Skip to content 
Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1904.67 with take profit at 1908.70.
Bearish Preference:
Sell position is envisaged if price trades below 1896.20 with take profit at 1892.4.
Fundamentals:
1:30PM USD Prelim GDP q/q
USD Unemployment Claims
3:30pm USD Pending Home Sales m/m
Comment: Investors continue to monitor how the U.S. Federal Reserve is going to change its policy in light of possible runaway inflation, even if Fed officials have reiterated any inflation is transitory and the central bank will keep its current dovish monetary policy for a while.
Analysis: SCRUM Team
