Instrument: GOLD
Technical Analysis
Bearish Preference:
Sell if price trades below 1791.96 with Take Profit at 1784.13.
Bullish Preference:
Buy if price trades below 1806.66 with Take Profit at 1813.74.
Fundamentals:
USD 2:30PM Prelim GDP q/q
Unemployment claims
Core Durable Goods Order
Comment: Gold was down on Thursday morning in Asia, with higher U.S. Treasury yields and U.S. Federal Reserve Chairman Jerome Powell’s commitment to current ultra-easy monetary policy all putting a dent in the yellow metal’s appeal.
Analysis: SCRUM Team