Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1804.81 with take profit at 1807.31.
Bearish Preference:
Sell position is envisaged if price trades below 1796.65 with take profit at 1794.30.
Fundamentals:
2:30PM USD Unemployment Claims
4:00PM USD ISM Services PMI
Comment: The U.S. dollar edged lower overall in early European trade Wednesday, handing back some overnight gains on rising Treasury yields with traders looking to the minutes from the last Federal Reserve meeting for clues on the timing of its expected tightening.
Analysis: SCRUM Team