Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1931.27 with take profit at 1933.27
Bearish Preference:
Sell position is envisaged if price trades below 1926.08 with take profit 1924.31
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
3:00 pm USD ISM Manufacturing PMI
Comment:
Gold eased on Friday and headed for a weekly decline as a stronger dollar and higher Treasury yields dented the appeal of zero-yield bullion, while investors also awaited a key U.S. jobs report.
Analysis: SCRUM Team