Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12182.19 with take Profit at 12233.96.
Bearish Preference:
Sell position is envisaged if price trades below price 12047.33 with take Profit at 12000.12.
Fundamentals:
1:30PM USD Non-Farm Employment Change.
Comment:
U.S. indices rose with Treasury yields on Thursday as investors bet on economic light at the end of the Federal Reserve’s rate hiking tunnel. Treasury yields were higher as investors wait on U.S. jobs data due before the market opens on Friday for clues about the strength of the economy and the Fed’s next moves.
Analysis: SCRUM Team