Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1792.51 with take profit at 1794.42
Bearish Preference:
Sell position is envisaged if price trades below 1789.01 with take profit at 1787.26
Fundamentals:
3:00pm USD Prelim UoM Consumer Sentiment
Comment:
The greenback’s slide continued into Thursday, falling as much as 0.57% early in the session, but then clawed back the bulk of those losses. The dollar index was down 0.114% at 105.1 at 3:30 p.m. EDT (1930 GMT), well off of its two-decade peak of 109.29 hit on July 14.
Analysis: SCRUM Team