Daily Market Analysis 27.10.2022: GOLD

Instrument: GOLD+

Technical Analysis

Bullish Preference:  
Buy position is envisaged if the price trades above 1663.29 with take profit at 1667.36
Bearish Preference: 
Sell position is envisaged if the price trades below 1657.69 with take profit at 1653.62
1:30pm USD Core Durable Goods Orders
             USD Durable Goods Orders m/
             USD Unemployment Claims   

Stock markets are expected to open lower Thursday, with investors focused on a hefty quarterly los The Fed is expected to raise interest rates by 75 basis points again next week although there is some anticipation it will slow the pace of tightening and hike by a half point in December.

Analysis: SCRUM Team

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