Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if the price trades above 1657.36 with take profit at 1659.67
Bearish Preference:
Sell position is envisaged if the price trades below 1648.57 with take profit at 1645.78
Fundamentals:
1:30pm USD Core PCE Price Index m/m
Comment:
Gold prices fell slightly on Friday as the dollar recovered on stronger-than-expected third-quarter U.S. GDP data, while copper prices were set for a third straight week of gains on fears that supply will tighten in the coming months.
Analysis: SCRUM Team