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Daily Market Analysis 04.11.2022: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if price trades above 1654.67 with take profit at 1657.36
Bearish Preference: 
A Sell position is envisaged if price trades below price 1646.80 price with take profit at 1644.43
Fundamentals:
1:30PM USD Average Hourly Earnings m/m              
              USD Non-Farm Employment Change              
              USD Unemployment Rate

Comment: 
Economists expect 200,000 workers to have been added to U.S. non-farm payrolls in October. This would mark the slowest pace of growth so far in 2022, but most metrics suggest the labour market remains robust.

Analysis: SCRUM Team

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