Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1808.72 with take profit at 1812.29
Bearish Preference:
Sell position is envisaged if price trades below 1792.79 and take profit at 1789.98
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
Data overnight including falling U.S. job openings and contracting U.S. manufacturing activity, raised fresh hopes of easing cost pressure and added to evidence that Fed rate hikes may have cooled the economy.
Analysis: SCRUM Team