Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1919.54 with take profit at 1923.33
Bearish Preference:
A Sell position is envisaged if the price trades below 1906.84 with take profit at 1903.63
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
4:00pm USD ISM Services PMI
Comment:
Gold prices inched higher on Friday after pulling back sharply from nine-month highs in the prior session as the dollar rebounded in anticipation of key nonfarm payrolls data, while other economic readings showed some strength in the labor market.
Analysis: SCRUM Team
