Daily Market Analysis 29.09.2023: GOLD

Instrument: GOLD

Bullish Preference: 
Buy position is envisaged if price trades above 1874.77 with take profit at 1877.12.

Bearish Preference: 
Sell position is envisaged if price trades below 1865.38 with take profit at 1863.49.

USD Core PCE Price Index m/m
USD Revised UoM Consumer Sentiment 

Gold prices moved little in Asian trade on Friday, hovering near a seven-month low hit earlier this week as markets awaited key U.S. inflation data, while copper prices rose amid bets that a week-long Chinese holiday will help perk up economic growth.

Analysis: SCRUM Team

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