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.
Fundamentals:
1:30pm
USD Core PCE Price Index m/m
3:00pm
USD Revised UoM Consumer Sentiment
Comment:
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