Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1842.51 with take profit at 1845.09
Bearish Preference:
A Sell position is envisaged if the price trades below 1831.84 with take profit at 1829.65
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
Gold prices hovered near seven-month highs on Friday as markets awaited a key reading on U.S. nonfarm payrolls, while copper prices reversed weekly losses amid the relaxing of more anti-COVID measures in major importer China.
Analysis: SCRUM Team
