Daily Market Analysis 04.05.2022: GOLD
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1873.17 with take profit at 1875.13 Bearish Preference: Sell position is envisaged if price trades below 1867.68 with take profit at 1865.20 Fundamentals:1:15pm USD ADP Non-Farm Employment Change7:00pm USD FOMC StatementUSD Federal Funds Rate7:30pm USD FOMC Press Conference Comment: Gold prices are attempting to mount a counter-offensive today …