Gold Analysis Thursday 17 November
Gold performance Wednesday: Gold opened at $1778, made high at $1785 and low at $1770. Gold closed at $1774, $4 less than Tuesday closing.
Today, Gold opened at $1766. Support is at $1752 and Resistance is at $1782. Trend is Neutral.
Fundamental events according to Pakistan time.
06:30 PM, US Unemployment claims, Philly FED Manufacturing Index
US Unemployment claims: Previous figure 225,000. Market expectation 228,000. If figure increases, this will be negative for US$ and positive for Gold. If figure decreases, this will be positive for US$ and negative for Gold.
Philly FED Manufacturing Index: Previous figure was -8.7, Market is expecting -6.0. If figure increases to positive, this will be positive for US$ and negative for Gold. If figures increase to further negative, it will be negative for US$ and positive for Gold.
07:15 PM-08:40 PM, FOMC member speeches
Gold performance Wednesday: Gold opened at $1778, made high at $1785 and low at $1770. Gold closed at $1774, $4 less than Tuesday closing.
Today, Gold opened at $1766. Support is at $1752 and Resistance is at $1782. Trend is Neutral.
Fundamental events according to Pakistan time.
06:30 PM, US Unemployment claims, Philly FED Manufacturing Index
US Unemployment claims: Previous figure 225,000. Market expectation 228,000. If figure increases, this will be negative for US$ and positive for Gold. If figure decreases, this will be positive for US$ and negative for Gold.
Philly FED Manufacturing Index: Previous figure was -8.7, Market is expecting -6.0. If figure increases to positive, this will be positive for US$ and negative for Gold. If figures increase to further negative, it will be negative for US$ and positive for Gold.
07:15 PM-08:40 PM, FOMC member speeches