Gold Analysis Thursday 20 October
Gold performance Wednesday 19 October : Gold opened at $1652, made high at $1654 and low at $1629. Daily Closing was at $1629, which is $23 less than Tuesday 18 October daily closing.
Today, Gold opened at $1623. Daily Support is at $1608 and Resistance is at $1640. Trend is negative and volatile.
Fundamental Events Pakistan Time based
05:30 PM US Philly FED manufacturing Index and Unemployment claims
US Philly FED Manufacturing Index
Previous -9.9 Market expecting -5.0
If plus figure is released, This can be positive for US$ and negative for DXY. If negative figure is released, This can be negative for US$ and positive for Gold.
US Unemployment claim
Previous 228000 Market expecting 229000
If figure increase, This can be negative for US$ and positive for Gold. If figure decrease, This can be positive for US$ and negative for Gold.
07:00 PM, USA existing home sales
Previous 4.8 million Market expectation 4.69 million
If figure comes above market expectation, This can be positive for US$ and negative for Gold. If figure comes below market expectations, This can have negative effect on US$ and positive effect on Gold.
10:30 PM-11:15 PM, FOMC Member speeches.
Gold performance Wednesday 19 October : Gold opened at $1652, made high at $1654 and low at $1629. Daily Closing was at $1629, which is $23 less than Tuesday 18 October daily closing.
Today, Gold opened at $1623. Daily Support is at $1608 and Resistance is at $1640. Trend is negative and volatile.
Fundamental Events Pakistan Time based
05:30 PM US Philly FED manufacturing Index and Unemployment claims
US Philly FED Manufacturing Index
Previous -9.9 Market expecting -5.0
If plus figure is released, This can be positive for US$ and negative for DXY. If negative figure is released, This can be negative for US$ and positive for Gold.
US Unemployment claim
Previous 228000 Market expecting 229000
If figure increase, This can be negative for US$ and positive for Gold. If figure decrease, This can be positive for US$ and negative for Gold.
07:00 PM, USA existing home sales
Previous 4.8 million Market expectation 4.69 million
If figure comes above market expectation, This can be positive for US$ and negative for Gold. If figure comes below market expectations, This can have negative effect on US$ and positive effect on Gold.
10:30 PM-11:15 PM, FOMC Member speeches.