Gold hits an all-time high (ATH) despite the
strong US dollar.
US Final GDP Q/Q- Strong (positive for Gold)
Unemployment claims - Strong (Bullish for
Gold)
US PCE- weak (positive for Gold)
Chicago PMI - weak (negative for Gold)
Technical:
The near-term support is around $2245, a
break below targets of $2228/$2215/$2200. The
yellow metal faces minor resistance around
$2265 and a breach above will take it to the
next level of $2300
signal
Sell $2265 with SL around $2300 for TP of
$2240/$2230
Buy $2230 with SL around $2200 for TP of
$2265/$2300.