We have few effective NEWS in coming days:
- First significant data is March Durable Goods Orders on Monday and low reading causes bullish for gold spot.
- Second important data releases on Tuesday. The Conference Board (CB) is about the Consumer Confidence report for April.
- On Thursday and Friday we have GDP and inflation Data for USA.
According to these news we'll watch closely the market , however technical shown there's an important resistance around 1787 which matches with 38.2 fibo of Jan downtrend. if we see reversal movement the next support is 1740. but if it passes 1787 we expect grows to 1800 area.
Let's see
- First significant data is March Durable Goods Orders on Monday and low reading causes bullish for gold spot.
- Second important data releases on Tuesday. The Conference Board (CB) is about the Consumer Confidence report for April.
- On Thursday and Friday we have GDP and inflation Data for USA.
According to these news we'll watch closely the market , however technical shown there's an important resistance around 1787 which matches with 38.2 fibo of Jan downtrend. if we see reversal movement the next support is 1740. but if it passes 1787 we expect grows to 1800 area.
Let's see