Gold Weekly Analysis
Last week Gold broke the previous weekly high and closed above daily resistance
USD Flash Manufacturing/Services PMI on Thursday
USD Revised UoM Consumer Sentiment on Friday
No major news for Gold this week so anticipating that price might pull back to retest broken resistance but continue bullish, making new highs
GBPJPY Weekly Analysis
GBPJPY continued bullish up to weekly resistance after forming support on Wednesday
GBP CPI y/y on Wednesday
GBP Flash Manufacturing/Services PMI on Thursday
GBP CPI is forecast to fall from 3.2% to 2.1% on Wednesday. This could be the start of a GJ pull back from the highs
Check out the News Cheat Sheet 20th May for more scenarios
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