Gold Weekly Analysis
Gold respected last weeks high and pulled back, closing bearish and forming resistance
USD Federal Funds Rate on Wednesday
USD Flash Manufacturing + Services PMI on Thursday
The Feds are planning to keep USD Interest Rates at 5.50% in this weeks March decision. No change might cause a pull back on Gold but keep it fundamentally bullish for the time being
GBPJPY Weekly Analysis
GJ pushed down the weekly support at the beginning of the week and rejected it closing bullish
JPY BOJ Policy Rate on Tuesday
GBP CPI on Wednesday
GBP Flash Manufacturing + Services PMI and Official Bank Rates on Thursday
GBP Retail Sales on Friday
Interest Rates decisions for JPY and GBP are both typically bullish for GJ so im anticipating GJ to make a weekly bottom wick then break last weeks high as well as the weekly resistance @ 190.75
Check out the News Cheat Sheet 18th March for more scenarios
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