Gold Weekly Analysis
Gold started the week with low volume and held support before closing bullish post FOMC. Gold continued bullish, making new all time highs on Thursday before retracing and closing near support on Friday.
USD CB Consumer Confidence on Tuesday
USD Final GDP q/q + Revised UoM Consumer Sentiment on Thursday
USD Core PCE Price Index m/m on Friday
USD news throughout the week which should bring in some volume. Anticipating Gold to continue pull back from the highs continue bearish next week.
GBPJPY Weekly Analysis
GBPJPY started the week very bullish with the help the BoJ Policy decision on Tuesday morning which saw a 200pip push. GBP CPI on Wednesday continued the bullish push until BoE Interest Rates started the bearish pull back. GJs weekly candle closed with a long rejection wick although it stayed above the weekly resistance
No major GBP news due this week so looking for GJ to retest major key levels and stay within daily support and resistance levels
Check out the News Cheat Sheet 25th March for more scenarios
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