GOLD + GBPJPY Week Ahead Analysis 8th April

Gold Weekly Analysis

Last week Gold continued its bullish run and made new highs daily, only closing bearish on Thursday

• USD CPI and FOMC Meeting Minutes on Wednesday

• USD PPI + Unemployment Claims on Thursday

• USD Prelim UoM Consumer Sentiment on Friday
  

CPI on Wednesday will be big for Gold and could be a good day to start looking at a potential reversal or serious pull back in the bullish structure.

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GBPJPY Weekly Analysis

GJ started the week breaking below weekly resistance before forming support and continuing uptrend structure

• GBP GDP on Friday

No major news for GBP this week so looking for GJ to continue a slow bullish push to towards the highs

Check out the News Cheat Sheet 8th April for more scenarios