Don't Jump to buy Gold right now... We will initiate fresh entry after evening data and event.
Today we have Unemployment claim data at 6pm. Previous data stood at 259k and this time forecast is of 267k. Forecast figure seems to be slightly positive for bullion.
On the other hand there is Fed philly manufacturing index at 6pm. Previous data stood at -2.8 and this time forecast is of -1.4. Forecast figure is negative for bullion and positive for base metal.
So we will expect volatile trading in evening session. So trade safely with levels only. More levels will update soon.
More will be update soon!!
