How AI prompting turned writerly description into an everyday skill 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Today’s space race could turn fatal if we don’t agree on new rules 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Gold is down for fourth consecutive day and heading into its third consecutive weekly fall, however carried away in the near term may prove a bit risky, especially in a week of heavy event risks.
As we discussed in previous outlook, most likely move for gold to be downwards, given FED's emphasis on the final meeting of the year as a possible rate hike date. So as discussed Gold is heading towards its support area around $1120-1125/troy ounce area.
As of today, it is very close to its support trading around, $1130/troy ounce. If price reaches support area, ahead of NFP report on Friday, it could be anybody's game. Bulls might push gold higher, if NFP report surprises to the downside.
Trade idea -
- Any fresh position is not recommended ahead of NFP and close to support, however bears who are holding short position might go for partial profit book close to support. Rest can be traded at NFP with tight stop loss.
