Trump-proofing Nato: why Europe’s current nuclear deterrents may not be enough to face biggest threats since WWII 
US sanctions on Iranian hackers highlight growing concern about the Islamic Republic’s cyberwarriors 
More price rises and empty shelves on the cards as UK brings in Brexit border checks 
The French identify as Europeans – and yet are also notoriously Eurosceptic 
LVMH succession planning: keeping it in the family when you’re the world’s richest man 
Ensuring victims’ rights: The federal ombudsperson’s office is necessary but insufficient 
High interest rates aren’t going away anytime soon – a business economist explains why 
For Europe to emulate Silicon Valley’s tech success, it should change its startup funding model 
Four myths about vertical farming debunked by an expert 
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.
