Daily Market Analysis 26|06|2020: GOLDJune 26, 2020 2020-06-26 8:42
Daily Market Analysis 26|06|2020: GOLD
Buy position is envisaged if price trades above 1766.38 with take profit at 1774.80.
Sell position is envisaged if price trades below 1757.60 with take profit at key level 1751.39.
No major economic data with direct bearing to this commodity
Comment: The mixed sentiment among investors have made gold a major instrument to trade. Gold being a safe haven has become more attractive as investors and retail traders buy gold whenever the market shows a decline. Given the rising case of corona virus in the world, sentiments around gold have been bullish, hence, a buy trade is envisaged on this instrument.
Analysis: SCRUM Team