Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy if price trades above 1859.28 with take profit at 1862.15.
Bearish Preference:
A sell is envisaged when price trades below 1849.26 with take profit at 1847.91.
Fundamentals:
2:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
3:45pm USD Flash Manufacturing PMI
Comment: Gold was up on Wednesday morning in Asia, with investors monitoring progress on U.S. stimulus measures and the Federal Reserve’s policy decision. The rapid progress in COVID-19 vaccine rollouts is also sparking hopes for a quick economic recovery.
Analysis: SCRUM Team