Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy is envisaged if price trades above 1945.50 with take profit at 1961.40.
Bearish Preference:
Sell is envisaged if price trades below 1935.89 with take profit at 1924.37.
Fundamentals:
ISM Manufacturing PMI (USD) 4 PM
Comment: Gold went slightly down on Tuesday morning, with investors eagerly waiting the results of a runoff election in the U.S state of Georgia that will indicate the likelihood of further U.S. stimulus measures. In other news The number of global COVID-19 cases continues to rise, with U.K. Prime Minister Boris Johnson on Monday ordering a new national lockdown in his country has also seen investors turn to the safe-haven asset.
Analysis: SCRUM Team