Instrument: GOLD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1953.80 with take profit at 1955.80.

Bearish Preference: 
Enter a Sell position if price trades below 1940.18 with take profit at 1938.18.

Fundamentals:
8:00pm USD FOMC Meeting Minutes.

Comment: Gold was down on Wednesday morning in Asia, with investors awaiting the results of a U.S. Senate runoff election in the state of Georgia to determine the prospects of further stimulus measures.

Analysis: SCRUM Team