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Daily Market Analysis 06|01|2021: GOLD

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Daily Analysis / Online Education

Daily Market Analysis 06|01|2021: GOLD

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

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