Daily Market Analysis 12|01|2021: GOLDJanuary 12, 2021 2021-01-12 8:22
Daily Market Analysis 12|01|2021: GOLD
Buy is envisaged if price trades above 1862.70 with take profit at 1871.42.
Sell is envisaged if price trades below 1856.40 with take profit at 1847.60.
No Major Fundamentals.
Comment: Gold was down early hours on Tuesday morning, declining slightly as a firmer dollar and high Treasury yields outweighed U.S. political uncertainty and rising numbers of COVID-19 cases globally. Benchmark Treasury yields continued at 10-month highs as investor prepare for higher government spending under the incoming Joe Biden administration. The expectations drove the dollar, which usually moves inversely to gold, up on Tuesday.
Analysis: SCRUM Team