Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1806.86 with take profit at 1809.16.
Bearish Preference:
Sell position is envisaged if price trades below 1798.57 with take profit at 1796.27.
Fundamentals:
USD : 3PM Richmond Manufacturing Index
Comment: Gold was down on Tuesday morning in Asia. The dollar, which usually moves inversely to gold, inched up 0.07% on Tuesday, recovering from a near one-month trough hit during the previous session.
Analysis: SCRUM Team