Daily Market Analysis 25/11/2021: GOLDs

Instrument: GOLDs

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1796.62 with take profit at 1798.76.
Bearish Preference: 
Sell position is envisaged if price trades below 1787.50 with take profit at 1785.04.
None with high impact on the commodity.

Comment: Gold was up on Thursday morning in Asia, but kept below the $1,800 mark after the minutes from the U.S. Federal Reserve’s latest meeting suggesting that the central bank could accelerate asset tapering.

Analysis: SCRUM Team

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