Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1824.38 with take profit at 1827.88.
Bearish Preference:
Sell position is envisaged if price trades below 1813.55 with take profit at 1811.15.
Fundamentals:
2:30pm USD Core CPI
Comment: Gold was up on Wednesday morning in Asia. Investors shifted their focus to U.S. inflation data for interest rate hike clues after U.S. Federal Reserve Chairman Jerome Powell set a less hawkish tone and reiterated that the central bank would tackle inflation.
Analysis: SCRUM Team