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Daily Market Analysis 19.01.2022: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1816.33 with take profit at 1818.02.
Bearish Preference: 
Sell position is envisaged if price trades below 1811.95 with take profit at 1810.23 .
Fundamentals:
None with high impact on the commodity

Comment: Gold was down on Wednesday morning in Asia and was near the one-week low hit during the previous session. U.S. Treasury yields climbed to two-year highs as expectations for a quicker-than-expected interest rate hike mount.

Analysis: SCRUM Team

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