Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1900.83 with take profit at 1903.39.
Bearish Preference:
Sell position is envisaged if price trades below 1884.85 with take profit at 1878.01.
Fundamentals:
None with high impact on the commodity
Comment:
Right now, Gold prices are trading sideways in a tight range, which ultimately indicates a big move is on the horizon. Traders’ attention has now shifted to Friday’s key Inflation reading for clues on Gold’s next big move.
Analysis: SCRUM Team