Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1998.19 with take profit at 2003.03.
Bearish Preference:
Sell position is envisaged if price trades below 1979.50 with take profit at 1975.58.
Fundamentals:
No major fundamental
Comment:
Gold was down on Friday morning in Asia, with U.S. Treasury yields gaining over the latest U.S. inflation report. However, it was set for a second weekly gain after talks between Russia and Ukraine made little progress.
Analysis: SCRUM Team