Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1930.34 with take profit at 1933.85 .
Bearish Preference:
Sell position is envisaged if price trades below 1916.02 with take profit at 1912.36
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
Comment:
Gold steadied on Wednesday, buoyed by a weaker dollar and a slight pullback in U.S. bond yields, while investors awaited more details from Russia-Ukraine talks in Turkey.
Analysis: SCRUM Team