Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1926.24 with take profit at 1928.30
Bearish Preference:
Sell position is envisaged if price trades below 1914.18 with take profit at 1912.09
Fundamentals:
7:00pm USD FOMC Meeting Minutes
Comment:
Gold prices dipped on Wednesday after the dollar and Treasury yields jumped to multi-year highs on hawkish comments from U.S. Federal Reserve officials and as cautious traders braced for the U.S. central bank’s minutes from its latest meeting.
Analysis: SCRUM Team