Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1961.17 with take profit at 1963.88
Bearish Preference:
Sell position is envisaged if price trades below 1947.74 with take profit at 1944.17
Fundamentals:
USD 1:30PM CPI m/m
USD 1:30PM Core CPI m/m
Comment:
Gold prices inched higher on Tuesday as appetite for risk weakened ahead of U.S. inflation data that could support the Federal Reserve’s aggressive policy stance to contain rising pricing pressures.
Analysis: SCRUM Team