Buy position is envisaged if price trades above 1980.85 with take profit at 1983.55
Sell position is envisaged if price trades below 1974.76 with take profit at 1972.40
No major Fundamental.
A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The reach for gold, a traditional hedge against geopolitical upheaval and inflation, is unsurprising. The demand for gold-backed cryptocurrencies, though, is new.
Analysis: SCRUM Team