Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1815.38 with take profit at 1818.12
Bearish Preference:
Sell position is envisaged if price trades below price 1804.51 with take profit at 1801.73
Fundamentals:
US Bank Holiday
Comment:
Gold was up on Monday morning in Asia as the U.S. dollar weakened on growth fears. In the U.S. and elsewhere, signs of economic weakness are becoming more apparent. Soft U.S. data suggested downside risks for this Friday’s June payroll report.
Analysis: SCRUM Team