Instrument: GOLD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 1724.10 with take profit at 1726.07
Bearish Preference:
A sell position is envisaged if price trades below price 1717.90 with take profit at 1715.71
Fundamentals:
No major fundamental
Comment:
The dollar corrected finally, falling 1% after a barnstorming month-long rally in which market participants have had to ratchet their forecasts for U.S. interest rates ever higher.
Analysis: SCRUM Team