Instrument: GOLD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 12178.73 with take profit at 12237.24
Bearish Preference:
A sell position is envisaged if price trades below price 1700.37 with take profit at 1698.77
Fundamentals:
1:30 USD: PPI m/m
Core PPI m/m
Comment:
World stocks were stuck in a sea of red on Wednesday as markets braced for an even more aggressive U.S. Federal Reserve to tame inflation, and the yen jumped as Japan gave its strongest signal yet that it could act to shore up the weak currency.
Analysis: SCRUM Team