Daily Market Analysis 22.09.2022: GOLD

Instrument: GOLDs

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if price trades above 1677.57 with take profit at 1684.49.
Bearish Preference: 
A Sell position is envisaged if price trades below 1666.98 with take profit at 1658.63.
None with high impact.

The dollar surged to a fresh two-decade high and stocks slid on Thursday with investors unsettled by the Federal Reserve’s aggressive outlook for U.S. interest rates and braced for more hikes across Europe later in the day. No one knows whether this process will lead to a recession or if so how significant that recession would be,” Fed Chair Jerome Powell told reporters after the rate hike announcement.

Analysis: SCRUM Team

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