Daily Market Analysis 23.09.2022: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1662.84 with take profit at 1665.87
Bearish Preference: 
Sell position is envisaged if price trades below 1650.73 with take profit at 1647.38
2:45pm USD Flash Services PMI

The dollar index, which tracks the greenback against a basket of six advanced economy currencies, rose to a new 20-year high over 112, as surging short- and long-term interest rates on dollars continued to suck in capital from around the world.

Analysis: SCRUM Team

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