Daily Market Analysis 21.10.2022: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1625.05 with take profit at 1626.82
Bearish Preference: 
Sell position is envisaged if price trades below 1614.47 with take profit at 1612.06
No high-impact fundamental 

U.S. Treasury yields held near multiyear highs on Friday, with markets seeing no end to tightening from the Federal Reserve, causing shares to slip and the dollar to strengthen, particularly on the yen, against which it hit a new 32 year top.

Analysis: SCRUM Team

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