Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1767.52 with take profit at 1771.33
Bearish Preference:
A Sell position is envisaged if price trades below price 1753.22 and take profit at 1749.37
Fundamentals:
No major fundamental
Comment:
Gold prices stuck to a 2-½ month high on Friday and were set for their best week in over eight months as signs of cooling U.S. inflation drove up hopes that the Federal Reserve will trim its pace of interest rate hikes in the coming months.
Analysis: SCRUM Team