Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1770.82 with take profit at 1773.64
Bearish Preference:
Sell position is envisaged if price trades below 1757.96 with take profit at 1755.84
Fundamentals:
No high impact fundamental
Comment:
Gold prices rose slightly on Friday, but were set to end the week lower as hawkish comments from Federal Reserve officials boosted the dollar with the prospect of more interest rate hikes, while concerns over rising COVID-19 cases in China walloped copper.
Analysis: SCRUM Team