Daily Market Analysis 29.11.2022: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1756.45 with take profit at  1758.20
Bearish Preference: 
Sell position is envisaged if price trades below 1750.98 with take profit at 1749.42
4pm USD  CB Consumer Confidence

Gold prices fell below a key support level on Tuesday after hawkish comments from Federal Reserve officials brewed some uncertainty over the path of U.S. monetary policy, while copper prices steadied as markets awaited more developments in China.

Analysis: SCRUM Team

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