Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1780.55 with take profit at 1783.29
Bearish Preference:
Sell position is envisaged if price trades below 1772.92 with take profit at 1770.38
Fundamentals:
No major fundamental
Comment:
Gold prices were muted on Friday after logging sharp losses in the prior sessions as growing fears of a recession were compounded by signals from several major central banks that interest rates were far from peaking.
Analysis: SCRUM Team
