Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1807.84 with take profit at 1810.80
Bearish Preference:
A Sell position is envisaged if price trades below price 1798.42 with take profit at 31795.55
Fundamentals:
No Major Fundamentals
Comment:
U.S. Treasury yields rose as investors tried to assess the path of interest rate hikes from the Federal Reserve and eyed China’s scaling back of restrictions. While China’s changes were seen as a potential economic boost, money managers were cautious about reports of increasing infection rates there.
Analysis: SCRUM Team
