Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1931.87 take profit at 1934.22
Bearish Preference:
A Sell position is envisaged if the price trades below 1922.07 take profit at 1919.90
Fundamentals:
All Day WEF Annual Meetings
Comment:
Gold prices hovered at a nine-month high on Friday after a sharp rally in the prior session, and were headed for a fifth consecutive week of gains amid resurgent safe haven demand and growing uncertainty over the path of U.S. monetary policy.
Analysis: SCRUM Team