Daily Market Analysis 20.01.2023: GOLD

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
All Day WEF Annual Meetings

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

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