Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1873.41 with take profit at 1876.78
Bearish Preference:
A Sell position is envisaged if the price trades below 1857.26 with take profit at 1853.97
Fundamentals:
4:00pm USD Prelim UoM Consumer Sentiment
Comment:
Gold prices hovered around a one-month low on Friday amid pressure from rising short-term yields, and were headed for a second consecutive weekly loss as markets reassessed their expectations of more interest rate hikes from the Federal Reserve.
Analysis: SCRUM Team
