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Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1850.03 with take profit at 1851.50
Bearish Preference:
A Sell position is envisaged if the price trades below 1843.98 with take profit at 1842.51
Fundamentals:
4:00pm USD ISM Services PMI
Comment:
The U.S. dollar weakened in early European trade Friday, on course for a weekly loss, amid uncertainty over the extent of the Federal Reserve’s future tightening path.
Analysis: SCRUM Team
