Instrument: GOLD+
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 2008.55 with take profit at 2011.50
Bearish Preference:
A sell position is envisaged if the price trades below 2004.88 with take profit at 2002.86
Fundamentals:
1:30 PM U.S.D Core Retail Sales m/m
1:30 PM U.S.D Core Retail Sales m/m
Comment:
Gold prices started the week on a positive note following three consecutive days of losses as the dollar rally takes a breather. In the absence of high-tier economic data, a technical correction alongside receding market jitters has paused the gold decline.
Analysis: SCRUM Team