Daily Market Analysis 16.08.2022: GOLD
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1779.24 with take profit at 1781.56 Bearish Preference: Sell position is envisaged if price trades below 1775.31 with take profit at 1772.93 Fundamentals:No major fundamental Comment:It remains to be seen if the Federal Open Market Committee (FOMC) Minutes will influence the price of gold as the slowdown …