Daily Market Analysis 05|05|2021: GOLD
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1780.68 with take profit at 1782.21. Bearish Preference: Sell position is envisaged if price trades below 1775.83 with take profit at 1773.46. Fundamentals:No Major fundamentals Comment: A stronger US dollar and the prospect of higher interest rates is not a good combination for gold. The …