Daily Market Analysis 31.01.2022: GOLD
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1789.21 with take profit at 1790.78. Bearish Preference: Sell position is envisaged if price trades below 1784.77 with take profit at 1782.73. Fundamentals:USD 3:45 PM Chicago PMI Comment: Gold extended a four-day losing streak during Monday’s APAC mid-day trading session. Prices have fallen 2.36% last week after …