Daily Market Analysis 04|05|2021: GOLD
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1786.47 with take profit at 1789.00. Bearish Preference: Sell position is envisaged if price trades below 1781.44 with take profit at 1778.85. Fundamentals:None with high Impact Comment: Disappointing ISM manufacturing PMI on Monday, along with a temporary dip in Treasury yields below 1.6%, saw gold kick …