Daily Market Analysis 02.08.2022: GOLD
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1776.82 with take profit at 1780.56 Bearish Preference: Sell position is envisaged if price trades below 1767.87 with take profit at 1764.80 Fundamentals:3:00pm USD: CB Consumer Confidence Comment:The recent recovery in the price of gold looks poised to persist as US Treasury yields remain under pressure, …