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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1953.80 with take profit at 1955.80.
Bearish Preference:
Enter a Sell position if price trades below 1940.18 with take profit at 1938.18.
Fundamentals:
8:00pm USD FOMC Meeting Minutes.
Comment: Gold was down on Wednesday morning in Asia, with investors awaiting the results of a U.S. Senate runoff election in the state of Georgia to determine the prospects of further stimulus measures.
Analysis: SCRUM Team
