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Instrument: GOLD
Technical Analysis
Bearish Preference:
Sell is envisage if price trades below 1834.19 with take profit at 1832.70.
Bullish Preference:
Buy is envisaged if price trades above 1844.67 with take profit at 1846.46.
Fundamentals:
No major fundamentals
Comment: Gold was steady after the biggest two-day gain in a month as investors weighed prospects for more stimulus in the U.S. and the possibility of higher consumer prices against a focus on Bitcoin and stocks at a record. Bets on a robust package are helping to underpin market-derived inflation expectations, which are at multi-year highs, and have fanned the so-called reflation trade.
Analysis: SCRUM Team
