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Daily Market Analysis 10|02|2021: GOLD

Instrument: GOLD

Technical Analysis

Bearish Preference: 
Sell is envisage if price trades below 1838.06 with take profit at 1832.48
Bullish Preference: 
Buy is envisaged if price trades above 1847.30 with take profit at 1851.12.
Fundamentals:
2:30pm USD CPI m/m

Comment: Gold was up on Wednesday morning in Asia, with a weak dollar and growing expectation of further U.S. stimulus measures continuing to give the yellow metal a boost.

Analysis: SCRUM Team

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