Instrument: GOLD
Technical Analysis
Bearish Preference:
Sell is envisage if price trades below 1800.99 with take profit at 1793.06.
Bullish Preference:
Buy is envisaged if price trades above 1816.61 with take profit at 1824.76.
Fundamentals:
4:00pm USD Fed Chair Powell Testifies
Comment: Gold was up on Wednesday morning in Asia, close to a one-week high reached during the previous session, due to a weaker dollar and comments by U.S. Federal Reserve Chairman Jerome Powell that the U.S. economy is still on the road towards recovery from COVID-19.
Analysis: SCRUM Team
