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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1873.99 with take profit at 1876.85.
Bearish Preference:
Sell position is envisaged if price trades below 1866.43 with take profit at 1863.84.
Fundamentals:
No Major Fundamental
Comment: Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push gold prices to three-month highs. Gold traded around $1,869.06 an ounce, near a three-and-a-half-month high, after the Empire State Manufacturing Survey, produced by the New York Fed, showed the highest prices paid since the series began in 2001.
Analysis: SCRUM Team
