Instrument: GOLDs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1901.42 with take profit at 1904.79.
Bearish Preference:
Sell position is envisaged if price trades below 1890.87 with take profit at 1887.06.
Fundamentals:
No Major Fundamentals
Comment: Gold has been on an incredible bull-run throughout the past month, with the precious metal notching up a fourth consecutive week of gains. Looking ahead to this week, the biggest market-moving events that traders will be closely monitoring is Friday’s U.S Employment Report, which is the most highly anticipated economic report of every month.
Analysis: SCRUM Team