Instrument: GOLDs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1796.62 with take profit at 1798.76.
Bearish Preference:
Sell position is envisaged if price trades below 1787.50 with take profit at 1785.04.
Fundamentals:
None with high impact on the commodity.
Comment: Gold was up on Thursday morning in Asia, but kept below the $1,800 mark after the minutes from the U.S. Federal Reserve’s latest meeting suggesting that the central bank could accelerate asset tapering.
Analysis: SCRUM Team