Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1786.65 with take profit at 1788.34.
Bearish Preference:
Sell position is envisaged if price trades below 1782.04 with take profit at 1780.34.
Fundamentals:
6:00pm GBP Bank Stress Test Results
6:30pm GBP BOE Gov Bailey Speaks
Comment: Gold was up on Monday morning in Asia, as investors await key central bank policy decisions throughout the week and high U.S. consumer prices gave the yellow metal a boost.Gold futures inched up 0.10% to $1,786.55 by 11:07 PM ET (4:07 AM GMT) after climbing 0.8% on Friday.
Analysis: SCRUM Team
