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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1812.21 with take profit at 1813.34.
Bearish Preference:
Sell position is envisaged if price trades below 1805.91 with take profit at 1804.45.
Fundamentals:
No Major Fundamental
Comment: The dollar was down on Friday, on course to end the week lower after encouraging signs from the pandemic revived global risk appetite, supporting higher yielders. The Dollar Index also started its session lower Monday morning giving supposed strength to the yellow Metal. With a verified resistance of a 3-time test count at 1814.34, there would need to be a positive sentiment towards the yellow metal to go above there.
Analysis: SCRUM Team
