Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1824.48 with take profit at 1827.00.
Bearish Preference:
Sell position is envisaged if price trades below 1813.47 with take profit at 1811.45.
Fundamentals:
No Major Fundamental
Comment: The yellow metal has fallen 4% so far in 2021 and is on track for its biggest annual decline since 2015, as global economies continue to recover from the impact of COVID-19. This is despite the continual surge in COVID-19 cases involving the omicron variant.
Analysis: SCRUM Team
