Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1819.65 with take profit at 1822.57.
Bearish Preference:
Sell position is envisaged if price trades below 1810.66 with take profit at 1807.86.
Fundamentals:
2:15pm USD ADP Non-Farm Employment Change
8:00pm USD FOMC Meeting Minutes
Comment: Gold was up on Wednesday morning in Asia ahead of the minutes from the latest U.S. Federal Reserve meeting. Investors also weighed the possibility of an earlier-than-expected interest rate hike against surging numbers of COVID-19 cases globally.
Analysis: SCRUM Team
