Skip to content 
Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1815.90 with take profit at 1819.44.
Bearish Preference:
Sell position is envisaged if price trades below 1811.78 with take profit at 1808.25 .
Fundamentals:
2:30pm USD Empire State Manufacturing Index
Comment:
Gold was down on Tuesday morning in Asia, as the dollar strengthened and U.S. Treasury yields climbed. Gold inched down 0.07% to $1,815.15 in the early hours of the day but remained above the $1,800 mark. The dollar, which usually moves inversely to gold, was up on Tuesday but remained near its lowest level in two months. U.S. Treasury yields also rose along the curve on Tuesday.
Analysis: SCRUM Team
