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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1816.33 with take profit at 1818.02.
Bearish Preference:
Sell position is envisaged if price trades below 1811.95 with take profit at 1810.23 .
Fundamentals:
None with high impact on the commodity
Comment: Gold was down on Wednesday morning in Asia and was near the one-week low hit during the previous session. U.S. Treasury yields climbed to two-year highs as expectations for a quicker-than-expected interest rate hike mount.
Analysis: SCRUM Team
