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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1839.95 with take profit at 1841.67.
Bearish Preference:
Sell position is envisaged if price trades below 1835.62 with take profit at 1833.70.
Fundamentals:
No major fundamental
Comment: Gold bulls scored another win last week, with XAU/USD rising nearly a full percentage point, pulling the yellow metal’s monthly gain performance into positive territory. Treasury yields pulled back across the curve into the weekend. The 10-year Treasury yield hit the highest level since January 2020 before bond buyers stepped back into the market.
Analysis: SCRUM Team
