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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1848.13 with take profit at 1850.26 .
Bearish Preference:
Sell position is envisaged if price trades below 1841.74 with take profit at 1839.29 .
Fundamentals:
8:00pm USD FOMC Statement
8:30pm USD FOMC Press Conference
Comment: After having more than doubled the size of its balance sheet to over $9 trillion since the start of the pandemic – expectations are running high that the Fed will announce its first interest-rate hike since 2018, as early as March in a desperate push to tame red-hot inflation.
Analysis: SCRUM Team
