Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1812.06 with take profit at 1813.59 .
Bearish Preference:
Sell position is envisaged if price trades below 1808.11 with take profit at 1806.32 .
Fundamentals:
No Major fundamental
Comment: Gold traded modestly higher during Monday’s APAC mid-day trading session following a much stronger-than-expected US nonfarm payrolls report. The Labor Department showed that 467k jobs were added in January, smashing market expectation of a 150k increase. There were also substantial upward revisions to the prior two months.
Analysis: SCRUM Team
