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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1829.44 with take profit at 1831.46.
Bearish Preference:
Sell position is envisaged if price trades below 1824.48 with take profit at 1822.79 .
Fundamentals:
4:00pm USD Prelim UoM Consumer Sentiment
Comment:
The dollar rose Asia on Friday after hotter-than-expected U.S. inflation and hawkish comments from a Federal Reserve official unleashed a wave of bets on aggressive rate hikes, though similar pressures worldwide kept a lid on gains.
Analysis: SCRUM Team
