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Daily Market Analysis 16.02.2022: GOLD

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Instrument: GOLD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1860.69 with take profit at 1863.08.
Bearish Preference: 
Sell position is envisaged if price trades below 1852.43 with take profit at 1850.88
Fundamentals:
2:30pm USD Core Retail Sales m/m
USD Retail Sales m/m

Comment: Barrick Gold Corp, on Wednesday announced a share repurchase of up to $1 billion and a bigger dividend payout as the gold miner’s fourth-quarter results beat analysts’ estimates.

Analysis: SCRUM Team

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