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Daily Market Analysis 23.02.2022: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1900.83 with take profit at 1903.39.
Bearish Preference: 
Sell position is envisaged if price trades below 1884.85 with take profit at 1878.01.
Fundamentals:
None with high impact on the commodity

Comment: 
Right now, Gold prices are trading sideways in a tight range, which ultimately indicates a big move is on the horizon. Traders’ attention has now shifted to Friday’s key Inflation reading for clues on Gold’s next big move.

Analysis: SCRUM Team

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