Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 2023.64 with take profit at 2026.64.
Bearish Preference:
Sell position is envisaged if price trades below 1998.64 with take profit at 1996.95.
Fundamentals:
4:00pm USD JOLTS Job Openings
Comment:
Gold on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting another run higher for precious metals in case of a further escalation in the Ukraine crisis.
Analysis: SCRUM Team