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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1935.72 with take profit at 1938.10.
Bearish Preference:
Sell position is envisaged if price trades below 1922.70 with take profit at 1919.57.
Fundamentals:
1:00pm USD Fed Chair Powell Speaks
Comment:
The dollar was flat against major peers on Wednesday as the boost from the U.S. Federal Reserve’s aggressive stance early this week faded and investors waited for President Joe Biden to unveil new sanctions against Russia during his trip to Europe.
Analysis: SCRUM Team
