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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1958.82 with a take profit at 1961.39 .
Bearish Preference:
Sell position is envisaged if price trades below 1949.24 with a take profit at 1946.65.
Fundamentals:
No major Fundamental
Comment:
Gold prices were little changed on Friday, as firmer U.S. Treasury yields offset non-yielding bullion’s demand, but the metal was cautiously on course for its best week in three.
Analysis: SCRUM Team
