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Daily Market Analysis 30.03.2022: GOLD

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Instrument: GOLD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1930.34 with take profit at 1933.85 .
Bearish Preference: 
Sell position is envisaged if price trades below  1916.02 with take profit at 1912.36
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change

Comment: 
Gold steadied on Wednesday, buoyed by a weaker dollar and a slight pullback in U.S. bond yields, while investors awaited more details from Russia-Ukraine talks in Turkey.

Analysis: SCRUM Team

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