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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1982.13 with take profit at 1984.50
Bearish Preference:
Sell position is envisaged if price trades below 1968.40 with take profit at 1964.61
Fundamentals:
1:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
USD Unemployment Claims
Comment:
Hopes for a prompt end to the war in Ukraine received a blow late Tuesday after Russian President Vladimir Putin vowed to continue the invasion, stating that peace talks with Ukraine were “at a dead end,” while suggesting the seven-week offensive is going to plan.
Analysis: SCRUM Team
