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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1919.44 with take profit at 1922.46
Bearish Preference:
Sell position is envisaged if price trades below 1910.75 with take profit at 1907.59
Fundamentals:
No major Fundamental.
Comment:
Gold prices fell on Monday to their lowest in four weeks, as bets for an increasingly aggressive and hawkish U.S. Federal Reserve approach to tightening monetary policy boosted the dollar and pressured demand for bullion.
Analysis: SCRUM Team
