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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1886.45 with take profit at 1889.04
Bearish Preference:
Sell position is envisaged if price trades below 1878.16 with take profit at 1875.91
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Non-Farm Employment Change
Comment:
Gold was down on Wednesday morning in Asia as U.S. Treasury yields rose and the upcoming policy decision from the U.S. Federal Reserve dented demand for the yellow metal.
Analysis: SCRUM Team
