Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1722.42 with take profit at 1723.93
Bearish Preference:
Sell position is envisaged if price trades below 1711.28 with take profit at 1709.21
Fundamentals:
2:45pm USD Flash Services PMI
Comment:
Gold steadied after posting its biggest gain in more than a month as investors weighed renewed concerns over economic growth amid tightening monetary policy.
Analysis: SCRUM Team