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Instrument: GOLD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 1670.92 with take profit at 1675.24
Bearish Preference:
A sell position is envisaged if price trades below price 1659.20 with take profit at 1655.74
Fundamentals:
3:00pm USD Prelim UoM Consumer Sentiment
Comment:
Gold and Copper prices moved little on Friday, and were set for steep weekly losses as growing expectations of more sharp interest rate hikes by the Federal Reserve boosted the dollar and dented metal markets.
Analysis: SCRUM Team
