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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1662.84 with take profit at 1665.87
Bearish Preference:
Sell position is envisaged if price trades below 1650.73 with take profit at 1647.38
Fundamentals:
2:45pm USD Flash Services PMI
Comment:
The dollar index, which tracks the greenback against a basket of six advanced economy currencies, rose to a new 20-year high over 112, as surging short- and long-term interest rates on dollars continued to suck in capital from around the world.
Analysis: SCRUM Team
