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Daily Market Analysis 04.10.2022: GOLD

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Instrument: GOLD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1713.80 with take profit at  1718.04
Bearish Preference: 
Sell position is envisaged if price trades below 1703.98 with take profit at 1700.86
Fundamentals:
USD:  JOLTS Job Openings

Comment: 
Gold prices rose slightly on Friday as pressure from the dollar eased further, but were set for a sixth straight month of losses as rising interest rates severely dampened the outlook for the yellow metal.

Analysis: SCRUM Team

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