Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1676.11 with take profit at 1679.21
Bearish Preference:
Sell position is envisaged if price trades below 1667.32 with take profit at 1665.25
Fundamentals:
1:30pm USD PPI m/m
7:00pm USD FOMC Meeting Minutes
Comment:
Gold prices moved little on Wednesday as investors avoided big bets ahead of key U.S. inflation data this week, while the minutes of the Federal Reserve’s September meeting were also in focus.
Analysis: SCRUM Team