Skip to content 
Instrument: GOLD+
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1837.62 with take profit at 1841.03
Bearish Preference:
A Sell position is envisaged if the price trades below 1829.84 with take profit at 1826.37
Fundamentals:
4:00pm USD ISM Manufacturing PMI
Comment:
Gold prices fell slightly on Wednesday after logging a two-day recovery from their lowest levels this year, with focus remaining on any more signals on the U.S. economy and the Federal Reserve. The yellow metal had fallen for five consecutive days to its lowest level since late-December, as a series of strong U.S. inflation readings and hawkish signals from the Fed drove investors out of non-yielding assets, chiefly metals.
Analysis: SCRUM Team
