Skip to content 
Instrument: GOLDs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1965.08 with take profit at 1969.96
Bearish Preference:
A sell position is envisaged if the price trades below price 1948.51 with take profit at 1944.66
Fundamentals:
3:00pm USD ISM Manufacturing PMI
Comment:
Gold prices pulled back on Monday as markets locked in some profits after a strong first quarter, with focus now turning to a slew of U.S. economic readings this week for more cues on monetary policy. Focus is now on a slew of U.S. economic readings this week, starting with manufacturing activity data for March, due later on Monday. The reading is expected to show that the U.S. manufacturing sector remained in contraction territory for a fifth straight month.
Analysis: SCRUM Team
