Instrument: GOLD+
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 2004.32 with take profit at 2005.73
Bearish Preference:
A sell position is envisaged if the price trades below price 1999.90 with take profit at 1998.03
Fundamentals:
No high-impact fundamental.
Comment:
Gold prices hovered just below recent highs on Tuesday, remaining relatively underpinned as markets awaited more cues on the U.S. economy from inflation data and the minutes of the Federal Reserve’s March meeting due later this week.
Analysis: SCRUM Team