Instrument: GOLDs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1995.90 with take profit at 1999.19.
Bearish Preference:
A sell position is envisaged if the price trades below price 1985.15 with take profit at 1982.34.
Fundamentals:
3:00pm USD ISM Manufacturing PMI
Comment:
Gold futures ended a notch higher for April, clinching the second straight monthly settlement in the positive as bulls kept the haven not too far from the key $2,000-an-ounce mark on bets that the dollar will fall again soon.
Analysis: SCRUM Team