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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1887.35 with a take profit 1894.95.
Bearish Preference:
Enter a Sell position if price trades below 1877.76 with take profit at 1874.36.
Fundamentals:
no major economic data with direct bearing to this commodity.
Comment: Gold was down on Friday morning in Asia but was headed towards a third consecutive week of gains. Expectations for additional stimulus measures in the U.S. also continue to grow.
Analysis: SCRUM Team
