Skip to content 
Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1741.78 with take profit at 1744.09.
Bearish Preference:
Sell position is envisaged if price trades below 1733.26 with take profit at 1731.19
Fundamentals:
3:00pm USD Fed Chair Powell Speaks
Comment: Gold was down on Tuesday morning in Asia as the dollar strengthened, and fresh COVID-19 restrictive measures were introduced across Europe. U.S. Federal Reserve Chairman Jerome Powell said that the U.S. economy had progressed “more quickly than generally expected and looks to be strengthening” but added that it still far from full recovery.
Analysis: SCRUM Team
