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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1817.04 with take profit at 1818.89.
Bearish Preference:
Sell position is envisaged if price trades below 1810.47 with take profit at 1809.03.
Fundamentals:
2:45pm USD Chicago PMI
3:00pm USD CB Consumer Confidence
Comment: Gold was up on Tuesday morning in Asia, with a weakening dollar giving the yellow metal a boost. Investors are now looking to U.S. economic data due later in the week to gains clues to when the U.S. Federal Reserve will begin asset tapering.
Analysis: SCRUM Team
