Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1864.36 with take profit at 1866.85
Bearish Preference:
Sell position is envisaged if price trades below 1857.77 with take profit at 1855.07
Fundamentals:
None with high impact on the commodity
Comment:
Gold was up on Monday morning in Asia, firming in volatile trading. A weaker dollar gave the yellow metal a boost, but a move towards riskier assets in Asia capped gains. Federal government offices, stock and bond markets, and the Federal Reserve will be closed for the Memorial Day holiday in the U.S. today.
Analysis: SCRUM Team