Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1851.53 with take profit at 1853.53
Bearish Preference:
Sell position is envisaged if price trades below 1845.02 with take profit at 1841.41
Fundamentals:
No Major Fundamental
Comment:
The U.S. dollar rose in early European trade Wednesday with risk sentiment on the wane as central banks tighten monetary policy, likely weighing on global economic growth. At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 102.562.
Analysis: SCRUM Team