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Daily Market Analysis 22.07.2022: GOLD

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Instrument: GOLD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1722.42 with take profit at  1723.93
Bearish Preference: 
Sell position is envisaged if price trades  below 1711.28 with take profit at 1709.21
Fundamentals:
2:45pm USD Flash Services PMI

Comment:
Gold steadied after posting its biggest gain in more than a month as investors weighed renewed concerns over economic growth amid tightening monetary policy.

Analysis: SCRUM Team

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