Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1829.41 with take profit at 1831.87
Bearish Preference:
A Sell position is envisaged if the price trades below 1819.58 with take profit at 1817.35
Fundamentals:
No major fundamental
Comment:
Gold prices fell on Friday as stronger-than-expected U.S. inflation data and hawkish comments from Federal Reserve officials brewed concerns over more interest rate hikes, while optimism over China saw copper prices outpace metal markets this week.
Analysis: SCRUM Team
