Skip to content 
Instrument: GOLD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above1965.80 with take profit at 1973.21
Bearish Preference:
A sell position is envisaged if the price trades below1955.86 with take profit at 1948.79
Fundamentals:
3PM USD CB Consumer Confidence
Comment:
Gold prices fell in Asian trade on Wednesday, coming under pressure from an overnight surge in Treasury yields and as regulators further downplayed concerns over a widespread U.S. banking crisis. But the yellow metal still remained relatively well bid, with investors building their long positions on bullion prices in recent weeks on concerns that the recent collapse of several U.S. banks could leave lasting scars on the economy.
Analysis: SCRUM Team
