Instrument: GOLDs
Bullish Preference:
A buy position is envisaged if the price trades above 1968.85 with take profit at 1972.66
Bearish Preference:
A sell position is envisaged if the price trades below 1965.90 with take profit at 1962.95.
Fundamentals:
None with High Impact
Comment:
Gold has been on a steady 2-month high as weak inflation data from the UK and the US fuelled its bullish run Declines in the US inflation rate as well as unemployment claims saw to the strength which the dollar had yesterday Federal reserves are close to hitting peak interest rates China’s stimulus to push up growth (supportive policies)
Analysis: SCRUM Team