Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1.07132 with take profit at 1.06781
Alternative scenario: Buy position is envisaged if price trades above 1.07531 with take profit at 1.07994
No major economic data with direct bearing on the pair
Comment: The pair has found a resistance with the 50 EMA on the hourly chart and is envisaged to trade lower.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1484.73with take profit at 1479.28
Alternative scenario: Buy position is envisaged if price trades above 1491.42 with take profit at 1497.49
No major economic data with direct bearing on the commodity.
Comment: The precious metal has found a resistance with the 50 EMA on the hourly chart and is envisaged to trade lower.
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