Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1897.00 with take profit at 1899.00
Alternative scenario: Sell position is envisaged if price trades below 1891.00 with take profit at 1888.00
Unemployment Claims (US) 1:30 pm
Comment: The precious metal closed higher in yesterday's session as the report of a rising number of new infections in the Euro Zone supported the safe haven metal. The renewed hope of more stimulus measure will sharpen risk appetite and may weigh on the precious metal.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 28411 with take profit at 28570
Alternative scenario: Sell position is envisaged if price trades below 28265 with take profit at 28100
Unemployment Claims (US) 1:30 pm
Comment: US.30 traded bullish yesterday, recovering from the initial dip from two days ago. This was after Trump revived hopes of the fiscal stimulus package in the US. It is envisaged that this pair will keep trading bullish for most of the day.
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