Analyst
Bullish Preference: A buy position is envisaged if price trades above 122.26 with take Profit at 122.46.
Bearish Preference: A sell position is envisaged if price trades below 121.84 with take profit at 121.71.
No Major fundamentals
Comment: Report shows COVID-19 cases have doubled in five weeks in Europe, with total infections surpassing 10 million. The euro steadied in Asian trade but was close to hitting long-term lows against the greenback and Japanese yen. The euro has been selling since infection cases and lockdowns stood out in Europe," said Daisuke Uno, chief financial strategist at Sumitomo Mitsui Bank.
Bullish Preference: A buy position is envisaged if price trades above 1904.06 with take Profit at 1919.48.
Bearish Preference: A sell position is envisaged if price trades below 1879.24 and take profit at 1867.17.
No Major fundamentals
Comment: As the U.S. election moves into its final day of in-person voting, investors looked to gold to take advantage of the myriad uncertainties swirling about the outcome. The longer-term view is bullish on expectations that we are going to get a large stimulus deluge from the U.S. which ultimately should weaken the U.S. dollar and send gold higher," said chief global market strategist at financial services firm Axi, Stephen Innes
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Kobi
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Adefuwa Ayodele