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Daily Analysis

Daily Market Analysis 06.12.2023: GOLD

Instrument: GOLD Bullish Preference: A Buy position is envisaged if the price trades above 2041.32  with take profit at 2048.82 Bearish Preference:  A Sell position is envisaged if the price trades below 2005.90  with take profit at 1992.64 Fundamentals:2:15pm USD ADP Non-Farm Employment Change Comment:  Gold prices moved little in Asian trade on Wednesday after falling sharply from record highs …

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Daily Market Analysis 06.12.2023: OIL

Instrument: OIL Bullish Preference: A Buy position is envisaged if the price trades above 77.73  with take profit at 78.57 Bearish Preference:  A Sell position is envisaged if the price trades below 76.46  with take profit at 75.47 Fundamentals:No major fundamental. Comment: Oil prices rose slightly in Asian trade on Wednesday, after posting losses for four sessions, as investors weighed …

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Daily Market Analysis 05.12.2023: GOLD

Instrument: GOLD Bullish Preference: A Buy position is envisaged if the price trades above 2027.96 with Take Profit at 2034.87 Bearish Preference:  A Sell position is envisaged if the price trades below 2016.55 with Take Profit at 2006.44 Fundamentals:USD:      ISM Services PMI                4:00PM              JOLTS …

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Daily Market Analysis 05.12.2023: EURUSD

Instrument: EURUSD Bullish Preference: A Buy position is envisaged if the price trades above 1.08428 with Take Profit at 1.08497 Bearish Preference:  A Sell position is envisaged if the price trades below 1.08281 with Take Profit at 1.08196 Fundamentals:USD:      ISM Services PMI                4:00PM              JOLTS …

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Daily Market Analysis 05.12.2023: OIL

Instrument: OIL Bullish Preference: A Buy position is envisaged if the price trades above 78.58 With Take profit at 79.09 Bearish Preference:  A Sell position is envisaged if the price trades below 77.43 with Take profit at 76.91 Fundamentals:No major Fundamentals today on OIL Comment:  The OPEC+ meeting last week failed to convince markets with the 2.2 million bpd seemingly …

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Daily Market Analysis 04.12.2023: US100

Instrument: US100 Bullish Preference: Buy position is envisaged if price trades above 15980.49  with take profit at 16002.19 Bearish Preference: Sell position is envisaged if price trades  below 15946.50  with take profit at 15922.92 Fundamentals:None with Expected High Impact Comment:  5 Historical Patterns Suggesting Bullish Momentum Will Continue in DecemberInvestor sentiment continues to rise and is increasingly outperforming its historical …

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USDCAD Analysis

Daily Market Analysis 04.12.2023: USDCAD

Instrument: USDCAD Bullish Preference: Buy position is envisaged if price trades above 1.35550 with take profit at 1.35745 Bearish Preference:  Sell position is envisaged if price trades  below 1.35271  with take profit at 1.35088 Fundamentals:None with Expected High Impact Comment:  Wall Street futures rise amid global market gains, dollar dipsThe anticipation of economic data releases has kept the financial community …

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Daily Market Analysis 04.12.2023: EURUSD

Instrument: EURUSD Bullish Preference: Buy position is envisaged if price trades above 1.08966 with take profit at 1.09091 Bearish Preference: Sell position is envisaged if price trades  below 1.08490 with take profit at 1.08346 Fundamentals:None with Expected High Impact Comment: The dollar struggled to regain some footing on Monday as markets took stock of cautious remarks from Federal Reserve Chair …

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Daily Market Analysis 04.12.2023: OIL

Instrument: OILs Bullish Preference: Buy position is envisaged if price trades above 78.62 with take profit at 79.15 Bearish Preference:  Sell position is envisaged if price trades  below 77.89 with take profit at 77.44 Fundamentals:None with Expected High Impact Comment: Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global …

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