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Daily Analysis

Daily Market Analysis 12.05.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2013.17 with take profit at  2014.96. Bearish Preference: A sell position is envisaged if the price trades below 2007.70 with take profit at 2006.05. Fundamentals:3PM USD Prelim UoM Consumer Sentiment Comment:Gold prices steadied on Friday after reversing all their gains this week as …

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Daily Market Analysis 11.05.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2027.41 with take profit at 2031.07. Bearish Preference: A sell position is envisaged if the price trades below price 2014.22 with take profit at 2009.18. Fundamentals:1:30 pmUSDCore PPI m/mPPI m/mUnemployment Claims Comment:Gold showed a muted reaction to the CPI data, as investors bet …

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Daily Market Analysis 10.05.2023: OIL

Instrument: OILS+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 77.66 with take profit at  78.67 Bearish Preference: A sell position is envisaged if the price trades below 76.45 with take profit at 75.67 Fundamentals:None with High Impact Comment: Oil prices fell on Wednesday, ending a three-day rally, as an unexpected rise in U.S. oil inventories …

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Daily Market Analysis 09.05.2023: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 1.26078 with a take profit at 1.26181. Bearish Preference: A sell position is envisaged if the price trades below price 1.25891 with a take profit at 1.25649. Fundamentals:None with High Impact Comment: The U.S. dollar edged higher in early European trade Tuesday, while sterling …

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Daily Market Analysis 09.05.2023: US100

Instrument: US100 Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 13305.29 with take profit at  13317.29. Bearish Preference: A sell position is envisaged if the price trades below 13275.10 with take profit at 13259.36. Fundamentals:None with High Impact Comment:U.S. stocks are seen opening marginally lower Tuesday, as investors cautiously await the release of …

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Daily Market Analysis 09.05.2023: GOLD

Instrument: GOLD+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2024.54 with take profit at  2025.50 Bearish Preference: A sell position is envisaged if the price trades below 2021.23 with take profit at 2020.31 Fundamentals:None with High Impact Comment: Gold prices steadied above key levels on Tuesday, keeping to slim trading ranges as traders awaited …

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