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Daily Market Analysis 18|12|2020: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1887.35 with a take profit 1894.95. Bearish Preference: Enter a Sell position if price trades below 1877.76 with take profit at 1874.36. Fundamentals:no major economic data with direct bearing to this commodity. Comment: Gold was down on Friday morning in Asia but was headed towards …

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Daily Market Analysis 16|12|2020: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy if price trades above 1859.28 with take profit at 1862.15. Bearish Preference: A sell is envisaged when price trades below 1849.26 with take profit at 1847.91. Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m3:45pm USD Flash Manufacturing PMI Comment: Gold was up on Wednesday morning in Asia, with investors monitoring progress …

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Daily Market Analysis 25|11|2020: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell if price trades below 1794.48 with take profit at 1774.96. Bullish Preference:  A buy is envisaged when price trades above 1831.98 with take profit at 1865.14 Fundamentals:4:00pm    USD Revised UoM Consumer Sentiment8:00pm    USD FOMC Meeting Minutes Comment: Gold was down on Wednesday morning in Asia as investor risk appetite grows on vaccine hopes …

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Daily Market Analysis 22|09|2020: GOLD

Instrument: GOLD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1896.98 with take profit at 1880.93 Alternative scenario: Buy position is envisaged if price trades above 1923.74 with take profit at key level 1936.05 Fundamentals:3:30pm USD Fed Chair Powell Testifies Comment:  Earlier in the day during the Asian session, a stronger US dollar cracked gold’s …

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Daily Market Analysis 07|09|2020: OIL

Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 41.67 with take profit at 41.15 Alternative scenario: Buy position is envisaged if price trades above 44.00 with take profit at 44.30 Fundamentals:No major economic data with bearing on the commodity Comment: The commodity is envisaged to trade lower in today’s session as Oil …

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Daily Market Analysis 12|08|2020: GOLD

Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1902.51 with take profit at key level 1859.51  Alternative scenario: Buy if price trades above 1949.19 with take profit at 1986.04 Fundamentals:1:30pm USD CPI m/mUSD    Core CPI m/m Comment: Gold fell sharply on Wednesday morning in Asia, continuing losses from the previous sessions in …

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Daily Market Analysis 15|07|2020: GOLD

Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1810.29 with take profit at key level 1815.15. Alternative scenario: Sell if price trades below 1806.07 with take profit at 1801.21. Fundamentals:No fundamental with direct impact on the commodity. Comment: Gold was marginally down on Wednesday in Asia, reversing its earlier gains. But the …

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Daily Market Analysis 15|04|2020: AUDUSD

Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged at current price with take profit at 0.63325. * Alternative scenario: A Buy position is envisaged if price trades above 0.63325 with take profit at 0.63444 * Fundamentals:USD    Core Retail Sales m/mUSD    Retail Sales m/mUSD Empire State Manufacturing IndexUSD    Capacity Utilization Rate Comment: The U.S. dollar rose in …

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