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Daily Market Analysis 05.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1819.65 with take profit at 1822.57. Bearish Preference: Sell position is envisaged if price trades below 1810.66 with take profit at 1807.86. Fundamentals:2:15pm USD ADP Non-Farm Employment Change8:00pm USD FOMC Meeting Minutes Comment: Gold was up on Wednesday morning in Asia ahead of the minutes from …

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Daily Market Analysis 04.01.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 79.21 with take profit at 79.55. Bearish Preference: Sell position is envisaged if price trades below 78.54 with take profit at 78.33. Fundamentals:All Day All OPEC-JMMC Meetings Comment: Oil was up on Tuesday morning in Asia, but moves were small ahead of a major producers’ meeting …

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Daily Market Analysis 30/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1802.24 with take profit at 1804.33. Bearish Preference: Sell position is envisaged if price trades below 1795.27 with take profit at 1792.89. Fundamentals:No Major Fundamental Comment: Gold was down on Thursday morning in Asia as investors continue to monitor the implication of the omicron COVID-19 variant …

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Daily Market Analysis 29/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1809.69 with take profit at 1811.44. Bearish Preference: Sell position is envisaged if price trades below 1801.86 with take profit at 1800.19. Fundamentals:No Major Fundamental Comment: Gold was down on Wednesday morning in Asia, with falling U.S. Treasury yields countering the impact from slightly improved risk …

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Daily Market Analysis 28/12/2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.34479 with take profit at 1.34661. Bearish Preference: Sell position is envisaged if price trades below 1.34186 with take profit at 1.33998. Fundamentals:No Major Fundamental Comment: The dollar was up on Tuesday morning in Asia. Meanwhile, the yen traded near a one-month low to the U.S. …

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Daily Market Analysis 20/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1804.75 with take profit at 1807.31. Bearish Preference: Sell position is envisaged if price trades below 1796.01 with take profit at 1791.67. Fundamentals:No major fundamental Comment: Gold was down on Monday morning in Asia as the Fed signaled an earlier interest rate hike, while fears …

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Daily Market Analysis 15/12/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference:Buy position is envisaged if price trades above 1771.89 with take profit at 1773.79. Bearish Preference: Sell position is envisaged if price trades below 1764.94 with take profit at 1762.62. Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m8:00pm USD FOMC Economic Projections Comment: Gold was down on Wednesday morning in Asia, as …

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Daily Market Analysis 13/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1786.65 with take profit at 1788.34. Bearish Preference: Sell position is envisaged if price trades below 1782.04 with take profit at 1780.34. Fundamentals:6:00pm GBP Bank Stress Test Results6:30pm GBP BOE Gov Bailey Speaks Comment: Gold was up on Monday morning in Asia, as investors await key …

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Daily Market Analysis 10/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades 1776.08 above with take profit at 1778.07. Bearish Preference: Sell position is envisaged if price trades below 1769.13 with take profit at 1767.32. Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold had another uninspiring night as it remains marooned in a USD 1770.00 to USD …

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Daily Market Analysis 08/12/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 113.579 with take profit at 113.674. Bearish Preference: Sell position is envisaged if price trades below 113.258 with take profit at 113.152. Fundamentals:4:00pm USD JOLTS Job Openings Comment: The dollar was down on Wednesday morning in Asia also, global equity markets and oil prices surged on …

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