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Daily Market Analysis 10/06/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1886.33 with take profit at 1889.32. Bearish Preference: Sell position is envisaged if price trades below 1875.49 with take profit at 1872.00. Fundamentals:USD   1:30PM    CPI m/m           1:30PM   Core CPI m/m      1:30PM   Unemployment Claims Comment: The yellow …

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Daily Market Analysis 09/06/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1897.03 with take profit at 1899.55. Bearish Preference: Sell position is envisaged if price trades below 1889.84 with take profit at 1886.96. Fundamentals:None with high impact on the commodity. Comment: Gold was up on Wednesday morning in Asia as investors digested mixed inflation data from …

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Daily Market Analysis 03|06|2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1899.84 with take profit at 1902.45. Bearish Preference: Sell position is envisaged if price trades below 1891.08 with take profit at 1889.06. Fundamentals:3:00pm USD ISM Services PMI Comment: Gold was down on Thursday morning in Asia, but remained near five-year highs. investors digested China’s Caixin services economic …

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Daily Market Analysis 01|06|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1.42442 with a take profit at price 1.42642. Bearish Preference: A Sell position is envisaged if price trades below 1.41602 with take profit at price 1.41412. Fundamentals:3:00pm    USD    ISM Manufacturing PMI4:00pm    GBP    BOE Gov Bailey Speaks Comment: The dollar weakened in early European trade Tuesday, slipping to …

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Daily Market Analysis 31|05|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 109.789 with take profit at price 109.860. Bearish Preference: A sell position is envisaged if price trades below price 109.573  with take profit at price 109.481. Fundamentals:No major fundamental. Comment: The dollar inched down, but traded near a two-month high against the yen, …

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Daily Market Analysis 21|05|2021: US100

Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 13563.26 with take profit at 13587.05. Bearish Preference: Sell position is envisaged if price trades below 13486.18 with take profit at 13460.77. Fundamentals:2:45 PM  USD    Flash Manufacturing PMI Comment: U.S. stocks are seen opening marginally higher Friday, continuing the previous session’s rebound ahead of …

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