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Daily Market Analysis 17.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1823.61 with take profit at 1825.84. Bearish Preference: Sell position is envisaged if price trades below 1820.40 with take profit at 1818.08. Fundamentals:No major fundamental Comment: Gold held steadily during Monday’s APAC session after gaining 1.6% over the past week. A slew of upbeat economic …

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Daily Market Analysis 14.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1824.50 with take profit at 1825.79. Bearish Preference: Sell position is envisaged if price trades below 1819.75 with take profit at 1818.42. Fundamentals:2:30pm USD Retail Sales Comment: Gold was up on Friday morning in Asia and was set for its best weekly gain since November …

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Daily Market Analysis 12.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1824.38 with take profit at 1827.88. Bearish Preference: Sell position is envisaged if price trades below 1813.55 with take profit at 1811.15. Fundamentals:2:30pm USD Core CPI Comment: Gold was up on Wednesday morning in Asia. Investors shifted their focus to U.S. inflation data for interest rate …

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Daily Market Analysis 10.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1802.44 with take profit at 1804.48 . Bearish Preference: Sell position is envisaged if price trades below 1797.11 with take profit at 1795.16 Fundamentals:No major fundamental Comment: Gold was relatively stable even though the US Dollar tumbled on Friday. The US Dollar index (DXY) was down 0.52% …

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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 03.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1825.93 with take profit at 1827.78 . Bearish Preference: Sell position is envisaged if price trades below 1821.44 with take profit at 1819.59 . Fundamentals:No Major Fundamental Comment: With higher vaccine efficacy shown by the Johnson & Johnson offering, the seriousness of the Omicron variant has …

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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 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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