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Daily Market Analysis 15/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1804.93 with take profit at price 1807.04. Bearish Preference: A sell position is envisaged if price trades below price 1798.86 with take profit at price 1796.75. Fundamentals: None with High Impact on the commodity Comment: Gold was down this morning in Asia, but remained above the $1,800-mark. …

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Daily Market Analysis 06/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1825.79 with take profit at price 1828.51. Bearish Preference: A sell position is envisaged if price trades below price 1821.85  with take profit at price 1819.29. Fundamentals: No major Fundamentals Comment: The US dollar is squeezing gently higher in US-holiday thinned trade Monday and has recovered all …

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Daily Market Analysis 03/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1817.36 with take profit at price 1818.77. Bearish Preference: A sell position is envisaged if price trades below price 1811.80 with take profit at price 1810.48. Fundamentals:1:30pm    USD    Average Hourly Earnings m/m                USD    Non-Farm Employment Change  …

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Daily Market Analysis 02/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1817.16 with take profit at 1818.59. Bearish Preference: Sell position is envisaged if price trades below 1812.36 with take profit at  1810.70 Fundamentals:1:30PM  USD Unemployment Claims6:00PM USD FOMC Member Bostic Speaks8:00PM USD FOMC Member Daly Speaks Comment: Gold finished another session unchanged for the 3rd …

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Daily Market Analysis 01/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1819.23  with take profit at 1821.87. Bearish Preference: Sell position is envisaged if price trades below 1809.52 with take profit at  1807.23 Fundamentals:1:15pm    USD ADP Non-Farm Employment Change3:00pm    USD ISM Manufacturing PMI Comment: Gold was down on Wednesday morning in Asia. Investors continued their cautious …

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Daily Market Analysis 30/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  1818.80 with Take profit at 1821.20. Bearish Preference: Sell position is envisaged if price trades below 1811.94 with take profit at 1809.18. Fundamentals:No major fundamental. Comment: Technically, Gold prices rose above critical resistance on Friday, clearing the key psychological level of $1,800 which continues to …

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Daily Market Analysis 24/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1807.70 with take profit at 1809.38. Bearish Preference: Sell position is envisaged if price trades below 1802.32 with take profit at 1800.62. Fundamentals:No major fundamentals Comment: Despite the U.S dollar showing signs of stability on Tuesday, gold traded above $1,800 per ounce. COVID-19 may be able to delay …

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Daily Market Analysis 20/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1788.72 with take profit at 1789.81. Bearish Preference: Sell position is envisaged if price trades below 1781.97 with take profit at 1780.54. Fundamentals:No major fundamental Comment: Gold was slightly higher Friday morning in Asia, with a stronger dollar taking some of the luster from a recent …

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Daily Market Analysis 18/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1797.04 with take profit at 1800.17. Bearish Preference: Sell position is envisaged if price trades below 1788.29 with take profit at 1786.20. Fundamentals:7:00pm    USD FOMC Meeting Minutes Comment: Gold was up on Wednesday morning in Asia. Investors turned towards the safe-haven yellow metal as increasing …

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Daily Market Analysis 17/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1796.58 with take profit at 1800.17. Bearish Preference: Sell position is envisaged if price trades below 1781.95 with take profit at 1778.27. Fundamentals:1:30pm    USD    Core Retail                                    Sales …

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