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Daily Market Analysis 19/07/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1807.54 with take profit at 1809.85. Bearish Preference: Sell position is envisaged if price trades below 1797.86 with take profit at 1794.32. Fundamentals:No major fundamental. Comment: Gold prices fell alongside stocks on Friday as a disappointing US consumer confidence survey from the University of Michigan sent markets scrambling. …

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Daily Market Analysis 09/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1808.89 with take profit at 1813.04. Bearish Preference: Sell position is envisaged if price trades below 1797.16 with take profit at 1794.36 . Fundamentals:All Day        G20 Meetings Comment: Concerns over slowing global economic growth, coupled with fears over Covid flareups, particularly in Europe and Asia, …

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Daily Market Analysis 07/07/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1816.53 with take profit at 1819.57. Bearish Preference: Sell position is envisaged if price trades below 1803.15 with take profit at 1799.32. Fundamentals:7:00 pm USD FOMC Meeting Minutes Comment: Gold was up on Wednesday morning in Asia after hitting a three-week high during the previous session. A weakening …

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Daily Market Analysis 05/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1795.41 with take profit at 1798.10. Bearish Preference: Sell position is envisaged if price trades below 1787.16 with take profit at 1784.45. Fundamentals:No major fundamental. Comment: Gold prices traded modestly higher during Monday’s APAC session, as a weaker US Dollar and lower yields bolstered the appeal of the yellow …

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Daily Market Analysis 02/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1790.10 with take profit at 1792.50. Bearish Preference: Sell position is envisaged if price trades below 1780.96 with take profit at 1778.88. Fundamentals:1:30pm    USD    Average Hourly Earnings m/m                USD Non-Farm Employment Change                USD   …

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Daily Market Analysis 01/07/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1780.02 with take profit at 1782.27. Bearish Preference: Sell position is envisaged if price trades below 1771.91 with take profit at 1769.54. Fundamentals:USD 1:30 PM Unemployment Claims         3:30 PM ISM Manufacturing PMI Comment: The dollar was headed for its biggest monthly rise …

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Daily Market Analysis 25/06/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1789.00 with take profit at 1792.99. Bearish Preference: Sell position is envisaged if price trades below 1771.17 with take profit at 1768.05. Fundamentals:USD 1:30PM  Core PCE Price Index m/mUSD 3:00PM   Revised UoM Consumer Sentiment Comment: Gold was up on Friday morning in Asia as …

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Daily Market Analysis 23/06/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1785.90 with take profit at 1789.39. Bearish Preference: Sell position is envisaged if price trades below 1778.50 with take profit at 1775.00. Fundamentals:2:45pm   USD Flash Manufacturing PMI               USD Flash Services PMI Comment: Gold was up on Wednesday morning in Asia …

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Daily Market Analysis 22/06/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1797.90 with take profit at 1807.41. Bearish Preference: Sell position is envisaged if price trades below 1772.40 with take profit at 1766.77. Fundamentals:7:00pm    USD    Fed Chair Powell Testifies Comment: Gold was up on Tuesday morning in Asia against the dollar’s fall below the $92 mark. Investors digested comments …

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