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gold

Daily Market Analysis 26|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1780.60 with a take profit at price 1783.71. Bearish Preference: A Sell position is envisaged if price trades below price 1772.54 with a take profit at price 1769.57. Fundamentals:No major fundamental.  Comment:  The price of gold pulls back from a fresh monthly high ($1798) …

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Daily Market Analysis 19|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above  1779.34 with a take profit at price 1783.50. Bearish Preference: A Sell position is envisaged if price trades below price 1767.56 with a take profit at price 1764.32. Fundamentals:No major Fundamental Comment: In recent time Gold has the potential of making a higher move due to …

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Daily Market Analysis 13|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged  if price trades above 1732.69 with take profit at 1735.02. Bearish Preference: Sell position is envisaged if price trades below 1724.08 with take profit at 1721.95. Fundamentals:1:30pm   USD    CPI m/m                  USD    Core CPI m/m Comment: Everything now rests with this evening’s US inflation …

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Daily Market Analysis 12|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  1746.64 with a take profit at price 1751.52. Bearish Preference: A Sell position is envisaged if price trades below price 1736.53 with take profit at price 1732.05. Fundamentals:No major Fundamental  Comment:  Gold was down on Friday morning in Asia but was hovering close to …

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Daily Market Analysis 07|04|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1747.45 with take profit at 1753.20. Bearish Preference: Sell position is envisaged if price trades below 1728.56 with take profit at 1725.70. Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: After strong gains in the previous session, gold is trading on the back foot, pulled lower by the upbeat …

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Daily Market Analysis 23|03|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1741.78 with take profit at 1744.09. Bearish Preference: Sell position is envisaged if price trades below 1733.26 with take profit at 1731.19 Fundamentals:3:00pm USD Fed Chair Powell Speaks Comment: Gold was down on Tuesday morning in Asia as the dollar strengthened, and fresh COVID-19 restrictive measures …

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Daily Market Analysis 22|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below price 1725.82 with take profit at price 1721.64 Bullish Preference: A Buy position is envisaged if price trades above  1733.10 with a take profit at price 1737.42. Fundamentals:2:00pm USD Fed Chair Powell Speaks Comment: Gold prices slipped on Monday as investors opted for alternative …

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Daily Market Analysis 16|03|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1731.55 with take profit at 1733.40. Bearish Preference: Sell position is envisaged if price trades below 1727.50 with take profit at 1724.26 Fundamentals:1:30pm USD Core Retail Sales m/m              USD Retail Sales m/m Comment: The gold market is clearly expecting the …

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Daily Market Analysis 15|03|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference:  Sell position is envisaged if price trades below 1719.50 with take profit at 1714.57. Bullish Preference: Buy position is envisaged if price trades above 1729.42 with take profit at 1736.00. Fundamentals:No major fundamentals Comment: Gold prices erased early gains on Monday as hopes of a faster economic recovery for the U.S got a boost. …

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