Instrument: GOLD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1896.98 with take profit at 1880.93 Alternative scenario: Buy position is envisaged if price trades above 1923.74 with take profit at key level 1936.05 Fundamentals:3:30pm USD Fed Chair Powell Testifies Comment: Earlier in the day during the Asian session, a stronger US dollar cracked gold’s …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1955.00 with take profit at 1958.60. Alternative scenario: Sell position is envisaged if price trades below 1949.00 with take profit at key level at 1945.00. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Gold gained massive strength earlier Friday morning due …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1945.00 with take profit at 1950.00 Alternative scenario: Sell position is envisaged if price trades below 1939.00 with take profit at key level at 1933.00 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims Comment: The strength …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1932 with take profit at 1940 Alternative scenario: Sell position is envisaged if price trades below 1921 with take profit at key level at 1913. Fundamentals:No major economic data with direct bearing to this commodity Comment: Gold has been trying to recover from its …
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1902.51 with take profit at key level 1859.51 Alternative scenario: Buy if price trades above 1949.19 with take profit at 1986.04 Fundamentals:1:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold fell sharply on Wednesday morning in Asia, continuing losses from the previous sessions in …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 2076.07 with take profit at 2087 Alternative scenario: Sell position is envisaged if price trades below 2050.00 with take profit at key level at 2030 Fundamentals:USD 1:30PM Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate Comment: Sino-Us trade tensions and the mixed data …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1876.80 with take profit at 1884.72. Alternative scenario: Sell position is envisaged if price trades below 1866.22 with take profit at key level 1860.50. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Gold keeps on reaching new unprecedented highs it last …
Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1803.05 with take profit at key level 1800.50. Alternative scenario: Buy if price trades above 1808.05 with take profit at 1813.02. Fundamentals:USD 1pmCore Retail Sales m/mRetail Sales m/m Comment: Gold is expected to trade bearish after news of more COVID vaccine tests have been …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1810.29 with take profit at key level 1815.15. Alternative scenario: Sell if price trades below 1806.07 with take profit at 1801.21. Fundamentals:No fundamental with direct impact on the commodity. Comment: Gold was marginally down on Wednesday in Asia, reversing its earlier gains. But the …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1804.72 with take profit at key level 1810.84. Alternative scenario: Sell if price trades below 1790.54 with take profit at 1781.35. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: The yellow metal has seen its price spike due to market instability …
