Instrument: GOLD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1765.44 with take profit at key level 1761.78. Alternative scenario: Buy if price trades above 1770.34 with take profit at 1775.05. Fundamentals:USD 1:30pmAverage Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Gold seen as a safe haven has always reacted negatively when sentiments in the …
Instrument: GOLD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1766.38 with take profit at 1774.80. Alternative scenario: Sell position is envisaged if price trades below 1757.60 with take profit at key level 1751.39. Fundamentals:No major economic data with direct bearing to this commodity Comment: The mixed sentiment among investors have made gold a major …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1737.15 with take profit at 1743.78. Alternative scenario: Sell position is envisaged if price trades below 1726.14 with take profit at 1717.77 Fundamentals:No major economic data with direct bearing on the commodity Comment: Gold traded higher yesterday after U.S Fed. Chairman stated interest rates were …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.38 with take profit at 44.00 Alternative scenario: Sell position is envisaged if price trades below 42.39 with take profit at 41.76 Fundamentals:No major economic data with direct bearing on the commodity Comment: Black gold is envisaged to benefit from the OPEC+ agreement on Saturday to extend the current …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 39.22 with take profit at 40.00 Alternative scenario: Sell position is envisaged if price trades below 38.05 with take profit at 37.37. Fundamentals:No major economic data with direct bearing on the commodity Comment: Black gold continued its recent recovery despite the rising US-China tensions. A …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1721.50 with take profit at 1727.00. Alternative scenario: Sell position is envisaged if price trades below 1713.45 with take profit at 1702.45 Fundamentals:1:30pm USD Prelim GDP q/q Comment: Despite global optimism on economic recovery from COVID 19, Tensions between the U.S and China escalates and outweighs sentiment. This …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 34.00 with take profit at 35.18 Alternative scenario: Sell position is envisaged if price trades below 33.14 with take profit at 32.00 Fundamentals:No major economic data with direct bearing on the commodity expected today Comment: Black gold gaped-up on opening for this trading week on the …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades ABOVE 1725 with take profit at 1740 Alternative scenario: Sell position is envisaged if price trades BELOW 1710 with take profit at 1698 Fundamentals:USD: 12:30pmCore Durable Goods Orders m/m Durable Goods Orders m/ Comment: Gold has been the most secure commodity to trade in the last set of weeks …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1722.86 with take profit at 1746.22 Alternative scenario: Sell if price trades below 1705.06 with take profit at 1690.04 Fundamentals:Unemployment Claims (USD) 1:30pmFlash Manufacturing PMI (USD) 2:45 pm Comment: The past few weeks have witnessed a tremendous gain on the precious metal gold; Due to the …
