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Daily Market Analysis 11.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1998.19 with take profit at 2003.03. Bearish Preference: Sell position is envisaged if price trades below 1979.50 with take profit at 1975.58. Fundamentals:No major fundamental Comment: Gold was down on Friday morning in Asia, with U.S. Treasury yields gaining over the latest U.S. inflation report. However, it was …

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Daily Market Analysis 09.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 2023.64 with take profit at 2026.64. Bearish Preference: Sell position is envisaged if price trades below 1998.64 with take profit at 1996.95. Fundamentals:4:00pm USD JOLTS Job Openings Comment: Gold on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting …

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Daily Market Analysis 08.03.2022: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 13503.16 with take profit at 13585.95. Bearish Preference: A Sell position is envisaged if price trades below 13222.27 with take profit at 13153.89 Fundamentals:No major Fundamental  Comment: World stocks held at a one-year low on Tuesday, while gold climbed above the key $2,000 level, as the prospect …

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Daily Market Analysis 08.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 2028.08 with take profit at 2035.25. Bearish Preference: Sell position is envisaged if price trades below 2009.34 with take profit at 2002.45. Fundamentals:No major Fundamental Comment: Gold prices are attempting to mark a sixth-consecutive weekly advance with a breakout in XAU/USD surging more than 12.4% off the …

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Daily Market Analysis 07.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1991.46 with take profit at 1995.03. Bearish Preference: A Sell position is envisaged if price trades below 1970.87 with take profit at 1964.34. Fundamentals:No major Fundamental  Comment: Gold made an 18-month high as markets reeled on Monday. The implications of a US ban on Russian oil imports …

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Daily Market Analysis 04.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1953.22 with take profit at 1956.68. Bearish Preference: Sell position is envisaged if price trades below 1939.76 with take profit at 1935.48. Fundamentals:2:30pm USD Average Hourly Earnings m/mUSD Non-Farm Employment ChangeUSD Unemployment Rate Comment: European stock markets are expected to open sharply lower Friday amid signs the …

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Daily Market Analysis 03.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1934.94 with take profit at 1942.69. Bearish Preference: Sell position is envisaged if price trades below 1924.26 with take profit at 1916.79. Fundamentals:2:30pm        USD   Unemployment Claims4:00pm        USD   Fed Chair Powell Testifies         USD   ISM …

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Daily Market Analysis 02.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1944.01 with take profit at 1947.79 . Bearish Preference: Sell position is envisaged if price trades below 1934.65 with take profit at 1929.42. Fundamentals:2:15pm USD ADP Non-Farm Employment Change4PM USD Fed Chair Powell Testifies Comment: Jittery markets once again came to the rescue of gold, helping the …

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Daily Market Analysis 28.02.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1911.95 with take profit at 1916.44. Bearish Preference: Sell position is envisaged if price trades below 1895.54 with take profit at 1889.88. Fundamentals:No major Fundamental. Comment: We saw last week  second largest gold upper wick (denoting intraday reversal) on record. What is remarkable is that this recovery …

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Daily Market Analysis 25.02.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1908.18 with take profit at 1912.17. Bearish Preference: Sell position is envisaged if price trades below 1897.29 with take profit at 1893.15. Fundamentals:2:30pm USD Core PCE Price Index m/m Comment: Gold had a frenetic session overnight, trading in a nearly USD 100 range, rising from USD 1910.00 …

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