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Daily Market Analysis 28|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1832.27 with take profit at 1823.53. Bullish Preference: Buy is envisaged if price trades above 1839.95 with take profit at 1844.21. Fundamentals:Advance GDP q/q  2:30pm USD Comment: Gold has been weighed down drastically recently and this is major because of the increase in the strength of the …

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Daily Market Analysis 28|01|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Enter a Sell position if price trades below 1.20561 with take profit at 1.20180. Bullish Preference: Buy position is envisaged if price trades above 1.21048 with a take profit 1.21682. Fundamentals:Advance GDP q/q  2:30pm USD Comment: The dollar gained massive strength yesterday after the federal reserve meeting where we saw Jerome Powell stating …

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Daily Market Analysis 14|01|2021: US30

Instrument: GOLD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1847.77 with take profit at 1862.62. Bearish Preference: Sell is envisaged if price trades below 1827.27 with take profit at 1800.00. Fundamentals:Fed Chair Powell Speaks USD 6:30pm Comment: Gold has been seen trading and ranging around the verified support zone and the previous bearish move was after the …

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Daily Market Analysis 14|01|2021: US30

Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 31157 with take profit at 31170. Bearish Preference: Sell position is envisaged if price trades below the 30825 with take profit at 30810. Fundamentals:2:30pm USD Import m/mUSD Unemployment Claims Comment: Equities remain supported by the prospect of more fiscal aid for the economy from the …

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Daily Market Analysis 26|11|2020: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1821.00 with take profit at 1830.00 Bearish Preference:  Sell position is envisaged if price trades below 1800.00 with take profit at 1790.00 Fundamentals:No major economic data with direct bearing to this commodity. Comment: Gold has seen positive reactions today and this is majorly due to the loss …

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Daily Market Analysis 19|11|2020: OIL

Instrument: OIL Technical Analysis Bullish Preference: Buy if price trades above 45.25 with take profit at 45.40. Bearish Preference: A sell is envisaged when price trades below 43.31 with take profit at 42.95 Fundamentals:No Major fundamental(s). Analysis: SCRUM Team

Daily Market Analysis 10|09|2020: GOLD

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 …

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