Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1875.86 with take profit at 1889.77 Bearish Preference: Enter a Sell position if price trades below 1843.81 with take profit at 1830.74 Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold was up on Wednesday morning in Asia, with both the dollar and U.S. Treasury yields …
Instrument: US30 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 31053 with take profit at 31112. Bearish Preference: Enter a Sell position if price trades below 30948 with take profit at 30832. Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: U.S. stocks finished Tuesday trading higher but the Dow missed booking its first record peak …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1953.80 with take profit at 1955.80. Bearish Preference: Enter a Sell position if price trades below 1940.18 with take profit at 1938.18. Fundamentals:8:00pm USD FOMC Meeting Minutes. Comment: Gold was down on Wednesday morning in Asia, with investors awaiting the results of a U.S. Senate runoff …
Instrument: US30 Technical Analysis Bullish Preference: Buy if price trades above 30233 with take profit at 30283. Bearish Preference: A sell is envisaged when price trades below 30143 with take profit at 30091. Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m3:45pm USD Flash Manufacturing PMI Comment: The Dow on Tuesday afternoon notched its best finish since around Thanksgiving as …
Instrument: GOLD Technical Analysis Bullish Preference: Buy if price trades above 1859.28 with take profit at 1862.15. Bearish Preference: A sell is envisaged when price trades below 1849.26 with take profit at 1847.91. Fundamentals:2:30pm USD Core Retail Sales m/mUSD Retail Sales m/m3:45pm USD Flash Manufacturing PMI Comment: Gold was up on Wednesday morning in Asia, with investors monitoring progress …
Instrument: GOLD Technical Analysis Bearish Preference: Sell if price trades below 1794.48 with take profit at 1774.96. Bullish Preference: A buy is envisaged when price trades above 1831.98 with take profit at 1865.14 Fundamentals:4:00pm USD Revised UoM Consumer Sentiment8:00pm USD FOMC Meeting Minutes Comment: Gold was down on Wednesday morning in Asia as investor risk appetite grows on vaccine hopes …
Instrument: US30 Technical Analysis Bearish Preference: A sell is envisaged when price trades below 29419 with take profit at 29110. Bullish Preference: Buy if price trades above 29739 with take profit at 29882. Fundamentals:No Major fundamental(s). Comment: The Dow cut some losses but ended lower Tuesday, as investors digested data showing signs of weakness in the U.S. consumer, while …
Instrument: GOLD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1879.64 with take profit at 1869.65. Alternative scenario: Buy position is envisaged if price trades above 1902.90 with take profit at key level 1915.99 Fundamentals:None with direct impact on the commodity Comment: Gold was down on Wednesday morning over a strengthening dollar and cautious …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.13 with take profit at key level 40.94. Alternative scenario: Sell if price trades above 39.03 with take profit at 38.15. Fundamentals:No major economic data with bearing on the commodity Comment: Oil prices declined as there was decline in demand for crude oil products. …
Instrument: USDCAD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.31415 with take profit at key level 1.31584 Alternative scenario: Sell position is envisaged if price below 1.31008 with take profit at 1.30788 Fundamentals:No major economic data with bearing on the pair. Comment: The loonie pair marks the second day of run-up as market sentiment favors …
