Daily Market Analysis 31/08/2021: GOLD

Instrument: GOLD

Technical Analysis
Bullish Preference: 
Buy position is envisaged if price trades above  1817.04 with take profit at 1818.89.
Bearish Preference: 
Sell position is envisaged if price trades below 1810.47 with take profit at 1809.03.
2:45pm USD Chicago PMI
3:00pm USD CB Consumer Confidence

Comment: Gold was up on Tuesday morning in Asia, with a weakening dollar giving the yellow metal a boost. Investors are now looking to U.S. economic data due later in the week to gains clues to when the U.S. Federal Reserve will begin asset tapering.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Wishlist 0
Open wishlist page Continue shopping