fbpx

Daily Market Analysis 21/09/2021:

Instrument: GOLD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1775.75 with take profit at 1778.80.
Bearish Preference: 
Sell position is envisaged if price trades below 1765.31 with take profit at 1762.58.
Fundamentals: No Major Fundamental.

Comment: U.S. stocks are seen opening sharply higher Tuesday, bouncing back from the previous session’s major selloff, ahead of the start of the Federal Reserve’s latest policy-setting meeting. The main equity indices sold off aggressively Monday, weighed by concerns about contagion from Chinese property giant China Evergrande Group’s (HK:3333) debt crisis, political difficulties surrounding the passing of President Joe Biden’s economic agenda and lingering Covid-19 issues – not to mention the Fed meeting.

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Your email address will not be published.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
Compare
Wishlist 0
Open wishlist page Continue shopping