Daily Market Analysis 14.03.2023: GOLD

Instrument: GOLD 

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 1908.84 with take profit at  1912.61
Bearish Preference: 
A Sell position is envisaged if the price trades below 1898.87 with take profit at 1894.29
 2:30PM     USD:  CPI m/m
              Core CPI m/m   

Gold made a six-week high overnight as the fallout from the failure of Silvergate Financial Corp., SVB Financial and Signature Bank continues to ricochet through markets. The US Dollar has been hit hard, undermined by the Treasury yields protracted retreat with the 2-year note trading more than 100 basis points lower from its 15-year peak above 5% last week, touching 3.94% yesterday.

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Your email address will not be published.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