Daily Market Analysis 16.03.2023: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 1925.80 with take profit at 1933.12
Bearish Preference: 
A Sell position is envisaged if the price trades below 1914.12 with take profit at  1908.86
1:30pm USD Unemployment Claims

European stock futures surge higher; Credit Suisse shores up position European stock markets are expected to open firmly higher Thursday as embattled lender Credit Suisse moved to shore up its liquidity position ahead of a European Central Bank policy-setting meeting. Credit Suisse (SIX:CSGN) announced late Wednesday plans to borrow as much as CHF 50 billion ($1 = CHF 0.9297) from the Swiss National Bank, a move the Swiss bank described as “decisive action to pre-emptively strengthen its liquidity”. The bank’s shares plummeted to a record low on Wednesday as its main investor, Saudi National Bank, said it was unable to provide more funding to the lender, which has struggled with hefty customer outflows after a string of scandals in recent years.  It also followed the recent collapse of three U.S. regional banks, most notably Silicon Valley Bank.

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Your email address will not be published.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