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APAC session

Daily Market Analysis 17.01.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1823.61 with take profit at 1825.84. Bearish Preference: Sell position is envisaged if price trades below 1820.40 with take profit at 1818.08. Fundamentals:No major fundamental Comment: Gold held steadily during Monday’s APAC session after gaining 1.6% over the past week. A slew of upbeat economic …

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Daily Market Analysis 16/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1784.37 with take profit at 1788.50. Bearish Preference: Sell position is envisaged if price trades below 1769.73 with take profit at 1765.14. Fundamentals:No major fundamental. Comment: Gold held steadily during Tuesday’s APAC session after gaining 2.9% over the last three trading days. Risk sentiment turned sour …

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Daily Market Analysis 05/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1795.41 with take profit at 1798.10. Bearish Preference: Sell position is envisaged if price trades below 1787.16 with take profit at 1784.45. Fundamentals:No major fundamental. Comment: Gold prices traded modestly higher during Monday’s APAC session, as a weaker US Dollar and lower yields bolstered the appeal of the yellow …

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Daily Market Analysis 14/06/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1876.82 with take profit at 1880.96. Bearish Preference: Sell position is envisaged if price trades below 1847.87 with take profit at 1844.40. Fundamentals:No major Fundamentals Comment: Gold prices extended lower during Monday’s APAC session after falling 1.14% on Friday, as the US Dollar climbed alongside longer-dated Treasury …

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