Instrument: GOLD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1847.77 with take profit at 1862.62. Bearish Preference: Sell is envisaged if price trades below 1827.27 with take profit at 1800.00. Fundamentals:Fed Chair Powell Speaks USD 6:30pm Comment: Gold has been seen trading and ranging around the verified support zone and the previous bearish move was after the …
Instrument: DE30 Technical Analysis Bullish Preference: Buy is envisaged if price trades above 13968.90 with take profit at 13982.50. Bearish Preference: Sell is envisaged if price trades below 13983.80 with take profit at 13933.80. Fundamentals:No Major Fundamentals Comment: Germany reported an increase in coronavirus cases even as most of Europe was under the strictest restrictions, worldwide coronavirus cases surpassed …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1921.53 with take profit at key level 1930.92. Alternative scenario: Sell position if price trades below 1907.92 with the take profit at 1899.67. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: We see that the dollar and gold does have some …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.28 with take profit at 40.56. Alternative scenario: Sell position is envisaged if price trades below 39.74 with take profit at 39.24. Fundamentals:No major economic data with bearing on the commodity Comment: The commodity has been pressured recently by the apparent glut in the …
Instrument: GOLD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1879.64 with take profit at 1869.65. Alternative scenario: Buy position is envisaged if price trades above 1902.90 with take profit at key level 1915.99 Fundamentals:None with direct impact on the commodity Comment: Gold was down on Wednesday morning over a strengthening dollar and cautious …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: BUY position is envisaged if price trades above 42.18 with take profit at 42.41 Alternative scenario: SELL position is envisaged if price trades below 42.07 with take profit at 41.92 Fundamentals:None with direct impact on the commodity Comment: The commodity has been pressured recently by the rising number of cases around the world dampening …
Instrument: GOLD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 1896.98 with take profit at 1880.93 Alternative scenario: Buy position is envisaged if price trades above 1923.74 with take profit at key level 1936.05 Fundamentals:3:30pm USD Fed Chair Powell Testifies Comment: Earlier in the day during the Asian session, a stronger US dollar cracked gold’s …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 42.31 with take profit at 41.86. Alternative scenario: Buy position is envisaged if price trades above 42.69 with take profit at 43.30. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Black gold is envisaged to trade lower as the potential return …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1955.00 with take profit at 1958.60. Alternative scenario: Sell position is envisaged if price trades below 1949.00 with take profit at key level at 1945.00. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Gold gained massive strength earlier Friday morning due …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades above 39.23 with take profit at key level 38.89. Alternative scenario: Buy if price trades above 39.63 with take profit at 40.04. Fundamentals:No major economic data with bearing on the commodity. Comment: Energy prices has been tanking and this can be due to the fact …
