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Daily Market Analysis 27|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1904.67 with take profit at 1908.70. Bearish Preference: Sell position is envisaged if price trades below 1896.20 with take profit at 1892.4. Fundamentals:1:30PM USD Prelim GDP q/q              USD Unemployment Claims3:30pm USD Pending Home Sales m/m Comment: Investors continue to monitor how the U.S. Federal …

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Daily Market Analysis 20|05|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1875.86 with take profit at 1878.32. Bearish Preference: Sell position is envisaged if price trades below 1869.04 with take profit at 1866.05. Fundamentals:1:30 pm  USD  Philly Fed Manufacturing Index Unemployment Claims Comment: Gold was down on Thursday morning in Asia but remained just below the four-month …

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Daily Market Analysis 10|05|2021: OIL

Instrument: OILs Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above  69.06 with a take profit at price 69.19. Bearish Preference: A Sell position is envisaged if price trades below price 68.48 with a take profit at price 68.20. Fundamentals:No major fundamental.  Comment:  Crude oil prices edged higher during the Asia-Pacific mid-day session as a …

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