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Daily Market Analysis 12.09.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A buy position is envisaged if price trades above 1728.98 with take profit at 1730.43 Bearish Preference: A sell position is envisaged if price trades below price 1722.88 with take profit at 1721.55 Fundamentals:No major fundamental Comment: Gold prices inched higher on Monday, retaining mild gains from last week as the dollar fell further from 20-year …

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Daily Market Analysis 30.08.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1.00334 with take profit at 1.00517 Bearish Preference: A Sell position is envisaged if price trades below price 1.00056 with take profit at 0.99957 Fundamentals:3:00pm Consumer Confidence JOLTS Job Openings Comment:The price of gold slips to a fresh monthly low ($1720) as it carves a series …

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Daily Market Analysis 30.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1738.41 with take profit at 1740.35 Bearish Preference: A Sell position is envisaged if price trades below price 1728.11 with take profit at 1726.20 Fundamentals:No major fundamental Comment: The price of gold slips to a fresh monthly low ($1720) as it carves a series of lower highs …

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Daily Market Analysis 29.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1726.16 with take profit at  1729.31 Bearish Preference: A Sell position is envisaged if price trades below price 1718.32 with take profit at 1715.33 Fundamentals:No major fundamental Comment: Gold bulls hoping to creep closer to $1,800 an ounce found themselves more than $50 below that target at …

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Daily Market Analysis 23.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1741.50 with take profit at  1744.47 Bearish Preference: A Sell position is envisaged if price trades below price 1741.50 with take profit at  1744.47 Fundamentals:None with high impact.        Comment:Gold and Silver prices came under selling pressure to start the new trading week. Taking …

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Daily Market Analysis 09.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1790.75 with take profit at  1792.24 Bearish Preference: Sell position is envisaged if price trades  below 1781.83 with take profit at 1780.37 Fundamentals:No major fundamental Comment:Unlike the price action in June, gold attempts to push above the moving average as it retraces the decline following the US …

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Daily Market Analysis 04.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1776.30 with take profit at 1781.83 Bearish Preference: Sell position is envisaged if price trades  below 1769.10 with take profit at  1763.70 Fundamentals:1:30PM USD Unemployment Claims5:00PM USD FOMC Member Mester Speaks Comment:Gold prices edged higher on Thursday, with most other precious metals marking small gains after a rally …

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Daily Market Analysis 27.07.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1728.99 with take profit at  1734.43 Bearish Preference: Sell position is envisaged if price trades  below 1719.11 with take profit at 1714.83 Fundamentals:7:00pm    USD   FOMC Statement                        USD   Federal Funds Rate7:30pm    USD …

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Daily Market Analysis 22.07.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1722.42 with take profit at  1723.93 Bearish Preference: Sell position is envisaged if price trades  below 1711.28 with take profit at 1709.21 Fundamentals:2:45pm USD Flash Services PMI Comment:Gold steadied after posting its biggest gain in more than a month as investors weighed renewed concerns over economic growth …

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Daily Market Analysis 21.07.2022: GOLD

Instrument: Gold  Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1694.77 with take profit at 1698.74 Bearish Preference: Sell position is envisaged if price trades  below 1687.90 with take profit at 1684.79 Fundamentals:1:30pm    USD Philly Fed Manufacturing Index                USD Unemployment Claims Comment:Gold Down and fell to the lowest in nearly …

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