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Daily Market Analysis 10|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1838.06 with take profit at 1832.48 Bullish Preference: Buy is envisaged if price trades above 1847.30 with take profit at 1851.12. Fundamentals:2:30pm USD CPI m/m Comment: Gold was up on Wednesday morning in Asia, with a weak dollar and growing expectation of further U.S. stimulus measures continuing …

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Daily Market Analysis 09|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1834.19 with take profit at 1832.70. Bullish Preference: Buy is envisaged if price trades above 1844.67 with take profit at 1846.46. Fundamentals:No major fundamentals Comment: Gold was steady after the biggest two-day gain in a month as investors weighed prospects for more stimulus in the U.S. and …

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Daily Market Analysis 03|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1834.29 with take profit at 1830.64. Bullish Preference: Buy is envisaged if price trades above 1845.62 with take profit at 1850.27. Fundamentals:4:00pm USD ISM Services PMI Comment: Gold was up on Wednesday morning in Asia, amid growing hopes of further U.S. stimulus measures.Democrat lawmakers in the …

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Daily Market Analysis 02|02|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1845.65 with take profit at 1843.84. Bullish Preference: Buy is envisaged if price trades above 1859.06 with take profit at 1860.87. Fundamentals:No Major Fundamental Comment: Markets were buoyant ahead of negotiations Tuesday between U.S. President Joe Biden and Republican senators on a new COVID support bill. …

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Daily Market Analysis 29|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1838.93 with take profit at 1835.33. Bullish Preference: Buy is envisaged if price trades above 1852.01 with take profit at 1857.53. Fundamentals:No major fundamentals Comment: After a week trending downwards, gold was up Friday morning in Asia as investors waited for news from the U.S. on a …

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Daily Market Analysis 28|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1832.27 with take profit at 1823.53. Bullish Preference: Buy is envisaged if price trades above 1839.95 with take profit at 1844.21. Fundamentals:Advance GDP q/q  2:30pm USD Comment: Gold has been weighed down drastically recently and this is major because of the increase in the strength of the …

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Daily Market Analysis 26|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1845.90 with take profit at 1834.99. Bearish Preference: Buy is envisaged if price trades above 1858.60 with take profit at 1865.55 Fundamentals:USD CB Consumer Confidence 4PM Comment: The White House says there’s an “urgency” to passing President Joe Biden’s $1.9 trillion stimulus plan. But the market remains …

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Daily Market Analysis 19|01|2021: GOLD

Instrument: GOLD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1834.54 with take profit at 1830.80 Bullish Preference: Buy is envisaged if price trades above 1846.27 with take profit at 1851.60 Fundamentals:No Major Fundamentals Comment: Gold was up on Tuesday morning in Asia, climbing back up from the one-and-a-half-month low seen during the previous session, as hopes …

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Daily Market Analysis 14|01|2021: US30

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 …

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Daily Market Analysis 13|01|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1875.86 with take profit at 1889.77 Bearish Preference: Enter a Sell position if price trades below 1843.81 with take profit at 1830.74 Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold was up on Wednesday morning in Asia, with both the dollar and U.S. Treasury yields …

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