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Daily Market Analysis 21.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above  1839.85 with take profit at  1840.78 Bearish Preference: Sell position is envisaged if price trades below price1835.98 with take profit at 1834.84 Fundamentals:No Major Fundamental Comment:Gold was down on Tuesday morning in Asia as the U.S. dollar eased, while investors monitored posturing from major central banks …

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Daily Market Analysis 20.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1846.53 with take profit at 1848.49 Bearish Preference: Sell position is envisaged if price trades  below 1837.08 with take profit at 1835.10 Fundamentals:No Major Fundamental Comment: Gold was up on Monday morning in Asia as the U.S. dollar weakened ahead of a U.S. holiday. Gold wrapped up the …

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Daily Market Analysis 17.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1851.48 with take profit at 1853.13 Bearish Preference: Sell position is envisaged if price trades below price 1845.21 with take profit at 1843.34 Fundamentals:1:45pm USD Fed Chair Powell Speaks Comment:Gold was down on Friday morning in Asia, as the U.S. dollar and U.S. Treasury yields clawed …

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Daily Market Analysis 14.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1834.57 with take profit at  1837.00 Bearish Preference: Sell position is envisaged if price trades below price 1826.15 with take profit at 1824.53 Fundamentals:USD:   1:30pm      PPI m/m Comment:Gold prices collapsed during Monday’s Wall Street session as traders returned after a weekend of …

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Daily Market Analysis 07.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1848.17 with take profit at  1849.91 Bearish Preference: Sell position is envisaged if price trades below price 1840.42 with take profit at 1838.86 Fundamentals:No Major Fundamental  Comment:The price of gold snaps the recent series of higher highs and lows amid the broad based weakness across …

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Daily Market Analysis 06.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1856.96 with take profit at 1858.89 Bearish Preference: Sell position is envisaged if price trades  below 1849.98 with take profit at 1847.62 Fundamentals:No Major Fundamental Comment: Gold was up on Monday morning in Asia even as the U.S. jobs report signaled more interest rate increases this …

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Daily Market Analysis 02.06.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1852.71 with take profit at  1854.51 Bearish Preference: Sell position is envisaged if price trades  below 1848.61 with take profit at 1846.86 Fundamentals:1:15pm    USD ADP Non-Farm                    Employment Change1:30pm   USD Unemployment            …

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Daily Market Analysis 30.05.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1864.36 with take profit at 1866.85 Bearish Preference: Sell position is envisaged if price trades below 1857.77 with take profit at 1855.07 Fundamentals:None with high impact on the commodity Comment: Gold was up on Monday morning in Asia, firming in volatile trading. A weaker dollar gave the yellow …

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Daily Market Analysis 23.05.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1866.67 with take profit at 1869.91 Bearish Preference: Sell position is envisaged if price trades below 1850.24 with take profit at 1846.25 Fundamentals:No Major Fundamental Comment: Gold was up on Monday morning in Asia, hitting a more than one-week high. A weakening dollar continued to support the greenback-priced …

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Daily Market Analysis 16.05.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1811.67 with take profit at 1814.64 Bearish Preference: Sell position is envisaged if price trades below 1803.86 with take profit at 1800.58 Fundamentals:No Major Fundamental Comment: Concerns around global growth helped the dollar start the week just off a 20-year high against its peers, making rival safe-haven …

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