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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 22.02.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1897.66 with take profit at 1903.35 . Bearish Preference: A Sell position is envisaged if price trades below 1887.13 with take profit at 1881.92 . Fundamentals:3:45pm USD Flash Manufacturing PMIUSD Flash Services PMI4:00pm USD CB Consumer Confidence Comment: GOLD has bounced due to risk off …

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Daily Market Analysis 17.02.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1888.99 with take profit at 1894.85. Bearish Preference: Sell position is envisaged if price trades below 1877.05 with take profit at 1869.24 Fundamentals:No Major Fundamentals Comment: Gold peaked at $800 sometime in 1979 or 1980 and didn’t bottom until the late 1990s and from what …

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Daily Market Analysis 10/12/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades 1776.08 above with take profit at 1778.07. Bearish Preference: Sell position is envisaged if price trades below 1769.13 with take profit at 1767.32. Fundamentals:2:30pm USD CPI m/mUSD Core CPI m/m Comment: Gold had another uninspiring night as it remains marooned in a USD 1770.00 to USD …

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Daily Market Analysis 30/11/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1793.44 with take profit at 1796.51. Bearish Preference: Sell position is envisaged if price trades below 1789.43 with take profit at 1786.13. Fundamentals:3:45pm USD Chicago PMI4:00pm USD Fed Chair Powell TestifiesUSD CB Consumer ConfidenceUSD Treasury Sec Yellen Speaks7:00pm USD FOMC Member Clarida Speaks Comment: Gold’s …

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