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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 06|01|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1953.80 with take profit at 1955.80. Bearish Preference: Enter a Sell position if price trades below 1940.18 with take profit at 1938.18. Fundamentals:8:00pm USD FOMC Meeting Minutes. Comment: Gold was down on Wednesday morning in Asia, with investors awaiting the results of a U.S. Senate runoff …

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Daily Market Analysis 05|01|2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1945.50 with take profit at 1961.40. Bearish Preference: Sell is envisaged if price trades below 1935.89 with take profit at 1924.37. Fundamentals:ISM Manufacturing PMI (USD) 4 PM Comment: Gold went slightly down on Tuesday morning, with investors eagerly waiting the results of a runoff election in …

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Daily Market Analysis 22|12|2020: NZDUSD

Instrument: NZDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.70466 with a take profit 0.70035. Bearish Preference: Enter a Sell position if price trades below 0.70789 with take profit at 0.71032. Fundamentals:2:30 pm USD Final GDP q/q Comment: The dollar has been trading above major pairs but the fear of the new COVID has stopped …

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Daily Market Analysis 22|12|2020: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22317 with a take profit 1.22499. Bearish Preference: Enter a Sell position if price trades below 1.21996 with take profit at 1.21841. Fundamentals: 2:30 pm USD Final GDP q/q Comment:  The buck gained some strength yesterday and this is due to the passage of the $900 billion …

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