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yellow metal

Daily Market Analysis 11/10/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1758.52 with take profit at 1760.05 Bearish Preference: Sell position is envisaged if price trades below 1751.54 with take profit at 1749.86 Fundamentals:None with high impact on the pair. Comment: Gold rallied strongly on Friday, rising over 20 dollars to test USD 1780.00 an ounce. …

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Daily Market Analysis 28/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1747.05 with take profit at 1749.56 Bearish Preference: Sell position is envisaged if price trades below 1734.95 with take profit at 1731.63 Fundamentals:3PM USD: Fed Chair Powell Testifies Comment: Gold prices are muted through the start of the trading week, with a lack of potential …

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Daily Market Analysis 06/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1825.79 with take profit at price 1828.51. Bearish Preference: A sell position is envisaged if price trades below price 1821.85  with take profit at price 1819.29. Fundamentals: No major Fundamentals Comment: The US dollar is squeezing gently higher in US-holiday thinned trade Monday and has recovered all …

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Daily Market Analysis 03/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 1817.36 with take profit at price 1818.77. Bearish Preference: A sell position is envisaged if price trades below price 1811.80 with take profit at price 1810.48. Fundamentals:1:30pm    USD    Average Hourly Earnings m/m                USD    Non-Farm Employment Change  …

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Daily Market Analysis 02/09/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1817.16 with take profit at 1818.59. Bearish Preference: Sell position is envisaged if price trades below 1812.36 with take profit at  1810.70 Fundamentals:1:30PM  USD Unemployment Claims6:00PM USD FOMC Member Bostic Speaks8:00PM USD FOMC Member Daly Speaks Comment: Gold finished another session unchanged for the 3rd …

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Daily Market Analysis 31/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  1817.04 with take profit at 1818.89. Bearish Preference: Sell position is envisaged if price trades below 1810.47 with take profit at 1809.03. Fundamentals:2:45pm USD Chicago PMI3:00pm USD CB Consumer Confidence Comment: Gold was up on Tuesday morning in Asia, with a weakening dollar giving the …

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Daily Market Analysis 20/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1788.72 with take profit at 1789.81. Bearish Preference: Sell position is envisaged if price trades below 1781.97 with take profit at 1780.54. Fundamentals:No major fundamental Comment: Gold was slightly higher Friday morning in Asia, with a stronger dollar taking some of the luster from a recent …

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Daily Market Analysis 17/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1796.58 with take profit at 1800.17. Bearish Preference: Sell position is envisaged if price trades below 1781.95 with take profit at 1778.27. Fundamentals:1:30pm    USD    Core Retail                                    Sales …

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Daily Market Analysis 11/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1739.60 with take profit at 1741.60. Bearish Preference: Sell position is envisaged if price trades below 1722.55 with take profit at 1720.55. Fundamentals:1:30pm     USD CPI m/m                 USD Core CPI m/m Comment: Gold was up on Wednesday morning in Asia …

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Daily Market Analysis 04/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1815.37 with take profit at 1816.92. Bearish Preference: Sell position is envisaged if price trades below 1811.27 with take profit at 1809.72. Fundamentals:1:15pm    USD     ADP Non-Farm Employment Change3:00pm    USD    ISM Services PMI Comment: Gold, like the currency markets, appears to be in wait-and-see mode… gold’s …

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