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yellow metal

Daily Market Analysis 02/08/2021: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1811.34 with take profit at 1813.36. Bearish Preference: Sell position is envisaged if price trades below 1805.92 with take profit at 1804.03. Fundamentals:3:00pm    USD    ISM                                  Manufacturing PMI  Comment: Gold prices …

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Daily Market Analysis 07/07/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1816.53 with take profit at 1819.57. Bearish Preference: Sell position is envisaged if price trades below 1803.15 with take profit at 1799.32. Fundamentals:7:00 pm USD FOMC Meeting Minutes Comment: Gold was up on Wednesday morning in Asia after hitting a three-week high during the previous session. A weakening …

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Daily Market Analysis 05/07/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1795.41 with take profit at 1798.10. Bearish Preference: Sell position is envisaged if price trades below 1787.16 with take profit at 1784.45. Fundamentals:No major fundamental. Comment: Gold prices traded modestly higher during Monday’s APAC session, as a weaker US Dollar and lower yields bolstered the appeal of the yellow …

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Daily Market Analysis 23/06/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1785.90 with take profit at 1789.39. Bearish Preference: Sell position is envisaged if price trades below 1778.50 with take profit at 1775.00. Fundamentals:2:45pm   USD Flash Manufacturing PMI               USD Flash Services PMI Comment: Gold was up on Wednesday morning in Asia …

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Daily Market Analysis 18/06/2021: GOLD

Instrument: GOLDs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1793.53 with take profit at 1796.53. Bearish Preference: Sell position is envisaged if price trades below 1777.31 with take profit at 1769.29. Fundamentals:None with high impact on the commodity. Comment: the yellow metal is set to close the week at its lowest level since March …

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Daily Market Analysis 17/06/2021: GOLD

Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1826.07 with take profit at 1834.06. Bearish Preference: Sell position is envisaged if price trades below 1800.54 with take profit at 1789.24. Fundamentals:1:30 pm USD    Philly Fed Manufacturing Index             USD    Unemployment Claims Comment: Gold was down on Thursday morning in Asia but staged …

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