Category: Daily Market Outlook

Gold sideways to weak as Trump suggesting he’d impose “substantial additional tariffs” if there’s no progress on a trade deal

Gold off the highs and holding resistance 1415 strong Technical Overview: Gold trading at 1406, trading below the support 1412 now turned to resistance, currently downside fresh support at 1404.50 or 200MA on 30Min chart, if breaks can fall sharply till 1386 or 200MA (1hr).Upside 1422-23 acting as resistance zone, makes the downside move resumes […]
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Gold off the highs as Fed hints as “Fed is insulated from short term political pressures”

Gold off the highs and fell below the main support 1412 Technical Overview: Gold trading at 1409, trading below the support 1412 now turned to resistance, currently downside fresh support at 1409 or 20MA on 4hr chart and 1416 or 200MA .Upside 1422-23 acting as resistance zone, makes the downside move resumes again till 1385 […]
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Sterling rose above 1.27 as dollar fell sharp and due to political glitches

Pound above 1.27, will it sustain? Technical Overview: Pound currently trading at 1.2745 which trading below the downward channel support 1.2750 which turned to resistance now. A break upside 1.2750 can check 1.2830/2850 further. Downside support lies at 1.2740 or 20MA and 1.2720 or 50MA, a break can see a sharp fall till 1.2680/2650 downside. […]
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Gold glitters more as Trump announced more sanctions over Iran, focus on G20 meet

Gold above 1400, breaks resistance 1412, heading for 1450? Technical Overview: Gold trading at 1430, trading above the resistance 1412 now turned to support, currently downside fresh support at 1415 or 8MA on 4hr chart and 1402 or 20MA .Upside 1430-40 acting as resistance zone, makes the downside move resumes again till 1405-10 and 1390 […]
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Euro fell post policymakers will provide more stimulus if inflation does not pick up

Euro fell sharp, heading to 1.11 Technical Overview:  Euro currently trading at 1.1190 made a low at 1.1186 and high at 1.1201 in Asian session as of writing. Technically trading below 1.1205 or 200ma and key resistance, sustain below this can see till next support level at 1120 and 1.1085 further. As shown in the […]
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Gold moves sideways on US China trade optimism, focus on FOMC

Gold rejected 1360 again, fall started heading to the support 1320 Technical Overview: Gold trading at 1345, trading above the resistance now turned to support, currently downside fresh support at 1325 or 200MA on 1hr chart and 1336 .Upside 1346-48 acting as resistance makes the downside move resumes again till 1325 and 1320 which is […]
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Oil trades sideways with bullish bias as supply concerns rose from middle east

Oil sideways to bullish as per weekly and daily, wil it make till 55 ? Technical: Crude oil trading at 52.55, trading at the daily pivot point waiting for clear direction. Trend remains sideways to bullish levels initially. Daily 8MA at 52.90 a break can check the next resistance at 54.90 or 20MA which could […]
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Gold off the highs as dollar bounced back again, awaiting for central bank’s reports

Gold rejected 1360 again, fall started heading to the support 1320 Technical Overview: Gold trading at 1339, trading above the resistance now turned to support, currently downside fresh support at 1325 or 200MA on 1hr chart and 1336 todays low, Upside 1346-48 acting as resistance makes the downside move resumes again till 1325 and 1320 […]
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WTI shows bullish signs as, Two oil tankers attacked in the gulf of Oman raised severe supply concerns

Oil sideways to bullish as per weekly and daily, wil it make till 55 ? Technical: Crude oil August future is trading at 52.25, trading at the daily pivot point waiting for clear direction. Trend remains weak for downside 50.50-50 levels initially. Daily 8MA at 52.90 a break can check the next resistance at 54.90 […]
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