Gold on March 2, 2021

 📕 Comment on Gold on March 2, 2021:

 ‼ ️ At the end of the session yesterday, the world gold price dropped sharply from 1760 to 1719 (41 $).  Once again test the price range that last Friday fell to 1719. With the world gold price, although there was a quite strong decline day as yesterday morning's assessment, it has not yet continued to break the new price range. still, only stop at 1719. So in my opinion, it is likely that the world gold price in Asia session today will have a rebound from the current price range.

 - As many previous analysis reports, I said that the world gold price in the coming time will continue to decrease, so we will only buy short-term to wait for the price reaction.  follow.

 - On the H4 timeframe we can see the nearest resistance level where Gold can recover is around 1740. At this level, in my opinion, we should take profits safely.  and wait for a price response.  If today the price stands above the threshold of 1740, it is possible that the precious metal gold will continue to recover to the region of $ 1755-1760 / oz.

forex trading signals provider

Dax Analysis First March

  #DAX #ANALYSIS

At the moment the rebound started with the false break of the support of the lower part of the side (area 13660-40) continues and we will see if it is able to approach the high area of ​​the side at 14060 or on the contrary it turns around and returns to make an attack at 13,640. At the moment this broad side continues with a fight between bulls and bears.  As for data today there are German CPI, ISM in the USA and a speech by the president of the ECB.

Indices Trading Signals

Check Out the past 24 hours news

 🌈🌈Good morning!  Happy new week with lots of energy, good work!

 1️⃣ The main news over the weekend

 The US House of Representatives voted to pass the $ 1.9 trillion stimulus bill.

 - The US FDA Advisory Board approved the third Covid19 vaccine.

 - Biden will release a statement on Saudi Arabia on Monday.

 - Biden ordered airstrikes in Syria.

 2️⃣ Notable facts and data this week

 - At Monday, New York Fed President Williams will deliver his opening and closing speech at a series of seminars organized by the New York Fed;  Governor Brainard Federal Reserve is to deliver a speech on financial stability.

 - At Wednesday, Fed Governor Brainard will deliver a speech on diplomatic relations and the economic outlook;  at San Francisco Fed President Daley is to speak at a New York Economic Club online event.

 At Thursday, Chicago Fed President Evans delivered a speech on current monetary and economic policy.

  Fed Chairman Powell is to deliver a speech on the US economy on Friday.

 At Saturday, the Fed President in Atlanta, Bostic, will deliver a speech on "macroeconomic policy."

 The large and small non-farm reports will be released this week, and the non-farm employment population is expected to grow by 133,000 people after a seasonal adjustment in February in the United States.  For now, investors need to pay attention to the trend in US bond yields.  In February alone, the yield on a 10-year US Treasury note rose more than 35% and it has increased by nearly 50% since the beginning of the year.  The in-depth yield adjustment can put the US dollar under great selling pressure and trigger a strong recovery in gold prices and vice versa.

sgx stock picks

Comment on Gold on March 1, 2021

  ‼ ️ At the end of the first 2 months of 2021, the world gold price had a deep decline.  In February, the world gold price had a decline from 1872 to 1716 ($ 156) closing the monthly candle with a strong bearish candle at 1734 breaking the strong support zone at 1765. With the end of the month  If the monthly candle is equal to this strong bearish candle, in my opinion Gold will continue to suffer downward pressure in this new trading week.

 On the time frame of week W1, in my opinion, Gold will continue to decline towards around $ 1689 / oz.  And in today's trading session, after 2 days of last week's decline, in this Asian session, Gold has a recovery span and I expect the price of Gold to recover to around 1755 today.  Around this zone, I would have set a sell position, the safe target for profit taking is around $ 1730.

NOTE : WAIT FOR SIGNAL WITH PROPER LEVELS

                     Most Profitable Investment in Malaysia