Tuesday, 15 January 2019

DAILY COMEX MARKET OUTLOOK | Gold/XAUUSD Brent Crude Oil

TRADEWORLD 247 | XAUUSD AND BRENT CRUDE OIL 

Gold/XAUUSD & Brent Crude Oil two major trading commodity in comex market. TW247  providing technical and fundamental view of comex market and world trend news based trade.




Gold/XAUUSD is forming higher high higher low on the daily charts it is facing some resistance at 1300 mark but once it crosses we will swift move coming on the upside all indicator are suggesting a buy hence we recommend buy on dips strategy by keeping a strict stop loss Major Support is at 1280.30 Resistance at 1300.90



Brent Crude Oil has seen some retracement from lower levels it is making lower lows and lower highs on a daily chart however we have seen momentum indicators coming out of a oversold zone hence we recommend sell on rise strategy till it breaks above 64 mark 
Major resistance 62.10 and support 57.70.







FUNDAMENTAL NEWS

Gold Prices Aim Higher as Viacom Exits China, Souring Risk Appetite
Crude Oil and Gold Prices May Fall on US Inflation Data
Gold Price Chart Still Warns of Topping, Fed Chair Powell in Focus
Crude Oil, Gold Prices Focused on FOMC Meeting Minutes
Gold Price Chart Hints at Top Before FOMC Minutes, Powell Speech
Crude Oil Price Rebound May Struggle on US, China Trade War Fear


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