Brexit directing gold
Gold Brexit directing gold prices since yesterday. We had a dramatic event yesterday in London where many ministers resigned over Brexit differences. UK’s PM Theresa May is in very deep…
Gold gains aided by uncertainity
Gold Spot gold gains aided by political uncertainty around Europe. Brexit seems to take a toll in English people and its politics. UK’s PM is trying to save her political…
Stock market crash keep gold above 1200
Gold Stock market crash keep gold above 1200$. Since yesterday Dow Jones Index has lost nearly 400 points and continuing its downward journey. This is keeping gold above water and…
Gold crashed further on strong Dollar
Gold Gold price crashed further on strong US dollar. Dollar Index tested 17 months high by testing above 97. We enjoyed this crash as our sell signal initiated at 1208$…
Hawkish Fed crashed Gold
Gold Comex Gold price crashed after Fed cleared they are on their course. Fed stated they may increase one more hike in interest rate this year. Which would make total…
Fed tilted gold into negative
Gold Fed concluded its meeting yesterday, FOMC decided to keep interest rate unchanged but they released statement saying ” Their projection of interest rate remain unchanged”. This came as a…
Election results putting pressure in metals
Gold US mid term elections turned out to be a grid lock situation. Democratic party finally gained control house of representatives which surely would put Trump administration in a bad…
US Election result will influence market
Gold I could not update gold forecast for a week due to my vacation. First of all thanks to all my readers who sent me email and messages asking me…
Trade war just intensified
Gold Gold prices faced extreme pressure again from Dollar Index. Last night dollar tested extreme highs which caused good pressure in yellow metal. Dow Jones had an extreme volatile session.…
Gold broke major hurdle
Gold Gold price broke 1240$ last week and tested above 1242$. Xauusd could not hold on higher levels and retraced back very same day. Main buying came due to weak…