First rate cut after recession tanked market

/ 1 August 2019 / Comments Off on First rate cut after recession tanked market
Gold Federal Reserve finally cut interest rate of 0.25%. This is first time fed gave a relief to interest payers since recession of 2008. No doubt market reacted badly and tanked from peaks. Dow Jones crashed from 27250 to 26850 within hours. Gold crashed from 1432$ to 1410$. Market reacted as we finally gave a nod from Federal reserve... more →
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Gold opened lower ahead of Fed meet

/ 29 July 2019 / Comments Off on Gold opened lower ahead of Fed meet
Gold Comex gold price opened lower today as market awaits FOMC meeting conclusion today this Wednesday. We have a very action packed week ahead. Lets have a look at major data and event this week first. Tuesday: BOJ monetary policy, US monthly personal spending, Pending home sales Wednesday: FOMC meeting conclusion & Press conference Thursday:... more →
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Gold waiting ECB & jobs numbers

/ 25 July 2019 / Comments Off on Gold waiting ECB & jobs numbers
Gold Comex gold price came to a halt since 2 days. Xauusd trading in a small range since Tuesday. Usual range in last 3 days are 1418$ to 1426$. A small 8-10$ range due to no major events and no major data in market. Yesterday Mueller testified and there was no major outcome from his testimony. Market was waiting for some actionable... more →
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Gold opened higher as Iran tensions build up

/ 22 July 2019 / Comments Off on Gold opened higher as Iran tensions build up
Gold Comex gold price opened higher as Iran tensions building up once again. Iran captured one of the oil tanker which belongs to UK & other belongs to Netherlands. This incident once again started building hype around Iran war. We just had one cool week which didn’t had any problem of trade war between US & China ,... more →
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Gold fired back from support

/ 18 July 2019 / Comments Off on Gold fired back from support
Gold Comex Gold price fired back from support of 1398$ yesterday. Dollar Index finally started showing cracks which led a good buying in xauusd and gold clocked nearly 20-22$ gains in a trading session. Tuesday dollar index was testing pretty good highs which kept gold in check and xauusd tested 1402$. Wednesday again dow jones &... more →
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Gold opened higher

/ 15 July 2019 / Comments Off on Gold opened higher
Gold Comex Gold price opened higher today as anticipated. I mentioned how gold may fire in upcoming days in my weekly video here. Lower interest rate scenario is driving gold and dow jones higher. Fed did not actually said they will lower the interest rate. But FOMC chairman’s cautious approach clear the air and we certainly... more →
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Powell statement gave gold its wings

/ 11 July 2019 / Comments Off on Powell statement gave gold its wings
Gold Comex Gold price fired more than 30$ in a trading session. Federal Reserve Chairman Jerome Powell said ” Trade war with China and other countries have contributed to slower growth in US economy, This also posses slower growth in other major economies. Fed is prepared to act and it may take any step to cater growth. Interestingly... more →
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Gold signal target achieved 09th July 2019

/ 9 July 2019 / Comments Off on Gold signal target achieved 09th July 2019
Gold signal A good day for our comex gold signal subscribers. I asked them to sell xauusd last night. It crashed and my subscribers exited at our target. Here is my xauusd signal which I gave to our subscribers. Sell Gold at 1399.50$ with stop loss of 1406.50$ for target of 1392$. My subscribers exited at 1392$ as we cashed more... more →
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Gold opened higher as Stock Markets are down

/ 8 July 2019 / Comments Off on Gold opened higher as Stock Markets are down
Gold Comex Gold price opened higher today as Stock Markets around the world are down. Dow Jones Index trading below 26800 while Indian Indices Nifty is down more than 200 points. Decline in stock markets are pushing gold prices higher. Weak stock markets gave dollar index a decline as well which fueled gold prices in beginning. Last... more →
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Gold fired again

/ 3 July 2019 / Comments Off on Gold fired again
Gold Comex Gold price fired again as low interest rate risk rising after bad US data. We will have two major data this Friday. Non farm payroll and Unemployment numbers. These two data will determine the course of US economy and gold prices in second half of 2019. Yesterday gold price fired from 1392$ to 1432$. Xauusd fired nearly... more →
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