Gold Analysis
US Job numbers Yesterday US posted better than expected job numbers. Market was not expecting any surprise but still job numbers took market by surprise. Even last month US posted better than expected numbers which were a stunner for market. US unemployment rate fallen from 13.3% to 11.1%. Non farm payroll added 4.8M jobs vs …
Continue reading “Is better than expected Job numbers enough ?”
Tricky US Jobs Numbers Tomorrow US unemployment rate are due. Last month job numbers surprised the market and gave a shock when it came 13.3% vs 17.5%. It boosted confidence of market as dow jones literally fired more than 2000 points after that. Covid-19 resulted unemployment rate from 3.6% in march to 14.7% in May. …
Continue reading “Tricky Job numbers will decide the course of 2020”
Worst is yet to come World economies started to re opening and gradually they are trying to go back to pre covid 19 situations. Slowly many countries are relaxing lock down norms and opening their factories. Some countries such as UAE started opening their Malls as well. However according to me and many analysts in …
Gold forecast Gold is trading in a roller coaster since few weeks. Even last week gold tested 1710$ after making lows of 1679$. Xauusd settled below 1700$ at Friday’s closing. Spot gold ruined many traders in past with its 50-60$ move in single day. Last Friday gold higher move came when Dow Jones lost more …
Continue reading “Gold looking to test new lifetime high in 2020”
Depression in 2020 – 2021 ? Are we heading towards depression in 2020 or 2021 ? Well simple answer is Yes and No. We may see major recession and that is inevitable now. World cannot go without recession in 2020 – 2021 that is for sure. How severe is the recession that is another topic altogether. …
Corona Virus impact on gold & stock market Dow Jones ( DJIA ) Index tested 18900 levels this week after a high of nearly 30000 this year. This makes total correction of more than 30% in less than 2 months. Gold also crashed from 1700$ to 1450$. Dollar Index was also in free fall mode …
Corona Virus Impact on Gold Prices Last week Gold tumbled nearly 100$ from its peak level of 1690$. Gold crashed from 1690$ to test 1570$ last Friday. Xauusd finally managed to close at 1585$ giving a mild relief to buyers. However this gold crash despite 10% cut in US stock market. Dollar Index also faced …
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Gold Comex Gold made high above 1613$ last night breaking its last month high of 1611.50$. Last month gold made high when US assassinated an Iranian commander. Iran then retaliated by attacking US base in Iraq. After that Trump tried to tone things down and gold crashed from 1611$ to test 1541$. Till February 1st …
Gold Spot gold price crashed yesterday from 1579$ to 1548$. We were in sell from 1575.20$ as my sell signal initiated on this level. We booked profit at 1566.20 & made nearly $900 profit per lot in yesterday’s gold trade. Major crash in gold was sponsored by higher dollar index & world stock markets. Dow …
Continue reading “Gold crashed as Stock market recovered from lows”
Gold forecast Yesterday when i was making video for my youtube channel gold was trading at 1566$. Just in 6-7 hours gold crashed from 1567$ to test 1546$. A good 21$ crash without any major reason or announcement. We had a sell in gold as i gave a sell gold signal at 1559$ for target …