Gold facing resistance ( 23rd Nov )
Gold Yesterday was Thanksgiving so these levels are valid even today. Gold facing resistance at 1231$ as mentioned in yesterday’s gold forecast. Xauusd did not cross 1231$ yesterday. Dollar Index…
Dollar strength is gold weakness
Gold Dollar Index strength is gold weakness. This line is 100% true in today’s scenario. Dollar advanced on Brexit concerns as UK is not able to get out of that…
Dollar drive gold again
Gold Dollar Index drive gold price once again. Dollar is driving the gold prices as it crashed yesterday which resulted in spike and then recovered which caused pressure in xauusd…
Higher dollar pushed gold
Gold Higher dollar pushed gold prices in early session today. Gold opened slightly weak and currently trading at 1218.40$. Dollar Index trading higher at 96 and its trading nearly highest…
Brexit directing gold
Gold Brexit directing gold prices since yesterday. We had a dramatic event yesterday in London where many ministers resigned over Brexit differences. UK’s PM Theresa May is in very deep…
Gold gains aided by uncertainity
Gold Spot gold gains aided by political uncertainty around Europe. Brexit seems to take a toll in English people and its politics. UK’s PM is trying to save her political…
Stock market crash keep gold above 1200
Gold Stock market crash keep gold above 1200$. 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…