Gold, Silver targets achieved, looking for bounce
Gold Spot gold price crashed yesterday from 1208 to 1196$. I updated resistance of 1209$ in yesterday’s gold update. Xauusd could not break it and yellow metal crashed from highs.…
Gold fired on Italy conerns
Gold Gold finally fired after a long time and tested 1208$ last night. Xauusd fired from 1187$ to 1208$ as Italy’s economic concern is going through roof now. ECB is…
Gold continue in narrow range
Gold Spot gold price broke 1185$ but could not sustain there. Xauusd bounced back pretty hard till 1192$. Currently spot trading at 1193$ and Comex futures trading at 1197$. US,…
Fed quake crashed metals
Gold As stated in last gold update, Fed hawkish view might melt precious metals and it did. Yesterday gold price crashed from nearly 1200$ till 1184$ last night. We enjoyed…
Another rate hike in December
Gold As expected FOMC hiked interest rate by 0.25%. I was expecting this rate hike to be final in 2018 but Fed had another plan. Fed Chairman Powell cleared that…
Market waiting for Fed
Gold Spot gold price trading at 1202$ slightly higher than yesterday but its trading in a small range since Monday. Traders are cautious as we have FOMC meet outcome tonight…
Tariff kicks in US equity fall
Gold Spot gold price recovered yesterday as increased tariff on Chinese Goods kicks in from yesterday. 10% tariff on Chinese goods will go till 25% by 2019 and this is…
DJIA defused Gold gains (Weekly analysis)
Gold Spot gold price tried to break our major hurdle of 1209$ last week but DJIA index broke all records and closed at lifetime high. Investors found another way to…
Gold rise began part 2
Gold As stated in yesterday’s gold update gold rise began. Spot gold price did not updated any low and continuously updating highs. It broke major resistance of 1209$ in early…
Gold rise began ?
Gold Spot gold price trading a little higher but in a very narrow range. Majority of gold gains are due to weaker dollar index which is consolidating since yesterday. Currently…