Corona Virus troubled gold & stock market

/ 2 March 2020 / Comments Off on Corona Virus troubled gold & stock market
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 the wrath of sellers as... more →
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Gold made highs with Dollar Index

/ 20 February 2020 / Comments Off on Gold made highs with Dollar Index
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 week gold was trading... more →
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Gold crashed as Stock market recovered from lows

/ 5 February 2020 / Comments Off on Gold crashed as Stock market recovered from lows
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 Jones recovered... more →
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Davos meeting come with Chaos in Market

/ 22 January 2020 / Comments Off on Davos meeting come with Chaos in Market
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 at 1549$. We closed our gold position with profit.... more →
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Gold wild move as US Iran situation escalates

/ 6 January 2020 / Comments Off on Gold wild move as US Iran situation escalates
Gold forecast Gold price fired from 1480$ to 1580$ in less than a week. Major move came from 1520$ to 1580$ when US killed one Irani Commander in an Air Strike. Gold price firing as middle east tensions rising. Iran situation escalated over weekend again when President Trump threaten to impose sanctions on Iraq. Iraq parliament passed... more →
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U turn from US driving volatility in gold & dollar

/ 9 December 2019 / Comments Off on U turn from US driving volatility in gold & dollar
Gold volatility Flip flop statements from US president causing high volatility and wild moves in gold & dollar index. Last week we had 2 contradict statements from President Trump. First he said he will think to deal with China in 2020 only that too after elections. This driven gold in higher gear and xauusd tested 1480-82$ zone. After... more →
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New lifetime high in Dow resulted in gold crash

/ 18 November 2019 / Comments Off on New lifetime high in Dow resulted in gold crash
Dow high resulted in gold crash Dow again tested lifetime high by posting a good healthy 28088 in today’s chart. Since last week DJIA index posting new lifetime highs which is resulting pressure in gold. due to nature of relation between equity market and gold , xauusd is in under lot of pressure despite giving breakouts on... more →
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Fed cut rate again to boost economy

/ 31 October 2019 / Comments Off on Fed cut rate again to boost economy
Fed rate cut FOMC chairman announced another rate cut of 25 bps last night to boost US economy. This sent already strong dow jones to test even more higher levels. S&P hit new lifetime high & dow jones also hovering near lifetime high. Market was expecting fed will cut interest rate so there was no major surprise from rate... more →
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Brexit is making hard to trade in gold

/ 23 October 2019 / Comments Off on Brexit is making hard to trade in gold
Gold Brexit issue is still unsolved and every alternate day we are hearing some news or some rumors about this issue. Every single day we have this time when someone tweets  or says regarding brexit and market throws all technical levels into the dump and react on the news. Its been nearly two weeks we are seeing this constant coverage... more →
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Gold fired after buy signal yesterday

/ 9 October 2019 / Comments Off on Gold fired after buy signal yesterday
Gold Comex gold fired after our buy signal from 1498$. Our xauusd signal was in buy from 1498 for target of 1509$. We booked profit at 1507$. Disappointing numbers from US & weak dollar index fueled gold price yesterday. Dow Jones Index also participated after disappointing numbers from US. We also had Wallstreet sell signal... more →
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