Gold crashed as market heads for a correction

/ 1 October 2019 / Comments Off on Gold crashed as market heads for a correction
Gold Comex gold crashing since last week after its peak of 1565$ in first week of September. Since first week of September comex gold is in corrective mode and it was a slow correction last week. Yesterday xauusd took nearly 30$ plunge and gave buyers a big shock as we had a good support around 1470$. Gold is in corrective mode and... more →
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Gold opened higher after good closing on Friday

/ 23 September 2019 / Comments Off on Gold opened higher after good closing on Friday
Gold Comex Gold opened higher after good recovery from lows last Friday. Last week gold price moved from 1495$ to 1520$. Friday we seen good buying in gold following crash in Dow Jones. Interestingly I had given buy signal in gold at 1503$ which we booked at 1514$. We sold Wall Street as well at 26090 for target of 25970. Both signal... more →
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Attack on Saudi refinery disrupted market

/ 17 September 2019 / Comments Off on Attack on Saudi refinery disrupted market
Attack on Saudi Attack on Saudi oil refinery disrupted the market as it opened this week. Crude oil fired more than 15% from its last week’s closing. Gold & Silver also opened gap up. Dow Jones Index opened lower. Almost every market was effected by this attack and market reacted heavily on this news. It was later on the... more →
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Delayed tariffs drive gold lower

/ 12 September 2019 / Comments Off on Delayed tariffs drive gold lower
Gold Comex gold crashed from 1555$ to test 1488$ in last 3-4 trading sessions. Delayed tariff on Chinese goods caused this correction. Additional tariff on chinese goods worth $250 billion was suppose to start from 01st October. But president announced that Chinese officials requested him to postpone the tariffs. He tweeted that... more →
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Gold crushed by dollar & good US data

/ 6 September 2019 / Comments Off on Gold crushed by dollar & good US data
Gold Comex gold crushed by good unemployment & manufacturing data from US. Good US data resulted in higher dollar index which added more pressure in gold. Comex gold crashed from 1544$ to 1505$ within hours after data. Many analysts were expecting weak data from US as we have some recession rumor going on in market. But US did... more →
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Jobs number will be deciding factor for gold

/ 3 September 2019 / Comments Off on Jobs number will be deciding factor for gold
Gold Comex gold trading in a tight range since it opened yesterday. We had a labor day holiday in US yesterday which restricted gold’s movements. This week we have Non farm payroll & Unemployment rate from US. These jobs numbers will be deciding factor for gold price in upcoming weeks. Later in week we have Fed chairman... more →
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G7 meeting effect on gold

/ 27 August 2019 / Comments Off on G7 meeting effect on gold
Gold Comex gold fired as it opened yesterday and tested above 1555$ within couple of hours. It was later in a day xauusd cooled off and settled near 1530$ area. This is clearly G7 meetings effect on gold prices. Trump stated that he regret not imposing additional tariffs on China. This did not go well with market and gold fired hard. China... more →
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Uncertainty in Fed rate cut

/ 22 August 2019 / Comments Off on Uncertainty in Fed rate cut
Gold Last night Fed released its last meeting’s minutes. After reading it thoroughly i came to conclusion that even fed is having difficulty how much rate cut they should do. Next fed meet will be in September and there are high chances that we will see one more rate cut. But the way FOMC group is handling and cutting the rates... more →
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Correction or Consolidation in Gold ?

/ 20 August 2019 / Comments Off on Correction or Consolidation in Gold ?
Gold Comex gold crashed from 1535$ to 1495$ due to delayed tariffs by US. Last week White House informed that additional tariffs on $300 billion goods which were suppose to kick in from September will now come in effect from December. This simple move by Washington gave a good jump to Dow Jones Index which recovered nearly 600 points... more →
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Gold crushed by delayed tariffs

/ 14 August 2019 / Comments Off on Gold crushed by delayed tariffs
Gold Comex gold crushed by delayed tariffs on Chinese goods. White house release statement yesterday confirming that new tariffs on Chinese goods which was supposed to kick off this September will not activate by September. US delayed tariffs till December. This sent an extremely positive signal in market as Dow Jones Index recovered... more →
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