Corona Virus impacted stocks & gold both

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 in first 2 weeks of march. Dollar recently... more →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

Market Holidays 2020

MCX Holidays in 2020   Sr.No Holidays Date Day Morning Session Evening Session* 1 New Year Day January 01, 2020 Wednesday Open Closed 2 Mahashivratri February 21, 2020 Friday Closed Open 3 Holi March 10, 2020 Tuesday Closed Open 4 Ram Navami April 02, 2020 Thursday Closed Open 5 Mahavir Jayanti April 06, 2020 Monday Closed Open 6 Good... more →
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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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates
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