Market flat, Waiting for breakout
Gold Price of spot gold trading flat since morning. Currently trading near 1215$ minor positive from its last week’s closing. We had a rough last week which resulted in prices…
ECB (European Central Bank)
ECB (European Central Bank) European Central Bank is the central bank of 19 countries of Eurozone. It is based in Frankfurt ( Germany ) . It is responsible for setting…
Good US data crushed Gold
Gold Gold price crashed yesterday and tested new yearly low. Xauusd broke 1211$ and even gone below our major base of 1208$. Flat Unemployment claims and good factory orders from…
Price of Gold under pressure after Fed meet
Gold Price of gold is under pressure since last night. Fed concluded its meet last night and thankfully there was no Trump factor in FOMC’s tone and Fed kept interest…
Gold waiting for FOMC, Will Trump factor come into play?
Gold Price of gold dive on strong US dollar yesterday again. Yellow metal tested 1214$ and bounced back from there to test a new high above 1227$. This 13$ movement…
Bullion range bound, Market waiting for Fed
Gold Price of gold is in flat zone since yesterday, Its trading in 5-6$ range since it opened lower yesterday morning. Currently xauusd trading at 1221$, We have FOMC/Fed decision…
Monday blues, Started weak again
Gold Price of gold opened weak following selling pressure from traders. It already tested 1219$ and currently trying to find support near 1221$. We already had lowest closing in last…
Dollar Index and its effect on Gold Prices
Dollar Index Dollar Index is widely use term when we trade in Forex or Gold. Majority of traders don’t know what exactly USD Index is. Most of traders have a…
Market is still waiting to break resistance
Gold Gold price tested 1235$ yesterday and reversed from highs. Yellow metal tested 1222$ and closed near lowest point of the day. We closed lowest since June 2018. Xauusd tested…
Gold trying to break resistance, Dollar resisting
Gold Spot gold price fired yesterday and tested high of 1234.30$, We enjoyed this mild recovery as our buy signal initiated at 1226$ for target of 1234$. We fetched nearly…