Gold collapsed as dollar index fires

Gold Gold price collapsed as dollar index fires from lows and trading at 2 year’s high. Good US numbers and rising dow jones resulted in higher dollar which pressured entire precious metals pack. Silver also collapsed and closed below 14.40$ last friday which is an extremely bearish close for comex silver. This week we have... more →
Posted in: Gold Silver Updates

Gold crashed as Dow soars

Gold Gold price crashed from 1298$ to 1284$ last night as Dow Jones Index soars after good US data. US posted exceptionally well data yesterday which gave a good push to stock market and dollar index. Building permits rise from 1.29M to 1.30M , Philly manufacturing Index rise from 8.5 to 16.6, Unemployment claims down from 228K to... more →
Posted in: Gold Silver Updates

Gold in pressure from higher levels

Gold Gold price in pressure from higher levels as Dow Jones recovered more than 400 points from its lowest levels. Dollar Index reversing from lows and its causing pressure in comex gold prices. Gold made high above 1303$ and currently trading around 1293$. It took a sweet 10$ hit from highs due to Dow jones and Dollar recovery from... more →
Posted in: Gold Silver Updates

Gold hovering around resistance

Gold Gold price again dip from highs and made low around 1280$ before recovering to test new high. In my yesterday’s gold analysis, I mentioned support of 1278$ which gold respected pretty well. Gold price trading in 6-7$ range since Tuesday and trying to break resistance since then. Even yesterday gold tested 1290$ and reversed... more →
Posted in: Gold Silver Updates

Gold is classic case of technical levels

Gold Gold is a classic case of technical levels since yesterday. Gold price fired after our xauusd signal and reached our target. It retraced back to test lows from high. Gold made high near 1291$ and came back to test low of 1279.50$. In my yesterday’s gold analysis I mentioned support at 1278$ and resistance at 1292$.¬†Gold... more →
Posted in: Gold Silver Updates

Gold rise after uncertainty

Gold Gold p rice rise from 1278$ to 1287$ after uncertainty in world market. As discussed in last gold report president Trump decision to impose 25% additional tariff on chinese goods worth $200 billion may start trade war once again. We will have to wait till Friday how market reacts when tariff kicks in. Due to uncertain retaliation... more →
Posted in: Gold Silver Updates

Gold rise after tariff on China

Gold Gold price rise after President Trump tweeted that he is going to impose 25% additional tariff on chinese goods from friday. Dow Jones collapsed and gold price fired yesterday due to this tweet. He single handedly¬† storm the market upside down with single tweet. If we see in a broad way Trump’s latest tweet may start... more →
Posted in: Gold Silver Updates

Gold crashed further

Gold Gold price crashed further as dollar index took charge once again. Yesterday Dow Jones Index tested new lifetime high. Good stock market is major reason to drive gold lower in intraday trading yesterday. Even now gold prices are under pressure and looking in weak zone. Dow Jones Index driving on optimism. US economy is in very... more →
Posted in: Gold Silver Updates

Gold crashed after our signal

Gold Gold prices crashed after our sell signal initiated yesterday at 1304$. Gold was almost at its peak and we decided to push sell button. Main reason of our selling was fundamental instability. Ofcourse this is a positive for gold that world is uncertain towards Brexit and US, China trade war. But there was a major damage in dollar... more →
Posted in: Gold Silver Updates
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