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 →
Posted in: Gold Silver Updates Tagged with: , ,

Gold tested new high following mexico tariff

/ 6 June 2019 / Comments Off on Gold tested new high following mexico tariff
Gold Gold price tested new high of 1344$ yesterday as President Trump threatened another country with tariff. Mexico is new in list after China & India. Trump threatened to impose tariff from Monday if Mexico does not control illegal immigrants. These tariff will kick in just 3 days. Additionally Trump threatened to increase... more →
Posted in: Gold Silver Updates Tagged with: , ,

Comex Gold crashed after our sell signal

/ 29 May 2019 / Comments Off on Comex Gold crashed after our sell signal
Gold Comex Gold crashed after my sell signal initiated at 1283$. I advised my clients to take profit at 1277$. We booked nearly 60 pips profit and made approx $600 profit in gold trade last night. Silver & Dow Jones signals also fetched us more than $2000 combine profit. We were in sell in gold, silver and dow jones yesterday... more →
Posted in: Gold Silver Updates Tagged with: , ,

Gold fired after our buy signal

/ 26 March 2019 / Comments Off on Gold fired after our buy signal
Gold Comex Gold price fired after our buy signal initiated at 1317$ yesterday. We enjoyed the mild rally and exited around 1324.50$. After achieving our target gold price came down a bit and currently trading at 1318.50$. Xauusd retraced from highs as dow jones recovered from lows which gave strength to dollar index as well. Even... more →
Posted in: Gold Silver Updates Tagged with: , , ,

Gold fired after unexpected Fed

/ 21 March 2019 / Comments Off on Gold fired after unexpected Fed
Gold Gold price fired from 1302$ to 1318$. Gold rise came after FOMC chairman announced unexpected no rate hike in 2019. Frankly I was not expecting this nor any other analyst I am sure. He announced Fed wont hike any rate this year. He further announced that there will be only one more hike in 2020. This unexpected Fed was a bummer... more →
Posted in: Gold Silver Updates Tagged with: , ,