Gold faced resistance at 1300$ ( 23rd jan ) Levels unchanged

/ 21 January 2019 / Comments Off on Gold faced resistance at 1300$ ( 23rd jan ) Levels unchanged
Gold As said in our earlier gold forecast gold price could not cross 1300$ and dropped heavily from higher levels. Gold crashed from 1296-97$ range and now trading near 1280$. Dow Jones Index recovered more than 500 points in single day last Friday. Which caused an extreme pressure in precious metals prices. Currently good... more →
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Good Jobs data dragged gold

/ 7 January 2019 / Comments Off on Good Jobs data dragged gold
Gold Good Non farm Employment data boosted Dow Jones Index by more than 700 points. Non farm numbers came way better than expectations which send dow jones on steroid. It gained more than 700 points within 4 hours. Good job numbers proved US economy is in much better place than some analysts are expecting. Job numbers dragged... more →
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New year started with uncertainties

/ 3 January 2019 / Comments Off on New year started with uncertainties
Gold Gold started new year with uncertainties. Yesterday Gold price moves from 1289$ to 1278$ within minutes and reverted back in same range. After US stock market opened market became wilder. We had strong dollar index and higher gold prices. A rare combination of price we seen on first day of trading year. Dow Jones Index... more →
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Gold resistance 1242$

/ 5 December 2018 / Comments Off on Gold resistance 1242$
Gold As mentioned in yesterday’s gold forecast gold resistance stands at 1242$. Despite dow jones crashing more than 800 points yesterday gold could not cross the hurdle and now trading lower from highs. Dow Jones Index crashed as China and US released pretty different statement regarding their truce. US statement main highlight... more →
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Gold broke resistance at 1232$

/ 4 December 2018 / Comments Off on Gold broke resistance at 1232$
Gold Comex Gold broke resistance at 1232$ and continuing to hold above 1232$ with good volumes. As reported in our last gold report, US and China reached common ground and its pretty good sign for gold buyers. I have been advising to avoid sell in precious metals since last week. Currently gold is trading at 1237$. Good resistance... more →
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Fed intend to hike rate

/ 29 November 2018 / Comments Off on Fed intend to hike rate
Gold Fed intend to hike rate in December and current dispute between US and China has turned into full blown trade war. Fed chairman Powell delivered speech yesterday and cleared his intention for one more rate hike in December. So its almost certain we will have one more rate hike in December. Dow Jones fired with full guns from... more →
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Gold facing resistance ( 23rd Nov )

/ 22 November 2018 / 2 Comments
Gold Yesterday was Thanksgiving so these levels are valid even today. Gold facing resistance at 1231$ as mentioned in yesterday’s gold forecast. Xauusd did not cross 1231$ yesterday. Dollar Index recovery from lows hampered gold’s chances to cross the barrier and it rolled back in 1225-26$ range. Soft Jobless claims pushed... more →
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Dollar strength is gold weakness

/ 21 November 2018 / Comments Off on Dollar strength is gold weakness
Gold Dollar Index strength is gold weakness. This line is 100% true in today’s scenario. Dollar advanced on Brexit concerns as UK is not able to get out of that position yet. This caused a mild crash in Euro and a bigger crash in Pound. Euro is biggest contributor in dollar index which resulted good strength in dollar and that... more →
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US & Saudi tensions may drive Gold higher

/ 22 October 2018 / Comments Off on US & Saudi tensions may drive Gold higher
Gold Tensions between US and Saudi rising everyday. Khashoggi disappearance had given a major problem to Saudi. President Trump has kept Saudi on its tows over Khashoggi disappearance and murder. Saudi has taken some steps to ensure everything runs smooth. But Trump doesn’t seem satisfied at all. Turkey who was facing wrath... more →
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Investors cautious to proceed Gold

/ 29 August 2018 / Comments Off on Investors cautious to proceed Gold
Gold Spot price of gold tested 1214$ before crashing below 1200$. Good consumer numbers from US and higher DJIA Index is making investors cautious to proceed in gold at higher prices. Nasdaq trading at lifetime high. Spot gold trading at 1204.50$ while comex futures trading at 1210.50$. Yesterday major profit booking crashed xauusd... more →
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