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

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 facing strong hurdle ( 15th jan )

Gold Its been two weeks since gold crossed 1290$ range and yet it has not crossed 1300$. Gold tried to break this point many times but failing to do so. Its facing a strong hurdle in 1300$ zone which is keeping price in check, Daily charts also suggesting some consolidation and we may see mild correction too if market does... more →
Posted in: Gold Silver Updates

Dollar weakness drive gold higher ( 11th jan levels ) Unchanged forecast

Gold Spot gold price fired from 1280$ to 1295$ since last night. Dollar weakness is driving gold price higher. Dollar is in weak trend since last night due to FOMC meeting minutes. Latest Fed meeting minutes shows that many FOMC members are not in line to raise anymore interest rates. FOMC members are started contracting themselves.... more →
Posted in: Gold Silver Updates

Gold under pressure after good jobs data

Gold Spot gold price remained under pressure since Friday. Xauusd tested new lows today as market remain in selling mode. Dollar Index advancing and dollar is in under pressure due to higher dow jones and dollar index. Currently gold price trading at 1284$. Good support in this precious metal stands at 1278$. Once traders... more →
Posted in: Gold Silver Updates

Bad Jobs shining Gold

Gold Bad jobs shining gold price as US posted under expectations numbers. Dow Jones Index reacted to weak numbers and crashed more than 600 points within hours. Gold prices jumped on weak data and equity crashed. Gold price acted as safe haven finally after 4 months.  Dollar Index could not kicked back this time as investors... more →
Posted in: Gold Silver Updates

Gold levels are same ( 27th Nov )

Gold Levels are same as yesterday, Market is trading in a narrow range. Not much change in levels. So yesterday’s technical levels are valid today too. Spot gold price stayed in 10-11$ range last week. Xauusd moved from 1219$ to 1230$ and did not gave any movement at all last week. We had some low volumes too due to Thanksgiving... more →
Posted in: Gold Silver Updates

Gold crashed further on strong Dollar

Gold Gold price crashed further on strong US dollar. Dollar Index tested 17 months high by testing above 97. We enjoyed this crash as our sell signal initiated at 1208$ and we booked profit at 1200.50$. Despite dow jones index crashing more than 500 points dollar stayed firm. Dollar gained mostly due to uncertainty in UK and Italy.... more →
Posted in: Gold Silver Updates

Hawkish Fed crashed Gold

Gold Comex Gold price crashed after Fed cleared they are on their course. Fed stated they may increase one more hike in interest rate this year. Which would make total 3 rate hikes alone this year. Fed seems very confident about US economy. Fed doesn’t seem bother about trade war or economic slowdown. Hawkish fed boosted dollar... more →
Posted in: Gold Silver Updates

Fed tilted gold into negative

Gold Fed concluded its meeting yesterday, FOMC decided to keep interest rate unchanged but they released statement saying ” Their projection of interest rate remain unchanged”. This came as a little surprise as market was anticipating Fed might take a softer stand after ugly trade war and current geopolitical tensions. There... more →
Posted in: Gold Silver Updates
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