Corona Virus impacted stocks & gold both

/ 20 March 2020 / Comments Off on 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 →
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Gold made highs with Dollar Index

/ 20 February 2020 / Comments Off on 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 →
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Gold facing strong hurdle ( 15th jan )

/ 14 January 2019 / Comments Off on 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 →
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Dollar weakness drive gold higher ( 11th jan levels ) Unchanged forecast

/ 10 January 2019 / Comments Off on 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 →
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Gold under pressure after good jobs data

/ 8 January 2019 / Comments Off on 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 →
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Bad Jobs shining Gold

/ 10 December 2018 / Comments Off on 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 →
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Gold levels are same ( 27th Nov )

/ 26 November 2018 / Comments Off on 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 →
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Gold crashed further on strong Dollar

/ 13 November 2018 / Comments Off on 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 →
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Hawkish Fed crashed Gold

/ 12 November 2018 / Comments Off on 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 →
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Fed tilted gold into negative

/ 9 November 2018 / Comments Off on 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 →
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