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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Gold lower again, Dollar recovered from lows

/ 24 July 2018 / Comments Off on Gold lower again, Dollar recovered from lows
Gold Gold price crashed once again after testing 1235$ yesterday. Market opened with good strength and sustained pretty well before a major fall. Spot gold price lost almost 16$ from its peak as its trading below 1220$ now. Precious metals reversed when dollar index started recovering from its low of 93.80. Currently its trading... more →
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Gold looking for recovery, Relief for buyers

/ 29 June 2018 / Comments Off on Gold looking for recovery, Relief for buyers
Gold forecast Yesterday in our gold forecast we updated a major support of 1247$. It broke 1247$ but could not sustain below our major base and bounced back almost immediately from there. Currently xau/usd trading above 1250$ comfortably and sustaining well. Dollar Index cooled off yesterday from 95.20 to 94.60. Currently this is... more →
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Gold weaken further on dollar strength

/ 20 June 2018 / Comments Off on Gold weaken further on dollar strength
Gold trend Gold price tested another low yesterday at 1270$. Precious metals pack seen another fall when ECB president Mario Draghi decided to pull another rabbit from his hat. He said he might go even softer on interest rate after summer 2019. This put extreme pressure in euro as it sink badly and gave good strength to dollar index.... more →
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Trump Kim summit conclude, Gold still flat

/ 12 June 2018 / Comments Off on Trump Kim summit conclude, Gold still flat
Gold forecast Gold price was waiting for two major events since last week. We had Trump and Kim summit due today which concluded today. It ended in positive note as both leaders signing papers to normalize situation. This give us a reason not to buy gold for US and North Korea tension. We have one less reason to buy gold today. Today’s... more →
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Precious metals forecast May 11, 2018

/ 11 May 2018 / Comments Off on Precious metals forecast May 11, 2018
Precious metals forecast Gold price trading higher today at 1320$, It finally took off from 1310$ yesterday and we enjoyed it. In our last week newsletter we mentioned that even though on charts market looking weak, we are a buyer of precious metals this week.  Subscribe our free commodity newsletter here A good support on this... more →
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