Good jobs number crashed gold

Gold Last Friday US labor department released non farm payroll numbers which came way better than expected and dollar index fired with full guns and gold price crashed from 1323$ to 1312$ now. Even manufacturing numbers was positive which put more pressure in precious metals and resulted in weak market. Currently gold price... more →
Posted in: Gold Silver Updates

Fed decision today

Gold As said in last gold forecast , gold crossed resistance and turned positive. It fired from lower levels and currently cruising above 1313$. We have crucial Fed interest rate decision today which will determine this year FOMC‘s course of action. We will have to see if Fed really hike interest rate in its first meeting... more →
Posted in: Gold Silver Updates

Gold finally crossed resistance

Gold After almost 24 days of struggling with 1298$-1300$ range. Last week gold finally crossed resistance of 1302$ and even gave a close above 1302$. Gold gave a stunning 20$ gains last friday and closed almost all bears while breaking above 1300$. Currently gold price trading at 1302$. Good support in this precious metal... more →
Posted in: Gold Silver Updates

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 →
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

Gold entered in bullish zone

Gold Spot gold fired last week as expected and we enjoyed this run. We were in buy most of the times as we sent two buy signal in gold. Xauusd closed on perfectly positive closing and now trding even higher at 1264$. Bad dow jones index is driving gold prices up. Investors concern about current trade war between US and China... more →
Posted in: Gold Silver Updates

Gold rise after our signal

Gold rising since yesterday after our buy signal initiated. I even gave free gold signal in our chat room. Interestingly only gold is gaining in precious metals. Other precious metals such as silver and palladium are trading in narrow range and unable to break above their highs. We have FOMC decision on interest rate tonight.We... 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

Lower Dow Jones drive gold higher

Gold Gold price trading higher after it tested almost 1238$ and fall back till 1230$. We enjoyed this bull run as our buy was running from 1227$ and we booked target at 1234$. Bad Dow jones index fueled gold gains as DJIA Index broke 25000 and tested near 24750. Investors choosing gold over dollar now days which resulted in handsome... more →
Posted in: Gold Silver Updates

Euro, Dollar, Dow Index levels this week

Euro Euro nose dived last week once again. Non other than ECB chairman Mario Draghi statement irk traders. He said we may not see first rate hike in summer 2019 and they may delay any rise in interest rate. Traders took this seriously and started selling. It crashed at lowest. We seen lowest euro since July 21, 2017. Euro to dollar... more →
Posted in: Forex Trading Updates
1 2