Gold 2022 Closing Forecast

gold forecast technical chart 2022
/ 7 November 2022 / Comments Off on Gold 2022 Closing Forecast
Gold at December’s End 2022 Finally FOMC Chairman has cleared that he wants to control rising inflation even if economy doesn’t do any soft landing. Fed chairman cleared from his side that no matter what cost is he will bring inflation down by rising interest rate. He also suggested that Fed wont shy to accelerate... 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 as Dow Jones rise

/ 9 January 2019 / Comments Off on Gold under pressure as Dow Jones rise
Gold Gold prices are under pressure since Monday as Dow Jones Index is rising on good data. Good jobs data ensured that US economy is in very good shape. Unexpected burst in job numbers proved FOMC absolutely correct in their projection. Market was thinking Fed is being over confidence in US economy while raising interest... more →
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Dow Jones crashed supported gold prices

/ 21 December 2018 / Comments Off on Dow Jones crashed supported gold prices
Gold Last night Dow Jones Index crashed below 23000 and tested 23680 before closing near 23000. DJIA has lost more than 3000 points from its peak and continuing its downward journey. We have 6 trading days left this year and we assume DJIA closing near 23000. Then It would go down as a bad year despite testing 26000. Weaker... more →
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FOMC crashed Gold

/ 20 December 2018 / Comments Off on FOMC crashed Gold
Gold FOMC concluded its meeting and decided to raise interest rate by 0.25% as expected. But market was expecting dovish market outlook from Fed which did not happen. FOMC chairman Powell released statement after 1 hour of interest rate announcement. He said Fed will look to increase rate two times in 2019 instead three. This... more →
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Gold rise after our signal

/ 19 December 2018 / Comments Off on 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 →
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Gold gains equity loss

/ 18 December 2018 / Comments Off on Gold gains equity loss
Gold Gold gains last night came due to equity loss. Dow Jones Index crashed badly and we enjoyed it as our sell signal initiated at 24080 and we booked profit at 23940 ( Read full detail here ) Dow Jones Index lost more than 600 points from its day’s high and this helped gold gaining momentum. We enjoyed this gain as... more →
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Gold under pressure

/ 17 December 2018 / Comments Off on Gold under pressure
Gold Spot gold price crashed last friday after a narrow range entire week. Main crash came when dollar advanced on weak equity markets. Dow jones index lost nearly 2% last week which resulted in dollar index strength. This week we will have FOMC final meet of the year. Its pretty certain we will have one more rate hike. But nearly... more →
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Gold waiting for NFP

/ 6 December 2018 / Comments Off on Gold waiting for NFP
Gold Spot gold price is trading in a narrow range since yesterday. US equity market was closed yesterday due to one day mourning for former chief commander Bush death. Dramatic sell off in equity markets in morning session pushed gold price higher but still its not breaking hurdle of 1242$ and keeping precious metals under pressure... 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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