Gold 2022 Closing Forecast

gold forecast technical chart 2022
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 →
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 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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

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 →
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 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 →
Posted in: Gold Silver Updates

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 →
Posted in: Gold Silver Updates

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 →
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
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