Reverse claims may give shock to gold sellers

Rising Unemployment claims is concern I wrote an article last month when gold was trading around 1950$. I mentioned declining unemployment claims may cause gold decline. Gold price tested 1840$ after my article. A sweet 110$ crash from 1950$. Last week US unemployment claims rose from 845K previous to 898K. Forecast was 810K. Unemployment claims …

Is better than expected Job numbers enough ?

US Job numbers Yesterday US posted better than expected job numbers. Market was not expecting any surprise but still job numbers took market by surprise. Even last month US posted better than expected numbers which were a stunner for market. US unemployment rate fallen from 13.3% to 11.1%. Non farm payroll added 4.8M jobs vs …

U turn from US driving volatility in gold & dollar

Gold volatility Flip flop statements from US president causing high volatility and wild moves in gold & dollar index. Last week we had 2 contradict statements from President Trump. First he said he will think to deal with China in 2020 only that too after elections. This driven gold in higher gear and xauusd tested …

Gold fired after buy signal

Gold Comex Gold fired after our buy signal initiated at 1277$ for target of 1284$. Our subscribers enjoyed nearly 70 pips profit and made $700 profit per lot yesterday in gold trade. Major buying came due to weak Dow Jones Index which also was a sell for my subscribers. Dow Jones signal also fetched us …

Gold unmoved by Fed minutes

Gold Comex Gold price did not move anywhere despite waiting for Fed meeting minutes for 2 days. Gold just tested 1269.50$ and bounced back pretty hard from there. According to minutes, Fomc chairman said dip in inflation is temporary and this does not concern fed for now. Fed will stay on course and might not …

Gold fired as China introduce additional tariffs

Gold Gold price fired last night as China introduced additional tariffs on US goods yesterday. As discussed in yesterday’s gold prediction, China may impose additional tariffs on US goods. China did exactly the same and market reacted sharply due to additional tariffs. Dollar Index took a hit and dow jones lost more than 2% last …

Gold rise after uncertainty

Gold Gold p rice rise from 1278$ to 1287$ after uncertainty in world market. As discussed in last gold report president Trump decision to impose 25% additional tariff on chinese goods worth $200 billion may start trade war once again. We will have to wait till Friday how market reacts when tariff kicks in. Due …

Gold rise after tariff on China

Gold Gold price rise after President Trump tweeted that he is going to impose 25% additional tariff on chinese goods from friday. Dow Jones collapsed and gold price fired yesterday due to this tweet. He single handedly¬† storm the market upside down with single tweet. If we see in a broad way Trump’s latest tweet …

Gold waiting for Non farm payroll

Gold Gold price tested 1267$ and bounced back to test 1272$ from lows. I updated a major base support at 1266$ in my last gold report. Xauusd respected that support pretty closely and bounced back from lows. Since bouncing from lows gold is trading in a narrow range. I believe market is waiting for non …

Gold rise after weak Chinese numbers

Gold Gold price rise after china posted weak manufacturing numbers. Manufacturing fall from 50.5 to 50.1. Its not bad numbers but expectations was 50.7 hence we seen some quick reaction from gold this time. Yesterday gold price took a dip as personal spending rise in US and numbers were better than expected. After China’s data …