Gold waiting for Non farm payroll

/ 3 May 2019 / Comments Off on 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 farm payroll numbers which... more →
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Gold rise after weak Chinese numbers

/ 30 April 2019 / Comments Off on 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... more →
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Gold fired despite good GDP numbers

/ 29 April 2019 / Comments Off on Gold fired despite good GDP numbers
Gold Gold price fired despite good GDP numbers from US. US released better than expected GDP numbers and gold price gave nearly 7-8$ dip when numbers came. But precious metals pack did not sustain on lower levels and bounced back pretty hard.  Our comex buy gold signal target also achieved last friday. Gold tested new high for Friday... more →
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Gold made bottom ?

/ 26 April 2019 / Comments Off on Gold made bottom ?
Gold Gold price finally took off from lows and many subscribers asking me if gold made bottom already. Well its a tricky question as we are still some hours away from US GDP numbers. However yesterday US numbers were pretty mixed and that boosted gold prices. US unemployment claims rises unexpectedly which is a shocker as market... more →
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Gold fired after slow growth forecast from BOC

/ 25 April 2019 / Comments Off on Gold fired after slow growth forecast from BOC
Gold analysis Gold price fired from its lows yesterday after Bank of Canada forecast slow growth in 2019. We taken advantage of this rise as our buy gold signal initiated at 1271$ and we booked profit at 1278$. Bank of Canada’s statement came after Fed already took its dovish stand from January this year.  We may see more... more →
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Gold in narrow range

/ 10 April 2019 / Comments Off on Gold in narrow range
Gold Gold price tried to break resistance of 1309$ yesterday but it could not break that major resistance and fall back from higher levels. Again gold is trading in narrow range and its trading in extremely tight range. Yesterday mild gains came due to dollar index profit booking which benefited gold prices and xauusd was able to... more →
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Gold still resisting on higher levels

/ 9 April 2019 / Comments Off on Gold still resisting on higher levels
Gold Gold price fired yesterday after our buy signal which initiated near 1296$. We booked more than $700 profit in single lot yesterday. But after our target gold price could not hold the gains and reverted back below 1300$. Gold price still resisting on higher levels due to dollar index strength.  Dollar is still limiting precious... more →
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Gold bouncing back after lows

/ 3 April 2019 / Comments Off on Gold bouncing back after lows
Gold Gold price trying to bounce back after yesterday’s lows. Xauusd made low near 1285$ before taking off from there and testing 1294$. Bullion market seems waiting for Non farm payroll which is due in next 2 days. This will give a good clear picture how we are gonna see gold silver prices in upcoming weeks. Dollar Index also... more →
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Gold in pressure after Chinese Data

/ 2 April 2019 / Comments Off on Gold in pressure after Chinese Data
Gold Gold prices are under pressure after China released their manufacturing numbers. Numbers came better than expected which cleared the air that China’s economy might struggle due to ongoing trade war between US & China. Finally numbers are looking good and China seems safe from any effect for now. This data pushed Dow... more →
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Gold resumed buying

/ 1 April 2019 / Comments Off on Gold resumed buying
Gold Gold resumed buying after 20$ crash last friday. Xauusd settled above 1290$ for weekly closing which gave a mild boost to gold buyers. As i was writing continuously 1288$ is major base in gold. It did not sustain below 1288$ last week and bounced from very same level. Dollar Index also lost its some gains and closed mildly negative... more →
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