Gold made highs with Dollar Index

/ 20 February 2020 / Comments Off on Gold made highs with Dollar Index
Gold Comex Gold made high above 1613$ last night breaking its last month high of 1611.50$. Last month gold made high when US assassinated an Iranian commander. Iran then retaliated by attacking US base in Iraq. After that Trump tried to tone things down and gold crashed from 1611$ to test 1541$. Till February 1st week gold was trading... more →
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Gold crashed as Stock market recovered from lows

/ 5 February 2020 / Comments Off on Gold crashed as Stock market recovered from lows
Gold Spot gold price crashed yesterday from 1579$ to 1548$. We were in sell from 1575.20$ as my sell signal initiated on this level. We booked profit at 1566.20 & made nearly $900 profit per lot in yesterday’s gold trade. Major crash in gold was sponsored by higher dollar index & world stock markets. Dow Jones recovered... more →
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Correction or Consolidation in Gold ?

/ 20 August 2019 / Comments Off on Correction or Consolidation in Gold ?
Gold Comex gold crashed from 1535$ to 1495$ due to delayed tariffs by US. Last week White House informed that additional tariffs on $300 billion goods which were suppose to kick in from September will now come in effect from December. This simple move by Washington gave a good jump to Dow Jones Index which recovered nearly 600 points... more →
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Stock Market strength drag Gold

/ 6 February 2019 / Comments Off on Stock Market strength drag Gold
Gold US stock market gaining momentum since it opened this Monday. Last night it tested above 25400 and this resulted in dollar strength. Strong dollar index drag gold prices and it tested 1309$ range yesterday. Currently gold price trading at 1313.50$. Good support in this precious metal stands at 1308$. Once market break... more →
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