Gold range bound in January 2019

/ 24 January 2019 / Comments Off on Gold range bound in January 2019
Gold Gold price trading at 1282$ and it has stuck in a very narrow band of 1294$ to 1280$ entire January. Daily we are seeing only 6-7$ range and its barely moving either side. This is causing a real slaughter among traders as both side stop loss are hitting and its hurting portfolio of gold traders. Main problem with gold... more →
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Gold faced resistance at 1300$ ( 23rd jan ) Levels unchanged

/ 21 January 2019 / Comments Off on Gold faced resistance at 1300$ ( 23rd jan ) Levels unchanged
Gold As said in our earlier gold forecast gold price could not cross 1300$ and dropped heavily from higher levels. Gold crashed from 1296-97$ range and now trading near 1280$. Dow Jones Index recovered more than 500 points in single day last Friday. Which caused an extreme pressure in precious metals prices. Currently good... more →
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Brexit failed in Parliament driving gold higher ( 18th Jan ) Levels are unchanged

/ 16 January 2019 / Comments Off on Brexit failed in Parliament driving gold higher ( 18th Jan ) Levels are unchanged
Gold Brexit vote failed in British Parliament. UK prime minister Theresa May deal is voted down. UK parliament crushed her deal in never before voting. Pound started rising right after Brexit vote and Theresa May defeat. Currently market is trying to determine future of Theresa May. As we may see no motion of confidence very... more →
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Gold facing strong hurdle ( 15th jan )

/ 14 January 2019 / Comments Off on Gold facing strong hurdle ( 15th jan )
Gold Its been two weeks since gold crossed 1290$ range and yet it has not crossed 1300$. Gold tried to break this point many times but failing to do so. Its facing a strong hurdle in 1300$ zone which is keeping price in check, Daily charts also suggesting some consolidation and we may see mild correction too if market does... 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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Gold under pressure after good jobs data

/ 8 January 2019 / Comments Off on Gold under pressure after good jobs data
Gold Spot gold price remained under pressure since Friday. Xauusd tested new lows today as market remain in selling mode. Dollar Index advancing and dollar is in under pressure due to higher dow jones and dollar index. Currently gold price trading at 1284$. Good support in this precious metal stands at 1278$. Once traders... more →
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Good Jobs data dragged gold

/ 7 January 2019 / Comments Off on Good Jobs data dragged gold
Gold Good Non farm Employment data boosted Dow Jones Index by more than 700 points. Non farm numbers came way better than expectations which send dow jones on steroid. It gained more than 700 points within 4 hours. Good job numbers proved US economy is in much better place than some analysts are expecting. Job numbers dragged... more →
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Bad Jobs shining Gold

/ 10 December 2018 / Comments Off on Bad Jobs shining Gold
Gold Bad jobs shining gold price as US posted under expectations numbers. Dow Jones Index reacted to weak numbers and crashed more than 600 points within hours. Gold prices jumped on weak data and equity crashed. Gold price acted as safe haven finally after 4 months.  Dollar Index could not kicked back this time as investors... 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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