Gold broke resistance at 1232$

Gold Comex Gold broke resistance at 1232$ and continuing to hold above 1232$ with good volumes. As reported in our last gold report, US and China reached common ground and its pretty good sign for gold buyers. I have been advising to avoid sell in precious metals since last week. Currently gold is trading at 1237$. Good resistance... more →
Posted in: Gold Silver Updates

Fed intend to hike rate

Gold Fed intend to hike rate in December and current dispute between US and China has turned into full blown trade war. Fed chairman Powell delivered speech yesterday and cleared his intention for one more rate hike in December. So its almost certain we will have one more rate hike in December. Dow Jones fired with full guns from... more →
Posted in: Gold Silver Updates

Gold facing resistance ( 23rd Nov )

Gold Yesterday was Thanksgiving so these levels are valid even today. Gold facing resistance at 1231$ as mentioned in yesterday’s gold forecast. Xauusd did not cross 1231$ yesterday. Dollar Index recovery from lows hampered gold’s chances to cross the barrier and it rolled back in 1225-26$ range. Soft Jobless claims pushed... more →
Posted in: Gold Silver Updates

Dollar strength is gold weakness

Gold Dollar Index strength is gold weakness. This line is 100% true in today’s scenario. Dollar advanced on Brexit concerns as UK is not able to get out of that position yet. This caused a mild crash in Euro and a bigger crash in Pound. Euro is biggest contributor in dollar index which resulted good strength in dollar and that... more →
Posted in: Gold Silver Updates

Higher dollar pushed gold

Gold Higher dollar pushed gold prices in early session today. Gold opened slightly weak and currently trading at 1218.40$. Dollar Index trading higher at 96 and its trading nearly highest point of the day. Dollar started recovering after a crash last week. Its very crucial to gold stay above 1217$- 1218$ range to avoid the crash.... more →
Posted in: Gold Silver Updates

Brexit directing gold

Gold Brexit directing gold prices since yesterday. We had a dramatic event yesterday in London where many ministers resigned over Brexit differences. UK’s PM Theresa May is in very deep political trouble and there is only one way to to pull all together. She has to change the terms of Brexit. But she is taking a tough stand... more →
Posted in: Gold Silver Updates

Gold gains aided by uncertainity

Gold Spot gold gains aided by political uncertainty around Europe. Brexit seems to take a toll in English people and its politics. UK’s PM is trying to save her political by sorting out issues in Brexit. Another issue is president Trump is open for another round of tariff on Chinese goods in first week of December. We dont... more →
Posted in: Gold Silver Updates

Gold on fire after Dow crash

Gold Gold price fired after Dow crashed more than 1500 points in just two trading session. We enjoyed this big jump as our buy initiated at 1190$ and our subscribers booked at 1198$. We made more than $800 profit. Most importantly we were not in sell side. When I updated our yesterday’s gold post I hinted where market going... more →
Posted in: Gold Silver Updates

Market waiting for Non Farm data

Gold Gold charged yesterday again above 1200$ but could not hold above 1200$ and retraced back within hours. Market is trading in a small range since Monday. Currently spot gold trading at 1198$ and Comex futures trading at 1202$. Higher Dollar Index is still putting pressure on precious metals. Higher US stock markets are another... more →
Posted in: Gold Silver Updates

Gold fired on Italy conerns

Gold Gold finally fired after a long time and tested 1208$ last night. Xauusd fired from 1187$ to 1208$ as Italy’s economic concern is going through roof now. ECB is concern about Italy’s Fiscal budget which is not inclined according to ECB guidelines. Yesterday gold finally acted as save haven for investors. Yesterday... more →
Posted in: Gold Silver Updates
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