Improving Unemployment Rate May Pressure Gold

Gold Trend US unemployment rate improved from 6.7% to 6.3% while corona virus cases surged ahead in last month. President Biden proposed $1.9 Trillion package and it seems he wont have any problem passing this stimulus package as democrats have good numbers now. Last week Trump impeachment trial started which resulted in acquittal. It was …

Crucial US Job numbers to decide the fate of Gold

US Job Numbers Crucial US job numbers will be major deciding factor of gold price in September. Last month unemployment rate stunned market and came better than expected. Last month unemployment rate was at 10.2%. September’s unemployment rate expectations are between 10% to 9.5%. If unemployment rate hit below 9.5% then expect good crash in …

Gold dream run continues. More to come ?

Gold price dream run Gold price continuing its dream run. From 1450$ to 1870$ within 3 months. Earlier in my post I cleared my stand on gold prices. If you are reading my article or watching my daily youtube videos then you must be knowing we are in buy. However gold has gained nearly 30% …

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 …

Worst is yet to come in Markets

Worst is yet to come World economies started to re opening and gradually they are trying to go back to pre covid 19 situations. Slowly many countries are relaxing lock down norms and opening their factories. Some countries such as UAE started opening their Malls as well. However according to me and many analysts in …

Corona Virus impacted stocks & gold both

Corona Virus impact on gold & stock market Dow Jones ( DJIA ) Index tested 18900 levels this week after a high of nearly 30000 this year. This makes total correction of more than 30% in less than 2 months. Gold also crashed from 1700$ to 1450$. Dollar Index was also in free fall mode …

Corona Virus troubled gold & stock market

Corona Virus Impact on Gold Prices Last week Gold tumbled nearly 100$ from its peak level of 1690$. Gold crashed from 1690$ to test 1570$ last Friday. Xauusd finally managed to close at 1585$ giving a mild relief to buyers. However this gold crash despite 10% cut in US stock market. Dollar Index also faced …

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 …

Davos meeting come with Chaos in Market

Gold forecast Yesterday when i was making video for my youtube channel gold was trading at 1566$. Just in 6-7 hours gold crashed from 1567$ to test 1546$. A good 21$ crash without any major reason or announcement. We had a sell in gold as i gave a sell gold signal at 1559$ for target …

New lifetime high in Dow resulted in gold crash

Dow high resulted in gold crash Dow again tested lifetime high by posting a good healthy 28088 in today’s chart. Since last week DJIA index posting new lifetime highs which is resulting pressure in gold. due to nature of relation between equity market and gold , xauusd is in under lot of pressure despite giving …