Is Gold Ready to Fly ?

Gold analysis 2022
/ 9 November 2021 / Comments Off on Is Gold Ready to Fly ?
Gold Forecast Finally gold prices closed above 1815$ & gave a good hint of future movements. Last week FOMC chairman cleared that Fed will start tapering starting this month. Fed will taper start tapering from $15 billion. Tapering will be complete by June 2022. He also said Fed will adjust course according to economy and... more →
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Gold crushed by Excellent Job Numbers | Is It Over For Bulls

gold technical chart
/ 19 August 2021 / 2 Comments
Gold Bulls Gold prices crashed from 1832$ to test 1680$ in less than a week. If you have watched my weekly gold analysis on youtube channel. You must be knowing 1670$ was an extremely important support. ( watch video here ) Last week US posted excellent job numbers. Unemployment rate fell from 5.9% to 5.4% well below expectations... more →
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Fed cut rate again to boost economy

/ 31 October 2019 / Comments Off on Fed cut rate again to boost economy
Fed rate cut FOMC chairman announced another rate cut of 25 bps last night to boost US economy. This sent already strong dow jones to test even more higher levels. S&P hit new lifetime high & dow jones also hovering near lifetime high. Market was expecting fed will cut interest rate so there was no major surprise from rate... more →
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Brexit is making hard to trade in gold

/ 23 October 2019 / Comments Off on Brexit is making hard to trade in gold
Gold Brexit issue is still unsolved and every alternate day we are hearing some news or some rumors about this issue. Every single day we have this time when someone tweets  or says regarding brexit and market throws all technical levels into the dump and react on the news. Its been nearly two weeks we are seeing this constant coverage... more →
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Gold fired after buy signal yesterday

/ 9 October 2019 / Comments Off on Gold fired after buy signal yesterday
Gold Comex gold fired after our buy signal from 1498$. Our xauusd signal was in buy from 1498 for target of 1509$. We booked profit at 1507$. Disappointing numbers from US & weak dollar index fueled gold price yesterday. Dow Jones Index also participated after disappointing numbers from US. We also had Wallstreet sell signal... more →
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Gold crashed as market heads for a correction

/ 1 October 2019 / Comments Off on Gold crashed as market heads for a correction
Gold Comex gold crashing since last week after its peak of 1565$ in first week of September. Since first week of September comex gold is in corrective mode and it was a slow correction last week. Yesterday xauusd took nearly 30$ plunge and gave buyers a big shock as we had a good support around 1470$. Gold is in corrective mode and... more →
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Gold crushed by dollar & good US data

/ 6 September 2019 / Comments Off on Gold crushed by dollar & good US data
Gold Comex gold crushed by good unemployment & manufacturing data from US. Good US data resulted in higher dollar index which added more pressure in gold. Comex gold crashed from 1544$ to 1505$ within hours after data. Many analysts were expecting weak data from US as we have some recession rumor going on in market. But US did... more →
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Jobs number will be deciding factor for gold

/ 3 September 2019 / Comments Off on Jobs number will be deciding factor for gold
Gold Comex gold trading in a tight range since it opened yesterday. We had a labor day holiday in US yesterday which restricted gold’s movements. This week we have Non farm payroll & Unemployment rate from US. These jobs numbers will be deciding factor for gold price in upcoming weeks. Later in week we have Fed chairman... more →
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G7 meeting effect on gold

/ 27 August 2019 / Comments Off on G7 meeting effect on gold
Gold Comex gold fired as it opened yesterday and tested above 1555$ within couple of hours. It was later in a day xauusd cooled off and settled near 1530$ area. This is clearly G7 meetings effect on gold prices. Trump stated that he regret not imposing additional tariffs on China. This did not go well with market and gold fired hard. China... more →
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Uncertainty in Fed rate cut

/ 22 August 2019 / Comments Off on Uncertainty in Fed rate cut
Gold Last night Fed released its last meeting’s minutes. After reading it thoroughly i came to conclusion that even fed is having difficulty how much rate cut they should do. Next fed meet will be in September and there are high chances that we will see one more rate cut. But the way FOMC group is handling and cutting the rates... more →
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