US Job Numbers & Power Transition Will be Crucial for Gold

/ 8 January 2021 / Comments Off on US Job Numbers & Power Transition Will be Crucial for Gold
Power Transition & US Job Numbers Yesterday Trump supporters rioted in Washington DC & Entered in Capitol Hill Building illegally. Four rioters died while more than 50 injured. Trump supporters tried to enter in Capitol Hill to reverse Joe Biden win as House was about to certify Joe Biden’s Presidency. Trump supporters... more →
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Vaccine progress diffused gold buyers. Now what ?

/ 1 December 2020 / Comments Off on Vaccine progress diffused gold buyers. Now what ?
Vaccine diffused gold buyers From August’s high of 2074$ spot gold price crashed till 1761$. A sweet 15% cut in gold price from August till November. Main reason behind this 15% cut is vaccine progress and continuous decline in jobless numbers around the world. Pfizer, Moderna, and many other pharmaceuticals have announced... more →
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Crucial US Job numbers to decide the fate of Gold

/ 31 August 2020 / Comments Off on 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... more →
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Gold dream run continues. More to come ?

/ 23 July 2020 / Comments Off on 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% from its March’s low and continuing... more →
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Worst is yet to come in Markets

/ 26 May 2020 / Comments Off on 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 market, we have... more →
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Corona Virus impacted stocks & gold both

/ 20 March 2020 / Comments Off on 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 in first 2 weeks of march. Dollar recently... more →
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Corona Virus troubled gold & stock market

/ 2 March 2020 / Comments Off on 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 the wrath of sellers as... 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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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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