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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Attack on Saudi refinery disrupted market

/ 17 September 2019 / Comments Off on Attack on Saudi refinery disrupted market
Attack on Saudi Attack on Saudi oil refinery disrupted the market as it opened this week. Crude oil fired more than 15% from its last week’s closing. Gold & Silver also opened gap up. Dow Jones Index opened lower. Almost every market was effected by this attack and market reacted heavily on this news. It was later on the... 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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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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Gold crushed by delayed tariffs

/ 14 August 2019 / Comments Off on Gold crushed by delayed tariffs
Gold Comex gold crushed by delayed tariffs on Chinese goods. White house release statement yesterday confirming that new tariffs on Chinese goods which was supposed to kick off this September will not activate by September. US delayed tariffs till December. This sent an extremely positive signal in market as Dow Jones Index recovered... more →
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Gold bulls taking charge

/ 13 August 2019 / Comments Off on Gold bulls taking charge
Gold Comex gold firing with full guns as its currently trading at highest point of the week 1519$. Gold bulls taking charge and driving xauusd higher as risk is rising in market. Dow Jones Index already lost more than 1500 points from its peak of 27300-400 and its just getting deeper every week. Big red in wall street is not a good... more →
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Gold rising with uncertainty

/ 7 August 2019 / Comments Off on Gold rising with uncertainty
Gold Comex gold rising with uncertainty in market. Dow Jones crashed nearly 1500 points from its peak of 27300 odd levels to 25800. This vertical crash triggered this Monday when China devalued its currency and president trump didn’t waste time to login his twitter and criticized it. Market is almost certain we will see more... more →
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First rate cut after recession tanked market

/ 1 August 2019 / Comments Off on First rate cut after recession tanked market
Gold Federal Reserve finally cut interest rate of 0.25%. This is first time fed gave a relief to interest payers since recession of 2008. No doubt market reacted badly and tanked from peaks. Dow Jones crashed from 27250 to 26850 within hours. Gold crashed from 1432$ to 1410$. Market reacted as we finally gave a nod from Federal reserve... more →
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Gold fired back from support

/ 18 July 2019 / Comments Off on Gold fired back from support
Gold Comex Gold price fired back from support of 1398$ yesterday. Dollar Index finally started showing cracks which led a good buying in xauusd and gold clocked nearly 20-22$ gains in a trading session. Tuesday dollar index was testing pretty good highs which kept gold in check and xauusd tested 1402$. Wednesday again dow jones &... more →
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