Gold facing resistance ( 23rd Nov )

/ 22 November 2018 / 2 Comments
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 Tagged with: , ,

Dollar strength is gold weakness

/ 21 November 2018 / Comments Off on 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 Tagged with: , ,

Gold recovered from lows

/ 9 October 2018 / Comments Off on Gold recovered from lows
Gold Spot gold price dropped further yesterday. In last gold update i already mentioned market is looking weak. Even in our chat room i advised not to buy this precious metals. Xauusd crashed yesterday and tested 1183$. It bounced back after lows and currently cruising above 1190$ which is actually a good sign for buyers. Dollar... more →
Posted in: Gold Silver Updates Tagged with: ,