Gold
Spot gold price fired last night and tested our resistance of 1317$ which I updated in my yesterday’s gold update. Our subscribers were in long and they exited at 1317$ with more than 70 pips profit. Read full gold signal detail here
But gold and silver price could not hold higher as dollar index advanced from its lows very hard. Dollar almost tested 97 which is a major hurdle and traded near 97 only. Extreme dollar highs pressurized precious metals and it crashed badly from highs. Gold made low ear 1305.20$ and Silver made low of 15.55$.
Dollar is firing as we might not have a US govt shutdown tomorrow and US & China trade war may be over soon as negotiations are going on just fine as per US media reports.
Today’s video will cover gold forecast and technical levels today. Watch it till end for crude oil and silver levels too. We have retail sales numbers from US today and Unemployment claims number would be out too. Keep an eye on both data to determine trend of dollar and metals.
Dollar is in extreme positive zone which is not a good sign for gold buyers. So avoid major positions without stop loss. Watch full video for today’s trading levels and analysis.
I have covered Silver and crude oil in video too. Mcx levels will be at the end of the video so make sure you watch till end if you are a mcx traders.