Gold signal
A good day for our Gold signals subscribers, We asked them to buy this yellow metal last night. Xauusd fired and our subscribers exited at our target. Here is what we wrote to our subscribers.
Buy Gold at 1226$ with stop loss of 1218$ for target of 1234$. It made high above 1234$ and our subscribers exited at 1234$. We made nearly 80 pips in this trade. We extracted approx $800 per lot profit in this trade.
Currently prices are trading near 1230$, As indicated in our gold price forecast today, We have a resistance at 1239$, Before that we do not recommend any more buy. Once market break and sustain above 1239$ then expect good small rally upto 1247$- 1255$ today.
Immediate support now stands at 1224$, If traders break and sustain below this then expect our major support of 1218$ today.
Dollar Index tested below 94 but could not sustain below 94 and bounced back immediately after that. A good hurdle on USD Index stands at 94.52, If traders break and sustain above our resistance. Then expect good firepower upto 94.80- 95 today.
A good support on dollar chart stands at 93.80, If traders break and sustain below our support. Then expect good pressure upto 93.50- 93.20.
Dollar Index trend is flat to positive for now, Major selling would take place below 93.80-75 only.
Other precious metals also gained today, Silver tested near 15.65 which was just near our signal target. Currently its trading near our resistance of 15.62$, Once xagusd sustain above 15.62$ then expect major buying in this bullion upto 15.84$- 15.99$.
Support in spot silver stands at 15.30$, Below this major panic in market not ruled out upto 15.05$- 14.80$.
Conclusion: Bullion market trend is positive for now but precious metals yet to break resistance so we wont advice any fresh buying yet. Wait market to break resistance and sustain above before initiating any fresh buy.
You may also join our signals package in just $99 per month. Click here to choose your package.
For any query , write us at
or Whatsapp us at
+91-9920315014