Gold faced resistance at 1300$ ( 23rd jan ) Levels unchanged
Gold As said in our earlier gold forecast gold price could not cross 1300$ and dropped heavily from higher levels. Gold crashed from 1296-97$ range and now trading near 1280$.…
Good Jobs data dragged gold
Gold Good Non farm Employment data boosted Dow Jones Index by more than 700 points. Non farm numbers came way better than expectations which send dow jones on steroid. It…
New year started with uncertainties
Gold Gold started new year with uncertainties. Yesterday Gold price moves from 1289$ to 1278$ within minutes and reverted back in same range. After US stock market opened market became…
Gold resistance 1242$
Gold As mentioned in yesterday’s gold forecast gold resistance stands at 1242$. Despite dow jones crashing more than 800 points yesterday gold could not cross the hurdle and now trading…
Gold broke resistance at 1232$
Gold Comex Gold broke resistance at 1232$ and continuing to hold above 1232$ with good volumes. As reported in our last gold report, US and China reached common ground and…
Fed intend to hike rate
Gold Fed intend to hike rate in December and current dispute between US and China has turned into full blown trade war. Fed chairman Powell delivered speech yesterday and cleared…
Gold facing resistance ( 23rd Nov )
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…
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…
US & Saudi tensions may drive Gold higher
Gold Tensions between US and Saudi rising everyday. Khashoggi disappearance had given a major problem to Saudi. President Trump has kept Saudi on its tows over Khashoggi disappearance and murder.…
Investors cautious to proceed Gold
Gold Spot price of gold tested 1214$ before crashing below 1200$. Good consumer numbers from US and higher DJIA Index is making investors cautious to proceed in gold at higher…