Gold is consolidating after better than expected U.S NFP and softer ISM data
Gold was sold off from 1976-1978 after good U.S NFP because the US Dollar and Yield went up. However, gold could not break the 1940-1941 … Read More
Gold correction after U.S debt ceiling deal and the upcoming US NFP report
Gold has made a correction from 1932-1935 to 1973-1957 after making a false break-out of the 1932-1935 zone. The U.S congress has voted to pass … Read More
Gold trend vs Fed policy and debt ceiling crisis
The long term gold trend has turned from bullish into correction because it has been sold off from 2070-2075 to 1936-1940. The cash of gold … Read More
Gold is consolidating after Mr. Powell hawkish comments on rate hikes.
Gold is consolidating from 1869 to 1883-1885 because the US Dollar Index has not broken the 104 level yet. The US Dollar is consolidating from … Read More
US Dollar Index and Gold is waiting for Mr. Powell speaking on Feb 7, 2023
The US Dollar broke the 102.00 level after the 51K NFP report to form a reversal pattern after the Fed raising interest rate in its … Read More
USD Index and Gold Trend
The USD Dollar Index is currently trading around 103.40-103.50 zone after making a reversal post FOMC Meeting Minutes and the 517K NFP release. The reversal … Read More
Gold trend after the 517K NFP report on Feb 03, 2023
Gold was sold off heavily from 1915 to 1859-1860 after the surprised 517K NFP report. Gold is making a correction on the day chart and … Read More
Gold cannot break the 1800-1801 and FOMC Meeting Minutes
Gold went from 1786 to 1801-1802 and then closed around 1801.50 even though the US Dollar Index was strong last Friday. Gold made a false … Read More
China US tensions over Taiwan and the good US NFP report
Gold went from 1686 to 1763-1765 and then to the 1793-1795 because of China US tensions over Taiwan. Gold was sold off from 1789-1793 to … Read More
Why gold is making a correction, FOMC Meeting Minutes and Fed interest rate decision next week.
Gold dropped to test the weekly support zone around 1681-1685 on July 21 because the US Dollar Index up trend has been strong since the … Read More