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
USD Index and Gold Trend After Mr. Biden took office.
Gold was sold off heavily from 1855-1856 to 1803 on Friday and Monday Jan 17. However, gold has went up from the 1803-1805 to test … Read More
Why gold is back above 1800 after Thanksgiving
Gold broke the 1800-1801 to drop to 1761-1765 before Thanksgiving because of low trading volume and Fed meeting minutes suggested no stimulus package. On Dec … Read More
Gold direction after the FOMC Meeting Minutes
The FOMC Meeting Minutes on Nov 25, 2020 is saying that the Fed will not implement more stimulus. However, gold did not drop to test … Read More
Gold may drop to 1765 during US Thanksgiving Holiday?
Gold dropped to 1800-1801 yesterday – Nov 23 2020, after breaking the long term support zone 1848-1851. Gold is making a bounce to 1811-1815 after … Read More
Will gold go to 1800
Gold have tested the 1760-1765 long term resistant zone in the last 2 days because the USD is sold off. However, gold has rejected the … Read More
Gold fails to break the 1729-1731
Gold went to 1738 during London trading session by breaking the 1729-1731. However, gold dropped from 1738 to 1728 and then it was sold off … Read More
Flynn testimony, Mr. Trump Tax Reform and Gold Direction
Gold moved from 1272 to 1289 after news of Mr. Flynn testimony, however gold failed to close above the 1285 level to continues its short … Read More
Dec 1 – USDJPY and Gold Trend for Dec 2017
The USDJPY has made a strong bounce from the 110.90-111.00 zone to 112.50 and as a result, gold has been sold off from 1295 to … Read More
Nov 28, 2017 – US GDP Report and Gold Trend
Mr. Powell has confirmed the continuation of current Fed monetary policy which means that the Fed will raise interest rate in Dec, 2017. The USD … Read More