09 December, 2016 by Aayush Jindal in Fundamental Analysis, Gold, Market Analysis, Technical Analysis
Gold Price Daily Chart Suggest Support Formation
There was a solid decline in Gold price against the US Dollar, taking it below the $1200 support area.
The price recently traded a few points below the $1160 level before starting a consolidation.
Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a ri...
04 November, 2016 by Aayush Jindal in Economic News, Fundamental Analysis, Market Analysis
One of the most awaited events of this year is round the corner, as on 8th November 2016, the financial market and investors will be keeping a close watch on the 2016 presidential elections in the USA. In a few days, we will know the next president. There are two candidates – Hillary Clinton, who belongs to the Democratic Party, and Donald Trump, who belongs to the Republican...
23 September, 2016 by Aayush Jindal in Gold, Market Analysis, Technical Analysis
The yellow metal recently managed to gain traction against the US Dollar, as the price moved higher.
Gold price moved above the $1320 resistance this week, but may be approaching a major resistance.
The fed interest rate decision somehow proved anti-dollar and pushed gold prices higher.
Today, the preliminary US Manufacturing Purchasing Managers Ind...
09 September, 2016 by Aayush Jindal in Gold, Market Analysis, Technical Analysis
Gold Price May Correct Lower Versus US Dollar?
Gold price rocketed higher this week against the US Dollar, as the latter one weakened recently.
The upside in Gold was stopped near a major resistance trend line on the 4-hours chart.
Today in China, the Consumer Price Index was released by the National Bureau of Statistics of China.
The forecast was ...
11 August, 2016 by Aayush Jindal in Gold, Market Analysis, Technical Analysis
GOLD At Clear Risk of Further Upsides
Gold price rallied recently against the US dollar and traded above the $1340 level.
There is a monster bearish trend on the 4-hours chart of GOLD, waiting to act as a barrier for buyers.
Today in the US, the Initial Jobless Claims figure will be reported by the US Department of Labor.
The market is expecting a ...
05 May, 2016 by Aayush Jindal in Market Analysis
Gold Buyers Sighting US Nonfarm Payrolls For Next Move
Gold prices gained vs the US Dollar recently, and traded above the $1250 level.
The price also broke a major resistance area near $1260, which may now act as a support if Gold moves down from the current levels.
On Friday, in the US, the nonfarm payrolls figure will be releas...
23 February, 2016 by Aayush Jindal in Fundamental Analysis, Gold, Market Analysis, Technical Analysis
GOLD Just Broke Major Support Area?
GOLD enjoyed a nice ride during the past couple of weeks, but it looks like it may have made a short-term top.
The US Dollar seems to be gaining back bids, which may help GOLD sellers to retain traction.
There is a support trend line formed on the 4-hours chart, which was cleared by sellers to ...
21 August, 2015 by Aayush Jindal in Gold, Technical Analysis
GOLD rocketed higher recently, and cleared a lot of hurdles to move upside.
There was weakness noted in the US dollar, which helped GOLD to trade higher in the near term.
Chinese Caixin China Services PMI™, released by Markit Economics declined from 47.8 to 47.1 in August 2015, which was lower compared with the forecast.
In Japan, the Nomura/JMMA Manu...
05 August, 2015 by Aayush Jindal in Gold, Technical Analysis
GOLD price after declining sharply towards $1080-70 managed to hold ground and currently making an attempt to trade higher.
In the US, the Economic Optimism Index, released by The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) posted a decline from 48.1 to 46.9 in August 2015.
US Factory orders released by the US Cen...
10 July, 2015 by Aayush Jindal in Gold, Technical Analysis
GOLD continued to struggle and following a nice bearish trend on the 4-hours timeframe.
Canadian Employment Change data released by the Statistics Canada will be one the most important releases today during the NY session.
Australian Home Loans released by the Australian Bureau of Statistics declined by 6.1% in May 2015, compared with the forecast of -3.5...