GOLD Move Ahed towards 39900

GOLD Move Ahed towards 39900

Latest Update

24th Aug-The $250 billion of goods from China taxed at 25%, will be taxed at 30% – Apply 1st October
*Additionally, the remaining 300 BILLION DOLLARS of goods and products from *China, that was being taxed from September 1st at 10%, will now be taxed at 15%
– To Resume Tariffs On US Autos
*China: Crude Oil Among US Products Subject To Tariffs Of 10% From September 1

  • Trump has also asserted that he has authority to force U.S. businesses to leave China, citing the International Emergency Economic Powers Act of 1977, a national security law which has been used to allow a president to target terrorists and pariah states.
25th AugTrump on US-China trade war: ‘I could declare a national emergency”
23rd Aug China To Levy Retaliatory Tariffs On Another $75Bln Of US Goods

 

Today Morning News

  • China: Willing To Resolve Trade Dispute Via Calm Negotiations – Resolutely Opposed To Escalation of Trade War

Effects: Gold will straight move up till 1568$, where in Morning it self it has touch 1565$, over and above 1638$ is the only target for Gold.
 
As we have mention in our positional Report a target 39900 which is very initial, and its just a 1st break out of 45,000.
-> Those Who Buy Gold on Friday 37350 can hold their position. As we all knows when Our range Break we clear states Buy on upper break & sell on downside range break out.


Gold

Range: 38600-39900

Our Preference: 
Buy Gold 38800+ target 39900 SL 38600

Alternative Scenario: Sell Gold below 38590 Target 38100 SL 38690

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