Introduction There is bearish divergence playing out on the daily chart for Gold futures. The daily candle we see forming today (7 June) is a big red one as buyers become exhausted. Is gold’s run coming to an end? The chart provided is of Gold Futures (COMEX), with several technical indicators and patterns that can Read More…
Introduction ES has broken above its all time high once more as bulls have gained the upper hand. There are some important levels to keep an eye on for the daily chart and possible entries we could look for. Currently, we don’t see any bearish trade opportunities. Technical Analysis Price Action Moving Averages Relative Strength Read More…
Introduction The Nasdaq e-mini futures (NQ) painted a huge bullish candle from last Friday in the form of a doji that is busy confirming a morning star pattern. The price has already pushed above last Friday’s high, confirming the bullish price action. The doji from Friday also bounced right off the 100 MA. This could Read More…
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Key Updates For Gold Futures Current Prices and Trends: Gold futures are currently trading around $2,364.75 per ounce. The market has experienced some volatility, with prices ranging between $2,358.30 and $2,369.00 in recent trading sessions (Investing.com). Market Sentiment: Analysts note a bearish sentiment in the near term, with key support levels under threat. This outlook Read More…
The Federal Reserve’s (Fed) updates on monetary policy highlight that the Federal Open Market Committee (FOMC) has decided to maintain the federal funds rate at the current range of 5.25% to 5.5% on May 2nd. The decision marks the sixth consecutive meeting where rates have been held steady, keeping them at the highest level in Read More…
Introduction In our previous analysis on ES, we noted that the bulls were struggling to push price above the recent high and resistance zone at $5333. Now that a week has passed, the bears have stepped in and there is a red engulfing candle forming on the weekly chart that could close as a evening Read More…
One of the most valuable tools in a trader’s arsenal is the concept of divergence trading, especially in today’s markets. Divergence occurs when the price of an asset and a technical indicator, such as the Relative Strength Index or MACD, move in opposite directions. This can provide insights into the underlying strength or weakness of Read More…
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1. Gold Price Over Time This chart shows the historical trend of gold prices from 2000 to 2023. Over this period, the price of gold has seen a significant rally, with a notable rise around 2010, peaking at over $1,800 per ounce in 2011. This increase was driven by economic uncertainty and financial crises. After Read More…
