Introduction Gold is starting to bounce again out of the support zone at $4,400. Profit-taking has been the narrative of the story since the end of January, after the huge rally we saw in the yellow metal. Now that we see price stabilizing, we can look at good ways to approach the market moving forward, Read More…
Oil prices plunged on Wednesday after reports that the US and Iran were nearing a deal to end the war. Meanwhile, market participants are eagerly awaiting the US nonfarm payrolls report to see the impact of higher oil prices on the labor market. Tensions in the Middle East have escalated since last week. On Monday, Read More…
Introduction NQ has gone from looking vulnerable a few weeks ago to becoming one of the strongest markets on the board again. The rebound from the April lows has been extremely aggressive. Price reclaimed the 200-day moving average, pushed through the 50-day shortly after, and the MACD is at an all-time high. Since then, the Read More…
Gold prices pivoted from one-month lows on Tuesday amid optimism over a looming end to the Iran war. However, before the positive sentiment, tensions had escalated with Iran attacking the United Arab Emirates. Meanwhile, market participants are gearing up for the US nonfarm payrolls report. Gold has been on a decline recently as escalating tensions Read More…
Introduction Gold is now stuck between the 50 and 200 moving averages as the market digests the huge bull market run that GC has been in. The main area of support is sitting just above the 200 moving average at $4,490. If that level holds, the bulls still have a strong case, especially when you Read More…
US equities pulled back slightly on Monday after hitting fresh record highs in the previous session amid earnings optimism. Market participants have decided to focus more on the upbeat earnings reports, indicating a solid start to the year. However, downside risks remain due to the uncertainty surrounding the Iran war. S&P 500 EPS (Source: Investing.com) Read More…
