Gold prices eased slightly on Tuesday after making new highs on cooler-than-expected US wholesale inflation data. The pullback came as investors took profits after a three-session rally and continued into Wednesday. However, experts believe fundamentals support further upside for prices. Notably, gold prices have rallied since Thursday last week as recession fears eased. The turmoil Read More…
Equities fell slightly on Monday but made new highs as fears of a US recession eased. At the same time, market volatility decreased as panic reduced and investors focused on the upcoming US inflation reports. The panic and fear that caused turmoil in the US equities market have recently subsided. US policymakers have called for Read More…
Introduction Gold has once again broken above its all-time high this year, surging past $2,500 per ounce. Think about this for a moment. We have Gold and equities surging at a time when the work is on the brink of war. Investors don’t know where to put their money anymore. Its a time we must Read More…
Weekly Chart There is an evening star pattern on the weekly chart which hasn’t closed yet. J6 bears are hoping this weeks trading will close red because it will likely lead to a big sell off in the Yen most likely back to previous support levels which is a 9% drop from here. The weekly Read More…
Currency futures rose on Friday as the dollar retreated after three sessions of gains. It extended this move at the start of the new week. Moreover, the greenback had a slightly bearish week but closed well above its lows as Fed rate cut expectations eased. After a volatile week, the dollar eased on Friday as Read More…
Current Trend and Price Action Moving Averages The price is currently hovering near the 200-day moving average (around 2,100). The 50 MA is at the same price and is acting as additional support to the price for now. Support and Resistance Zones Volume Considerations Probable Scenarios Bullish Scenario: Bearish Scenario: If you have any technical Read More…
