Recent News US Economic Data: The release of the US Consumer Price Index (CPI) data on August 14 showed a slight increase, which led to fading expectations of an imminent rate cut by the Federal Reserve. This resulted in a minor decline in gold prices, as the likelihood of a rate cut, which would weaken Read More…
Important Points All-Time High (ATH) Resistance: Support and Resistance Levels: Price Action: Trade Opportunities: Bullish Scenario: Bearish Scenario: Risk Management: Final Call: Overall, the chart is showing a bullish bias, with a key decision point around the ATH. Traders should watch for either a breakout or a rejection to determine the next move.
Monthly Chart The monthly chart gives us a good idea of where CL has been sitting since the start of 2023. The longer the price sits in the tight range the stronger the break out will be but at the moment CL is being pushed around a lot by fundamentals. The volume profile point of Read More…
Introduction The Dow Jones has been in a tight ascending triangle on the weekly chart as all US indices continue to surge despite massive geopolitical tensions. At the moment, YM is bouncing off a low and could possibly look to be moving higher for the next few weeks. Lets take a look at the chart 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…
