Introduction Gold futures (GC) have extended their extraordinary rally, surging to $4,218.2. The yellow metal is up 58% for the year, and there are no signs of the momentum stopping as investors look for safe havens due to global geopolitical uncertainty and a softening U.S. dollar. In our previous analysis, Gold was trading at $3,850, Read More…
Introduction The S&P 500 E-mini futures (ES) saw its largest single-day drop since April on Friday, October 10, after President Trump announced via social media that he was considering new tariffs on select Chinese technology imports. Now, price is in discovery mode as bulls are seeing this as a possible buying opportunity. Lets take a Read More…
Introduction Last week, we looked at Crude Oil (CL) Futures, which were testing the support zone between $62.4 and $61. The sideways price action, which was dominating, could be coming to an end as the sellers found the strength to push the price below the level, falling 4.24% on Friday, its biggest drop since June. Read More…
Introduction The U.S. Dollar Index (DXY) has extended its rally sharply from late-September lows, where price tested a support zone since July. Now hovering near 99.35 after pushing through the R1 pivot at 98.88 and approaching the R2 level at 99.96. The rally is a clean bullish move as price rallied from the support zone, Read More…
Introduction NQ continues to make higher highs and follow the upward-sloping trendline since April. NQ is up 54% since then. Price is above the 50-MA (24,083) and 200-MA (21,876), and the trend remains firmly bullish. There are very few pullbacks on the daily chart, with the biggest being 4.4% leaving very few opportunities for traders Read More…
Introduction 6E failed to hold its recent peak and attempted breakout above 1.18895 on 16 September and has rolled back beneath the 50-day moving average. The drop leaves price vulnerable to a move down to 1.1424, but higher-timeframe support is still intact. The small cluster at 1.165 is something the bulls will try to defend. Read More…
