Gold futures rose sharply in Wednesday’s Asian session, with April contracts surging by almost 1% to about $5,170, and spot gold stayed above $5,150 per ounce. The recovery comes after a sharp 4% drop earlier in the week, when a stronger US dollar and fading hopes of near-term rate cuts pushed gold to its lowest Read More…
Recap From Yesterday In yesterday’s DXY technical analysis, we highlighted: Today’s price action confirms the bounce is gaining traction. What’s Changed Since Yesterday? Strong Impulsive Move Higher The momentum is accelerating as the conflict in the Middle East continues to escalate. From here, the next most obvious level that comes into focus is the 100 Read More…
Quick Recap From Yesterday In yesterday’s crude oil technical analysis, we saw a big jump in the price after the weekend’s developments in Iran. Here is a snapshot: The candle from yesterday also closed firmly green after the gap up. After the close, price opened lower but still in the range of the previous candle Read More…
Introduction A 24-year-old trader from Beverly, Massachusetts, has withdrawn $27,000 in just 25 days across 3 funded accounts with OneUp Trader. Trading primarily through a single $50K account and copying them across two other funded accounts, Jack focused on quick scalps in the 10-Year Note (ZN) and 30-Year Bond (ZB) futures markets using the Jigsaw Read More…
Introduction After a weekend full of major turmoil in the Middle East, Crude Oil (CL) has exploded higher, rallying 12.54% in early Monday trade. Any further developments of the crisis will be closely watched by investors, and all traders should be wary of the volatile swings we are likely to see in the market this Read More…
Introduction In the February 3 analysis, gold had a very big single-day sell-off of 13% after the price was hitting new highs consistently. The analysis we did was to see if there was a higher probability of the market continuing to fall or finding a base and slowly forming a recovery. Since then, the bulls have Read More…
