Introduction Silver is trading at $59 today, close to retesting a support zone that’s now been tested four separate times since last October — twice on the way up in November and December, and twice again this year after the sharp correction from January’s spike high near 122. It could be an excellent entry for Read More…
Oil prices rallied to new highs on Wednesday after the US started its eleventh consecutive day of strikes on Iran. Meanwhile, Iran has been busy attacking US facilities in Gulf countries like Kuwait. The escalating tensions have intensiied supply disruptions, tightening a market that had started loosening. Tensions between the US and Iran have escalated Read More…
Gold prices rose by over 1% on Tuesday amid hopes for a ceasefire in the Middle East. The yellow metal has also remained strong as the dollar faced downward pressure after last week’s downbeat inflation report. Market participants are now looking forward to next week’s FOMC policy meeting. Spot gold (Source: Bloomberg) Gold has held Read More…
Introduction This is a follow-up to the 17 July analysis. NQ broke below the support of the triangle and the 50 MA, and if we extend the target line, it brings $28,000 into play. As traders, we need to think in probabilities because nothing is certain in the markets, so let’s take a look and Read More…
Currency futures were down on Monday as risk appetite remained low amid the escalating tensions in the Middle East. Meanwhile, the dollar regained its shine as safe-haven demand increased. However, most major currencies were up against the greenback last week as a downbeat US inflation report eased Fed rate hike expectations. “FX markets were relatively Read More…
This is the final two weeks to join the OneUp Trader Discord and get 20% off. Here’s what you get when you join: The discount ends Friday, July 31. Join the OneUp Trader Discord server, go to the #giveaways channel, and grab your discount code. Join The OneUp Trader Discord & Claim Your 20% Discount Read More…
