Introduction Gold Futures have shown remarkable resilience, breaking through a triple-top pattern and scaling above the previous all-time high in recent weeks. The only hurdle facing the bulls is the weekly bearish close from two weeks prior when price broke above the high, as we analyzed here. Weekly Chart Analysis The weekly chart illustrates a Read More…
On Monday, US equities rose as investors anticipated interest rate cuts by the Federal Reserve next year. The S&P 500 and Nasdaq recorded solid gains, while the Dow remained flat. Tom Hainlin, national investment strategist at US Bank Wealth Management, noted that the market expected the Fed to cut interest rates next year. This is Read More…
Introduction NQ, like the rest of the world’s stock markets, is surging. Now trading at an all-time high. This week might be the first weekly close above the all-time high, which marks an incredible recovery after a 37% decline from its previous high back at the beginning of 2022. Let’s see what the charts tell Read More…
Introduction Crude Oil has fallen from a high of $130 back in the middle of 2022 to a price of $72. Was that the highest price we will ever see in Crude Oil? The market sentiment is bearish at the moment for black gold but what do the charts say? Weekly Chart The weekly chart Read More…
On Thursday, gold prices reached a 10-day high after the Fed indicated that it was done with rate hikes and looking at the possibility of rate cuts. The Fed’s dovish shift, communicated during Wednesday’s FOMC meeting, led to expectations of more aggressive rate cuts. The market responded positively, boosting gold prices. Demand for gold went Read More…
Oil prices experienced a 1% increase on Wednesday, rebounding from a five-month low recorded in the previous session. The uptick was propelled by a greater-than-anticipated weekly reduction in US crude storage and apprehensions regarding the security of oil supplies in the Middle East after an attack on a tanker in the Red Sea. Moreover, oil Read More…
