Bearish target of $1,622 has been hit. Gold consolidating within a tight zone. Fundamentals playing a big role in the Gold price. Bears Target Hit In the October 28th article, we mentioned the potential for Gold to drop to the support zone at $1,622. As we suspected, the gold price has done just that and Read More…
CL prices continue to follow the Parabola. The Inverse Head & Shoulders pattern has a chance as the price hovers above the neckline. Technicals point toward a bullish sentiment. Fibonacci analysis and targets if the rally continues. Quick Recap In the previous two articles, the central theme has been the bullish sentiment of CL, mainly Read More…
NQ prices dropped 8% this week. Bart pattern spotted on 1-Hourly time frame with a high volume spike Bearish market conditions persist. NQ Suffers an 8% Price Drop We saw the Nasdaq suffer an 8% drop this week, going from $11,600 to $10,080. The sell-off began on Monday but was spurred on by the Fed’s Read More…
The rising US Dollar puts pressure on gold prices after Powell’s hawkish comments. The US labor market is still showing strength despite rising interest rates. The ISM non-manufacturing PMI dropped to 54.4 in October, the lowest level since May 2020. Following hawkish comments from Federal Reserve Chair Jerome Powell, Gold (GC) futures prices hit a Read More…
The US Dollar has rallied 18% this year due to an aggressive interest rate policy. Correlation between the Dollar and the Equities Futures markets. Technical Analysis on the US Dollar. Dollar Likely To to Remain Stronger The US Dollar has rallied this year by more than 18% due to the aggressive policy outlined by the Read More…
Oil prices held steady after the Fed’s rate hike as other risk assets fell. A decrease in U.S. oil inventories pointed to a rise in demand. OPEC production went down in October, raising global supply concerns. Crude Oil (CL) futures prices increased on Wednesday despite declines in other risk assets after the Federal Reserve’s fourth Read More…
