Gold prices soared following a sharp drop in US inflation. China’s senior authorities advocated for more focused restrictions amid a rise in COVID-19. The odds of a fifth straight 75bps Fed rate hike have fallen below 15%. A massive rally in Gold (GC) futures prices occurred following a sharp drop in US inflation data on Read More…
The E-mini Dow has been decorrelated from the overall market this month. The Daily chart shows overbought condition. A small bear flag pattern appears on the Hourly chart. The Dow’s Decorrelation The Dow Jones (YM) Futures has been completely decorrelated from markets for the past month. NQ has fallen by 1% this month, while YM Read More…
Who Is He & Why He Chose OneUp Trader Zachary B is a futures trader from Texas who completed the $50,000 Evaluation in October of this year. He chose the 50K Evaluation because the contract sizing suited his trading style, and the low $150 monthly subscription appealed to him. Zachary chose OneUp Trader because of Read More…
ES price retraces into a liquidity zone at the same price as the Gaussian midline. Core inflation (CPI) and year-over-year inflation reports will be released tomorrow. A potential short-term 1-2-3 bearish pattern formation on the hourly chart. Daily Chart Analysis Looking at the daily chart, there are a few developments we can note. Toward the Read More…
Republicans have a roughly 70% chance of ousting Democrats from their majorities in the US House and Senate. Headline US inflation is estimated to have fallen in October to 8.0%. There is a likelihood of a US legislative impasse following Tuesday’s elections. With one cautious eye on a crucial inflation update later in the week, Read More…
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…
