Chart OverviewToday’s analysis focuses on Gold Futures, trading on a daily timeframe. While the market maintains an overall bullish trend within a well-defined ascending channel, a potential head and shoulders pattern could be formed. There was a big red candle on the Trump victory, which was no surprise as investors looked for riskier investments instead of Read More…
Gold prices plunged to a three-week low on Wednesday after Trump won the US presidential election. Meanwhile, the US dollar surged to a four-month high, making gold more expensive for foreign buyers. However, the market focus has shifted to the upcoming US central bank policy meeting. Republican candidate Donald Trump won the election on Wednesday, Read More…
Equities eased on Monday after consolidating ahead of the US presidential election. The decline came as markets unwound the Trump trade in light of new polls which showed Kamala Harris in the lead. Meanwhile, market participants were also cautious before Thursday’s FOMC policy meeting. The US presidential election has introduced considerable uncertainty in the equities Read More…
Currency futures eased on Friday as the dollar surged despite a downbeat US employment report. Market participants paid little attention to the report since it could have been a one-time dip. At the same time, the focus was on the upcoming US presidential election. However, moves on Monday were subdued as traders preferred to wait Read More…
Testing Year-Long Support The Canadian Dollar Futures (6C) weekly chart shows price action testing a multi-year support level around 0.72065. This level has proven to be a strong floor over the past year, repeatedly holding the price above it and triggering reversals back toward higher levels. The upcoming US election is only hours away, and Read More…
📈 Current Market Structure and Key Levels The E-mini Dow Jones (YM) futures recently reached an All-Time High near the 44,000 mark before facing a mild correction of 4%. This pullback phase has brought prices back toward some key zones that might offer high-probability entry points for bullish trades. Let’s break down these zones and Read More…
