Introduction Last time we featured Geoffrey, a registered nurse who traded futures on the side and withdrew $13,000 in just six trading days. Since then, he’s continued his winning streak — his latest withdrawal added $14,000 in only six days, bringing his total withdrawals to $30,500. What makes this even more impressive? Geoffrey balances his demanding Read More…
Gold futures slipped in Tuesday’s New York session, snapping a 3-day winning streak, as US government reopening optimism eased the safe-haven demand. The precious metal saw profit-taking after surging to a 3-week top above $4,150. During today’s Asian session, the gold futures fell to $4,100 area, weighed by a rebound in Dollar Index (DXY), rising Read More…
Introduction Gold Futures (GC) have extended gains since our previous analysis, as buyers regained control following a strong rebound off the 50-day moving average. The yellow metal has now risen for a third consecutive session, suggesting that the recent pullback may have reached a floor near $3,900, where there is some support. Bulls appear to Read More…
Introduction Gold futures have started to find a floor since our previous analysis, and bulls are trying to push prices higher once more. The RSI has stabilized around the 50 level, and the candlesticks are also smaller, indicating less volatility and a possible shift in trend. Gold is up 50% for the year, and the Read More…
Gold futures remain under pressure, digesting the deep pullback from record highs. The markets are preparing for the crucial US jobs data. The front-month contract for gold futures gained nearly 1% on Wednesday from yesterday’s fall of more than 1.5%. The recent swings highlight several interacting fundamental themes. The US dollar’s demand remains intact with Read More…
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