Gold futures soared to two-week highs on Wednesday. Prices remain volatile due to changing expectations about the Middle East conflict and US monetary policy. Bullion lost some of its small gains from the Asian session but managed to recover back above $4,700. Investors are pricing in Trump’s comments that Washington could end its military operation Read More…
Introduction In today’s tradespotlight, we will look at Natalia, a funded trader from Portugal, who entered 5 contracts at 6471.00, right as buyers started stepping in and momentum began to shift. Price then moved up quickly and cleanly. She scalped a 73-tick move, exiting at 6489.50 for a $4,612 profit. It may look like a Read More…
Richard Wyckoff developed his trading method in the 1930’s. He based a lot of his philosophies on successful traders like Jesse Livermore. When it comes to studying Wyckoff’s methods, you will need to take your time and understand that they are very specific. If you are a beginner, take it slow and ensure you test Read More…
Introduction Along with all other US indices, the Dow is dropping as the conflicts in the Middle East continue. Initially, US indices did not react much, but as time goes by, the market is pricing in the developments. The strong dollar is also undoubtedly factoring into the price since YM is priced in dollars, so Read More…
Gold prices jumped sharply on Wednesday, rising more than 2% as a weaker US dollar and lower oil prices improved the metal’s short-term outlook. Spot gold rose to about $4,588 per ounce, while US futures rose by more than 4%, getting close to the $4,600 mark. The dollar’s drop made gold cheaper for investors outside Read More…
Introduction Gold has now moved well beyond the initial breakdown we looked at in the previous analysis. What started as a loss of the $5,000 level has developed into a volatile drop, with price now trading near $4,400 and testing toward $4,150. In our prior analysis, the key idea was that a break below $5,000 Read More…
