Introduction This is a follow-up to the 15 July analysis, where price was sitting around 52,901 with room to run toward 53,500–54,000 before hitting real resistance. The price has not changed much since then but did get a small bounce off the 78% Fib level and now bulls look to be finding their footing before Read More…
Introduction Gold has pulled back from a recent high near 4,650 after testing and breaking above the 200 day MA. What we are watching for now is whether this is just a pullback in a longer-term uptrend or if we move down to the 50-day MA and possibly even below $4,200. Gold Futures Trend Analysis Read More…
Gold paused its recent rally on Wednesday as market participants cautiously awaited the US core PCE price index report.
Introduction RTY has pulled back 2.15% from the 3,080 high and is now sitting on the rising 50 moving average at 3,002.3, which has tracked beneath this rally since April. The one time price traded below it was the early-August dip to 2,900, and that was recovered within days. The 200 moving average is far Read More…
Introduction Most trading strategies were designed for traders risking their own capital, with no rules applied to them. Move one of those strategies onto a funded trader program without adjustment, and it tends to fail. This is because the risk parameters that made it work no longer fit inside the account’s constraints. The Floor Trader Read More…
Introduction Gold is at an important level now because the 4,600–4,622 zone that had capped every rally since June has finally broken, and price is holding well clear of it at 4,702. That is a 6.7% move in three sessions, and it came off the back of the reclaim setup we flagged on 19 August, Read More…
