Introduction As we all know, Gold futures have been in a solid uptrend this year as the Dollar has weakened. The main feature on the charts is the bull flag, which we have covered a few times in our technical analysis. The pattern has more than confirmed and is just over halfway away from the Read More…
Gold prices recovered on Wednesday after falling in the previous session as US data supported the case for a gradual pace of Fed rate cuts. Initially, prices rose as the likelihood of a 50-bps rate cut rose last week. However, despite the slight pullback, investors remain optimistic about a looming Fed rate cut. Data on Read More…
Gold prices rose on Tuesday and Wednesday before pulling back after the crucial US inflation data. Initially, the bullish move was subdued as most traders preferred to wait on the sideline. At the same time, the US presidential debate on Tuesday favored Kamala, leading to a drop in the dollar. This made gold cheaper for Read More…
Overview and Market Sentiment:Japanese Yen futures have been in a strong upward move since June 2024, but there are signs of potential exhaustion, with the formation of a double top near the 0.0071010 level. The double top pattern, combined with bearish divergence and the volume profile, sets us up for a potential short opportunity with Read More…
Overview and Market Sentiment:Gold has been in a powerful uptrend this year, with the current chart showing the continuation of bullish momentum following a classic bull flag pattern formation. As of September 2024, Gold futures are trading at $2,528.4, up by 0.15% for the session, and showing no signs of immediate weakness. The key technical Read More…
Introduction Meet Obafemi, a futures trader from San Jose, California, who successfully completed his OneUp Trader evaluation using a momentum trading strategy. Let’s learn more about this trader’s style, routine and why he chose the OneUp Trader funded trader program. Trading Approach Obafemi’s trading approach can be defined as momentum-driven. He identifies the market’s direction Read More…
