When Egyptian trader Mahmoud Elbakry was looking to take his futures trading career to the next level, he knew he needed the right partner. After failed attempts with 4 other prop firms, he finally found the perfect fit with OneUp Trader. Within just 15 trading days, Mahmoud successfully passed his OneUp Trader evaluation and secured Read More…
Gold prices increased slightly on Tuesday as the dollar weakened, making gold more attractive to foreign buyers. At the same time, investors were awaiting more inflation data from the US and speeches from Fed policymakers. These will give guidance on the outlook for rate cuts in the US. The dollar weakened after poor data from Read More…
Gold prices rose on Wednesday as Middle East tensions had investors looking for safety in the safe haven of yellow metal. Moreover, a decline in the dollar made gold cheaper for foreign buyers, increasing its demand. Notably, the Israel-Hamas war has escalated since last week with more strikes on vessels in the Red Sea. Additionally, Read More…
Gold prices have demonstrated remarkable resilience in recent weeks, rebounding from dips and maintaining an upward trajectory overall. This precious metal’s recovery is attributed primarily to the weakening of the US dollar and lower Treasury bond yields, both of which enhance gold’s appeal as an investment hedge. Technical analysts have identified key support levels around Read More…
Weekly Chart The weekly time frame shows that price is approaching the previous all-time high, a big milestone for Bitty. The swing high extensions (Swing:SH Ext at 32165) serve as a reference point for potential resistance on further moves up. This swing indicator will likely print a higher low soon around $40,000. Key Levels to Read More…
What Is Trend Trading? Trend trading is one of the most popular strategies in financial markets, appealing to both novice and seasoned traders alike. At its core, it simply involves identifying and following the direction of market movements, which is why it is important to understand how to read trends correctly and if there is Read More…
