Gold prices eased slightly on Tuesday after making new highs on cooler-than-expected US wholesale inflation data. The pullback came as investors took profits after a three-session rally and continued into Wednesday. However, experts believe fundamentals support further upside for prices. Notably, gold prices have rallied since Thursday last week as recession fears eased. The turmoil Read More…
Introduction Gold has once again broken above its all-time high this year, surging past $2,500 per ounce. Think about this for a moment. We have Gold and equities surging at a time when the work is on the brink of war. Investors don’t know where to put their money anymore. Its a time we must Read More…
Introduction Meet Areina, a funded trader from Atlanta, Georgia, who has made waves in the OneUp Traders funded trader program. Areina’s journey to success began when she completed the $50,000 evaluation in only 15 days. She is a trader with an aggressive style but a relaxed and calm process. Read on to hear exactly how Read More…
Current Trend and Price Action Moving Averages The price is currently hovering near the 200-day moving average (around 2,100). The 50 MA is at the same price and is acting as additional support to the price for now. Support and Resistance Zones Volume Considerations Probable Scenarios Bullish Scenario: Bearish Scenario: If you have any technical Read More…
Gold prices extended declines on Tuesday, with the dollar and US Treasury yields recovering as recession fears eased. However, the yellow metal recovered by Wednesday as Fed rate-cut optimism overshadowed recent recession worries. Gold (Source: Bloomberg) On Monday, gold lost nearly 3% of its value as global markets sold off. The turmoil came from fears Read More…
Introduction Meet Greg, a price action trader in OneUp Trader’s funded trader program who has made his mark with a straightforward yet effective approach to the markets. Greg recently made a withdrawal of $3,700 from his funded trading account, and today, we are going to find out just how he did it. Trading style and Read More…
