On Thursday, gold prices reached a 10-day high after the Fed indicated that it was done with rate hikes and looking at the possibility of rate cuts. The Fed’s dovish shift, communicated during Wednesday’s FOMC meeting, led to expectations of more aggressive rate cuts. The market responded positively, boosting gold prices. Demand for gold went Read More…
Discover essential strategies for the OneUp Trader funded trader program, including risk management and trading discipline, for a successful trading career. Taking your first step toward funded trading marks an exciting milestone but requires careful planning and a strategic approach to enhance your chances of success. In this guide, we will go through the essential Read More…
Introduction We saw Gold reverse violently last week as the all-time high was broken for the first time in three years. Bulls were hoping for continued buying pressure once the significant level was broken but what we saw instead was an incredible reversal. Gold was trading as high as $2,150 per ounce last week before Read More…
On Thursday, gold strengthened as the dollar weakened ahead of US non-farm payrolls data. Traders anticipated signs of a weaker labor market, increasing the likelihood of a Federal Reserve rate cut in March. Chris Gaffney, head of world markets at EverBank, warned that market expectations for interest rates had become too optimistic. He stated that Read More…
Introduction Last week, Gold was trending because of how close it was getting to breaking all-time highs. We finally saw that happen, and it was explosive. GC futures burst out of the all-time high, with the price surging 3.15% in 30 minutes. Let’s see what the technicals are telling us now and how we can Read More…
On Thursday, gold slipped but stayed on course for a second consecutive monthly gain due to expectations that the Federal Reserve might soon cut interest rates. This would make non-yielding bullion more attractive. Moreover, the rise of the dollar for the day contributed to the drop in gold prices. However, the dollar was on track Read More…
