Gold prices pivoted from one-month lows on Tuesday amid optimism over a looming end to the Iran war. However, before the positive sentiment, tensions had escalated with Iran attacking the United Arab Emirates. Meanwhile, market participants are gearing up for the US nonfarm payrolls report. Gold has been on a decline recently as escalating tensions Read More…
Introduction Gold is now stuck between the 50 and 200 moving averages as the market digests the huge bull market run that GC has been in. The main area of support is sitting just above the 200 moving average at $4,490. If that level holds, the bulls still have a strong case, especially when you Read More…
Gold prices declined by 2% on Tuesday as Trump dashed hopes for an end to the Middle East war by rejecting Iran’s proposal. Tensions have remained high since last week, boosting the dollar and hurting gold amid rising safe-haven demand. Meanwhile, traders are gearing up for the FOMC meeting and for clues on future policy Read More…
Introduction Gold has clearly shifted out of its prior strong uptrend and is now in a corrective phase. To put it in perspective, GC has rallied over 140% since Feb 2024. Undoubtedly, there have been a lot of people who have made a profit in the yellow metal, and now the profit-taking is getting strong. Read More…
Introduction When traders look at a funded trader program, most of the attention usually goes to the profit target, trailing drawdown, or payout structure. But an often overlooked element is the consistency requirement. This is another aspect that makes OneUp Trader the better-funded trader program choice because it is far easier to pass, and in Read More…
Gold prices collapsed on Tuesday, weighed by a stronger dollar after upbeat US sales data. At the same time, investors preferred the safe-haven dollar amid uncertainty regarding a deal between the US and Iran to end the war. US sales (Source: US Department of Commerce) Data on Tuesday revealed that retail sales in the US Read More…
