Richard Wyckoff developed his trading method in the 1930’s. He based a lot of his philosophies on successful traders like Jesse Livermore. When it comes to studying Wyckoff’s methods, you will need to take your time and understand that they are very specific. If you are a beginner, take it slow and ensure you test Read More…
Introduction Along with all other US indices, the Dow is dropping as the conflicts in the Middle East continue. Initially, US indices did not react much, but as time goes by, the market is pricing in the developments. The strong dollar is also undoubtedly factoring into the price since YM is priced in dollars, so Read More…
Gold prices jumped sharply on Wednesday, rising more than 2% as a weaker US dollar and lower oil prices improved the metal’s short-term outlook. Spot gold rose to about $4,588 per ounce, while US futures rose by more than 4%, getting close to the $4,600 mark. The dollar’s drop made gold cheaper for investors outside Read More…
Introduction Gold has now moved well beyond the initial breakdown we looked at in the previous analysis. What started as a loss of the $5,000 level has developed into a volatile drop, with price now trading near $4,400 and testing toward $4,150. In our prior analysis, the key idea was that a break below $5,000 Read More…
Introduction Gold has now clearly broken down from the symmetrical triangle that we discussed in the previous analysis. The important $5,000 level has failed, and the price is dropping fast. What was a balanced consolidation is no longer neutral. The market has chosen direction, and for now that direction is to the downside. The focus Read More…
On Wednesday, gold futures went up slightly and stayed close to the $5,000 psychological level. Investors remained cautious ahead of the US Federal Reserve’s decision on policy. The price of spot gold went up 0.15% to $5,010.03 per ounce, while the US gold futures for April delivery went up 0.13% to $5,014.24. Traders stayed cautious Read More…
