Gold prices rose by over 1% on Tuesday amid hopes for a ceasefire in the Middle East. The yellow metal has also remained strong as the dollar faced downward pressure after last week’s downbeat inflation report. Market participants are now looking forward to next week’s FOMC policy meeting. Spot gold (Source: Bloomberg) Gold has held Read More…
This is the final two weeks to join the OneUp Trader Discord and get 20% off. Here’s what you get when you join: The discount ends Friday, July 31. Join the OneUp Trader Discord server, go to the #giveaways channel, and grab your discount code. Join The OneUp Trader Discord & Claim Your 20% Discount Read More…
Gold prices pulled back on Wednesday after jumping by more than 2% the previous session. A downbeat US consumer inflation report led to a drop in expectations for a Fed rate hike, which favored the yellow metal. However, sentiment shifted on Wednesday as focus returned to tensions in the Middle East. US inflation (Source: Bloomberg) Read More…
Introduction Gold futures have spent the past five months unwinding a powerful rally that took the metal from roughly 2,900 in December to an all-time high near 5,414 in February. Since that peak, bears have carved out a persistent downtrend, and gold is now trading at 4,458.5 — testing a zone where a long-term support Read More…
Gold prices eased on Monday and Tuesday after reaching a two-week high on a downbeat US jobs report. The pullback came amid a return to strikes in the Strait of Hormuz, which has paused negotiations between the US and Iran. Meanwhile, market participants are looking forward to the FOMC meeting minutes for more cues on Read More…
Introduction It’s time for another Trader Spotlight, and this week we’re looking at Erfan, a trader whose statistics challenge one of the biggest misconceptions in trading. Most traders believe they need to win more often than they lose. After all, if you’re wrong nearly two-thirds of the time, how could you possibly make money? During Read More…
