Introduction It has been about 4 months of consolidation in US equities if looking at the weekly or daily chart. Now it looks like NQ is starting to break out. The volume is high, resistance has been broken, and the price is starting to settle into a trend instead of being stuck in a range. Read More…
Introduction Your next OneUp Trader evaluation could be complete in as few as five trading days! On September 16, we launched Eval Pro, a new OneUp Trader account type that gives every customer the opportunity to qualify in just 5 days, with all other rules remaining the same. We’re also updating Express accounts to give Read More…
Introduction Gold futures bounced out of the support zone around 4,000, the turquoise rectangle on the chart, and that bounce ran into more or less a 17% rally. From the previous high on 25 August we’ve had a small pullback of about 8%, which is a 50% retracement, and that’s a good place to see Read More…
Gold fell on Tuesday, extending its decline from the previous session after an upbeat US jobs report increased Fed rate-hike expectations. At the same time, rising geopolitical tensions increased inflation worries. It recovered early Wednesday as market participants geared up for the US CPI report. Since last week, tensions in the Middle East have driven Read More…
Introduction Gold futures are pulling back after a strong rally stalled at the 61.8% Fibonacci retracement (4,683) and the 200-day moving average (4,638). Those two levels were close together, and that’s where the resistance came in. On the 2 September session price is 4,356. The 78% Fib near 4,400 has given way, and the 50-day Read More…
Gold prices collapsed on Tuesday as rising tensions in the Middle East ignited inflation worries, sending Treasury yields higher. At the same time, Fed rate hike expectations continued rising after Warsh’s hawkish comments on Friday.
