Introduction Our June 10 analysis focused heavily on the importance of the $4,160 support level after Gold broke below the ascending trendline and former support zone near $4,400. The good thing for the bulls is that price was able to hold the support level at $4,165.2. We could see a new test of this level Read More…
Gold remained elevated on Tuesday as the opportunity cost of holding the precious metal fell after news of a US-Iran peace deal. After the announcement over the weekend, traders slashed bets for a December Fed rate hike. At the same time, market participants are awaiting the FOMC policy meeting to assess policymakers’ remarks. The rally Read More…
Introduction If you spend enough time around trading content online, you will eventually hear the term “technical analysis.” For many beginners, it sounds complicated, advanced, and something only professional traders understand, but it is much simpler than you think. Technical analysis is the process of studying price charts to identify trends, patterns, and potential trading Read More…
Introduction A 21-year-old trader from London has withdrawn $10,111 in just 18 days after getting funded for the first time with OneUp Trader. Having joined the funded trader program only a few months ago, Ali was able to turn that first funded opportunity into a successful withdrawal by scalping the E-mini S&P 500 (ES). Trading Read More…
Introduction Bears have taken hold of Gold futures now, with the price breaking well below the ascending support we noted in our June 8 analysis. This reaction in Gold comes after strikes in the Middle East early this week and inflation concerns. The small uptick in the Dollar is also not helping the yellow metal much. Read More…
Gold collapsed on Wednesday as strikes between the US and Iran sent oil prices higher. The renewed tensions have escalated inflation concerns, pushing up expectations for Fed rate hikes. Meanwhile, market participants are eagerly awaiting the monthly US consumer inflation report, which will continue to shape the outlook for monetary policy. Since last Monday, gold has Read More…
