Introduction Gold futures have broken lower since our previous analysis, the support that buyers had been defending throughout late May and early June has broken to the downside. From here it is important to see how the bulls react at this level. If we see continued selling pressure, we could see GC fall to $3,600. Read More…
Introduction When the first OneUp Trader newsletter was published back in July of 2022, the goal was to give traders useful market insight and talk honestly about futures trading, strategies, and what our traders have achieved. Over the past several years, markets have moved through extreme volatility, aggressive interest rate cycles, AI-driven momentum, commodity rallies, Read More…
Introduction Silver futures continue consolidating and have followed gold for the most part. After reaching highs near 420,000 earlier this year, the market pulled back as profit-taking commenced. The current daily chart shows Silver futures trading around 263,500. While the aggressive selling pressure seen during February and March has faded, buyers have also struggled to Read More…
Gold resumed its decline as tensions between the US and Iran escalated on Wednesday. There was a brief rebound on Tuesday after Trump said peace talks with Iran were continuing. On Monday, Iran announced the end of all negotiations with the US due to ceasefire violations in Lebanon. Spot gold (Source: Bloomberg) Gold has suffered Read More…
Introduction Gold futures have responded exactly where traders expected a reaction following our previous analysis. There, we looked at how important the 4,400–4,420 support zone was as well as the rising trendline from the April swing low. Since then, buyers have successfully defended that area and pushed Gold back above 4,550. The daily chart now Read More…
Introduction Dow Jones futures continue testing the record highs after successfully breaking above the previous all-time high earlier this week. In our last analysis, we highlighted the importance of the 50,900 level as buyers attempted to push into price discovery. Since then, YM has done that, but has not broken through with conviction. The current Read More…
