Introduction Last Week, 6E closed with a green bullish hammer on the weekly chart after 10 out of 11 red weeks. A huge decline in value for the Euro. The selling in the Euro has been volatile, with every buy getting sold heavily into. The bears have been in control primarily because the Dollar has Read More…
Gold rose on Thursday, breaking an eight-session losing streak as US bond yields and the dollar dropped from recent highs. This rise came ahead of the eagerly awaited non-farm payrolls report this week. IG market strategist Yeap Jun Rong commented, “Although there is an attempt at recovery in gold prices today, there is still uncertainty Read More…
Quick Recap Last week, we looked at Gold, and the bearish stance we took has proven to be correct, as the $1,831 target has been hit. Unfortunately, however, it was a difficult short trade to take because GC only painted red candles after the analysis, thus giving us no entry on a retracement. Moving forward, Read More…
Gold prices tumbled on Thursday as investors evaluated recent US economic data and awaited a crucial inflation report. They also closely watched Washington to see if US lawmakers could prevent a government shutdown. Gold also struggled due to soaring Treasury yields, which hovered near their highest levels in 16 years. This rise followed the Federal Read More…
Price action trading is one of retail trader’s and investors’ most popular trading techniques. It involves analyzing an asset’s price movements on a chart to identify trade opportunities, without relying on technical indicators. Mastering price action can take time, but the basic principles are straightforward enough for beginners to understand. This guide will cover the Read More…
Recap Last week our main focus was on the small triangle formation on the Gold daily chart. Recently, price has broken out of the bottom of this triangle as the bears haven proven too strong. There are a few levels we can monitor at the moment and potential ways to trade this setup so lets Read More…
