Last week, we analyzed the price action in Gold and maintained a bullish stance on the yellow metal. As we look at the updated price discovery, nothing has changed with GC now moving into a price level to test an important resistance level at $2019. The Gold chart shows a significant recovery from a support Read More…
On Thursday, gold prices rose as the US dollar weakened, but investors stayed on the sidelines due to holiday-thinned trading and uncertainty about the Federal Reserve’s rate path. However, gold was heading for a second consecutive weekly gain. Financial markets in the past week witnessed declining yields and a weakening US dollar, which favor an Read More…
Who is Cesar V. & His Journey with OneUp Trader Cesar V., a remarkable funded trader from Mexico, has achieved an extraordinary feat in his funded trading account. In under 40 days, Cesar withdrew a staggering $76,500 from his $250K funded trading account with OneUp Trader, and he’s currently managing over $50,000 in unrealized profits. Read More…
Gold surged Thursday, with investors factoring in nearly 100 basis points of US interest rate cuts in the coming year. Thursday’s weak US economic data supported this expectation. Futures markets now indicate 98 basis points of Fed rate cuts for next year, up from 73 bps a week ago. US jobless claims (Source: US Labor Read More…
Introduction As geopolitical tensions continue to simmer, gold’s status as a safe-haven asset is once again coming to the fore, driving buying interest in Gold Futures (GC). With an eye on the short-term trends, let’s look into the daily chart for a technical view of where GC futures stand. Resistance at the $2019.7 high The Read More…
Introduction Not much has changed since our previous analysis in GC, as sentiment remains bullish in the medium to long term. There is a small pullback at the moment, which is looking close to providing a long opportunity in the yellow metal though. With the increasing uneasiness in the Middle East, we could see gold Read More…
