Technical recap Gold has been in an uptrend for 2023 and is up nearly 30% since the November 2022 low. There is something that has put some fear into bulls for the time being, though, and it is a big inverted hammer on the daily chart. Inverted hammer This particular candlestick is extra powerful because Read More…
On Thursday, gold reversed course and fell as the dollar rose. Poor US economic data did not alter expectations of another interest rate hike. This is because inflation remained high. Data showed that the US gross domestic product expanded slightly slower than expected in the most recent quarter. The US government released a preliminary estimate Read More…
Recap The last time we looked at Gold, we saw the price approaching all-time highs. The market is still hovering around the same level as from the time that article was posted back on April 11th. From here, we can look at what we see could be the best path forward regarding the price action in GC. Read More…
On Thursday, gold prices surged above the crucial $2,000 barrier once more as the dollar and Treasury yields declined. Weak US economic data supported the argument for the Federal Reserve to stop raising interest rates. A different data set revealed fewer existing house sales and significantly lower-than-expected factory activity in the mid-Atlantic region. At the Read More…
On Thursday, gold rose when additional negative US data supported predictions of a pause in Fed rate hikes. There were also fears of a mild recession which sent investors scrambling for safe-haven assets. The dollar and Treasury yields fell after data revealed a slowing in the increase in producer prices last month and an increase Read More…
Meet Jesus Cubillos. A futures trader at OneUp Trader who has made a name for himself in the industry. Based in Cumming, Georgia in the United States, Jesus has an account size of $150,000 and has withdrawn $5,500. The widrawals were sent to him within 2 business day after being requested which in unheard of Read More…
