Technical analysis Crude oil futures have been trading at $80 and have been struggling to break out of a resistance zone. This resistance zone has been a major hurdle for the bulls as they attempt to push the price higher. If the price does begin falling below $78, then the bears will likely target the Read More…
Gold price (XAU/USD) is currently at $2007 early on Good Friday. The lack of liquidity due to the holiday and cautious sentiment ahead of the release of March US job data is causing XAU/USD to remain defensive. It is important to note that recession fears have affected gold prices, but the disappointing US dollar has Read More…
On Thursday, gold prices increased by almost 1% as demand for the precious metal increased due to a weaker dollar and lower bond yields. At the same time, investors awaited US inflation data to determine the Federal Reserve’s next move. The dollar index dipped 0.5%, making gold more attractive for foreign buyers, while benchmark 10-year Read More…
What is Trader Mindset? Trader Mindset are one-on-one sessions with Jay where we figure out the best path forward toward success. There are many psychological aspects we will cover, including discipline, thinking in probabilities, importance, trading plans, how to release the outcome, and more. Because trading is so accessible today, people falsely believe they can Read More…
Technical analysis Let’s get straight to the point and look at what the Dow is doing. At the moment, price has found a substantial amount of support between $32,000 and $33,000. I have made the chart clear to show just the candlestick patterns because that is the primary driver we are going to be using Read More…
Gold prices increased on Thursday with a weaker US dollar following the FOMC’s announcement of a dovish interest rate hike, indicating its tightening campaign may end. Gold traders are elated again after the Federal Reserve confirmed Wednesday’s anticipated small 25 basis point interest rate hike. After retracing from year-to-date highs on Monday and Tuesday, the Read More…
