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…
On Thursday, gold continued its decline for the third consecutive session. This decline was due to a rally in the dollar and treasury yields following a warning from the US Federal Reserve about a potential rate hike. While the Fed kept interest rates unchanged on Wednesday, its updated quarterly projections indicated the possibility of another Read More…
Recap The last time we looked at Gold, we already identified a symmetrical triangle formation on the daily chart that could be the catalyst for a move in either direction. Yesterday, GC bounced off the low of that triangle and could be allowing the bulls to go long. Before we move on to this week’s Read More…
On Thursday, gold prices remained close to a three-week low due to concerns about higher-than-expected US economic data. This raised worries that US interest rates may remain elevated for longer, strengthening the dollar and bond yields. David Meger, director of metals trading at High Ridge Futures, commented, “We observed some inflationary data exceeding expectations, leading Read More…
Gold prices fell as US data strengthened, overshadowing the Fed’s expected pause. Brian Lan from Singapore dealer GoldSilver Central mentioned, “Market participants seek higher returns, and currently, the dollar appears attractive.” The dollar was heading for its longest weekly winning streak in nine years thanks to robust US economic data. This week’s data revealed a Read More…
When it comes to managing risk in trading, it is essential to understand how to do it effectively. Whether you’re a seasoned trader or just starting your journey into the financial markets, understanding the importance of managing risk is essential to safeguarding your capital and achieving long-term success. This guide will explore why risk management Read More…
