Gold prices extended losses on Wednesday as risk appetite improved and demand for safe-haven assets dropped. The yellow metal fell about 1% on Tuesday after Trump put in place measures to ease the impact of ongoing automobile tariffs. At the same time, trade tensions between China and the US continued easing, weighing on gold. Gold Read More…
Tag: gold futures (GC)
Can Gold Futures (GC) Bullish Run Keep Going?
Context: 2025’s Market Chaos Is Gold’s Fuel Gold’s explosive rally has been fueled by macro turmoil: Gold has outperformed equities, bonds, the dollar, and even oil. That alone demands attention. Technical Analysis – Daily Chart Breakdown Trend Structure: Bullish and Intact Flag Formation or Consolidation at Highs? RSI and Momentum Indicators 🟢 Bullish Case Potential Read More…
Gold Slips as Treasury Comments About Easing US-China Trade Fears
Gold extended Tuesday’s decline as risk appetite improved after the US Treasury Secretary’s comments on the US-China trade war. Market participants now expect a de-escalation in the trade war, which is bearish for gold. At the same time, Trump halted his attacks on Fed Chair Powell, further improving investors’ sentiment. Spot gold (Source: Bloomberg) Gold Read More…
Portfolio Manager Withdraws $16K From Funded Trader Program
Introduction At age 34, Marco, a professional portfolio manager from Vienna, Austria, tried to prove his skills in the world of futures. Backed by a master’s degree in economics and five years of trading experience, Marco has made a total of $16,472 in withdrawals from two of his OneUp Trader accounts! Marco didn’t start from Read More…
Trade Tensions Spark Gold Rush, Pushing Prices Beyond $3,300
Gold prices hit a record high of over $3,300 on Wednesday amid growing trade tensions between China and the US. Investors continued buying the safe-haven metal to protect against the risk of a US recession. Meanwhile, recent US inflation data piled pressure on the Fed to lower borrowing costs, further supporting gold prices. Spot gold Read More…
Is It Over for the Dollar? Death Cross SMAs Raise Red Flags
Asset: U.S. Dollar Index (DXY)Timeframe: Daily📆 Date: April 16, 2025💰 Current Price: 99.53 Macro + Technical Overview The U.S. Dollar is under significant pressure, now trading below the critical 100 psychological level and hovering around a key support zone (~99.00–99.50) that dates back to mid-2023. Adding weight to the bearish tone is a textbook “death Read More…