Investors are growing more worried that a recession will occur in 2023. Initial claims for unemployment benefits increased by 2,000 in the US. US gross domestic product expanded at an annualized rate of 3.2% last quarter. Gold prices recovered slightly on Friday after a big collapse. Robust economic figures fanned concerns that the Federal Reserve’s Read More…
There are increased recession worries as major central banks continue hiking rates. The Bank of England may be nearing the end of its tightening cycle. Retail sales in the United States declined more than forecasted in November. Gold prices increased on Friday as the safe-haven dollar decreased, giving up some significant gains in the previous Read More…
There is a minor support zone at $1,786 we are still monitoring closely Rising wedge, triple bottom, and bearish divergence are giving clearly defined targets Recap From December 7th The minor support zone at $1,786 is back in play once we mentioned GC may bounce out of it from our analysis on December 7th. Gold Read More…
Introduction Daniel is a futures trader from Colombia who has adopted the momentum trading approach. He uses a combination of indicators such as the Keltner channel, simple moving averages, Renko bars, and order flow cumulative delta. Daniel is very disciplined in his approach and doesn’t try to achieve perfection. He has leveraged the OneUp Trader Read More…
Gold retracement gives a possible long reentry for the Bulls. Rising wedge pattern identified on the 4-hour time frame. Market overview as we approach the Fed meeting next week. Quick Recap Gold Futures pushed through the $1,780 level mentioned in our analysis on December 2nd. The price has retraced from a recent high of $1,822.9 Read More…
The first target of $1,780 is very close to being hit as Gold rallies. Potential catalysts that could send the price lower. Quick Recap On Last Week’s Gold Analysis The bounce off the 100 EMA, Point of control, and 0.236 Fibonacci retracement level has already resulted in Gold gaining about 25 points since we did Read More…
