Gold prices eased on Monday and Tuesday after reaching a two-week high on a downbeat US jobs report. The pullback came amid a return to strikes in the Strait of Hormuz, which has paused negotiations between the US and Iran. Meanwhile, market participants are looking forward to the FOMC meeting minutes for more cues on Read More…
Introduction It’s time for another Trader Spotlight, and this week we’re looking at Erfan, a trader whose statistics challenge one of the biggest misconceptions in trading. Most traders believe they need to win more often than they lose. After all, if you’re wrong nearly two-thirds of the time, how could you possibly make money? During Read More…
Introduction Gold futures have continued moving exactly as we discussed in our previous analysis. After breaking below the major support zone around 4,165, sellers have remained firmly in control, pushing GC below both the 50-day and 200-day moving averages. When we first looked at the price action in GC, it was more on the side Read More…
Gold prices wallowed near lows hit in the previous session as traders worried about a fragile ceasefire deal between the US and Iran. At the same time, gold ended June in the red amid a surge in Fed rate hike expectations. Market participants are now eagerly awaiting the US nonfarm payrolls report for further clues Read More…
Introduction Most traders believe the key to success in financial markets is finding the perfect strategy. They spend months testing indicators, switching systems, watching YouTube videos, and searching for the ‘holy grail’ that finally changes everything. At first, this feels like progress because learning new concepts creates the impression that success is getting closer. But Read More…
Gold continued sliding on Tuesday as demand fell amid a rally in Treasury yields. The precious metal started falling after the Fed held a surprisingly hawkish stance last week. Afterwards, rate hike expectations soared, increasing the opportunity cost of holding gold. It also overshadowed optimism from easing geopolitical tensions in the Middle East. Bullion has Read More…
