Introduction Gold futures (GC) have surged to $2,799, marking a strong gap up and a direct test of the all-time high (ATH). This breakout attempt follows the completion of a bullish symmetrical triangle pattern. The market remains highly reactive to macroeconomic conditions, with gold benefiting from inflation concerns, central bank policies, and renewed safe-haven demand. Read More…
Tag: gold futures (GC)
Gold Stabilizes Post-Rally as Fed Decision Looms
Gold prices remained steady after Tuesday’s rally as market participants anticipated the US Federal Reserve policy decision. The rebound in the previous session came as investors absorbed Trump’s recent comments on tariffs. The US Central Bank will conclude its meeting later on Wednesday. According to economists, policymakers will likely vote to keep rates at current Read More…
Gold Glimmers Near Highs After Trump’s Inauguration Speech
Gold prices held near a two-month high on Tuesday as the dollar eased after Trump’s inauguration speech. At the same time, the yellow metal benefited from safe-haven inflows amid uncertainty regarding Since last week, gold prices have been on an uptrend due to a weak dollar and Treasury yields. Notably, data last week supported at Read More…
Gold futures technical analysis – January 17, 2025
Introduction Gold futures (GC) are trading at $2,730.7, consolidating near the upper boundary of a symmetrical triangle pattern. Despite briefly testing the breakout zone, the move lacks strong follow-through, leaving the potential for a retracement back toward the triangle’s support line. Both bullish and bearish scenarios remain in play, and traders should monitor critical levels Read More…
Gold Shines Brighter as Inflation Data Weighs on Yields and Dollar
Gold prices rose on Wednesday as Treasury yields and the dollar eased due to softer-than-expected inflation figures. At the same time, the yellow metal remained in demand amid uncertainty regarding the upcoming Trump administration. The dollar and Treasury yields paused their recent rally after inflation figures on Wednesday came in slightly cooler than expected. The Read More…
Trading Gaps Strategies Explained
Introduction Trading gaps are a common pattern in trading and markets, but not many traders know how to trade them correctly. First, we must begin with: What causes them? What are their features? And most importantly, how can you use them to make profitable trades? In this guide, we’ll answer all of those questions and Read More…