Gold prices collapsed on Tuesday, weighed by a stronger dollar after upbeat US sales data. At the same time, investors preferred the safe-haven dollar amid uncertainty regarding a deal between the US and Iran to end the war. US sales (Source: US Department of Commerce) Data on Tuesday revealed that retail sales in the US Read More…
Introduction The dollar has transitioned out of its prior uptrend and is now trading inside a well-defined range, roughly between 96.20 and 102.00. The strength we saw earlier in the year was driven by the conflicts in the Middle East. Now that Donald Trump continues to show how unreliable he is, the market is losing Read More…
Gold rebounded on Wednesday after Trump agreed to a two-week ceasefire. This put a brief pause to the war between the US and Iran. The news came as a relief to investors who were worried about rising oil prices. Meanwhile, market participants eagerly await US inflation data due on Friday. In the previous sessions, gold Read More…
Introduction Gold finally had a retracement since the record-breaking rally started in February of 2024. The pullback was 27% from its high in January, but the 200-day moving average held its line. A bullish candle formed on the day the price tested that moving average and bounced. The key event was the breakdown from the Read More…
Introduction For the first time, we are featuring a funded trader from Kyrgyzstan! This landlocked country in central Asia has produced a phenomenal trader who has withdrawn a total of $18,250 to date. Ilya signed up with OneUp Trader in May 2024 and has steadily developed his skills since then to become the trader he Read More…
Gold futures soared to two-week highs on Wednesday. Prices remain volatile due to changing expectations about the Middle East conflict and US monetary policy. Bullion lost some of its small gains from the Asian session but managed to recover back above $4,700. Investors are pricing in Trump’s comments that Washington could end its military operation Read More…
