Technical Analysis Trading Psychology

Opportunities emerge as long awaited gold futures pullback arrives

Emphasizes the importance of objectivity and a probabilistic mindset in financial markets. Discusses the dangers of making decisions based on emotions and highlights the benefits of being aware of this. Provides technical analysis of the current state of gold futures (GC), including key levels to watch and a potential entry strategy. An important psychological point Read More…

Technical Analysis Trading Psychology

Gold Futures (GC): Bulls strong but RSI calling for pullback

Gold completes a bullish break of a rising wedge pattern on the daily chart. RSI is overbought and showing signs of a possible consolidation or retracement. A very interesting story about a gold futures trader who did not close his position in time. Rising Wedge Update Last week we looked at the rising wedge in Read More…

Fundamental Analysis

Gold Prices Poised for a Fourth Week of Gains

There are predictions that the US Federal Reserve will raise interest rates more slowly. Consumer prices in the United States declined in December. Initial claims for state unemployment benefits decreased by 1,000 last week. Gold prices were expected to increase for a fourth straight week, helped by a weaker dollar and predictions that the US Read More…