Intorduction Gold has been an exciting asset to watch in 2023 as there have been periods where it has followed the Dollar, which it generally should diverge from. The yellow metal was up 30% at a stage from its lows made in November of last year to the recent highs made in April, but there Read More…
Recap Our GC analysis has been spot-on since the start of these articles, and last week was no different. Today we will take a look at how the trade ideas from last week are coming into play today. Read the previous article here. Technical analysis 100-Day MA: Price is bouncing off the 100-MA on the daily. It Read More…
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…
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…
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…
Gold is now only 12% away from 2022 highs. Critical technical indicators that help us understand recent price action. Analyzing an Orderblock and Moving Average Band for Improved Entries. Gold Up 2.6% So Far in 2023 It’s been a positive start for Gold, with the yellow metal up 2.6% in the first week of trading Read More…
