Technicals appear bullish in the medium term for Gold. Analysis of the volume profile, Fibonacci retracements, and 100-day Moving Average. Entry and stop loss placement ideas. Daily Chart Analysis In our previous article, we indicated that even though Gold was rallying with strong intent, there was no point chasing the market, but rather ideal to Read More…
Gold bears are targeting lower prices. Spinning top from yesterday’s session on the Daily chart. Price retraces to test the neckline of a head & shoulders on the 2-Hourly chart. Recap From Earlier This Week On Monday 24th, we looked at the slight bounce in Gold prices out of the minor support potentially forming a Read More…
Commodities made a high record for the second consecutive quarter on the 30th of September. The best-performed commodities futures are the natural gas and lumber. This made the Bloomberg Commodity Index (BCOM, -0.32%) to post a rise of about 9% in the third quarter of 2020. In the second quarter, the index rose by about Read More…
