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Introduction Price Action Overview (Past Four Weeks) Over the past few weeks, we see a strong uptrend with price action making higher highs and higher lows. This follows the standard theme this year for gold futures. The price is currently approaching the R1 pivot resistance level (2744.5), which could act as a short-term ceiling. This Read More…
Breakdown of the Setup: The price action shows a clear ascending triangle formation, with multiple tests of resistance at 5,725.75, creating a natural tension between buyers and sellers. The recent breakout above this level confirms the pattern’s completion, and we’re already seeing follow-through. The measured move from the breakout gives us an upside target near Read More…
Equities ended higher on Monday as technology stocks rallied despite thin holiday trading. Risk sentiment improved on Friday after major banks reported positive earnings. Meanwhile, market participants are preparing for the crucial US retail sales report later this week. S&P 500 earnings estimates (Source: Bloomberg Intelligence) Despite poor estimates, the stock market rose as the Read More…
Introduction In our earlier analysis, I mentioned key levels in CL crude futures, focusing on a support zone between $66-$71 and a potential breakout above $78.04. There was an expectation of a rally towards higher targets if the price successfully broke above the descending trendline and the 100-week EMA. With escalating geopolitical tensions involving Iran Read More…
Equities fell by 1% on Monday as market participants absorbed the sudden shift in the Fed’s rate cut outlook. At the same time, fears arose that the escalating Middle East tensions would increase oil prices and affect the global economy. On Friday, the US monthly employment report revealed a jump in job growth and a Read More…
