Having surged through key resistance earlier this month, gold has firmly reasserted its uptrend. Let’s take a look at what’s driving the move and where the next opportunities may lie.
Politics, policy and the perfect storm
The latest leg higher has been powered by a potent mix of politics and policy. Softer US jobs data has markets fully pricing a rate cut...
A key characteristic of uptrends is broken resistance turning into support. Last week’s price action on the FTSE 100 showed clear evidence of this, with buyers defending the prior breakout zone.
Let’s take a look at the potential trigger levels that could fuel momentum, as well as the red flags traders should keep on the radar.
Daily Chart: From Breakout to...
Gold is edging back towards its April highs, pressing into a key resistance zone just as traders brace for another critical US jobs report this Friday. With the dollar under pressure and Donald Trump clashing with the Federal Reserve, gold is firmly in the spotlight this week.
Trump erodes dollar with central bank attack
Donald Trump’s latest clash with the...
Nvidia reports after the bell on Wednesday, and once again the market is treating it less like an earnings call and more like a policy event. At a $4.4 trillion valuation and with eight straight beat-and-raise quarters behind it, expectations are sky high. The numbers themselves are unlikely to surprise. What really matters is how management handles guidance on...
The Bank of England is expected to cut rates by 25 basis points this Thursday, bringing the base rate to 4%. With a likely split vote and uncertainty surrounding Gilt sales, the decision adds more complexity to the UK’s economic outlook.
The Rate Decision
This week’s BoE rate decision is far from straightforward. While the 25 basis point cut is anticipated,...
After a resilient summer run, US equities are now facing a new wave of pressure. Friday’s slide was more than just a reaction to headlines, it may be the first sign of a deeper shift in sentiment.
Jobs Data Disappoints as Tariff Tensions Rise
Friday’s US jobs report was a jolt. Just 73,000 nonfarm payrolls were added in July, well short of the 110,000...
Trailing stops are one of the most underused tools in a trader’s playbook. Most traders spend hours obsessing over entries, but then wing the exit or bail too early the moment a red candle appears. That’s where trailing stops come in. They give your trades room to breathe, while gradually reducing risk as price moves in your favour.
If you’ve ever caught a good...
A Two-Step Filter to Find the Ones That Actually Matter
We’ve all seen them. Long wicks, tight bodies, price rejecting a level. The classic pin bar. Textbook stuff, right?
But here’s the problem. Pin bars show up all over the chart. Some lead to clean reversals. Most do absolutely nothing. The trick isn’t spotting them. It’s knowing which ones to trust.
This...
Investors wanted Elon Musk to double down on EVs. Instead, they got a new political party and another reason to sell the stock.
Musk vs Trump: A Fight Investors Didn’t Ask For
Tesla’s latest sell-off has little to do with earnings or electric vehicles. Shares dropped 6.8% on Monday after Elon Musk announced plans to launch a new US political party,...
A Practical Guide to Figuring Out if What You’re Doing Is Actually Working
There comes a point in every trader’s journey when you stop asking “what indicator should I use” and start asking something much more important.
Is what I’m doing actually working?
It’s an honest question. When the P&L has been chopping sideways or dipping red for weeks, it’s easy to...
Nvidia has powered to new all-time highs, reclaiming its title as the world’s most valuable
company. The move is being driven by a blend of AI-fuelled optimism and technical resilience.
AI spending is alive and well
After a rocky start to the year, Nvidia’s resurgence has been fuelled by a sharp rebound in
confidence across the AI ecosystem. At the company’s...
Gold has pulled back to a key technical level, despite a mix of conditions that would usually support higher prices. This signals a potential shift in how investors are positioning for risk, inflation, and growth.
Gold Ignores the Playbook
You’d be forgiven for expecting gold to be higher. The past week saw softer US dollar action, rising bets on interest...
“Execution is everything.” It’s a phrase you’ll hear time and again in trading circles, and for good reason. Having a solid strategy is important, but it means very little if you can’t stay focused enough to follow through. One moment of hesitation, one distracted click, and the edge you worked so hard to find can vanish in an instant.
Focus is the gateway to...
Crude oil’s conflict-driven rally may have run its course. After surging into resistance last week, Brent has now reversed sharply on signs of de-escalation in the Middle East.
Ceasefire Hopes Trigger a Sharp Reversal
Last week we highlighted that crude oil’s rally on the back of the Middle East conflict had taken the market right into a confluent area of...
Last week’s surge in crude oil following the escalating conflict in the Middle East sparked a wave of momentum buying as traders responded to the rising risk premium. But with prices now testing a key technical barrier, let’s take a look at whether this rally has legs or if it’s already starting to fade.
Escalation Risk Remains, but Has the Market Overreacted?...
With the greenback under pressure, we take a look at EUR/USD, which has just formed an inside day pattern at key resistance. As both macro headwinds and high-impact data loom, the next breakout or fakeout could set the tone for the week ahead.
Dollar under pressure ahead of high-stakes week
The dollar is reeling after Donald Trump reignited global trade...
When it comes to analysing market structure, sometimes less is more. That’s where line charts come into their own. While most traders default to candlestick charts, switching to a simple closing-price line chart can offer a clearer, cleaner view especially when you're trying to quickly assess trend direction, swing highs and lows, or key turning points.
This...
Oil is back at a key level. After a two-legged recovery from May’s lows, Brent crude is now pushing into a heavy resistance zone that traders will be watching closely. Let’s take a look at what’s driving the move and why this area could matter.
Production Lags Behind the Promise
OPEC’s production rose in May, but not by as much as the latest agreement had...
