Introduction: Hey there! Have you been keeping an eye on the gold market lately? It's been a rollercoaster ride, and there's a lot to unpack. Whether you're a seasoned gold bug or just dabbling in precious metals, understanding the recent fluctuations in gold prices is crucial. Let's dive into what's been happening with our shiny friend, gold, and explore some...
As we delve into the intricacies of the gold market, it's essential for investors and traders to understand the current economic landscape and how it influences gold prices. Historically, gold has not just been a symbol of wealth but a strategic investment during times of economic uncertainty. Recent trends in the gold market are particularly intriguing. Closing...
Teamsters not 'bailing out' Yellow again The teamsters union says YRC has been poorly managed for years, and they will no longer bail out YRC again. The union said that YRC contacted them advising they will be out of money by August. “ Yellow has been unable to effectively manage itself for a long time,” said Sean O’Brien, Teamsters general president, in a video...
anticipating 1940 key area to stall and build a strong area of demand 400 pip tp & 70 pip SL which shows a great risk to reward
Hi, #XAUUSD is going to face the strong resistance of the red line that’s when we are going to look for a sell order and we are expecting it to bounce back to the buy entry zone at the yellow line. Yellow lines are meduim S/R while cyan are stronger than yellow and red being the strongest and green being the unbreakable zone while pink is the weakest. Let me know...
pick your pill; yellow or blue? Which pattern are we possibly taking for a possible $32 end of bull run 2021 for ADA? Comment below.
With gold showing a low resistance path that could pull it back to the low's that we saw in the last week or so. With many analysts offering a much higher price in the upcoming months to years I feel the uptrend will still be respected. We can see some ranging that could show a pull back to the support around 1700, if a re-test does occur, expect a false...
XAUUSD Technical Overview: Pivot: $1200.20 Day Trading Range: $1196 - $1214 Key Resistance: $1208.45 - $1212.89 - $1215.55 Key Support: $1204 - $1200.20 - $1196.28 Technical Indicator: MACD: MacD is loosing bullish bias. Moving Avg: SMA100 ($1201.03) & SMA200 ($1199.63) strong support for the day. Technical Most Likely Scenario: long positions above...
COMEX:GC1!
The yellow metal’s price movements in the past trading session have become increasingly easy to forecast. Moreover, the future also seems clear. First of all, the bullion has revealed the medium term ascending channel’s borders, which help to predict when the metal will reach above the 1,300 mark. Secondly, the commodity price has reached above the 1,290 mark and...
Quick update in gold.. Price action have been holding up ridiculously well for the past month despite the record pace of rallying in the stock market. SPY: However, the divergence between USDJPY continues which does not bode well for stocks. USDJPY: On the lower timeframe perspective of gold (4~ 12 hour), it does seems that we have made a higher...
Gold is just about to break a new high created since the beginning of January. A break of this level may send gold even higher. However I do suspect a suspect a 3 wave tracement slightly lower before going higher. Leave a comment whether you like it or not, and be sure to follow for more daily technical analysis
Coiling within this range since September 2015, lots of potential stored energy in here. The next breakout candle will be big, I'll be expecting at least $15 within the next 2 months. At a time of this extreme bearish positioning by hedge fund in precious metal, you should be long :) www.zerohedge.com A strong temporary bottom is formed at 13.7 for now. Yellen's...