Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
Gold: bears have great plans
2019-11-11 • Updated
On the daily chart of gold, breaks of the lower border of the upward trading channel and the neckline of the Head and Shoulders pattern may result in a further downfall. The gold continues its downward movement towards $1189 and $1160. A break of the resistance $1209 will allow the Bears to hit these levels.
On the hourly chart of gold, a return of quotes towards $1229 will increase the risks of the realization of the expanding wedge pattern and correction towards $1241 and $1252. If Bears manage to hold the resistance at $1218, there will be a continuation of the downward movement.
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.