ONLINE FOREX BROKER
2020-10-15 • Updated
Gold reached $1 930 at the end of last week. The question back then was whether it would break the roof of the channel or reverse to get to its bottom. It reversed. On Tuesday, it was at $1 890 testing the bottom of the channel. Although it made a spike above $1 910, it got back to the trend’s lower border. So the question now is: will it get back up to cross $1 930 and hit the other side of the channel? Very possibly, but we need to confirm the bullish reversal first.
Going above $1 900 and crossing the 50-MA would be the first step. Passing $1 910 on the way upwards would be the second step. Finally, testing $1 930 would be the third step to expect a new local high – probably at $1 950. So watch those three steps and make sure you are on the ride side of the trend.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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