Gold prices have risen along with equity markets today. But nothing has changed fundamentally to suggest it is going to make a major comeback yet. So I reckon it will head lower again after this latest bounce. Indeed, the very fact it has bounced ahead of its prior low makes it look suspicious to me.
Gold could take out September low Read More »
For those of you have followed my analysis over the years, I am not a big fan of double tops or triple tops. In fact, I often look for these setups to fail, simply because there will be a lot of stop loss orders above them. These stop loss orders – or a pool of
Trading Failure of double/triple tops Read More »
It has been a while since I last created a post. Instead of the usual market analysis articles, I have decided to update an existing article (this one) with some fresh content. This is above all an educational article. I wanted to share examples of how I look for trade setups. My aim is to
How I look for trade setups Read More »
The Nasdaq 100 has reached a key resistance zone here after a sharp recovery over the last few days: As you can see, the tech-heavy index is testing a bearish trend line around the 14200-14300 area. Here, we also have the 21-day exponential moving average coming into play. What the bears would like to see
Nasdaq 100 testing trend line Read More »
Silver has been trying to break out above its 200-day moving average on several occasions in recent months, and after several attempts it looks like the bulls are finally managing that today: Silver still needs to close above the 200 MA for confirmation, but given gold’s earlier breakout, and rising risk aversion in the markets,
Silver finally breaks 200-day average Read More »
After the recent crypto carnage, there might be light at the end of the tunnel…
Cryptos testing key levels Read More »
