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 »
