Here’s a quick video of my thoughts on gold and key levels to watch for tactical trade ideas on the precious metal. Or if you prefer to watch the same video on YouTube… If you want to learn how I turn my analysis reports and videos into actual trade ideas, subscribe to my premium trade …
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. …
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 …
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 …
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 …
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, …
After the recent crypto carnage, there might be light at the end of the tunnel…
S&P testing resistance
Thanks to falling yields, precious metals are looking constructive again. Gold has rebounded after testing the $1810 support level for the past two days and it looks poised to break its bearish trend line around $1825/30 as it continues to make bullish price action beneath it: Silver has already broken from its falling wedge pattern: …
EUR/JPY tracking German-Japan yield spread
