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 »
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 »
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:
Gold and silver likely to break out Read More »
EUR/JPY tracking German-Japan yield spread
EUR/JPY could extend rally as German-Japan yield spread widens Read More »
Thanks to the rising US bond yields, a number of major FX pairs have recently reversed their trends. The USD/CAD has so far resisted the US dollar’s pressure because of rising oil prices (Canada’s major export commodity). But if the US dollar continues to rise against other currencies, the downtrend for the USD/CAD will likely
USD/CAD bottoming out? Read More »
On Wednesday US tech stocks sold off, as a surge in bond yields weighed on sentiment. Investors dumped stocks with stretched valuations. The weakness has continued into Europe today and judging by the price action on the major indices, we could be heading towards some volatile times. Among the major indices, the German DAX has
DAX prints reversal signal Read More »
