Why have gold and silver fallen on the surge of War on Monday, and why they both rose after Trump’s comments about a near ending of the War? Is Gold losing its safe haven status to oil? Perhaps the US dollar? 70-second video here.
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As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in Gold Miners ETF GDX . The ETF completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections,…
On Monday, the US stock indices corrected after hitting record highs at the end of last week. The Dow Jones (US30) decreased by 0.51%. The S&P 500 (US500) fell by 0.35%. The tech-heavy Nasdaq (US100) closed lower by 0.46%. The primary pressure once again came from the technology sector amid growing doubts about the justification…
XAUBlitz EA: An In-Depth Review XAUBlitz EA M5 is an advanced automated trading robot specifically designed for the gold market (XAUUSD) using the M5 timeframe. This sophisticated tool is tailored for traders interested in capitalizing on short-term price movements, commonly known as scalping. In this comprehensive review, we will explore the unique features, advantages, and…
By Rae Wee and Linda Pasquini LONDON/SINGAPORE (Reuters) -The euro rose slightly against the dollar on Wednesday while the yuan hit its strongest level in over a year, as China’s aggressive stimulus package provided the latest shot in the arm for risk appetite. The U.S. dollar – a traditional safe-haven currency – came under pressure…
Geopolitical events and forex form a complex nexus that significantly impacts global financial markets. The relationship between major geopolitical upheavals and the forex market is undeniably profound, influencing exchange rates, oil prices, and global economic stability. Every trader should understand this dynamic to navigate the unpredictable waters of currency exchange. Geopolitical risks, from military conflicts…
US equities pulled back modestly midweek, but the broader picture for investors remains one of a strong year nearing its conclusion. The S&P 500 slipped about 0.2% on Wednesday, matching declines in the Nasdaq Composite, while the Dow Jones Industrial Average fell roughly 0.5%. The market is on a mild three-session losing streak, yet the…