In this technical article we’re going to take a quick look at the Elliott Wave charts of GOLD commodity ( XAUUSD ) , published in members area of the website. As our members are aware, XAUUSD recently completed a 3-wave recovery against the 2726.1 peak. The commodity found sellers right at the equal legs zone….
Gold Creeping Upo to Test $2700! – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Gold climbs to $2,664 but faces pressure from a strong US labor market and Trump’s assertive tariff plans. Trump’s unexpected remarks on reclaiming the Panama Canal and imposing tariffs on neighbors bolster the US Dollar. People’s Bank of China boosts gold reserves, signaling increased demand as global economic uncertainties persist. Gold price advanced late in…
Why Can’t I Compete With the News Trading Algos? Global traders are addicted to news, whether it be economic, monetary policy, political or geopolitical. Who can blame them as news equates to volatility, especially when there is a surprise. However, the reality is the average forex trader cannot compete with the news algos,…
Markets are bracing for a chunky few debt issuance this week in the US. Fed interest rate projections see a cut in January out of the cards at the moment, ahead of the FOMC Minutes later this week. Gold price is moving within a pennant technical formation, respecting both upside and downside. Gold’s price (XAU/USD)…
Markets are facing knee jerk reactions after President-elect Trump pushes back on rumors around universal tariffs. Earlier this Monday headlines emerged that President-elect Donald Trump was possibly mulling to impose a universal tariff for critical imported goods. Gold price remains stuck in a pennant technical formation as pressure builds for a breakout. Gold’s price (XAU/USD)…
Gold price holds steady around $2,640 in Monday’s early Asian session. US Manufacturing PMI improved to 49.3 in December vs. 48.4 prior, stronger than expected. Sustained geopolitical risks and a wave of purchases by central banks could lift the Gold price. The Gold price (XAU/USD) struggles to gain ground near $2,640 during the early Asian trading hours…
Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin (BTC) and precious metals are set to explode on the back of rampant central bank money printing. Kiyosaki tells his 2.6 million followers on the social media platform X that a “giant” market crash has arrived that will force the financial system to create more money,…
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Trading Tip: Beware of a New Year Whipsaw While this year may turn out to be different given the new U.S. president and policies (e,g, tariffs, tax cuts, etc) could impact the bond and global markets, I would be remiss not to give a warning to beware of start of a New Year…