Gold continues to edge higher as fears of an escalation of the Gaza conflict and falling interest-rate expectations support the metal. US inflation data out this week could color expectations of the trajectory for interest rates. The precious metal is trading in an up leg within a sideways trend, with a risk it could extend…
My dream was to be able to travel, live a nice life and trade in the same time.”Unfortunately ” i love trading. Took me over 10 years and a lot of lost money, bad habbits and overtrading to realize i cannot continue like that…either i give up and go to a factory to work…
Weekly Charts Analysis 12.08.-16.08. XAUUSD – Gold Weekly Chart Supports : 2415.00 , 2395.00 & 2300.00 Resistances : 2460.00 , 2475.00 & 2490.00 Weekly close indicates continuing Bullish sentiment and possible break out over 2500.00 In such a case, next hurdle is at 2600.00 Only break below 2300.00 would put an end to…
This Real tick MT5 Back test started at $5k finished at $35,000,000 million. 7000x the initial deposit !!! Statistics at end of article Duration: 6.5 years, Jan-2018 to Jun-2024Real Broker Ticks ( The most in depth setting on MT5 Strategy Tester )Data Terminal: Darwinex MT5Leverage : 33-1 ( Low Leverage )Over 6,000 tradesSymbols : $USDJPY,…
Gold price remains broadly firm on multiple tailwinds on Friday. Investors are divided over the size of Fed rate cuts in September. Fed officials acknowledge the softening of inflation and slowing labor demand. Gold price (XAU/USD) rises to near $2,430 in Friday’s New York session. The precious metal’s near-term outlook remains firm on strong speculation that the Federal…
Gold and the USD are often intertwined. Amid the recent drama surrounding the US Federal Reserve and its indecisiveness regarding interest rate cuts, this topic is more poignant and relevant than ever. This saga provides the perfect segue to the upcoming Finance Magnates Pacific Summit (FMPS), taking place in just a few weeks on August…
The commodity market plays a crucial role in the global economy. It influences everything from the price of food to the cost of energy. However, when global conflicts arise, this market becomes increasingly volatile. The war impact on commodities is immediate, leading to price fluctuations, supply chain disruptions, and investment uncertainties. Investors who are keen…
Gold price struggles to capitalize on the previous day’s strong rise of nearly 2%. The upbeat US labor market report underpins the USD and acts as a headwind. The risk-on impulse further caps gains, though Fed rate cut bets offer support. Gold price (XAU/USD) rallied nearly 2% on Thursday and snapped a four-day losing streak…
Forex Trading Glossary – L LagThe number of bars that an indicator trails the current price. For example, a moving average will peak by a number of periods after the market price peaks. This period is generally half the length of the moving average. LeadThe number of bars that an indictor designed to change…
Gold Dives $100 as Dollar Pullsback – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link