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Gold
Gold Price Analysis — January 30
30 Jan 2021 @ 18:02
Gold Price Analysis — January 30 Gold (XAU/USD) maintained its bearish tone through the early European session on Wednesday and was last spotted trading around the $1845 area. The bearish momentum was solely sponsored by a goodish uptick in the US dollar, which tends to undermine demand for the dollar-denominated commodity. The greenback saw a fresh […]
Gold Price Analysis — January 6
07 Jan 2021 @ 08:54
Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final […]
Gold Price Analysis — December 16
16 Dec 2020 @ 21:58
Gold (XAU/USD) inched lower in the early European session on Monday and has recorded a fresh daily low of around $1825. The renewed selling pressure got sponsored by the prevailing upbeat market mood as a result of the blooming optimism over the rollout of COVID-19 vaccines by Pfizer (NYSE: PFE). Investors’ risk mood got further […]
Are there the best and the worst months to trade?
09 Dec 2020 @ 22:44
The first time I set my eyes on a Meta Trader platform, I doubted I would be able to master its use, since the figures and features I saw seemed daunting to me. When I even heard about candlesticks, I didn’t know what it meant. Stupefied, I wondered whether I’d need to light some candles […]
Teach Yourself Technical Analysis
11 Oct 2020 @ 14:46
THE TECHNICAL ANALYST HAS BECOME AN ENDANGERED SPECIES According to Investopedia.com, technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security’s intrinsic value, technical...
XAU/USD Price Analysis — October 9
09 Oct 2020 @ 22:25
Gold (XAU/USD) has refreshed its daily highs around $1898 and is currently trading at $1891 (+0.5%) in the early European session. The precious metal regained bullishness following reports that US President Donald Trump was willing to give aid to airlines and small businesses. However, charters concerning the European Union’s steel tariff on several Asian countries […]
Gold Price Analysis — September 2
03 Sep 2020 @ 09:46
Gold (XAU/USD) traded through yesterday’s North American session with a mild negative bias and was last spotted trading around the $1970 level. The mild negative bias from yesterday continued into the European session on Wednesday after extending its overnight correction slide from its two-week highs. The bearishness was induced by a combination of factors. A […]
How do I control my trading risk?
13 Aug 2020 @ 16:21
RISK CONTROL TECHNIQUES IN TRADING Risk is ever present in trading, just as it is in other areas of life. The good news is that the risk inherent in trading can be controlled effectively, thus enabling you to be permanently triumphant. No-one on earth can trade repeatedly without any loss, no matter the trading strategy adopted. […]
Gold to End Next Week With a Bang
01 Aug 2020 @ 21:15
Gold (XAU/USD) jumped to a fresh all-time high, around the $1,984 level in the early European session, before retreating lower. Following yesterday’s profit-taking-triggered slide to the $1,940 area, the yellow metal was quick to bounce back and is set to end the week in a grand style. The bull run marked the tenth consecutive bullish […]
Battle styles in the war room
01 Aug 2020 @ 20:51
Trading is a highly competitive human endeavor, but it is also highly rewarding. The financial markets can adeptly be compared to a battlefield; therefore a trading room can be likened to “a war room,” where you engage the markets. Victorious soldiers of the financial markets are those who make average gains that are bigger than […]
