Gold

Precious metals are popular financial instruments that can help investors mitigate some of the financial risks that arise in times of economic turbulence. If you’ve never invested in these commodities before and are unsure of where to start, simply keep on reading. Our fascination with precious metals can be traced many centuries back, when gold […]

Gold’s decline since its multi-month high has not gone unnoticed, yet there are indications that mean reversion could soon be on the horizon. Since August’s low, gold had gained increasingly bullish attention which saw it trade nicely within a tight bullish channel. That is, of course, until a bearish pinbar marked its high before rolling […]

Investors seeking safe haven assets and aggressive buying from Central Banks and ETF investors have been spurring the latest increase in gold prices across the globe. Gold prices have been rising over the past couple of months, driven by the sharp stock market selloff and the growing trust and interest of buyers in the gold […]

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you’re not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it’s not. In decades of working with billionaire hedge fund […]

TIMELY EXIT “Successful Trading Is Not About Being Right.” – VTI What is your tolerance for pain? Consider the following scenario. You have 10% of your account balance on the line. For the past two days, prices have been going in the direction you had anticipated, but today, an announcement was made that caused a […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a bear market. In August price dipped by over 6000 pips, reaching around the support level of 1160.00 (a support level). From there, price moved upwards by 5000 pips and then moved sideways till the end of the month. All this happened in the context of a downtrend; […]

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines. Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has ended its recent short-term neutrality by dropping 5000 pips in July. In fact, the current dominant bearish bias started on April 11 (following a long period of a boring, choppy market), and price has dropped over 15,000 pips since then, resulting in a Bearish Confirmation Pattern in the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the long-term, and bullish in the short-term. Last week, after testing the support line at 1.1600, price went upwards by 150 pips, to test the resistance line at 1.1750. Price can still go further upwards towards the resistance lines […]

In response to our prior Gold analysis, the shiny yellow metal’s trendline folded and a decisive break of $1300 ensued. But since finding support around $1260, can the bears take it to fresh lows? The daily chart clearly shows the magnitude of the bearish break out from compression which had, up until that point, provided a […]