Weaker Dollar Helping Following heavy selling at the start of the week, oil prices are trading higher ahead of the weekend. Crude futures have climbed back into positive territory on the week, helped...
XAUUSD H4 | Potential bullish breakout
TitleXAUUSD H4 | Potential bullish breakoutTypeBullish BreakoutPreference:Price is approaching the pivot point of 1966.738 and could potentially move higher from here; we could see momentum carry...
Silver Prices Struggling To Rally
Tough Time for SilverIt’s been a tricky time recently for silver traders. Following the heavy sell off seen across May, the market has since stabilised with price now sitting around 5% higher off the...
XAUUSD H4 | Potential bounce off support
TitleXAUUSD H4 | Potential bounce off supportTypeBullish BouncePreference:Price is currently at our pivot point of 1933.393 which is an overlap support level. A reverse from here, price could rally to...
Gold Breaks Out of Key Bullish Channel as Fed Signals Policy Tightening Will Likely Continue
The two-week consolidation period of gold price around $1950 has ended with a breakdown below the lower bound of the main ascending channel:The risk is increasing that sellers will temporarily seize...
Copper Falls On Soft China Factory Data
Factory Output Falls The latest data out of China overnight has given more cause for concern over the health of the world’s second largest economy. Industrial production was seen rising just 3.5% last...
Gold Lower Ahead of US Retail Sales
Gold Falls Following FedGold prices have turned lower on the back of the Fed meeting yesterday. Despite holding rates steady at this meeting, the meeting showed a clear hawkish skew with the updated...
Gold Muted As Traders Brace For The Fed
Gold Flat Ahead of FedGold prices are looking very muted ahead of the FOMC later today, reflecting some uncertainty in the market. While the Fed is widely expected to pause its 15-month tightening...
BCOUSD H4 | Running into 50% Fibo resistance
TitleBCOUSD H4 | Running into 50% Fibo resistanceTypeBearish ReversalPreference:Price could approach the pivot point of 75.267 and potentially reverse from here; we could see momentum carry price down...
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