Gold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold...
After the release of encouraging US economic data recently, Gold prices are showing signs of stabilization following consecutive days of losses triggered by the hawkish tone in the Fed Meeting Minute. FOMC Minutes revealed that Fed officials are uncertain about the level of policy restrictiveness and anticipate a prolonged wait before gaining confidence in...
Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At...
In this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate...
Join us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This...
In this week's XAUUD analysis video, we delve into the recent surge in Gold prices amidst economic uncertainties in the United States. The previous week witnessed a notable uptick in Gold prices amidst the struggle of the US treasury to gain traction. Additionally, the University of Michigan survey revealed a pessimistic sentiment among Americans, with Consumer...
We are intersecting perfectly and have the ability to create a strong reversal here on LNG. Happy Trading :) - TraderDaddyOG
There's still plenty of room for ROKU to move - but to spot this initial takeoff, we need to track movement on lower time frames to see what is being respected. For a long term play however, a pickup by purple can be a good entry Happy Trading :) - TraderDaddyOG
Hello Traders and Investors, today I will take a look at Intel Corporation. -------- Explanation of my video analysis: In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a...
We dive deep into the recent movements of Gold (XAUUSD) following the release of the US Nonfarm Payrolls (NFP) data. On Friday, Gold initially surged to the $2,310 zone after the NFP numbers missed markets' expectations, signalling a cooling jobs market. However, bears quickly took control, pushing the price back into a demand zone identified on the chart. The...
Hello, traders! Today we're spotlighting NASDAQ:CDNA (CareDx, Inc), which is exhibiting a compelling long-term Channel Up reversal structure. This formation indicates a robust bullish sentiment, which could potentially lead the stock to revisit its all-time highs and even explore new price levels in the coming years. Chart Analysis: Pattern: Channel Up...
Last week, Gold attempted to extend its decline as the USD gained strength following the release of the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March. This data exceeded expectations, with the annual underlying inflation rate accelerating to 2.7% from the projected 2.6%, albeit slower than the 2.8% recorded in...
Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...
In the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate...
Gold prices surged to a record high last week, marking their most impressive monthly performance in over three years. This remarkable rally was primarily fueled by mounting expectations of U.S. interest rate cuts and robust safe-haven demand. Furthermore, escalating geopolitical tensions on a global scale may drive investors towards gold as a preferred neutral...
Gold takes a step back in the wake of sizzling US inflation data and the Federal Reserve's cautious approach towards policy easing. The anticipation of the US Federal Reserve's easing cycle gets a reality check as robust US economic data pushes back the much-awaited commencement. Fed Chair Jerome Powell's call for patience aligns with the hotter-than-expected...
We would love to see yellow strong buying continue to guide price out of our selling algos. First step is a breakout of strong selling purple and then we expect a fight to occur between strong yellow and more tapered blue. Soon enough if blue or yellow holds price (bullish buying continuation) we will see a retest of our teal selling algo and that will be our...
The Gold price (XAU/USD) surges to a new record high above $2,180 as yields on 10-year US bonds dip to 4.04% following the release of the US NFP data. According to the US Bureau of Labor Statistics, the Unemployment Rate climbed to 3.9%, exceeding expectations and up from the previous 3.7%. While Nonfarm Payrolls for February surpassed projections at 275K...