Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Gold Bullish or Bearish

Recommended Posts

On the spec trades, as ‘planned’ at

http://www.traderslaboratory.com/forums/market-analysis/12054-gold-bullish-bearish-44.html#post179017

was stopped out last Thu near 22.30

and, as planned, took on three loads at ~21.67 and one at ~20.67 last night – each load scaled arithmetically larger than previous…

Have two more scaled load limit orders at 19.67 and 18.67 to reach full allocation for this trade. May have to wait a while… or later, may have put stops above (oco’ing the limits) to fill the allocation instead ... I remain overall bullish on PM’s … but this ‘correction’ may last for some time… it has already become a long drawn out affair... largely a rotation out of etf's, etc. into physicals

 

 

all the best.

 

zdo

 

 

Hello Zdo, is your long silver a long term bet? What is your plan regarding trade management and do you mind sharing your rationale?

 

Also is there a particular reason why you buy silver instead of gold?

 

After yesterday's rally, I see very good support in both gold and Silver and I am bullish.

Share this post


Link to post
Share on other sites

Some things to remember amid the volatility of the gold price...

 

When volatility prevails in the gold market, I love seeing so many different opinions because it promotes critical thinking and healthy markets, writes Frank Holmes, CEO and chief investment officer of US Global Investors.

 

But because gold is unlike any other commodity, many perspectives can be extreme, such as "golden Freud" who take pleasure in gold bugs' pain.

 

With this in mind, here are four facts to remember about gold that should help neutralize those extreme bullish and bearish views.

 

Please check the link given below for more info -

 

Gold Bullion: 4 Fundamental Facts | Gold News

Share this post


Link to post
Share on other sites

from Larrys post....thanks.

I thought this was interesting - given everyone keeps thinking the run up in gold is based on the USD and the continual curse of the fiat currency - and yes of course there is probably some element of truth there.....but its amazing how then people think everything is based on this when if its true that half of the actual demand comes from two places outside the USA, it makes you wonder if those who think they know what is driving the gold price really have any idea. (which is why i am not such a big believer in the grand manipulations)

 

3. A lack of love from the Love Trade is affecting fundamentals

 

The Love Trade, on the other hand, is the buying of gold out of an enduring love for gold. Two emerging countries that make up almost half of gold demand—China and India—have had a long relationship with the precious metal that is intertwined with their culture, religion and economy. With half of the world's population buying gold for their friends and family, it's important to put into context what is happening in their countries.

Share this post


Link to post
Share on other sites

Sure you can print more (ETF) gold

 

Some things to remember amid the volatility of the gold price...

 

When volatility prevails in the gold market, I love seeing so many different opinions because it promotes critical thinking and healthy markets, writes Frank Holmes, CEO and chief investment officer of US Global Investors.

 

But because gold is unlike any other commodity, many perspectives can be extreme, such as "golden Freud" who take pleasure in gold bugs' pain.

 

With this in mind, here are four facts to remember about gold that should help neutralize those extreme bullish and bearish views.

 

Please check the link given below for more info -

 

Gold Bullion: 4 Fundamental Facts | Gold News

Share this post


Link to post
Share on other sites

Some things to remember amid the volatility of the gold price.

........

With this in mind, here are four facts to remember about gold that should help neutralize those extreme bullish and bearish views.

Then proceeds to point out only the bullish points.

 

Well what can you expect from a site that touts Gold. :doh:

Share this post


Link to post
Share on other sites

Listen to Marc Faber - well-known longterm Gold Bull - that he is buying Gold and will continue buying more Gold but that he doesn't, repeat doesn't believe in the manipulation conspiracy theories.

 

Funny though that he points out Gold is up 400% from its 1999 low but then say S&P 500 is only up 2% above its alltime high. An apples to watermelon comparison taking one from its low and one from its high. Meaning only Gold buyers catch low entries.

 

 

http://finance.yahoo.com/video/dr-doom-government-away-gold-125241493.html

Share this post


Link to post
Share on other sites
from Larrys post....thanks.

I thought this was interesting - given everyone keeps thinking the run up in gold is based on the USD and the continual curse of the fiat currency - and yes of course there is probably some element of truth there.....but its amazing how then people think everything is based on this when if its true that half of the actual demand comes from two places outside the USA, it makes you wonder if those who think they know what is driving the gold price really have any idea. (which is why i am not such a big believer in the grand manipulations)

 

3. A lack of love from the Love Trade is affecting fundamentals

 

The Love Trade, on the other hand, is the buying of gold out of an enduring love for gold. Two emerging countries that make up almost half of gold demand—China and India—have had a long relationship with the precious metal that is intertwined with their culture, religion and economy. With half of the world's population buying gold for their friends and family, it's important to put into context what is happening in their countries.

that is the very reason it is being manipulated BECAUSE of the fundamentals. read #4 again carefully....

Share this post


Link to post
Share on other sites

oh I thought the manipulation was all about the USD and the evil FED, because that all you generally hear from the gold bulls. But we dont want the facts to ruin a good story.

 

Whereas when you throw in the actual fundamentals, then it might actually give some credibility to the story....

 

but even then with fundamentals all being bullish, there are plenty of instruments that go down in price - why - (and looking at point 4 it puts it into perspective)....maybe the reason something looks 'oversold' is because it is overvalued......

 

If ever the last straw in an argument when you know you are clinging desperately at backing up a belief......use the oversold, over bought argument....cause that always adds balance to the argument! (you know its cheap/expensive because its oversold/overbought :doh:)

 

.......................

dont worry Patucca, I am all for people buying gold, it makes sense in the right amount and at the right time - i just dont buy into the extreme gold bugs and the manipulation and conspiracy theories that so often abound with it.

Just because the gold market has not crashed like this before does not mean that it is now cheap (just cheaper), it does not mean that it now offers value (just better value than higher prices), does not mean that it the crash was caused by a manipulated move. (Thats not evidence - its probably more evidence of a bubble bursting if anything)

 

all depends on trading what you see and not what you believe.

Gold is certainly at interesting levels now, especially if it consolidates around here.

Share this post


Link to post
Share on other sites

Amen brother !

My understanding of gold fundies :

1/ the USA are the by far the greatest owner of gold of all kinds;

2/ they have decided to unload some, for whatever reason;

3/ logically the prices drop.

 

 

 

 

Yes, new buying will provide pavement for a smooth ride down to sub $1200.

Share this post


Link to post
Share on other sites
oh I thought the manipulation was all about the USD and the evil FED, because that all you generally hear from the gold bulls. But we dont want the facts to ruin a good story.

 

it both...fundamentals AND the dollar.....you don't see that...i understand that....but see the fundamentals are too good and will wreck the Feds use of the dollar so they had to try make the fundamentals look bad...this move down was manipulative..out of the norm..and it will come bak to bite them terribly...in may not be this year..it may be next year...but p.m. will come back hard and will finish the race much like secretariat did in the belmont stakes.

 

He first beat Sham in the kentucky derby in record time...2 weeks later he beat sham in the preakness. June the 9 1973 he slammed sham and the rest smashing the world record and and winning by 31 lenghts. Many feel that record may never be broken...

 

Precious metals are secretariat.. The dollar is SHAM........

Share this post


Link to post
Share on other sites
oh I thought the manipulation was all about the USD and the evil FED, because that all you generally hear from the gold bulls. But we dont want the facts to ruin a good story.

 

it is both...fundamentals AND the dollar.....coupled with manipulation...you don't see that...i understand that....but see the fundamentals are too good and will wreck the Feds use of the dollar so they had to try make the fundamentals look bad...this move down was manipulative..out of the norm..and it will come bak to bite them terribly...in may not be this year..it may be next year...but p.m. will come back hard and will finish the race much like secretariat did in the belmont stakes.

 

He first beat Sham in the kentucky derby in record time...2 weeks later he beat sham in the preakness. June the 9 1973 he slammed sham and the rest smashing the world record and and winning by 31 lenghts. Many feel that record may never be broken...

 

Precious metals are Secretariat.. The dollar is SHAM........

Share this post


Link to post
Share on other sites

From a Bloomberg story:

 

"Investors sold 467 metric tons valued at about $20.9 billion from exchange-traded products this year as some lost faith in gold as a store of value amid an improving U.S. economy and rally in equities."

 

Isn't this a ridiculous way of putting things?

 

Lost faith in gold as a store of value so they ........ sold their paper Gold. :doh:

 

:rofl:

 

Holding for the long term makes sense - if you also get in at a good price. Anything else is trading and Bloomberg doesn't have a clue about that, unless they tapped into their customer's trading terminals. Oh wait they do that now. Still don't have a clue.

Share this post


Link to post
Share on other sites

Gold: Near Term Puts

 

Gold is once again on the rise, but this is just a blip in my opinion. The shiny precious metal is on an uptrend and has hit a near term resistance point. The technical indicators are bearish in multiple time frames and it could dip below $1350 as soon as next week.

 

Equities should regain their upward momentum next week after a rough time last week which was understandable given the elevated levels.

Share this post


Link to post
Share on other sites

More Details: Gold Bearish

 

Gold/silver price forecasts for 2013 have been lowered by market analysts. The reasons are weak fundamentals and less demand from investors.

 

The business cycle has been good for bulls and this has put downward pressure on gold/silver prices. There has been a lot of growth in the global economy along with rising nominal yields. There hasn't been much inflation and so investors aren't that impressive with the hedging effects of buying gold/silver.

 

I could see silver prices going below $20 per ounce in the coming months and gold should fall below $1350 in the next couple of weeks.

Share this post


Link to post
Share on other sites

.......

 

I could see silver prices going below $20 per ounce in the coming months and gold should fall below $1350 in the next couple of weeks.

Both sooner than that, especially Silver.

Share this post


Link to post
Share on other sites

A bullish view is not to be dismissed altogether:

 

- We have just retraced 50 % of last up move;

- I see a hidden divergence on the rsi, which is well below 30:

- $ is weakening across the board.

Share this post


Link to post
Share on other sites
A bullish view is not to be dismissed altogether:

 

- We have just retraced 50 % of last up move;

- I see a hidden divergence on the rsi, which is well below 30:

- $ is weakening across the board.

 

We have retraced 50% of sideways move not up move.

 

Divergences and high/low oscillator readings don't mean much to me. I look at them but where we are in trends, wave counts and price action itself are far more important - to me.

 

Dollar index is at support (see chart) eurusd and gbpusd are at resistance, audusd and nzdusd both strong downtrends, usdchf and usdjpy at support, usdcad above support so in no way do I see overall dollar weakness currently or anytime soon? The opposite.

Dollar.thumb.png.5bad4026b9f5b2f1c00e1fc07ecd3edb.png

Share this post


Link to post
Share on other sites

"To me... to me..." I was not personally addressing you and yourself, Sir.

I generally fail to understand you. Especially, how can something that hasn't gone anywhere retrace 50%? A 84 full points move is not what I consider a sideways walk.

Anyway it is my point of view. Everybody is responsible for his analysis and the ensuing decisions. No need for arguments, the market is there to tell the right.

 

We have retraced 50% of sideways move not up move.

 

Divergences and high/low oscillator readings don't mean much to me. I look at them but where we are in trends, wave counts and price action itself are far more important - to me.

 

Dollar index is at support (see chart) eurusd and gbpusd are at resistance, audusd and nzdusd both strong downtrends, usdchf and usdjpy at support, usdcad above support so in no way do I see overall dollar weakness currently or anytime soon? The opposite.

Edited by kuokam

Share this post


Link to post
Share on other sites
"To me... to me..." I was not personally addressing you and yourself, Sir.

I generally fail to understand you. Especially, how can something that hasn't gone anywhere retrace 50%? A 84 full points move is not what I consider a sideways walk.

Anyway it is my point of view. Everybody is responsible for his analysis and the ensuing decisions. No need for arguments, the market is there to tell the right.

Don't get yer p..... in a bunch.

 

I put "to me" because it is obvious others including yourself see things differently. Nothing wrong with that. That is how I see things - my opinion for whatever it is worth and might very well be wrong.

 

But what is 54 points in a market presently trading in the high 1300's?

 

As attached chart shows (and I would think yours does as well) since the bottom on 5/20/13 there have been 7 green candle up closes and 6 red ones down closes. Presently gold is down 17.5% for the year.

 

The upmove you see took 13 days, then 1 day to correct 50%, which should tell you something about the strength behind it.

 

I see a sideways correction and then resumption of downmove.

 

Time will tell.

5aa711e6181a9_XUupmovehah.thumb.png.e40da9a949a1e7ae29c50399e9c6bacf.png

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.