Image Source: Pixabay Gold touches a new all-time high above the previous September 26 high. The precious metal is helped by lower interest rate projections globally as inflation ducks. XAU/USD confirms its uptrending bias but risks pull back before extension.
DE Elliott Wave Analysis Trading Lounge Daily Chart,Deere & Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 1 of (1).DIRECTION: Bottom in wave 2 of (1).DETAILS: Looking for a clear three wave move within wave 2 as we
Image Source: Pixabay Crude oil is trading flat this morning as the market remains cautious amid the developing situation in the Middle East, although demand concerns remain. Meanwhile, a constructive report by the American Petroleum Institute (API) supports sentiments in the immediate term.
The Japanese yen rose to around 149.3 against the US dollar on Thursday, but remained close to an 11-week low as investors reacted to disappointing trade figures. The data showed that Japan’s trade balance swung to a deficit in September
Bearish view Sell the AUD/USD pair and set a take-profit at 0.6585. Add a stop-loss at 0.6755. Timeline: 1-2 days. Bullish view Buy the AUD/USD pair and set a take-profit at 0.6750. Add a stop-loss at 0.6585. The AUD/USD pair’s
The rally in recent days of the Russell 2000 Index, a widely followed benchmark of small-cap shares, has revived hope anew that this slice of the equity market is finally set to recover after a long stretch of underperformance. But
TITAN COMPANY – TITAN (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Intermediate Degree, Orange)Mode: CorrectiveStructure: Impulse within larger degree Corrective WavePosition: Minor Wave 2 GreyDetails: The stock might have carved a top around 3920 earlier. Furthermore, an impulse drop is
The US Dollar (USD) adds to gains for a fifth consecutive day when looking at the US Dollar Index (DXY), which can be seen as the benchmark for the Greenback’s performance. China’s Housing Minister said on Thursday that the country
The Russell 2000 (IWM) joined the S&P as managed to push to a new closing high (although just shy of a new all-time high). This has been a 3-year journey for the index, and marks an important milestone as part
During my analysis of the gold market, the first thing that I notice is that we touched the $2685 level, an area that previously was the swing high and the all-time high in the market, but we did retreat from
