Gold

Closer to the end of last week we saw a surge that led prices to the completion of minor wave 3. The chart above indicates that the 5-wave minute upside structure was followed by a minor correction 4. This could be followed by a final…
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The markets opened with a bang on the first trading day of the year. US equity indices followed their global counterparts. The gains came after President Trump said that he would be signing a trade deal with China on the 15th of January.…
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The last trading day of the year marked a rough month for the dollar on the back of technical and risk appetite factors above than anything else. Christmas trading has been typically soft throughout the years, but that was not the case…
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Equity markets were posting declines for the second consecutive session, following up from Friday’s bearish close. Economic data remains sparse amid talks that the United States and China are close to inking the Phase one of the trade deal.…
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The three-day Santa Claus rally pushed equities to break new highs. By Friday’s close, the S&P500 index closed at 3240 while the Dow Jones gained a modest 23.87 points. The US dollar was weaker amid falling global trade tensions.…
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Equity markets regained the bullish momentum as news came in that the United States and China were going to sign the phase one deal. Both parties were positive on the developments. Although the deal is still the first step, investors…
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On Wednesday, the US House voted to begin impeachment hearings against President Donald Trump. However, the markets were unmoved by the developments. The focus now shifts to the Senate which is controlled by the Republicans. There is…
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The US dollar continues to hold steady amid a quiet few days. Economic data from the US was confined to the building permits report. US building permits rose by 1.48 million, while housing starts grew by 1.37 million. Both the numbers…
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Markets were trading somewhat quietly on Monday as the holiday season nears. A lack of fresh details on the US-China trade deal kept markets in check. Equities posted modest gains on the day. The USD was also on the back foot as trade…
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The current structure hints to a double zigzag consisting of primary sub-waves Ⓦ -Ⓧ and Ⓨ with the corrective move seeming to be part of a cycle degree wave IV. In the primary degree, wave Ⓨ, which is under development at the time of…
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