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Gold Price Forecast: XAU/USD Eyes A Range Breakout, As Fed Minutes Looms

Gold Price Forecast: XAU/USD Eyes A Range Breakout, As Fed Minutes Looms

Image Source: Unsplash Gold price oscillates in a familiar range near $2,330 early Wednesday. The US Dollar licks wounds with US Treasury yields amid a cautious mood.   Fed Chair Powell touts inflation progress, boosts September rate cut prospects. Gold price needs to crack the 50-day SMA for a sustained recovery, as the daily RSI prods […]
Should Investors Chase The Recent Rally In Tesla’s Stock?

Should Investors Chase The Recent Rally In Tesla’s Stock?

Image Source: UnsplashTesla (TSLA – Free Report) shares spiked +9% on Tuesday after the auto giant stated it delivered 443,956 EV’s during the second quarter which topped most analyst estimates of 439,302 deliveries. This comes after Chinese EV automakers such as Nio (NIO – Free Report) and Li Auto (LI – Free Report) posted increased deliveries for Q2 yesterday with Tesla’s factory in Shanghai […]
SPDR ETF Report For Tuesday, July 2

SPDR ETF Report For Tuesday, July 2

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Tuesday, July 2.Video Length: 00:11:19More By This Author:Financial Markets Report For Tuesday, July 2Metal Markets Report For Monday, July 1SPDR ETF Report For Monday, July 1
WTI Price Analysis: Consolidates Above Mid-$82.00s, Bullish Potential Seems Intact

WTI Price Analysis: Consolidates Above Mid-$82.00s, Bullish Potential Seems Intact

Photo by Timothy Newman on Unsplash WTI struggles to gain any meaningful traction, though the bias seems tilted in favor of bulls. Escalating geopolitical tensions fuels supply concerns and acts as a tailwind for the commodity. The technical setup also suggests that the path of least resistance for Oil prices is to the upside. West Texas Intermediate (WTI) US […]
Elliott Wave Technical Analysis – Polkadot Crypto Price News For Wednesday, July 3

Elliott Wave Technical Analysis – Polkadot Crypto Price News For Wednesday, July 3

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartPolkadot/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level:Details: Wave II Is equal to 61.8% of Wave I at 5.225.Polkadot/ U.S. dollar(DOTUSD)Trading Strategy: Polkadot overall is still in the period of correction. In the position of wave […]
Top-Ranked ETFs That Outperformed The Market In 1H

Top-Ranked ETFs That Outperformed The Market In 1H

Image Source: PixabayWall Street wrapped up a blockbuster first half of the year. The S&P 500 index gained a whopping 14.5% while the Dow Jones Industrial Average rose 3.8%. The Nasdaq Composite Index emerged as an outperformer, climbing 18.1%. The ongoing artificial intelligence (AI) craze, rate-cut bets and strong corporate profit growth were the biggest catalysts […]
EUR/USD Technical Analysis: Potential For Upward Movement Despite The Recent Dip

EUR/USD Technical Analysis: Potential For Upward Movement Despite The Recent Dip

Image Source: PixabayThe EUR/USD pair experienced a mixed trading session on Tuesday, with some interesting technical developments that could shape its near-term direction. Key Takeaways:   Support found above 1.0710 Resistance encountered below 1.0750 Potential for continued upward movement despite recent decline Possible Scenarios  If the EUR/USD manages to stabilize above 1.0715 today, we could see […]
Today’s Tesla Trendline

Today’s Tesla Trendline

Image Source: PexelsI’ve just got to say one more thing about Tesla, which has had an amazing two days. Today’s high perfectly tagged the medium-term trendline. It’ll be quite telling during Wednesday’s half-day session whether it can beat this or not.More By This Author:Markets Hit Lifetime HighsTesla Surpasses Resistance; Rivian Shows Promising Base With Rising VolumeFriday […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, July 2

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, July 2

Image Source: UnsplashI hate to say it but my hunch about upside did end up playing out. I’ve made the necessary adjustments to the labeling — Still looking for the completion point of Minor 3rd waves. Updated and included additional Fibonacci levels for the minuet 5th waves in progress now.Video Length: 00:14:56More By This Author:Nasdaq 100 […]
Financial Markets Report For Tuesday, July 2

Financial Markets Report For Tuesday, July 2

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, July 2.Video Length: 00:10:26More By This Author:Metal Markets Report For Monday, July 1 SPDR ETF Report For Monday, July 1 Metal Markets Report For Friday, June 28