Gold Price Clings To Gain Around $2,670/Two-Week Top, Short-Term Bullish Bias Remains
Image Source: Pixabay Gold price climbs back closer to a two-week high and draws support from a combination of factors. Geopolitical risks continue to benefit the safe-haven XAU/USD amid December Fed rate cut bets. The technical setup now seems tilted in favor of bulls and supports prospects for additional gains. Gold price (XAU/USD) retains its positive […]
Elliott Wave Suggests Alibaba Group Can Reach $130 In 2025
Image Source: PixabayHello everyone! In today’s article, we’ll examine the recent performance of Alibaba Group (BABA) through the lens of Elliott Wave Theory. We’ll review how the rally from the November 22, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 5 Wave Impulse Structure […]
Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Tuesday, Dec 10
Photo by Executium on Unsplash Elliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: FlatPosition: Wave ((C))Direction Next higher Degrees: wave (C) of ((4))Wave Cancel invalid Level:Details: The corrective of Wave ((4)) before Increase again in Wave ((3)) Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Wave (3) appears to have ended and the price is now entering a […]
USD/CAD Forex: Rising Triangle Forms Ahead Of BoC Decision
Photo by Michelle Spollen on Unsplash The USD/CAD pair has formed an ascending triangle pattern. The Bank of Canada is expected to cut interest rates on Wednesday. Recent data showed that Canada’s economy was not doing well. The USD/CAD exchange rate soared to its highest level since April 2020 amid the rising concerns about the US and Canada […]
Silver Price Forecast: XAG/USD Rises To Near $32.00 Within An Ascending Channel
Image Source: Pixabay Silver price continues to gain ground due to the prevailing bullish bias. The primary barrier appears around the upper boundary of the ascending channel at the $32.60 level. The nine- and the 14-day EMA at $31.27 and $31.17, respectively, would act as primary supports. Silver price (XAG/USD) extends its gains for the second day, […]
Disingenuousnous Watch
Image Source: PixabayEJ Antoni/Heritage writes: Another month, another record high for the number of gov’t employees Well, yes. Of course, population is also at a record high. So too is nominal GDP. What to do…what to do… maybe normalize? Maybe choose a longer sample period?Figure 1: Government employees, 000’s (blue, left scale), and government employees as a ratio […]
Financial Markets Report For Monday, Dec 9
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, December 9.Video Length: 00:12:34More By This Author:SPDR ETF Report For Thursday, Dec 5Financial Markets Report For Thursday, Dec 5Metal Markets Report For Wednesday, Dec 4
This AI Stock Has Quietly Doubled In Value
Photo by Steve Johnson on UnsplashArtificial intelligence (AI) continues to grip investors, with many seeking exposure following favorable commentary in quarterly releases that support a visibly bright outlook.A widely popular stock caught in the middle of the AI frenzy, Super Micro Computer (SMCI – Free Report), has seen its shares melt higher over the last month.What’s been driving shares higher? […]
Markets Slide To Start New Trading Week; ORCL Misses, AI, TOL Beat
Image Source: PexelsMarkets started out the trading week flat-to-lower following three up-weeks on the Nasdaq and S&P 500. The small-cap Russell 2000 tried to stoke a fire coming out of the gate, but wound up cooling -0.61% on the day, comparable to the S&P’s -0.61% and the Nasdaq’s -0.62%. The Dow shed -240 points for the […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 9
Image Source: PexelsMarkets had a fairly strong Globex session on Sunday. The NQ made an additional high which I have noted as the completion point for the minuette 3rd wave. The ES did not leave in place last week high as the completion point for its 3rd wave. From those highs, both markets are within smaller […]
