Cryptocurrency Analysis: Bitcoin, Ethereum Prices Plunge into Support

To receive Michael’s analysis directly via email, please SIGN UP HERE Talking Points Bitcoin (BTC/USD) 240min Chart Technical Outlook: The price of Bitcoin plummeted today, breaking a near-term consolidation range that has held since the July 20th high. The decline is now approaching initial support at the confluence of former median-line resistance (blue) & the […]

Gold Prices Coil Up, May Break Upward on US GDP Data

Talking Points: Gold prices trace out bullish Triangle chart pattern Soft Q1 US GDP revision may trigger upside breakout Crude oil prices swoon as OPEC extends output cuts Gold prices continued to mark time as expected, with traders looking ahead to the release of revised first-quarter US GDP figures. Consensus forecasts see the annualized growth […]

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Gold Prices Unmoved by NFP Data Release

Talking Points: Gold Prices Unmoved by NFP Data Release Markets Next Look to Janet Yellen for Direction Looking for additional trade ideas for gold and commodities markets? Read our 2017 Market Forecast Gold Prices remain flat this Friday, despite US NFP (Non-farm Payrolls) figures beating expectations this morning. Expectations for this morning’s NFP (APR) event […]

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Gold Prices Rally Up to Pivotal Resistance Zone

To receive James Stanley’s Analysis directly via email, please sign up here. In our last article, we were looking at aggressively bearish price action in Gold prices as we walked-in to last week’s rate hike from the Fed. And the term ‘rate hike’ is important here rather than ‘rate decision’, because the Federal Reserve had […]