The Nasdaq 100 has experienced another round of selling early this morning via futures trading, and is near the 24,468.00 with fast conditions apparent, which should serve as a warning to day traders that they should be cautious today.
Gold is stretching its record-setting run early Tuesday, as the bullish sentiment remains unabated amid looming US-China trade risks and in anticipation of US Federal Reserve (Fed) Chair Jerome Powell’s speech later in the day.
Spot Gold’s run into unexplored territory continues on Monday, with the bright metal overcoming the $4,100 threshold early in the American session. Multiple factors are pushing the safe-haven metal higher.
In this video, we analyze the technical setup and key catalysts – Fed easing bets, US-China tariff war, central bank buying, and FOMO trades – driving Gold’s record rally (breaking above $4,000 and targeting $4,138).
The EUR/USD pair is under selling pressure on Monday, trading around 1.1570 early in the American session. Financial markets started the week in risk-aversion mode, following late Friday headlines coming from the United States (US).
Gold bulls have once again stabilized above the historic psychological resistance of $4000 per ounce, following a period of limited profit-taking sales after gold prices reached an all-time high of $4059 per ounce. According to gold trading platforms, the recent sell-off did not extend beyond the $3944 per ounce level. Moreover, the previous week’s trading…