You should only trade in these products if you fully understand the risks involved and can afford to incur losses. In the chart above price forms a double top and then confirms by breaking lower and through the neckline. That is when identifying the pattern and using the other strategies discussed below can come in…
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How to Trade Forex Double Top Pattern
The double top pattern formation is completed when the price breaks below the neckline, the horizontal level drawn at the trough, triggering a bearish breakout. The double top chart pattern’s reliability improves further when the breakdown below the neckline is confirmed by strong selling pressure. The breakdown acts as a trigger point, marking the shift…
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Precious metals outlook hinges on pandemic fight and monetary policy direction
Gold prices surpassed US$1,900 per ounce in early June—the highest since January 2021—driven by jewelry demand in China, investment inflows, and lower real interest rates. Chinese holiday- and wedding-related jewelry purchases provided support for gold prices, but this was offset by muted Indian demand due to surging COVID-19 infections. Gold-backed exchange-traded funds (ETFs) registered inflows…
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UC grads strike gold as leaders of precious metals company University of Cincinnati
Gold futures exploded through resistance near $2,560, confirming a breakout with a medium-term price target near $2,800. Given the risks currently surrounding the global economy, silver could stand out as a potential low-cost safe haven for investors who are seeking stability. Its attractive price point compared to gold also makes it appealing, as more investors…
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