Gold is on course for a weekly loss for the first time in 4-weeks as rising global yields and a surging USD continues to weigh on the precious metal. The daily price is on secondary ranging within 1879 resistance level for the primary bullish reversal to be started and 1805 support level for the primary bearish trend to be continuing with 1786 support level as a next possible target. more...
At its current price of $244 per share, it is trading 32% below its fair value of $360 – Trefis’ estimate for Microsoft’s valuation. The daily price is located far below 200 SMA is the bearish area of the chart: the price is trying to break the support level at 241 to below for the strong primary bearish trend to be continuing. more...
Welcome to this new article in our series about learning how to design a trading system based on the most popular technical indicator. Here is a new important technical indicator that gives us insights about a different perspective in the market - the Volumes indicator. We will cover this indicator through the following topics: Volumes definitionVolumes strategyVolumes strategy blueprintVolumes trading system ...
Eurozone inflation accelerated to a fresh record high in May driven by surging energy prices, final data from Eurostat showed on Friday. more...
Sirius XM stock (NASDAQ: SIRI), a leading provider of satellite radio, has a large number of outstanding shares of around 4 billion (in 2021) which makes its stock trade at a low price in the range of $6 to $7 levels. The daily/weekly price is on bearish breakdown: the price was bounced from 6.41 resistance level to below for the bearish area of the chart with 4.50 support as a possible target. Alternatively, the price will be on secondary ...
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