II. Fundamental Knowledge Structural foundation: Estimating direction based on structure No matter how varied the form, structure breaks it all The role of structure in trading Supply and demand foundation: Supply and…
GOLD PRICE OUTLOOK:Gold prices sink as traders increase odds of May FOMC interest rate hike following last Friday’s robust U.S. labor market dataU.S. dollar strength in the FX space also undermines precious metalsDespite Monday's pullback,…
It’s another shortened trading week but still a busy one!
We’ve got the BOC statement, FOMC minutes, and top-tier U.S. data, namely CPI and retail sales figures, lined up.
Before all that, ICYMI, I’ve written a quick recap of the market…
Number of traders net-short has increased by 29.07% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIUSD/CADBULLISH49.83%50.17%-13.70% Daily-26.50% Weekly23.68% Daily29.07% Weekly1.72%…