|

Trading short on gold (XAU/USD), trading long on the Dow Jones, trading futures [Video]

Yesterday, Gold hit a key level of support at around $1858 with the next key level below at $1840. 

Of course, we need to see a break of support or a bounce off this upper trend line of a descending triangle which may be forming.

Both Brent Crude and WTI seem to be a “one-way” market these days with prices still climbing as demand returns.

Many traders are simply “buying the dip” on the H1 or shorter time frames.

We see both the NASDAQ and the S&P 500 hitting all time highs but Wall Street, or the Dow Jones Industrial Average, has slipped slightly but this gives investors and traders the chance to “buy the dip” here as well.

You may have noticed that Valutrades has introduced new Futures contracts on Crude Oil, Gold, the US Indices, and the DAX.

The advantage of futures is that you can Swing Trade (trade day to day or week to week) without paying any finance or Swap charges.

Author

Brad Alexander

Brad Alexander

FX Large Limited

Brad became fascinated with the Currency Markets from a young age and researched fundamental analysis.

More from Brad Alexander
Share:

Editor's Picks

EUR/USD struggles below 1.1800 ahead of US data, Fedspeak

EUR/USD remains trapped in a tight range below 1.1800 in the European session on Tuesday. The pair struggles amid a modest US Dollar strength and an improvement in risk sentiment, even as US tariff uncertainty lingers. The focus now remains on the US data and Fedspeak. 

GBP/USD stays defensive below 1.3500 as USD firms up

GBP/USD stays on the back foot below 1.3500 in the European trading hours on Tuesday. The pair declines as the US Dollar rebounds from losses recorded over the previous two sessions. Traders will focus on the US weekly ADP Employment Change and Consumer Confidence data due later in the day, along with speeches from Federal Reserve officials.

Gold holds pullback below $5,200 amid USD uptick

Gold holds moderate losses below $5,200 in European trading on Tuesday, though it lacks follow-through selling. Following the previous day's knee-jerk fall in reaction to US President Donald Trump's new global tariffs and the subsequent bounce, the US Dollar attracts fresh buyers ahead of mid-tier data and Fedspeak. 

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

AI-scare trade and tariff uncertainty takes hold

It was quite a day, with AI-disruption fears and tariff uncertainty triggering a risk-off session. By now, it's nearly impossible to have missed the Supreme Court's 6-3 decision that struck down US President Donald Trump's reciprocal tariffs last Friday.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.