Gold has spent the last 2 months consolidating within a flat bottom triangle.
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About Steve Voulgaridis
Steve’s academic studies include a bachelor degree in Business Administration and one in Finance. Steve has been actively engaged with the world of Finance and the financial markets since 2005. He started his career as an individual trader managing personal and family funds and within a few years progressed to become a consultant and trader for a private fund.
Due to his educational background, Steve uses Macroeconomic theory and the study of fundamentals, to build a top – down, long term view of the markets. Additionally, the tools of trade he uses to analyze their daily movements are comprised of Classical Chart Patterns, Candlestick Patterns, Fibonacci and Elliot Wave Theory.
Steve is an avid lover of sciences (with economics being the prominent one in his heart) and has always dedicated part of his free time studying them. He likes to spend the rest of his free time doing sports (tennis, basketball, football, sailing), socializing with friends and travelling.
Steve is happily married since 2014 with 1 baby boy and 2 feline companions (cats) completing his household family.
Entries by Steve Voulgaridis
Gold has spent the last couple of weeks consolidating its gains in what looks like a bull flag.
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
The USD (DXY) has been range bound for months, and mostly this is a product of many cross currents in the markets. Equity market volatility, weakness of fundamental data globally stating to seep in, the FOMC looking to be at the end of their hike cycle, China and US trade war brewing, and the list […]
After a huge move that pushed it from as high as $77 to almost 42 within a 3 month period, crude found a low 1 day before the Christmas break.
USDJPY is rebounding higher after finding support at the confluence of the 88.6% Fib of the August low to the October high and the 141.4% extension of the October low to the November high.
Copper has broken below a triangle and after a 3 day attempt to rebound we only managed to pullback enough to re-test the broken T/L support before getting rejected on Friday.
The DXY stalled today at the 96.20 support area as it remains trapped between it and the 97.65 resistance.
Both popular precious metals (gold and silver) posted key reversal days today.
The USDCAD rallied to new highs for 2018 as crude oil pushed below the $47 level today.