Commodities Archives - Day Trader Blog

GOLD XAUUSD Showing Double Bottom Pattern On H4 Chart

Gold XAUUSD is showing a solid double bottom pattern on H4 chart. Double bottom and double top are 2 reliable patterns that indicate trend reversal. If this double bottom pattern holds, it can mean gold moving up and past the $1215 resistance level. Take a look at the following XAUUSD H4 chart. Look at the… Continue reading GOLD XAUUSD Showing Double Bottom Pattern On H4 Chart

Oil Price Collapse May Take Years To Recover

Oil prices are literally crashing on the supply shock. Oil was trading at $117 per barrel last year May. Suddenly the prices starting going down when Saudi Arabia began to oversupply the market. Initially market analysts said Saudi Arabia wants to bankrupt the US Shale Oil Companies who are heavily leveraged by bringing down the… Continue reading Oil Price Collapse May Take Years To Recover

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.