The Pound has finally gained good traction and momentum back to our all mighty 1.3. level. It will be very interesting to see how it plays out during the NY session. XAUUSD on the other hand is looking to go back to test those all time highs again as expected. Happy trading everyone.
The cable with good traction and momentum to the upside has started to lag again as it arrived at a key level of 1.31. It worth noting that not only did we not have good momentum on Friday but a break in structure within our lower time frames(1h, 30m and 15m) to the downside in a descending triangle. It should be very interesting to see how it turns out especially...
Consider an ultimatum game of sharing a pie of $100. The first table shows the cumulative percentage
of the Responders who accept the amount offered by the Proposers for when the game was played
with two separate groups (Kenyan farmers and US university students). The second table shows the
percentage of the Proposers who made those offers in the two groups....
As for the all-time high of XAUUSD, it occurred on August 7, 2020, when the price reached $2,075 per ounce. Several factors contributed to this significant increase:
Economic Uncertainty: The COVID-19 pandemic caused significant economic disruption globally, leading to uncertainty and volatility in financial markets. During times of uncertainty, investors often...
