Supertrade is the Prop Trading firm that allows traders to trade cypto, stck indices, FOREX and precious metals. Traders can go for instant deposit or pass a channeled and get company funding up to $100k. Check our website and socials for more!
Technical Analysis of Copper (XCU/USD)
Copper has faced strong resistance over the past four years, being strictly rejected at key resistance levels three times. Recently, on May 20, 2024, Copper reached its all-time high of $5.2, but the current weekly candle is showing signs of retesting that level. Despite this short-term bullish momentum, the broader trend...
EUR/USD remains in a consolidation phase below 1.0900 in the European session on Monday, as traders exercise caution ahead of key economic data releases. The pair is navigating a narrow range as the market awaits the US Retail Sales data and the German parliamentary vote on fiscal reforms.
Technical outlook: Consolidation continues
EUR/USD is exhibiting signs...
The gold market (XAU/USD) has been exhibiting strong bullish momentum, as evidenced by the price patterns and macroeconomic conditions.
Bullish Price Trajectory: Historical Patterns
The attached chart highlights two distinct bullish patterns in gold's price movement:
1. Pattern 1 (July 18, 2024 – October 30, 2024)
Initial Price: $2,394
Closing Price:...
