Tag: #Investing
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Gold Price Update: Pullback Ahead?
Hello everybody, this week we’re taking another look at gold. It has been on a strong run over the past few months and has now reached an overbought level. Monthly Chart: Breaking Through Resistance Starting with the monthly chart, we can clearly see the long-term uptrend in gold. The price has been moving within a…
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Weekly Update S&P 500
Hello, everybody. This week, the S&P 500 had its share of ups and downs, ultimately ending with a 1.9% loss. On Monday and Tuesday, things were looking quite positive, with some nice gains that had investors feeling optimistic. But, as you can see in the 4-hour chart, the market’s fortunes reversed midweek. On Wednesday, the…
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Weekly Update S&P 500
Welcome to our weekly newsletter on the S&P 500! This week, the S&P 500 gained 0.5%. While it wasn’t a massive move, it did bring some important technical patterns into play. Let’s break down what happened on the charts and what it could mean for the coming weeks. Weekly Overview: Testing Key Resistance Levels The…
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Weekly Update S&P 500
Welcome to our weekly newsletter on the S&P 500! This week was a rough one for the S&P 500, with the index losing 2.5% overall. Monday’s dramatic drop of nearly 3% set the tone, followed by choppy movement on Tuesday and Wednesday, another dip on Thursday, and some recovery on Friday. Looking at the 4-hour…
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Microsoft Stock: Is This the Next Big Buying Opportunity?
Microsoft’s stock is currently at an interesting turning point, and if you’ve been following its journey, this could be a big moment. Let’s break it down in a way that makes sense, even if you’re just starting out with investing. Microsoft’s Long-Term Trend: Still on Track? Looking at the monthly chart, we see Microsoft has…
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Weekly Update S&P 500
Welcome to our weekly newsletter on the S&P 500! This week, the S&P 500 lost 3.1%, marking another tough week for the market. Looking at the 4-hour chart, we can see how the 6,000-point level—which used to be strong support—has now turned into a resistance zone. As expected, the market saw a bounce on Monday,…
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Amazon Hits Key Technical Level – Is It a Buy or a Warning Sign?
Amazon’s stock has been on a wild ride over the years, climbing steadily within a well-defined trend channel. If you look at the long-term chart, stretching all the way back to 1998, you’ll see a clear upward trajectory, with key support and resistance levels shaping its movement. One of the most important trendlines has been…
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Weekly Update S&P 500
This week, the S&P 500 had a loss of 1.1%. The S&P 500 saw a sharp decline this week. Last week, we pointed out that the index had closed below the green trendline on the chart. At that time, we were still holding above the key 6,000-point support zone. However, this week, sellers took control,…