Analytics

Analysis method - “Gann Swings + Price Action”

Analysis method - “Gann Swings + Price Action”

Analysis method - “Gann Swings + Price Action”

Analysis method - “Gann Swings + Price Action”

Oil prices fell more than 1.7% on Monday after reports that the first round of OPEC negotiations ended in vain.

Gold continues to move down amid falling investor interest in defensive assets.

Analysis method - “Gann Swings + Price Action”

Oil prices continue to rewrite multi-month highs amid general market optimism about the prospects for the global economy.

The gold price maintains a downward movement vector. For the first time since mid-June, quotes dropped to $ 1800. Investors are ditching defensive assets amid news of progress in the development of a vaccine for COVID-19 and the beginning of the transfer of power in the United States. Recently the world stock indices renewed their historical highs. The Dow Jones Industrial Average broke the 30,000 mark for the first time. Investors are actively buying higher-yielding assets in the hope of a quick recovery in the global economy after the coronavirus pandemic is brought under control. The demand for safe haven assets continues to fall. Amplifying the wave of optimism in the market are reports that the Donald Trump administration has begun the process of transferring power to the United States. Previously, many feared that Trump would drag out this process to the last, disrupting the work of the new president's administration after he officially took office.

The GBP / USD pair is demonstrating positive dynamics today.