Papa_Trader

Papa_Trader

Interesting Points -Strong labor market: Recent economic data indicates that the labor market remains strong. The private sector added 192,000 new jobs in April. -Rising labor costs: Unit labor costs increased by 4.7% in the first quarter, highlighting inflationary risks. -Sluggish productivity: Nonfarm productivity grew by only 0.3% in the first...

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Gold Analysis and Trading Plan 19/03/2024 By PapaFinanceTalk . From a macro perspective, the prevailing sentiment suggests that the current price range is a corrective wave, gathering momentum for an upward move in the long term. However, in the short-term timeframe, there's been a sideways movement within the price range, following a bout of selling pressure in...

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Gold Analysis and Trading Plan 18/03/2024 By PapaFinanceTalk . _____________________________ Technical Analysis: - Gold has formed a descending triangle on a large timeframe and has broken through the key support zone at 2154. - This is a significant support zone, and after breaking below 2154, the price attempted to pull back and retest the 61.8% Fibonacci...

Papa_Trader

Fibonacci Extension vs. Fibonacci Retracement By PapaFinanceTalk March 10, 2024 ______________________________ Fibonacci Extension and Fibonacci Retracement are two essential tools employed by traders to forecast price movements. While both utilize Fibonacci ratios, they serve distinct purposes and are applied differently. This article provides a comprehensive...