Technical Analysis

Technical overview remains volatile on the precious metals front with gold no exception, and both clients and CoT speculators are majority buy.

The S&P 500 fell by more than 1% on Wednesday, 17 December, breaking through technical support at 6,765, which also coincides with the 50-day simple moving average.

The S&P 500 fell by approximately 25 basis points on 16 December following a weaker-than-expected US jobs report.

The week of 15 December will be a significant test for global markets following a tough end to US trading on 12 December, when technology shares declined.

Rotation out of AI and into value the name of last week’s game helping keep the Dow’s technicals positive, while in sentiment retail traders briefly flirt with majority short bias.

The S&P 500 finished on 10 December higher by approximately 70 basis points.

The S&P 500 closed the day down by just nine basis points.

A stop-loss order is a key tool for managing risk when trading CFDs. It lets you set a predefined loss level on a position, helping to limit potential downside in volatile markets.

The highlight of the week of 8 December will be Wednesday, 10 December, at 2 p.m. Eastern Time, when the Fed releases its highly anticipated decision on interest rates.

The S&P 500 rose by about 11 basis points on Thursday, 4 December.