Gold prices dropped last week after reaching a record high on Monday, falling over 3% to just under $2,335. The decline was driven by higher short-term Treasury yields and positive US PMI data, indicating a strong economy that can handle higher interest rates. Inflationary pressures and the possibility of central bank policy easing fading may cause US Treasury...
Hey guys have a good time ,I want to share one point about bitcoin movement .If you pay attention weekly time frame ,Bitcoin reaches to 70000 .As can be observed BTC had touched this limited prices resistance previously .So in my idea this coin definitely will react to this limited prices again for ^third time^ I’ve just share my idea it doesn’t mean you buy or...
Bitcoin surged to the selling zone above $70,000 and was rejected again. Currently, it has strong support in the $67,000 to $65,800 range, which could potentially push it back towards the $70,000 to $71,000 resistance level. Keep an eye on your watchlist, as long as the main ascending trend line at around $65,800 is not broken, you can look for long positions...
Complicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate...
XRP in consolidation. Once its breakout we may take entry for long. For longer period investment you can buy some XRP now.
NYMEX: WTI Futures ( NYMEX:CL1! ) and WTI Weekly Options ( GETTEX:LO5 ) OPEC+, the coalition of the world’s leading oil producers, will convene on June 2nd to decide production policy for the second half of the year. The powerful oil cartel consists of 13 OPEC members and 9 nonmember participants, and together produces about 59% of global oil production. This...
Transformer Market size is valued at USD 54 billion in 2022 and is anticipated to grow at a CAGR of 7.2% between 2023 and 2032. o Large scale integration of renewable energy sources coupled with increasing electrification programs primarily across the emerging economies will accelerate the industry scenario. o Expanding urban infrastructure to proliferate...
On the Asian market on Monday (May 27), gold was delivered immediately OANDA:XAUUSD increase rapidly in the short term. Gold price touched 2,347 USD/ounce, setting a session high and increasing strongly by more than 13 USD during the day. OANDA:XAUUSD The gains were supported by a weaker US Dollar and rising geopolitical risks in the Middle East. Tuesday's...
Currently, gold is clearly in a volatile upward stage, the volatility is not very large, and the price range has been running between the upper and lower counters of the Bollinger Bands. Today we bought when the price of gold fell to 2342 and successfully reached TP2355. Now the price is again near the Bollinger Band upper limit, and the opportunity to sell has...
Nextracker went public in early 2023, which were dark days for solar energy. However, some traders may see brighter times as the industry rallies. The first pattern on today’s chart is the series of higher lows since early last year. Is a longer-term uptrend taking shape? Second, the most recent trough occurred near the 200-day simple moving average (SMA). Its...
EUR/USD reached a new weekly high of 1.0880 during Tuesday’s European session. The major currency pair's strength can be attributed to a softening US Dollar (USD) and increasing uncertainty surrounding the European Central Bank's (ECB) future rate cut decisions following the June meeting. The robust economic outlook for the United States and hawkish guidance from...
World gold price (XAU/USD) yesterday increased more than 25 USD to a high of 2,358 USD. Although expectations about the Fed cutting interest rates recently have many negative changes, gold has a lot of momentum and one of the measurements is that the world geopolitical situation is becoming more complicated with military conflicts. There is increasing tension...
💎Get ready for a potential breakout with #EGLDUSDT as it nears the upper boundary of its descending channel. Currently testing the upper limits at a crucial support of $35.15, there's a robust chance for #EGLD to smash through the channel, powered by the momentum it has built up. 💎If #MultiversX stumbles and does not sustain the push from the $35.15 level,...
NYSE:SUI is indeed a very promising project, boasting strong technology, substantial VC support, and a significant Total Value Locked (TVL). However, its tokenomics entail massive inflation, which undermines its growth potential. Nonetheless, it appears that whales have decided to defend the $1 area, resulting in a bounce back. Despite this, the recent 20% token...
This is a risky idea based on observation: Follow the EMA 100, which is currently supporting CRYPTOCAP:BTC , but it shows signs of weakness. At the same time, we are seeing bearish consolidation or an inverted cup pattern. We have two weak bearish oscillators falling. I know all the famous influencers are bullish in their videos, but should we be worried? ...
GameStop shares ( NYSE:GME ) surged 20% on Tuesday after the video game retailer successfully sold 45 million shares worth roughly $933.4 million, capitalizing on a recent meme rally in its share price. The sale helped the company capitalize on a recent social media-fueled meme rally that saw the stock soar around 135% over a two-day period earlier this month....
From week to week investors are shaping the sentiment in line with the latest available data on the US inflation and probability of when the Fed might make its first rate cut during the course of this year. Expectations from the first quarter of this year are turned toward September, where the CME FedWatch Tool is now showing that traders are currently pricing...
OANDA:CADCHF may continue its growth after confirmation of bulls' intentions. CHF is weakening faster than CAD, which in general will favorably affect the currency pair. We expect the growth to 0.68 The price is breaking the global resistance, as well as moving the consolidation pattern into the realization phase. Consolidation of the price above the...