The latest data from Coindesk reveals that Bitcoin is currently trading at $34,714.75 per BTC, marking a 0.82% increase in the past 24 hours. The cryptocurrency with the largest market capitalization has seen a significant drop, now standing at $26.82 billion, down 30.46% compared to November 3rd. Bitcoin's market capitalization stands at an impressive $687.71...
The positive sentiment in the stock market is a significant obstacle for gold prices. Conversely, declining US Treasury yields, a weakening US dollar, and the expectation that the Federal Reserve will not raise interest rates further could support an increase in gold prices. Furthermore, the ongoing conflict between Israel and Hamas and global economic conditions...
The fluctuation range of gold prices remains considerable, and there hasn't been any substantial price movement since the conclusion of the last trading session. As of now, gold continues to be traded within the range of 1980 to 1990. Upon closer examination of the daily charts, a discernible spinning top pattern has formed, which follows the signals from previous...
COLGATE PALM (INDIA) LTD Key highlights: 💡⚡ 📈 On 1 Day Time Frame Stock Showing Reversal of Rising Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Below 2030-. 📈 There have chances of breakdown of Resistance level too. 📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1900-. 📈 Can Go short in this...
Once the sellers retested the 1.07 region, the bearish momentum lost its strength and failed to push the price beneath the support zone at 1.05. The prominent long lower shadow observed in the latest session indicates a robust upward pressure on prices, hinting at the resilience of the 1.05 level against a potential breach. Our current approach remains focused on...
Following the higher time frame order flow, market trend is still bearish. Price is retracing into a premium array, the liquidity void on the daily TF is most likely were price is reaching for (14940) which is our Optimal Trade Entry. If it should hold, I'm expecting bearish movement down to 13800.
Gold price experienced significant volatility on Wednesday as they initially moved closer to the $2,000 threshold ahead of the Federal Reserve's policy announcements. This surge was accompanied by the US Dollar's hesitant recovery, coupled with subdued US Treasury bond yields and a mixed market sentiment. However, there was a reversal in gold prices as they...
The H4 BTCUSD chart is still showing a steady sideways movement, with the accumulation price range holding steady. We've recently observed a bearish reversal pattern known as the bearish Wolfe Wave. When point 5 of the Wolfe Wave pattern is reached, it signals a potential price reversal according to the Wolfe wave theory. In this instance, point 5 aligns with the...
Just my thoughts on bitcoin short term, if it continues up the channel and nothing too wild occurs in the news or geopolitical landscape. I would like to hear your thoughts!
Hello, everyone. I hope you're all having a great week. Let's analyze the DXY chart and try to make some predictions for the upcoming week. Last week, the price was rejected from the important low indicated on the chart and also established a new 4-hour high, as evident in the chart. Consequently, the market structure in the 4-hour time frame is now in alignment...
Mastercard's stock experienced a 5% drop following its latest earnings report, despite surpassing expected earnings. Analysts had predicted earnings of $3.21 per share for Q3, but the actual figure was $3.39. This outperformance, however, did not translate into positive market sentiment, as the stock price fell after the market opened on October 28th. This...
Gold had its second consecutive day of price decline after the news Employment Cost Index q/q and CB Consumer Confidence were announced. The H1 gold price push down has broken through the accumulation price range above to go down, but has not created a new low price bottom and broken the latest bottom, so it has not created a downtrend. With the current downward...
With the EUR/JPY exchange rate at 160.80, the 2008 peak, and the USD/JPY exchange rate at 150.75, the yen is continuing its downward spiral to a new low throughout the day. This occurred when Tokyo dispelled any rumors that it was still protecting the price by confirming that it did not interfere in the currency markets in October. The BOJ doesn't seem to be...
The EURUSD is nearing the initial resistance level at 1.0630, with a subsequent resistance at 1.0660. If these levels are breached, there's a strong possibility of an upward price trend encountering further resistance zones. For today, keep a close eye on the resistance at 1.0630 and potentially 1.0660 if the price retraces. If a selling signal materializes at...
❤️ Hello all traders. Hope you have a nice weekend. Here is some gold information next week ➡️ The ongoing surge in gold prices is likely to persist, given the persistent tensions in the Middle East. Commodity strategist Daniel Ghali from TD Securities Company has pointed out that the potential for increased gold acquisitions remains high if the Middle East...
The 7-day streak of price increases came to a halt following a decrease yesterday. However, it's worth noting that yesterday's downward movement, represented by the D1 bar, exhibited a narrow range and a minimal lower shadow, indicating that the selling pressure lacked significant strength. Moreover, there are ongoing signs of excess, particularly in the form of...
BTCUSDT experienced two consecutive days of price gains over the weekend. However, on Saturday, the daily candlestick formed a bearish pin bar pattern with a long upper shadow and a close at the midpoint, indicating resistance from sellers in the upper range. Sunday's daily candlestick saw a modest increase but traded within a narrow range, failing to surpass...
Economic Challenges of the EU Region: The primary concern for the EUR is the unfavorable combination of growth and inflation in the EU region. Disappointing activity data in the region is a persistent trend, which is even more striking given the persistent downgrade of eurozone growth expectations. Pessimistic target: Based on cited concerns, HSBC is bearish on...