The recent dip in the crypto market, triggered by escalating tensions between Iran and Israel, serves as a stark reminder of the market's volatility. Bitcoin prices plummeted to GETTEX:59K before a swift recovery, leaving many investors wondering: was this a blip on the radar or a harbinger of things to come? **The Iran-Israel Factor:** Geopolitical tensions...
In September 2023, gold prices had a sell-off for the whole month, reaching daily support levels while the RSI was oversold below average. Interestingly, during this period, the announcement of the conflict involving Israel coincided with gold's approach to a crucial support area, prompting speculation about foreknowledge or market pricing in of this event. This...
Dear traders, Dive into the AUD/CAD realm with a blend of geopolitical insights and technical signals: Before we venture into any further downward potential, keep a close eye on the critical level around 0.8822 for potential breakthroughs. Here's the geopolitical and technical mix in our AUD/CAD analysis: Geopolitical Considerations: Wednesday's Bank of...
According to the President of Israel, a ground attack in Gaza is about to start soon. The gold price has shown bullish behavior several times on speculations of a possible ground attack, which could lead to a new level of escalation. Gold corrected more than 40 points after reaching the recent peak at 1997, and I assume that the 4th wave low is in at 1953. The...
The marketing team behind gold and silver are always telling dumb and dead money that they should "hedge" against a "collapsing US Petrodollar" during times of global instability by being long on metals. The trade rarely works out. Gold and silver not only routinely follow the equities markets straight to Hell, but tend to get dumped during the start of new index...
By re-examining gold in the 12-hour time frame, we can see that the price on Friday was accompanied by heavy buying pressure with the announcement of Israel's ground attack on Gaza (Hamas) and considering that gold is a popular and low-risk asset in war conditions. It is considered to have created this amount of demand in the price! The important thing that...
We all know that gold's value increases especially during war. Looking at the chart right now, gold is at an important zone and RSI is oversold on the daily. It's all just matching up with the news that Israel is at war with Hamas right now. I am investing in gold. Not financial advice
⏰CHF at key levels ⏰ Overview The Swiss Franc is at key technical support levels on several pairs. The CHF strength is driven by the Israel-Hamas war. The Details The support levels will likely not hold if there is further escalation in the region. Expect the support levels to break and ***CHF pairs to move lower. If by some miracle, the war becomes...