Eliana74

Eliana74

From a technical perspective, the emergence of some dip-buying on Thursday and the subsequent move up validate a bullish breakout through the $2,720-2,725 supply zone. That said, the Relative Strength Index (RSI) on the daily chart has moved on the verge of breaking into overbought territory, making it prudent to wait for some near-term consolidation or a modest...

Eliana74

Bitcoin Weekly Forecast: BTC holdings of large investors surges as Trump takes the Oval Office Bitcoin (BTC) hovers around the $103,300 level on Friday after rising almost 2% this week. Ethereum (ETH) finds support around its key level; a firm close below this would lead to a correction, while Ripple (XRP) price edges slightly down on Friday after rallying 4% this week.

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Gold clings to daily gains above $2,770 on Friday and trades within a touching distance of the record-high it set at $2,790 late October. Easing fears over aggressive US tariffs on China helps XAU/USD push higher as investors await US PMI reports. XAUUSD Buy 2777 Support 2800

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The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 60, reflecting the bullish stance. On the upside, 1.2370 (20-day Simple Moving Average (SMA), Fibonacci 38.2% retracement of the latest downtrend) aligns as next resistance before 1.2400 (round level, static level) and 1.2450 (Fibonacci 50% retracement). GBP/USD trades in a tight range...

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Gold remains on track to challenge record peaks Gold price sticks to positive bias for the third successive day on Wednesday and trades near its highest level since November 1 above $2,750. The uncertainty around US President Donald Trump's trade policies turns out to be a key factor that continues to drive haven flows towards the precious metal. XAUUSD SELL...

Eliana74 Updated 

From a technical perspective, the Gold price now seems to have found acceptance above the $2,720 supply zone. Moreover, oscillators on the daily chart have been gaining positive traction and are still away from being in the overbought territory. This, in turn, favors bullish traders and suggests that the path of least resistance for the XAU/USD is to the upside....

Eliana74 Updated 

Looking up, the $2,708 level needs to be regained before considering further upside. Further up, the next level to look at is $2,721, a sort of double top in November and December. In case Bullion powers through that level, the all-time high of $2,790 is the key upside barrier. XAUUSD Buy 2710 Support 2730

Eliana74 Updated 

The short-term technical outlook for Gold price continues to favor of Gold buyers as the previous week’s symmetrical triangle breakout remains in play and the yellow metal holds well above all the major daily simple moving averages (SMA).

Eliana74

Gold buyers turn cautious ahead of US CPI inflation test Gold price returns to the red early Wednesday as buyers switch to the sidelines, awaiting the US Consumer Price Index data release for further insights on the Federal Reserve’s interest rate path. Nothing changes for Gold price from a short-term technical perspective, as buyers have entered a bullish...

Eliana74

EUR/USD looks up from the low end ahead of key CPI print EUR/USD found enough gas in the tank for an intraday rally on Tuesday, rising over eight-tenths of one percent on the day as Euro bidders hope that a potential accord in France could stave off a total collapse of the European country’s government. EUR/USD remains under pressure, with key support at the...

Eliana74

GBP/USD is mired in near-term technical consolidation near the 1.2200 handle as key inflation metrics from the US and UK growth figures loom large through the midweek sessions. From a technical perspective, last week's breakdown through the 1.2350 horizontal support was seen as a key trigger for bearish traders. A subsequent fall and acceptance below the 1.2200...

Eliana74

Gold price (XAU/USD) fluctuates in a narrow range at around $2,650 on Wednesday. The benchmark 10-year US Treasury bond yield holds at its highest level since late April near 4.7%, making it difficult for XAU/USD ahead of FOMC Minutes. xauusd sell 2650 suppot 2610

Eliana74

Gold benefits from the broad-based US Dollar weakness and recovers above $2,630 after falling to a daily low below $2,620 in the early American session on Monday. Meanwhile, the benchmark 10-year US Treasury bond yield holds above 4.6%, limiting XAU/USD upside. he XAU/USD pair has been trading around the current level for six weeks in a row, with spikes on one...

Eliana74

old price trades near $2,660.00 per troy ounce on Friday, with the daily chart signaling an emergence of a bullish bias. The metal price has climbed above the nine- and 14-day Exponential Moving Averages (EMAs), indicating a strengthening bullish momentum in the short term. Moreover, the 14-day Relative Strength Index (RSI) has risen above the 50 level, further...

Eliana74

Bitcoin Price Annual Forecast: 2025 outlook brightens on expectations of US pro-crypto policy Bitcoin’s price has surged more than 140% in 2024, reaching the $100K milestone. The rally was driven by the launch of Bitcoin Spot ETFs and the reduced supply following the fourth halving event in 2024. The US presidential election victory of crypto-friendly candidate...

Eliana74

XAU/USD peaked at $2,655.68 and holds nearby in the mid-American session. From a technical point of view, the daily chart shows that the positive momentum is not enough to confirm additional gains, yet also that bulls dominate the bright metal. XAU/USD currently trades above all its moving averages, recovering above a flat 20 Simple Moving Average (SMA) after...

Eliana74

From a technical point of view, the daily chart for XAU/USD shows the pair has met intraday sellers around a bullish 100 Simple Moving Average (SMA), while the 20 SMA turns south above the longer one. Technical indicators, in the meantime, gain bearish traction within negative levels, favoring a downward extension towards the December low at $2,582.93. In the...

Eliana74 Updated 

Gold price trades near $2,620.00 on Monday, with the daily chart indicating a consolidation phase as the metal moves sideways near the nine- and 14-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) hovers just below the 50 mark, reflecting a neutral sentiment. A decisive move above 50 could signal increased buying interest in the...