Bitcoin's price continues to face challenges below the $29,650 threshold, with the potential for a bearish trend gaining traction if it breaches the $29,100 support level. Notable bearish signals are evident in Bitcoin's performance under the $29,650 range. The price currently trades beneath $29,400 and the 100-hourly Simple Moving Average. An immediate bullish...
As Tuesday's trading session approaches, the price of gold remains subdued due to the upward trajectory of the US Dollar, which has been bolstered by escalating Treasury yields. The entire spectrum of metal commodities is experiencing a widespread decline, hindered by the robust Dollar and a waning interest in assets linked to risk and growth. Among these...
On Tuesday, gold remained below the $1,910 per ounce mark, maintaining its proximity to a five-week low. The precious metal faced pressure from a robust dollar and elevated Treasury yields, with the release of a US producer inflation report for July that surpassed expectations. This outcome has fueled speculations that the Federal Reserve might prolong its period...