Golden-Fund-Forex

Golden-Fund-Forex

- Bitcoin is approaching a critical resistance zone between 68k and 70k. At this level, the market is waiting for a clear sign of price rejection. If sellers fail to actively engage and the market sustains its bullish momentum, we could witness a continued rally, with the next significant target being the 75k region. - However, if sellers step in with sufficient...

Golden-Fund-Forex

- Gold is currently at the resistance zone of 2685. The price is attempting to break out, and if successful, it will form a new high, moving up towards 2716 - 28xx. - On the other hand, if the price fails to break out, the next support zone is at 2633, which would be a potential buying opportunity.

Golden-Fund-Forex

- XAUUSD touched the resistance level at 2661 and reacted there, with strong selling pressure pushing the price down to 2646. - If the price continues to decline and respects the price channel, the next target will be the lower boundary at 2603. - In case the price breaks out of 2661, it will likely surge to 2684.

Golden-Fund-Forex

- After Bitcoin reached the resistance zone at 63,564, it faced rejection, indicated by several strong bearish candles. The price is likely to continue declining if it fails to break out and move above the 64k level. - The support zones where the price may drop to are 60k and 57.8k. If there are signs of weakening selling pressure at these levels, a buying...

Golden-Fund-Forex

- Gold is currently trending within a descending channel and has reached the lower boundary of the wedge at 2606, where a positive buying reaction has emerged. This suggests the potential for a short-term recovery. - If buying pressure remains strong, the price could rise towards the upper boundary of the channel at 2639. However, if the buying momentum weakens...

Golden-Fund-Forex

- Gold is currently trending within a descending channel and has reached the lower boundary of the wedge at 2606, where a positive buying reaction has emerged. This suggests the potential for a short-term recovery. - If buying pressure remains strong, the price could rise towards the upper boundary of the channel at 2639. However, if the buying momentum weakens...

Golden-Fund-Forex

- Gold is currently trading within a narrow range of 2622 to 2672, indicating short-term consolidation. The key support level at 2622 will play a crucial role in determining the next move. If selling pressure intensifies and breaks this support, the price is likely to decline further toward 2589. - On the other hand, if the price holds above 2622, a potential...

Golden-Fund-Forex

- Gold is currently trading within a range of 2625 - 2685, showing a period of consolidation. After reaching the resistance level at 2675, selling pressure emerged, with sellers taking control and driving the price down to 2653. Should the downward momentum continue, the price may likely revisit the horizontal support zone around 2625. - On the upside, if the...

Golden-Fund-Forex

- Macro Overview Gold prices surged early yesterday but retreated following strong U.S. economic data, only to recover later in the day. Lower gold import duties in India could drive physical demand during the upcoming wedding season in December and January. Meanwhile, the Federal Reserve continues to signal potential rate cuts, though it has yet to commit to a...

Golden-Fund-Forex

- Macro Overview Investors have reduced their positions as the illiquid supply of Bitcoin increased. Net outflows from exchanges reached -1,377 BTC, with larger investors making the most withdrawals. ETF investors have taken profits, withdrawing $78.5 million, led by ARKB and FBTC funds. As September ends, optimism is rising with the approach of the historically...

Golden-Fund-Forex

- Gold prices have reached a new record high above $2,660 per ounce, driven by expectations of U.S. monetary easing and escalating tensions in the Middle East, with cross-border military actions contributing to instability. Meanwhile, the Central Bank of the Philippines sold gold in the first half of 2024, signaling that central bank demand for gold may decrease...

Golden-Fund-Forex

- Currently, Bitcoin is moving within a narrow range between $62,300 and $64,600. The price is facing a strong resistance level at $65,000. If Bitcoin continues to be rejected at this resistance and closes below $62,000 on the H4 chart, the main downtrend is likely to persist. - A breakout of these key levels will be crucial in determining the short-term...

Golden-Fund-Forex

- Macro Overview Investors have withdrawn approximately 7,500 BTC, primarily led by larger investors, pushing bitcoin exchange balances to the lowest point in 2.5 months. After a significant reduction by ARKB, their investors led an $81.1 million investment out of the total $158.3 million invested yesterday, followed by FBTC. A more positive sentiment as Q4...

Golden-Fund-Forex

- Macro Overview Gold prices stabilized and surged to a new record high around $2,600 per troy ounce after the Fed implemented a 0.50% rate cut. However, Fed Chairman Powell's press release caused gold prices to decline shortly afterward, closing lower than the previous day. The market's strong expectation of further rate cuts compared to the Fed's updated dot...

Golden-Fund-Forex

- Macro Overview Investors continue to withdraw bitcoin, putting pressure on exchange balances, which have dropped below 2.99 million BTC. An additional $130.2 million investment into spot bitcoin ETFs, excluding IBIT, FBTC, and BRRR due to pending results, confirmed previous figures. Investors are more optimistic about the positive momentum in Q4, supporting...

Golden-Fund-Forex

- Macro Overview Gold prices reached a new record high near $2,590 per ounce due to heightened expectations of a 0.50% interest rate cut. However, the short-term impact depends on the final decision regarding the rate cut, while the long-term movement will be influenced by the future policy direction of the Federal Reserve. Major volatility is expected around the...

Golden-Fund-Forex

Macro Overview Easier withdrawal options have kept Bitcoin balances on exchanges stable, signaling investor hesitation near key levels. Miner transfers to exchanges have hit their lowest point of the year, while illiquid supply has increased, reflecting a lack of selling intent. Investors in ARKB are leading the way in spot Bitcoin ETF purchases. Technical...

Golden-Fund-Forex

- Macro Overview Gold prices approached $2,530 per ounce early in the day but closed lower after the release of U.S. CPI data for August. While the market has now priced in a 0.25% rate cut, post-meeting statements from the Fed will determine the future direction. Given gold's recent significant gains, further upside potential seems limited, with high short-term...