Henrybillion

Henrybillion

SPDR Gold Trust sold 24.88 tons of gold on December 12, which is the reason for the sharp decline in gold prices last night, suddenly dropping back into the previously broken downtrend structure around the 2675-2676 region. Key Resistance Levels: 2700 - 2710 - 2732 Key Support Levels: 2666 - 2675 XAUUSD OANDA:XAUUSD Trading Strategy Around Price Zones: SELL...

Henrybillion

Overview of the Current Bitcoin Market Trend In December 2024, the Bitcoin (BTC/USDT) market continues to show a strong bullish trend, with the price moving within an ascending channel. However, Bitcoin is currently facing key resistance levels, which could lead to one of two scenarios: a continued breakout or a correction to test support levels. In this...

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As of December 12, 2024, gold is trading around $2,717 per ounce, continuing its upward trend amid declining U.S. inflation and expectations of a Federal Reserve interest rate cut. Geopolitical tensions and a weakening USD further support the rise in gold prices. Technical Analysis: Market Trend: Primary Trend: Bullish. Key Support Levels: $2,700 (50-day MA)...

Henrybillion

Overview of the Current Bitcoin Market Trend In recent weeks, the Bitcoin (BTC/USD) BINANCE:BTCUSD market has shown a strong bullish trend, breaking several key resistance levels. From late November until now, Bitcoin's price has consistently reached new highs, but it is currently facing significant resistance levels. In this article, we will analyze Bitcoin's...

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Current Gold OANDA:XAUUSD Price Situation Gold is currently trading around $2,713, maintaining its upward trend in both the medium and short term. After breaking through the key resistance level at $2,700, the market is now approaching the next significant resistance at $2,732. This zone is critical and will determine whether the price continues to rise or faces...

Henrybillion

BTC in the medium term may have a correction phase in the next 1-2 weeks to complete the 4th wave if the previous wave is an extended wave, in case it ends then the abc model will run.

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SPDR Gold Trust Gold Fund bought 2.59 tons of gold yesterday, December 11 Important resistance: 2733 - 2740 - 2750 Important support level: 2680 - 2675 - 2700 XAUUSD OANDA:XAUUSD trading strategy around price area: BUY XAUUSD around 2700-2701 Stoploss: 2695 Take Profit 1 : 2710 Take Profit 2: 2720 Take Profit 3: 2730 “If there is a break through the 2728...

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Technical Analysis from the Chart: The price has broken through the previous descending trendline (yellow line) and is now in a recovery trend. Currently, the price is approaching a strong resistance zone at $2,710 - $2,725, an area where selling pressure has been prominent in the past. Key Levels: Main Resistance: $2,710 - $2,725 (previous highs and key...

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In the medium term, BTC may undergo a correction in the next 1-2 weeks to complete the 4th wave if the previous wave was an extension. If it has already ended, it will follow an ABC pattern.

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Technical Outlook for Gold Price (XAUUSD) On the daily chart, gold remains in a prolonged consolidation phase, with price action mainly hovering around the 21-day Exponential Moving Average (EMA21) and the technical level of 2,644 USD. Although gold has recovered from the previous decline, the overall picture still leans towards a bearish scenario, with the main...

Henrybillion

XAUUSD is declining after falsely breaking the resistance level of the range. The fundamental backdrop is mixed and still does not allow for the formation of a clear mid- to long-term strategy. Trump's policies are creating new risks. Before taking office, he signaled the possibility of raising tariffs globally (on Canada, Mexico, Europe, China, and BRICS...

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Gold prices remained stable above $2,600 in the past week, primarily supported by increasing geopolitical tensions. However, after Donald Trump's victory in the U.S. presidential election, gold still faced pressure to limit its price increase, as the U.S. dollar is expected to be supported by Trump's win. Regarding gold's recent recovery, after the release of the...