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💡 GOLD: Forecasts continue to increase❤️ Hello all traders. Hope you have a nice weekend. Here is some gold information next week ➡️ The ongoing surge in gold prices is likely to persist, given the persistent tensions in the Middle East. Commodity strategist Daniel Ghali from TD Securities Company has pointed out that the potential for increased gold acquisitions remains high if the Middle East conflict escalates further, as gold has traditionally served as a reliable "safe haven" for preserving capital, especially in the face of a strengthening USD and escalating geopolitical concerns. ➡️ Consequently, numerous forecasts anticipate a continued uptrend in gold prices for the upcoming week. In a survey conducted by Kitco News involving 11 Wall Street analysts, 6 of them expressed optimism about gold's price increase. Meanwhile, 3 analysts anticipate a decline in precious metal values, and 2 expect gold to remain relatively stable.
TVC:GOLDLong
by Stone_Haven
AUDUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
32
Confused 🤔 GoldGold had an impact of war overall and as we were in sell trend gold has suddenly change its direction upwards now as i speak in top down anylisis scenario i would speak 🗣️ Monthly time frame On Monthly time frame we are seeing a strong resistance level on gold Weekly time frame Also on weekly time frame we had a resistance on this level its a significant level Daily Timeframe On daily timeframe we can see gold has formed a bearish candle stivk pattren which is inverted hammer pattern and also gold is on its significant level of resistance of daily too the Confluence Is about all sell gold but still as war has an impact fundamentals will override technincal aspect so we are a bit confused on gold as market is too if escalation goes on gold will go buy if there goes a cease fire then we can sell gold
OANDA:XAUUSDShort
by Wakeel_Saab
1
Correlation between RIOT | BTC 📊 Today, let's dive into the intriguing world of crypto mining and its connection with Bitcoin. We'll compare the charts of the mining company RIOT Blockchain (RIOT) and Bitcoin itself, shedding light on the correlation between mining-related stocks and the leading cryptocurrency. 📊 The Mining Equation: Mining is a fundamental component of the cryptocurrency ecosystem, and it's a process that should ideally be profitable. As miners secure the network and validate transactions, their success can often align with the overall health of the crypto market. 🧰💰 RIOT and Bitcoin: A Comparison: When analyzing the charts of RIOT and Bitcoin, you'll often notice a correlation. RIOT's performance tends to be influenced by the price movement of Bitcoin. As Bitcoin's price rises, it often brings increased profitability for miners, reflected in the performance of mining-related stocks. 📈🚀 What to Watch For: Correlation Strength: Pay attention to the strength of the correlation between Bitcoin and mining stocks like RIOT. A strong correlation suggests that the profitability of miners is closely tied to Bitcoin's price. Market Sentiment: Keep an eye on market sentiment and macroeconomic factors that can influence Bitcoin's price, as these elements can have a ripple effect on mining operations. Diversification: Consider diversifying your portfolio to include assets that can serve as hedges if there are fluctuations in mining profitability. Conclusion: The performance of mining-related companies, like RIOT, often depends on the price and profitability of Bitcoin. This correlation means that watching Bitcoin's charts can provide insights into the potential performance of mining stocks. The cryptocurrency market is dynamic, and staying informed and adapting your strategy to the evolving landscape is key to success. Keep a close eye on both Bitcoin and mining-related stocks to make well-informed investment decisions. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
Déjà Vu of 2021's Bearish Shift? 📉📉📉The Eerie Resemblance: If you've been in the crypto game for a while, you might be experiencing déjà vu. In 2021, Bitcoin was riding high before it underwent a profound transformation from a bullish to a bearish trend. What followed was a period of intense volatility and uncertainty. 🐻 The Bearish Divergence: One of the key signals of concern is the emergence of a notable bearish divergence. This phenomenon occurs when an asset's price makes higher highs while an oscillator, like the Relative Strength Index (RSI), forms lower highs. It suggests weakening buying momentum and is often a precursor to a trend reversal. 📊 What Lies Ahead: While history doesn't always repeat itself, it can offer valuable lessons. The current market sentiment, combined with the bearish divergence, is a reminder of the importance of caution in crypto investing. 🚦 Trading Strategy: Risk Management: Protect your capital by setting stop-loss orders and defining clear risk tolerance levels. Diversification: Consider diversifying your portfolio to spread risk across different assets. Stay Informed: Keep a close watch on market news and developments that could influence Bitcoin's price. Conclusion: The crypto market is inherently volatile, and it can shift rapidly. While the current situation may appear similar to 2021, it's essential to approach it with an open mind and a well-thought-out strategy. Remember, trading and investing in cryptocurrencies carry risks, but they also offer opportunities. Stay vigilant, stay informed, and adapt to the evolving market conditions. 🌟 The future remains uncertain, but it's our ability to navigate the unknown that sets us apart as crypto enthusiasts. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
1
Gold Next Move ( High or Low ? )TVC:GOLD fell to near 7-month lows Thursday as traders pushed the yellow toward mid $1,800 levels in a decisive break from the $1,900-an-ounce support decimated in the prior session. Gold’s collapse below the $1,900 level has opened the door for technical selling towards the $1,870 region,” added Moya. :”If global bond yields are heading higher despite expectations that inflation will come down, current market positioning could allow a gold plunge towards the $1,800 region. So my opinion about short term , the yellow metal OANDA:XAUUSD will retest to 1887 zone then we will see if he breaks the resistance line or reject it .
TVC:GOLDLong
by ZumixFX
4