GS Goldman Sachs exposure to Circle and USDC !!!Goldman Sachs has been a significant investor in Circle since the company's early days.
In 2015, Goldman Sachs participated in a $50 million funding round for Circle, alongside other investors such as IDG Capital Partners and Breyer Capital.
This funding round was notable for being one of the largest investments in a bitcoin company at the time.
Since then, Goldman Sachs has continued to support Circle, participating in subsequent funding rounds and providing assistance with the development and adoption of Circle's products.
In particular, Goldman Sachs has been involved in the development of Circle's USDC stablecoin, which is pegged to the US dollar and used for a variety of purposes, including facilitating international payments and enabling decentralized finance (DeFi) applications.
In addition to its investment in Circle, Goldman Sachs has also shown interest in other areas of the cryptocurrency industry.
In 2018, the investment bank announced plans to launch a bitcoin trading desk, although these plans were ultimately put on hold due to regulatory concerns.
Nevertheless, Goldman Sachs has continued to monitor the cryptocurrency industry and explore opportunities for involvement in this rapidly evolving market.
And I think there are new information about to be revealed about Goldman`s investments in Circle and cryptos!
If you want to buy Puts, here are my favorites:
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Goldmansachs
Gold is expected to drop to around 1870
Yesterday, gold continued to rise during trading hours. It fell from the 1905 level to around 1887, and a further drop of $10 would have completed the gap filling at the 1867 level. However, stimulated by the news of the collapse of Credit Suisse Bank, gold rebounded due to increased risk aversion. The subsequent release of PPI data was also positive for gold, with the underlying message being not to raise interest rates excessively.
At the same time, as I mentioned earlier, the bankruptcy of Silicon Valley Bank and First Republic Bank was more due to the Fed's interest rate hike that plundered global wealth. Now looking back, not only the economic wealth of the world but also the assets and various obscure funds of the rich and powerful were not spared. This is reflected in Swiss banks, which we all know have dealings with many wealthy businessmen, politicians, and cryptocurrencies, oil dollars, hedge funds, and so on. If Credit Suisse Bank collapses, it will cause a global financial storm, and at this time, the US dollar will rise. And in Europe and NATO, their stock indices and foreign exchange markets were collectively shorted, and these published data played a very crucial role.
Remember the bankruptcy of Lehman Brothers in 2008 when gold rose more than $100 for two consecutive days? It then fluctuated for a week, and after risk aversion receded, gold returned to its price before the news broke.
Now gold has risen from around 1805 to 1937, an increase of $130. From this perspective, it is not very safe to chase gold at 1937.
We cannot be sure how high gold will rise before market sentiment stabilizes, but at this stage, it is not suitable to take big risks and chase after it. The higher it goes, the greater the probability of falling to around 1867, and the further away it is from 1867, the greater the profit potential of shorting.
After gold rose to around 1937 yesterday, Switzerland began to rescue the banks, reducing the spread of panic and suppressing the continuous rise in risk aversion. Therefore, gold subsequently fell back to around 1910 and rebounded, currently at around 1920.
If it cannot break through 1940 today, gold is highly likely to form a double top. After all, the resistance above 1940 is still very clear. Of course, if it can rise by around $50 today, reaching around 1970, combined with the initial claims data to be released today, the probability of returning directly to 1867 will be even greater. This is how the market works. It always surprises us with unexpected events.
Therefore, in today's trading, if there is enough margin and a willingness to take risks, one can try to short a small amount around 1930-1940. If it can reach around 1965, then we can go short with a heavy position.
Of course, such a transaction is premised on the absence of news similar to a bank bankruptcy. Currently, the global situation is tense, and after such an event, the Fed's interest rate hike next week will at least reduce or even stop. By then, the market will show retaliatory rise, which will be negative for safe-haven assets like gold. It could suddenly drop after being pumped up, with no technical factors, only a profit-taking and risk aversion easing is enough to make gold drop by $50 in one day. Moreover, the gap filling at around 1867 is still possible. It is important to remain cautious and avoid being too optimistic.
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GOLD BUYWelcome . gold market . In very positive condition. With the price reaching the strong resistance level 1820 and breaking the pattern. Double bottom, with the descending flag breached, there is a lot of bullish pressure from the buyers. To 1845 levels in the first stage. And level 1870 good luck. Note: If you like this analysis, please
Gold rally nearing its end, beware of bearish attack
The Federal Reserve has been raising interest rates over the past year, and regardless of the level of those rate hikes, they are now approaching their end. During this year, how much of the global US dollar has returned to the United States, and how much capital was directed to American banks during the Ukraine crisis, when Switzerland's neutrality failed? Despite the prolonged interest rate hikes, inflation remains high, so reaping wealth is temporarily difficult.
This is why bank failures are occurring. Regardless, these banks are still making money, because their assets are greater than the insurance the country needs to bear, while also causing financial collapse and stock market declines in other countries, completing the final wave of wealth harvesting.
Now, the Federal Reserve is gradually slowing its rate hikes, and may even start cutting rates to provide liquidity support for banks. In fact, every time a crisis is resolved, it is about harvesting global wealth. After the world pays for it, they continue to loosen their monetary policies, print US dollars, and circulate them globally, until the economy improves, and then use various means to plunder wealth!
Currently, the market sentiment is rising, and we cannot rely solely on technical analysis to find support and resistance, as these are insignificant in the face of the Federal Reserve and bank failures. What I can tell you is that everything has its limits. When everyone has the same view of a trend, it is the time when the trend is about to end.
We cannot be sure where gold will rise to, but it will definitely fall back to fill the gap at 1867 later on, and the more space there is, the better for them to reap more wealth. They are probably not satisfied with the current space of less than $50, and it is very likely that they will continue to push upward.
Therefore, today we need to focus on the areas near 1919, 1931, and 1958-1967, because only by opening up a $100 space and letting people forget about the position of 1867, can we have a chance for sudden changes, such as a $100 drop in one day.
The recent trend in the market is that you can go long when the price drops by $15-20 from a high point, such as going long when the price drops from the highest point of 1915 to around 1900-1895. This is a relatively safe way to conduct long trades.
If gold rises by $40-60 today, we must be alert for a sudden attack by the bears!
Of course, they may also use tomorrow's data to achieve their goals.
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Gold can go long
Gold has been fluctuating around the range of 1890-1914 today and has completed the initial support test. It is likely to attempt to break through the resistance near 1914. If it does, gold will rise to around 1919. If it fails to break through, it will continue to test the support around 1900.
Trading strategy:
Go long below 1903.
Gold: Today's Trading Strategy
Gold successfully regained the $1900 level under the push of various news. As of now, the follow-up handling of the SVB bankruptcy event only protects depositors without being responsible for the rights of shareholders and creditors. Following SVB, First Republic Bank also faced a run on its deposits, with its stock price falling more than 70% before trading was suspended yesterday. Prior to the suspension, the stock had fallen more than 60%. After opening yesterday, Cathay Pacific Wealth Management also fell by as much as 25%. 325 venture capital firms and 650 company founders issued a joint statement calling for the government to prevent disaster from happening, stating that Silicon Valley Bank must not fail. There has been no response yet.
Gold is under pressure today, fluctuating around the resistance level near 1914. From a technical perspective, the MACD on the 30-minute chart is about to form a golden cross, and the K-line is between the upper and middle bands of the Bollinger Bands, with a trend towards approaching the 1918 level, which is our first target for today.
On the 1-hour chart, the MACD indicator has formed a death cross and is currently showing signs of a turnaround. The K-line is near the middle band of the Bollinger Bands, and the upper band resistance is near 1919. Starting from near 1810, the K-line has been supported by the middle band and has been trending upwards. As long as it does not fall below the middle band, the trend is still biased towards the upside.
Therefore, I believe that today's trading is still suitable for focusing on buying on dips. Pay attention to the support levels of 1900, 1883, and 1865, and the resistance levels near 1918, 1931, and 1958.
Specific trading strategies:
The first buy point is around 1900-1906, and the second buy point is around 1890. If the resistance near 1914 is broken, 1910-1915 will become support levels and can be used as buy points.
The target levels are 1918, 1931, and 1958.
Thank you for your attention and support. Please also pay attention to the real-time updates below. The market is constantly changing, and I will adjust my strategies in real-time.
Gold: This will be the best trading strategy currently available
Gold has shown strong momentum today, breaking through the 1900 level. As of now, the upward trend has not been completely exhausted, and the risk of bank runs is likely to continue to drive gold higher. Our next resistance target is around 1918, followed by 1931, and if we can break through, 1958 will be our highest target in the near future.
During the upward movement, we need to pay attention to several support levels: 1900, 1887, 1863, and 1855. As long as the support is not broken, the price of gold will continue to rise.
At the same time, we need to pay attention to the follow-up impact of the recent SVB bankruptcy event, focusing on whether the Fed's response plan is effective. If risk aversion subsides, the probability of a sharp drop in gold prices will increase.
I will continue to track market trends and share my trading strategies. Thank you for your attention and support!
Gold Poised to Break New Highs?The collapse of Silicon Valley Bank triggered a sharp drop in the US dollar and sparked safe-haven demand, rescuing gold prices from a slump. The price of gold has surged for three consecutive days, breaking through $1,900 per ounce, and if it confirms a sustained breach above this level, it could open the door to reaching February's high of $1,960.
Last Tuesday, gold prices were under immense downward pressure as Federal Reserve Chairman Powell testified before the Senate, saying that the Fed was prepared to accelerate the pace of interest rate hikes, and that terminal rates may be higher than previously expected. This statement fueled expectations of higher interest rates, shifting the market's focus from betting on a 25-basis-point rate hike in March to a 50-basis-point rate hike, and raised the expected terminal rate of the Fed to over 5.7%.
Under these high expectations of interest rate hikes, the US dollar index surged to a near three-month high last Tuesday, causing gold prices to suffer a heavy blow, plunging over $30 per ounce, threatening to break below $1,800. However, just as gold prices were on the brink of collapse, a major black swan event saved the day. Last Thursday, media reports revealed that Silicon Valley Bank had suffered huge losses in US bond and mortgage-backed securities trading due to a decline in client deposits, and sought to raise $2.25 billion through the issuance of common and convertible preferred shares to avoid a liquidity crisis.
The crisis at Silicon Valley Bank changed market expectations for Fed interest rate hikes, causing the US dollar to fall and completely giving up the gains made in response to Powell's congressional testimony, and consequently, the price of gold rebounded and strengthened. On Friday, US non-farm payroll growth exceeded expectations, but the market was more sensitive to the unexpected rise in the unemployment rate and weaker-than-expected wage data, causing expectations of interest rate hikes to cool further and gold to surge $36 per ounce.
Although US officials announced emergency lending facilities and deposit guarantees to stabilize market sentiment after the collapse of Silicon Valley Bank before the Asian market opened on Monday, which had a soothing effect on the market, the US dollar continued to fall, boosting the price of gold. However, this improvement in sentiment was short-lived, as panic swept back into the market during the European session, driving up demand for safe-haven assets and intensifying the upward trend in gold prices. Meanwhile, the US dollar remained weak, continuing to support the price of gold.
With the combination of these two positive factors, the price of gold has broken through the $1,900 level during the US morning session. If this market trend continues, the upward momentum of gold prices is expected to strengthen further. Technical analysis of gold prices shows that breaking through the 1900 level would provide further upward momentum. The key level in mid to late January this year has now been surpassed, indicating further upside potential. If this expectation is met, the next target could be the range of $1,950 to the February high of $1,960. If there is a short-term correction, attention should be paid to the 1890-1900 range, which is expected to have turned into support and limit downside potential.
Gold: Continue to go long with a target of 1900
The surge in risk aversion has driven gold higher, breaking through the resistance level of 1880 and is likely to reach 1900 next. Therefore, trading should continue to be long-focused.
Of course, it is not sustainable for gold to keep rising without a correction. There is a higher probability of a pullback near 1900, and attention should be paid to the support range of 1867-1860.
By now, I think everyone should know how to trade!
Today's strategy is simple: go long below 1900 with a take-profit target of 1885-1899, and short above 1900 with a take-profit target of 1885-1865.
I will update and share real-time during trading hours, thank you for your attention and support!
Can the price of gold continue to rise?After the California banking regulator closed Silicon Valley Bank (SVB), the price of gold rose 2% on March 10.On March 11, the state regulator also closed Signature Bank, which is headquartered in New York.Due to market concerns about the stability of the banking system, the dollar fell sharply, which pushed gold prices higher in the short term.
In addition, with the outbreak of a crisis in the U.S. banking industry, expectations of the Fed's interest rate hike have cooled, and Goldman Sachs even expects that the Fed will not raise interest rates in March, which will limit the rise of the dollar and boost gold.
Although the Silicon Valley Bank incident, the U.S. Treasury Department has taken steps to ensure the safety of all depositors' funds, helping to ease the panic in the market.However, in essence, the U.S. Treasury Department's actions have not broken the rigid redemption, which is not conducive to market clearance, or will bury more hidden dangers. Therefore, in the short term, the crisis of trust and run crisis caused by this banking crisis may continue to ferment.The current market's lack of confidence in the US dollar and the cooling of expectations of the Fed's aggressive pace of interest rate increases will also support gold to continue to rise.
At the same time, whether gold prices can continue to maintain an upward state still needs to be observed in the data, especially the specific situation of the US CPI data for February.
From the technical point of view, the gold price forms a W-bottom pattern structure on the 4-hour level chart, which helps to support the upward movement of the gold price. Although the current weakening of the upward momentum has led to a decline in the gold price, as long as it does not fall below the 1870 line, gold still has the opportunity to touch the 1900 or even the 1920 line upwards.
Gold: Real-time trading strategies
Backtesting gold has found support near 1870, and has risen in the short term. Currently, it has reached a resistance level near 1890. If it can break through, there is potential for it to touch 1900. If it cannot, it may fall back below 1870 again. Based on today's trend, it is still suitable for long trades. Therefore, after the fall, it can be bought again.
Stay tuned as I will update trading strategies at any time.
Subsequent processing of SVB bankruptcy and its impact on gold
The federal government has announced that Silicon Valley Bank depositors will be able to withdraw 100% of their deposits starting from Monday. The official statement claims that, after joint recommendations from the Federal Savings Insurance Corporation and the Federal Reserve, and reporting to the President, the Treasury Secretary has signed and approved actions to complete the closure of Silicon Valley Bank, and all depositors can use their deposits, with full protection, from Monday, March 13. Additionally, a new program will be established to provide funds to other banks, allowing them to borrow from the federal government for up to one year using low-risk debt such as government bonds as collateral, in order to meet the needs of all depositors.
This news has had a certain restraining effect on the currently high safe-haven sentiment. Gold is expected to pay close attention to the 1900 resistance level and the 1867-1863 support level. If support falls below this range, it indicates a significant easing of safe-haven sentiment, and the sharp rise in gold prices will be suppressed, with short-term demand for a pullback.
💾 Goldman Sachs Group Worst Since 2008 | Major Crash AheadI was about done but couldn't stop this without looking at the infamous Goldman Sachs Group, this is the 8th biggest bank corporation in the USA.
The peak/All-Time High here was hit November 2021, together with Bitcoin and most of the worlds financial assets... Let's start with the weekly chart:
✔️ In January 2023 we saw the highest selling volume week since February 2016. This tells us that the insiders know what is coming and started the sell-off early on.
✔️ This week pushed GS below EMA50 and EMA100.
✔️ We are at the 4th consecutive week closing red and the financial bleeding seems to just be starting.
✔️ The RSI trending down like there is no tomorrow and the MACD histogram has gone red with a bearish cross.
I'll show you the MACD because the bearish cross is always quite revealing:
The monthly is the main chart above, the real bad news.
✔️ GS was still trading above EMA10 last month, breaking below this very same week. This tells us that there is still plenty of room for this stock to go lower.
✔️ The MACD is still above 0 (bullish) but trending lower.
✔️ The RSI is still strong (above 50) but in a downtrend.
The biggest disconnect from reality so far from any bank can be seen on this chart.
The Goldman Sachs Group (GS) holders, buyers, traders or whatever you want to call them, haven't been selling, they are still holding strong.
Some people are going to experience a rude awakening... The worst is yet to come.
The banking system is going down, that's my conclusion after reading all these charts.
Thank you for reading.
Namaste.
Gold: Continue to go long in this range
Gold was impacted by non-farm payroll and unemployment rate data, breaking through resistance near 1845 in the short term and surpassing the previous high near 1859, rising to around 1870. Currently, 1845 and 1860 have both turned into support levels from resistance levels, causing the trend of gold to change to an upward trend.
Due to the significant short-term increase, there is expected to be a need for support testing in the future. Therefore, I believe that as long as gold does not fall below the support levels of 1845 and 1860, the focus should still be on long positions. I will update specific trading points during daily trading, so please stay tuned to receive timely notifications of trading updates.
Gold: How to trade after breaking through the resistance at 1823
After breaking through the resistance at 1823, gold rose to 1835, breaking through the resistance level near 1831 during the period. Currently, it is starting to fall. Since breaking through 1823, this level has changed from resistance to support, and the current support range is between 1822-1825. If it does not fall below this level, the short-term trend of gold will turn from bearish to bullish, with resistance levels at 1835, 1844, and 1858.
In addition, non-farm data will be released tomorrow. Based on today's data, there is a high probability that it will be bullish for gold. If both the technical and data aspects are bullish for gold, then gold will undoubtedly rise and is likely to test the previous high.
If the data is bearish but the market does not fall below 1804, the probability of a rebound is still high, so it is currently better to focus on the long side, as long as it does not fall below 1823.
I will continue to monitor market trends in real-time and share strategies. Thank you for your attention and support.
I will share more interesting trading strategies! If you have any questions, please leave a comment in the comment section. I will provide you with the most reliable solution with the most serious and responsible attitude to help you solve the problem!
Wishing you a pleasant day!
Gold: Latest Trading Strategy
Gold is currently testing the resistance in the range of 1820-1823. If it can break through the resistance, the price is expected to rise to around 1831. If it cannot break through, it is expected to fall below 1813.
Based on the current trend, the probability of a direct upward breakthrough is not high. It is expected to rise and then fall back rapidly, just like yesterday. Therefore, I believe short positions can be initiated in the range of 1820-1825 with profit-taking at 1815-1810.
I will continue to track market trends and share trading information in real-time. Thank you for your attention and support! With you, the world is a better place!
Wishing you a wonderful day!
Gold: Where are the bulls taking profits?
On the 15-minute chart for gold, the MACD is about to form a golden cross, which is a bullish signal. We entered a long position accurately near 1847 and are currently holding it, waiting for the first take profit level near 1853.
Thank you for your attention and support, please stay tuned as I will update our trading strategy at any time!
Seize the opportunity to buy gold on the rise.
The recent downturn in gold is due to the speech by the Federal Reserve, which negatively impacted gold and increased market panic, leading to an acceleration of the decline in gold prices. In the face of news, technical analysis is only a reference. Therefore, it is important to emphasize the importance of controlling positions. A rational approach to investment recognizes that there are no single trades that will never lose, and investment returns should be viewed holistically.
After this wave of gold decline, market sentiment will be exhausted, and gold will immediately return to its normal range of fluctuations. The probability of a rebound is very high.
At this point, it is possible to capture a rebound. Buying directly on the rise, the first take-profit position is around 1818 points. The second take-profit position is placed around 1823 points. As gold is currently in a fluctuation phase, position size should not be too heavy. Focus on the 1823 point position. The market is constantly changing, so be flexible in response.
The strategy for gold will be updated in real-time, so stay tuned.
Excellent Buying Opportunity for Gold.
On the 4-hour chart of gold, it can be seen that the current candle is supported by the 4-hour Bollinger midline and is oscillating upward. At present, it is once again testing the support level of the previous high and Bollinger midline around 1845, which is an excellent long position to take advantage of! Don't miss this opportunity as it may not come again.
There is pressure in the 1860-70 range above, so it is best to consider a short position only after touching that level!
Specific strategy:
Go long on gold at 1845 with a stop loss at 1837 and a take profit at 1860. I believe there are still many friends who bought long positions around 1860 and may be trapped. You can also consider increasing your position around 1845 and gradually unlocking the profits. Similarly, those who bought long positions at 1850 can also add to their position around 1845 and wait for profit-taking to exit.
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GOLD BUYWelcome . gold market . In very positive condition. With a very strong model. Head and shoulders. And break it with a very positive green candle. There is a lot of pressure from buyers to lift the market. To 1860 levels in the first stage. And the second stage 1870 Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you