Investors are waiting for new cluesXAUUSD prices have been pushed up several times to reach new highs while also encountering new resistance, and are now in a retracement phase. More investors are waiting for new clues to judge the future price trend, and it is important to know that holding physical gold does not bring us more interest income. Recently the dollar is not strong anymore and the market pattern seems to have changed, so the market situation is now more complex and the analysis of its trend needs more consideration, which makes trading decisions more difficult.
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Predictions
50%+ gains incoming for Chainlink According to chart patterns only. Do your own research . Chanlink seems to be looking to push above previous $9 area. With a temporary retracement to $8 before topping off at/or around $10.90, where there still seems to be minor resistance. Expect a deep pullback at this point.
Fear is growing and investors are selling at a lossWhen BTCUSD fell to $15,597, analysts were turning to technical charts to try to find the next price path. the FTX crash was just the trigger, and the cryptocurrency market has been influenced by U.S. interest rates.
cryptocurrencies are risky assets by nature, and their sharp decline has a lot to do with expectations that the Federal Reserve will continue to raise interest rates.
Shorting at the right price level may make you rich.
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It seems no one is safe from the crypto liquidity crunch.However, it doesn't look like inflows have cooled off. On the contrary, the indicators actually seem to be climbing even more.
This indicates that Ether continues to be under selling pressure, which suggests that the current levels may not be the bottom and that the value of the cryptocurrency may fall further in the future.
Price levels $1190-1267 bearish
Stop Loss $1400-1450
Target X
"Exchange Inflows" is a measure of the total amount of Ether entering wallets on centralized exchanges.
There are two versions of this metric, the first records inflows specifically to derivatives exchanges, and the other records transfers to spot exchanges only.
In general, an increase in derivatives inflows leads to increased market volatility because it means that new futures positions are opening up and leverage is increasing.
A spike in spot inflows could have a direct bearish impact on the price of cryptocurrencies, as investors typically deposit these exchanges for sale.
XAUUSD Cautious BuyAlthough the price of gold is affected by the change in interest rates and caused to fall, I think the price will fluctuate in the range of $1640-1672, I will try to buy at $1745-1748 with a stop loss set at $1735-1738. Short term trading should not be greedy and always be ready to leave the market.
Also I support my view with a broader time period chart where the gray area is where price is potentially staying.
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