DASH - USDT UPDATE on 4th January 2025... Where's it off to?Technical analysis hints a downturn... but I've got this "hunch" in my "stomach" that it could actually go up... Do you see my dilemma?
Tread carefully and don’t rush...
Sometimes, it’s smarter to look for other chances instead of jumping into a "half-baked" trade...
Take it easy... You've got the whole year to play the trading game! ;)
PS: here’s a printer-friendly "KISS" chart... and just so you know... leverage *10 on Binance is the way to go... ;)
Technicalindicators
CHZ - USDT UPDATE on 4th January 2025...Slowly slowly....Same like as BNB ( USDT UPDATE on 4th January 2025)...So slow...
If you are in the trade already than congrats ! If not yet... Be careful & don't rush... Look for the dip...
Sometimes is a much better to look for something else instead of taking "halfway "trade already...
Don't rush... You still got all year to trade! ;)
PS: printer friendly "KISS" chart... & BTW...leverage *10 on Binance recommended... ;)
BNB - USDT UPDATE on 4th January 2025...Slowly slowly.... If you are in the trade already than congrats ! If not yet... Be careful & don't rush... Sometimes is a much better to look for something else instead of taking "halfway "trade already...
Don't rush... You still got all year to trade! ;)
PS: printer friendly "KISS" chart... & BTW...leverage *10 on Binance recommended... ;)
USDCAD Analysis: Bullish MomentumThe USDCAD pair has been extremely bullish lately, which is why it caught my attention. We can see multiple breaks to the upside, indicating a strong trend. Despite expecting a potential pullback in the near term, the overall trend remains very strong. This is why I have entered a position on the 1-hour timeframe.
Using the WiseOwl Indicator, we can see that it has been capitalizing on the trend with previous wins of +3.96RR, +7RR, and +5.42RR. Currently, we are in a risk-free trade with the stop loss set at breakeven (BE).
The EMAs (20, 50, 100, 200) are all aligned to support the bullish trend. Let's see how this plays out! 💪
Trading MRI comprehensive trade analysis for BNZIBanzai International, Inc. ( NASDAQ:BNZI ) is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. Recent acquisitions, financial restructuring, and a reverse stock split signal strategic shifts aimed at enhancing the company’s market position. However, its financial metrics reflect significant challenges, including negative operating, profit, and gross margins.
Recent Stock Performance
Closing Price (Dec 20, 2024): $1.71 (+5.56% from previous close of $1.62).
Daily Trading Range: $1.63–$1.85.
Volume: 4.07 million shares (below the 4.23 million average).
Volatility:
5-day fluctuation: 16.33%.
30-day fluctuation: 11.04%.
Moving Averages:
+11.89% above 20-day SMA.
-19.48% below 50-day SMA.
-82.60% below 200-day SMA.
52-Week Range:
-99.23% from 52-week high.
+32.05% above 52-week low.
Recent Company Developments
Acquisitions:
Vidello: Adds 6.5M in revenue and 2.3M in EBITDA (announced Dec 20, 2024).
OpenReel: Enhances AI-powered marketing with enterprise video solutions (completed Dec 19, 2024).
Debt Restructuring (Sept 2024): 5.6M liabilities written off; 19.2M restructured.
Reverse Stock Split (Sept 19, 2024): 1-for-50 split to meet Nasdaq listing requirements.
These developments indicate strategic efforts to stabilize operations and capture growth in the video marketing sector.
Analysis Overview
Daily Timeframe:
Setup: Green Setup 3 progressing toward Green Setup 4.
Trend: Bullish short-term, supported by price action above the 20-day SMA.
Key Levels:
Resistance at $1.85.
Support at $1.60.
Weekly Timeframe:
Setup: Transition from Red Setup 8 to Green Setup 1.
Trend: Strong reversal potential.
Key Levels:
Resistance at $1.80–$1.95.
Support at $1.35.
Monthly Timeframe:
Setup: Red Setup progression from 2 to 4.
Trend: Bearish continuation.
Key Levels:
Breakdown below $1.45 signals bearish dominance.
Support at $1.30 and $1.20.
snapshot
Risk Assessment
1. Probabilities:
Daily (Bullish): ~50.7% success rate.
Weekly (Bullish Reversal): ~90% success rate.
Monthly (Bearish Continuation): ~55.6% success rate.
2. Risk-Reward Ratios:
Daily: 1:1.5 (moderate).
Weekly: 1:2 (favorable).
Monthly: 1:1.5 (moderate).
3. Trade Risks:
Financial instability and operational losses may limit upside potential.
Reverse stock split suggests efforts to manage compliance rather than growth.
Trade Recommendations
Daily Chart:
Action: Long on confirmation of Green Setup 4.
Entry: Above $1.75.
Stop-Loss: Below $1.60.
Targets: $1.85, $1.90.
Weekly Chart:
Action: Long on confirmation of Green Setup 2.
Entry: Above $1.80.
Stop-Loss: Below $1.35.
Targets: $1.95, $2.00.
Bold Prediction for Q1 2025 NASDAQ:BNZI
Optimistic Scenario:
If bullish reversals on daily and weekly charts are confirmed, supported by revenue growth from recent acquisitions:
Target Price: $2.10–$2.20.
Drivers: Growth in video marketing demand and operational cost savings from debt restructuring.
Target Price: $2.10–$2.50 by Q2 2025.
Pessimistic Scenario:
If bearish continuation dominates, compounded by financial challenges:
Target Price: $1.15–$1.25.
Conclusion and Bold Prediction
BNZI's stock performance in 2025 will hinge on the successful execution of its strategic initiatives and the market reception of its enhanced video marketing solutions.
Optimistic Scenario: Integration of Vidello and OpenReel drives growth and operational efficiencies, potentially lifting the stock to $2.50 by mid-2025.
Pessimistic Scenario: Continued financial losses and market volatility may push the stock to a low of $1.10 by mid-2025.
Investors should monitor quarterly updates on revenue growth, profitability improvements, and operational synergies from recent acquisitions. This will provide crucial insights into the company's trajectory in 2025.
XAU/USD - Gold Long trades"After yesterday's sharp decline in XAUUSD, the market is showing signs of stabilization, creating potential opportunities for long trades. Key support levels have held firm, suggesting bullish momentum could resume as buyers step in. We must closely monitor price action for confirmation, targeting a potential recovery towards key resistance zones. As always, proper risk management is essential. Let's see how this plays out!"
The bullish side breakout of 200 EMA in the 15-minute and 5-minute charts can be a good sign of a market uptrend.
Entry 1st zone - 2630-2640
Entry 2nd zone - 2673-2683
Entry 3rd zone - 2726-2736
Gold "trembling" waiting for US employment dataGold (XAU/USD) continued to fluctuate in a narrow range on Thursday morning, supported by geopolitical risks such as the Russia-Ukraine conflict, trade war concerns and political instability in France and South Korea. A weak US dollar also contributed to keeping gold prices high.
However, expectations of the Fed maintaining a tight monetary policy, along with a slight increase in US bond yields, are limiting gold's upside. Comments from Fed Chairman Jerome Powell kept investors cautious, waiting for the US Non-Farm Payrolls (NFP) report on Friday.
Personal opinion:
This week’s break below the multi-day ascending channel signals bearish momentum, but neutral oscillators on the daily/4-hour charts suggest waiting for a break below the $2,630 support before positioning for further losses. A subsequent decline could drag prices toward $2,622-$2,621 and potentially to $2,600.
On the upside, $2,655 remains the immediate hurdle, followed by $2,666. A sustained move above $2,678 could pave the way toward the $2,700 mark, but strong resistance around $2,721-$2,722 might cap gains. A decisive break beyond this level could shift the trend in favor of buyers and trigger meaningful upside momentum.
Pay attention to price range:
BUY ZONE: 2640 - 2638
SL: 2633
BUY ZONE: 2634 - 2632
SL: 2627
SELL ZONE: 2655 - 2657
SL: 2662
Gold “sideways” ahead of important Fed speechGold prices (XAU/USD) maintained a positive trend for the second consecutive day on Wednesday but remained confined within a familiar range. Investors appeared cautious, awaiting clearer signals on the Federal Reserve’s (Fed) rate cut trajectory before making decisions.
The focus now shifts to Fed Chair Jerome Powell’s speech later today and the U.S. Non-Farm Payrolls (NFP) report on Friday. These events will significantly impact monetary policy decisions and the short-term outlook for gold.
Personal opinion:
Recently, prices have been trading in a narrow range, signaling a consolidation phase after last week’s downtrend. The recent break below the four-day ascending channel supports the bears, but any drop below $2,622-2,621 could find solid support near $2,600.
On the upside, the $2,655 and $2,666 levels are immediate resistance. A break above $2,678 could push prices toward the $2,700 mark. However, a sustained move beyond the strong resistance zone at $2,721-2,722 is needed to open the door for significant gains.
Pay attention to price range:
SELL ZONE: 2655 - 2657
SL: 2672
BUY ZONE: 2637 - 2635
SL: 2630
BUY ZONE: 2627 - 2625
SL: 2620
Nov.26-Dec.02(ETH)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
After rising to around $3,700 last week, ETH has been experiencing some volatility. The WTA indicator shows a disappearance of the blue bars representing whales, indicating a gradual reduction in large capital inflows. Meanwhile, the purple wave area on the ME indicator is widening, suggesting a strengthening of bullish sentiment.
In summary, we believe that ETH may continue to fluctuate this week, and it is essential to be mindful of the risks associated with price volatility. We have adjusted the resistance level to 3,800 and the support level to 3,200.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.26-Dec.02(BTC)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.Since last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.
UPL Ltd. (NSE: UPL) AnalysisOverview: UPL Ltd. is currently trading at ₹545.50, showing signs of consolidation near its short-term moving averages. The price is poised at a critical level with a potential for either a breakout or a breakdown, depending on market dynamics and volume activity.
Technical Insights:
1.Support and Resistance Levels:
Immediate Support: ₹528 (marked by recent lows and a strong demand zone).
Key Resistance: ₹549.50 (current level) and ₹584.05 (previous swing high and significant supply zone).
2.Volume Profile:
The visible range volume profile indicates a concentration of volume between ₹540-₹550, suggesting this zone as a pivot for future price action.
A breakout above ₹549.50 could attract higher volumes, pushing the stock towards ₹584.
3.Moving Averages:
The stock is near its 20-day and 50-day EMAs, indicating a neutral short-term trend.
A clear break above the 200-day EMA would signal a shift in momentum towards the bulls.
4.RSI (Relative Strength Index):
RSI is hovering around 50, indicating a lack of strong momentum. A breakout above resistance could drive RSI towards overbought territory, confirming bullishness.
Scenarios:
Bullish Case: A breakout above ₹549.50 with high volumes could see the stock targeting ₹584.05 in the short term. Sustained momentum may lead to further upside towards ₹600.
Bearish Case: Failure to sustain above ₹549.50 might result in a pullback to ₹528. A breakdown below ₹528 could open doors for lower levels, around ₹510.
Trading Plan:
Entry:
Bullish: Above ₹550 for targets of ₹584 and ₹600.
Bearish: Below ₹528 for targets of ₹510.
Stop-Loss:
Bullish: ₹535.
Bearish: ₹540.
Final Thoughts: UPL Ltd. is at a crucial level with a well-defined risk-reward setup. Traders should wait for confirmation of direction with strong volume support before taking positions. Monitor global agrochemical sector trends and news for potential catalysts.
GOLD TECHNIAL UPDATE >GO :? AND READ THE : CAPTAINBuddy's dear friend 👋
Gold trading signals technical analysis setup I think 🧐 Gold ready for Down trand 😜 4 H Time Frame 🖼️ looks good Short Trade first Zone buddys 2774 Next Short Trade 2700
Why wait should be good choice for short Trade 😄. Technical analysis setup now stall Sell trend 📈. Follow risk management
Technical analysis setup look for short trade entry 2673 target 🎯 2540 OANDA:XAUUSD
Technical analysis setup look for short trade entry 2704 target 🎯 25 80 2540
🎮
S upport 🌟 My hard analysis Setup like And Following Me 🤝 that star ✨ game
#DYDX 4H. X2 Potential. 11/21/24The coin is in a sideways trend and near the lower boundary. If not now, then when to enter a position? Personally, I can’t give advice, as the best opportunity was yesterday, and the second-best opportunity is today.
From the current levels to $0.9, it’s quite reasonable to accumulate on spot. The nearest target is $1.8. You can easily take at least 2x on spot.
BTCUSD TECHNICAL UPDATE : GO AND READ THE :CAPTAINBuddyS dear friend 👋
Crypto Traders. Are you still wanting for buying zone right now 🙏🤔 BTC USD All time high 94k buying zone right now
92K Big support level 🎚️. Easy to recover 💪 back up trand 97k
Technical analysis setup look for first buying zone 94k Next buying zone support level 92k
Buying said 94k target 97k after 25 hours Hit 🎯
Next buying said 92k target 97k
After two 48 hours
Support ✨ My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎮 BITSTAMP:BTCUSD
Filling the gap and returning to the main path.After the rapid movement of the price from 2708 and going down and breaking the level of 2605, the price made a correction in the direction of filling the gap of the market towards the level of 2653 by reaching the range of 2545 and it is expected that after the gap is filled and the distance between the market and the collision With the trend line and reaching the range of 2676-2655, the expectation is to return to its downward path.
Nov.12-Nov.18(ETH)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend.
Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role.
Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million.
It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases.
After retreating to around $3,000 last week, ETH has been experiencing fluctuations. The blue bars of the WTA indicator, which represent whale activity, are still present. The orange wave area of the ME indicator has shifted to purple, indicating a strengthening of bullish sentiment.
In summary, we believe that ETH may rise this week, but it is essential to remain cautious of price volatility risks. We maintain a resistance level at $3,400 and a support level at $3,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.12-Nov.18(BTC)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend.
Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role.
Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million.
It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases.
Last week, BTC exhibited a volatile trend, with significant price fluctuations. The WTA indicator shows the appearance of blue bars representing whales, indicating the presence of large capital. The purple wave area on the ME indicator is widening, suggesting a strengthening bullish sentiment.
In summary, we believe BTC may experience an upward movement this week, but caution is warranted regarding price volatility risks. We have adjusted the resistance level to $95,000 and the support level to $85,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Gold remains around $2,675-$2,670 due to a stronger USD.Gold (XAU/USD) stays around $2,672-$2,670 as trading opens in Europe on Monday, continuing its recent downtrend from the October 31 record high. The USD remains slightly below last week's 4-month peak, driven by optimism over Trump’s economic policies, which are pressuring gold for the second consecutive day.
Investors expect Trump’s policies to boost growth and inflation while limiting strong Fed easing, keeping US Treasury yields high and pushing funds away from non-yielding gold. However, a mild risk sentiment may support gold as traders await US inflation data and Fed Chair Powell’s speech later this week.
Personal opinion:
A sell-off below last week's low around $2,643 could trigger further downside, potentially pushing gold towards the October range low at $2,605-$2,602. However, a rebound above $2,700 faces strong resistance near $2,718 and the $2,740-$2,745 zone. A break above these levels could signal the end of the correction and push gold towards $2,750 and the $2,758-$2,790 range, or even the record high from October 31.
Pay attention to the price range:
Buy Zone: 2656 - 2654
SL: 2649
Buy Zone: 2666 - 2664
SL: 2659
Sell Zone: 2687 - 2689
SL: 2694
$WULF: Primed and Ready to Launch! PT:$3.70Hello everyone,
NASDAQ:WULF is looking primed and ready to launch. Once it can break above this top resistance line at around $2.80 then price will head to the monthly at $3.63. Looking at the hourly for support.
Good luck everyone! It is looking very bullish right now for most crypto miners :)
#NIFTY Intraday Support and Resistance Levels - 06/11/2024Gap up opening possible in nifty near 24300 level. After opening if nifty starts trading above 24350 level then this bullish rally can extend upto 24500 level. Below 24300 level possible downside movement upto 24050 support level. Above 24500, Nifty will indicating strong bullish rally in upcoming sessions.
Gold stays strong amid the US election and Fed rate cuts.Early on Tuesday morning, the latest developments surrounding the U.S. presidential election showed that former President Donald Trump is leading Vice President Kamala Harris in each of the seven swing states, although the margin is very narrow. A survey by AtlasIntel revealed that Trump holds the widest margin in Arizona, with 52.3% compared to Harris's 45.8%.
This update seems to have helped the U.S. dollar halt its decline, keeping gold prices in USD at a low level. Furthermore, expectations of a less aggressive easing cycle from the U.S. Federal Reserve (Fed) have also supported the dollar.
Personal opinion:
Gold prices remain steady, fluctuating between $2,730 and $2,748, with no catalyst pushing them outside this range. While the RSI still indicates bullish momentum, buying pressure seems to be easing. For continued gains, gold buyers need to reclaim the key $2,750 level, which could lead to a target of $2,790. However, a daily close below $2,750 could signal further weakness.
Pay attention to the price range:
Buy Zone: 2715 - 2713
SL: 2708
Sell Zone: 2747 - 2749
SL: 2754
Sell Zone: 2761 - 2763
SL: 2768
Gold rebounds ahead of U.S. elections, market cautious on Fed.Gold prices have halted their adjustment from the record high of $2,790 set on Friday, as the U.S. dollar faces strong selling pressure. The gap opened lower following the latest poll results regarding the U.S. elections, which showed Kamala Harris surpassing Donald Trump in Iowa, marking a significant shift. The presidential race between the two candidates is intensifying, with Americans set to vote on Tuesday.
Additionally, U.S. Treasury yields are also declining due to market caution and expectations that the Fed will cut interest rates by 25 basis points on Thursday, which has supported non-yielding gold prices.
Personal opinion:
Gold prices are heavily influenced by the U.S. elections and the economic situation. Kamala Harris leading in the polls might make investors feel more optimistic. The drop in bond yields also indicates that people are looking for safe places to invest, increasing gold's appeal during this uncertain time.
Pay attention to price levels:
Buy zone: 2727 - 2725
SL: 2720
Sell Zone: 2747 - 2749
SL: 2754
Sell Zone: 2760 - 2762
SL: 2767