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EUR/USD Analysis The EUR/USD price is currently consolidating below the pivot line at 1.0680, showing bearish momentum. If this bearish trend continues, the next movement is likely to test support levels below. Scenarios: Bearish Scenario: If the price continues to trade below the pivot line (1.0680) and breaks below the immediate support at 1.0616, it may reach...

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Technically The price will trade at the bearish volume as long as trades below 21170, especially if can break 20990 which means will get 20790 Alternatively, a 4-hour or 1-hour candle closing above 21260 would support a bullish move toward 21350 and 21500. Key Levels: Pivot Point: 21070 Resistance Levels: 21170, 21240, 21350 Support Levels: 20990, 20790,...

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GOLD Technical Analysis GOLD has dropped about $70 as highlighted in the previous analysis. The price remains under bearish pressure as long as it trades below 2558, aiming to reach 2526. If it falls below 2526, it may further decline to 2500. For a bullish reversal, GOLD needs to break above 2558. This could lead to targets at 2576 and 2588. However, if the...

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Fundamental Analysis: MicroStrategy's Major Purchase: MicroStrategy’s recent acquisition of 27,200 BTC at an average price of $74,463 reinforces its bullish outlook. This buy has pushed Bitcoin's valuation and likely contributed to the recent rally, with Bitcoin now trading near $84,000. The company now holds 279,420 BTC, valued at approximately $23 billion,...

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USOIL Analysis Today, WTI Crude Oil is positioned for potential volatility with the upcoming CPI release, expected at 2.6%. This inflation data could significantly influence market direction. Key Levels: Pivot Line: 68.53 Resistance Levels: 70.49, 71.78, 72.74 Support Levels: 67.03, 65.85, 63.51 Scenarios: Bullish Scenario: A break and close above the pivot...

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GOLD Technical Analysis Today, Gold is expected to experience bearish volatility, primarily influenced by the anticipated CPI results. The price maintains a bearish outlook as long as it trades below 2612 and 2625, with potential targets at 2587 and, subsequently, 2554 if downward momentum continues. A bullish reversal would require a break above 2625, which...

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Technically: The price dropped from their ATH as we anticipated yesterday, Today should break 21070 by closing 4h candle under it, to be bearish till 20790 Otherwise closing 4h or 1h candle above 21260 will be bullish toward 21350 and 21580 Key Levels: Pivot Point: 21070 Resistance Levels: 21260, 21350, 21490 Support Levels: 20900, 20790, 20700 Trend: -...

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S&P 500 Technical Analysis The price dropped from its ATH and is continuing toward 5928 and 5891. This decline is driven by the upcoming CPI report, with the previous result at 2.4% and expectations at 2.6%. Given recent reports on job data and retail sales, there's a likelihood that CPI will exceed 2.6%, indicating higher inflation, which would negatively...

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Technical Overview: 1. Primary Ascending Channel: BTC/USD is trading within a long-term ascending channel, indicating an overall bullish trend that has persisted over multiple years. This channel’s upper boundary has now become a critical resistance zone around the $92,805 level. 2. Historical ATH Levels: BTC reached all-time highs (ATH) in April 2021 and...

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Technical Analysis The price dropped from 2677 to 2606, approximately $70, as mentioned yesterday. Today, the price is expected to consolidate between 2587 and 2606 until a breakout occurs. A bearish trend will be activated if a 4H candle closes below 2587, targeting 2553. Conversely, a 4H candle close above 2606 would indicate a bullish trend, with potential...

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The BTC/USD chart shows a strong upward trend, approaching a significant resistance zone. Key levels to note include: 1. Resistance Zone (Green Area): Around 73,814, BTC is nearing a strong resistance area. Breaking above this could lead to a new all-time high (ATH) with potential targets of 90,000 and 100,000 USD per BTC. This suggests strong upward momentum...

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GOLD Technical Analysis The price completed its retest up to 2706 and then dropped as previously anticipated. Today, the bearish trend continues, with price stability below 2677, which suggests further downside toward 2644 and possibly 2629. As long as trading remains below 2670, the bearish momentum is expected to persist, targeting 2644 and 2629. To confirm...

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Technical Analysis The price has reached a new all-time high (ATH) at 21250 and continues in a bullish trend, targeting 21350. Today, a retest down to 21170 or 21080 is possible. If the price closes a 4-hour candle below 21070, it may signal a bearish trend toward 20790. Alternatively, a 4-hour or 1-hour candle closing above 21260 would support a bullish move...

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Technical Analysis The price has increased by approximately +5.20% over the past week. Today, a corrective move toward 43900 is expected, with a break below 43760 potentially signaling a bearish trend targeting 43350. Alternatively, a break above 44270 would open a new bullish phase, aiming for 44400 and 44600. Key Levels: Pivot Point: 44270 Resistance...

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SPX: S&P 500 Futures Eye Further Gains as Index Targets 6,000 Milestone The S&P 500 index surged to a new record high on Friday, with futures indicating more potential gains at the New York open. Investor sentiment remains buoyed by the election results, with the "Trump effect" continuing to fuel demand for risk assets. Technical Analysis The price has...

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GOLD Technical Analysis For Gold to continue its bearish trend, it should remain below 2695 and 2707, aiming to break 2677 to move downward toward 2644. However, if a 4-hour candle closes above 2708, it may trigger a bullish move toward 2739. Currently, consolidation between 2677 and 2706 is possible until a breakout occurs. Key Levels: Pivot Point:...

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Market Holds Steady: Trump Rally Boosts Futures, All Eyes on Fed Rate Decision 1. Technically: The price has broken the previous ATH and is attempting to record new highs. Today, the market is expected to be volatile due to a 25 bps interest rate cut, which will impact market movement. As long as the price trades above 20790, the bullish trend is likely to...

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Technical Analysis The price has risen approximately 210 pips, as mentioned yesterday. Today, as long as trades remain below 5989, a drop toward 5931 is expected, followed by consolidation between 5931 and 5989 until a breakout. Alternatively, if a 4-hour candle closes above 5989, it would signal bullish momentum with a potential move towards 6021. Key...