Gold experienced a turbulent week, characterized by sharp declines and subsequent recoveries. - Fed rate cut speculation surges with a 55% chance of a 50-bps cut, potentially pushing gold prices to new highs. - Upcoming CPI and PPI reports are crucial; weak inflation could prompt Fed cuts, potentially sending gold to $2,500. - Global gold demand shifts: India...
Bitcoin price could run 5% north to test the $40,000 psychological level amid rising momentum and bullish RSI crossover.
SUPPORT & RESISTANCE S3 1.20368 S2 1.20368 S1 1.20898 R1 1.2668 R2 1.2668 R3 1.31418 Last updated: Nov 28, 2023 PIVOT POINTS S3 1.26198 S2 1.26389 S1 1.2648 R1 1.26671 R2 1.26771 R3 1.26962 P 1.2658
GBP/USD dangerously close to the neckline of a Head&Shoulders formation