rumeshprasanga

rumeshprasanga

Predicting the exact price of Bitcoin (BTC) is challenging due to the volatility of the cryptocurrency market. However, for December 2, 2024, Bitcoin is expected to remain relatively stable in the short term, with a possible range between $83,000 and $85,000. According to current forecasts, Bitcoin might be seeing minor fluctuations around these values due to...

rumeshprasanga

The Dow Jones (US30) is approaching a critical support level at 44,700, and its behavior around this point could dictate market direction for the session. Without major news on the calendar, technical analysis and sentiment will play pivotal roles. Here's how to prepare for potential scenarios. Scenario Analysis: Bearish Case: A break below 44,700 signals...

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rumeshprasanga

Gold price stays on the front foot early Wednesday, looking to regain the $2,650 barrier as the road to recovery extends for the third straight day. Traders now await the upcoming speeches from US Federal Reserve (Fed) policymakers and Nvidia’s earnings report amid lingering geopolitical concerns between Russia and Ukraine. Gold price looks to geopolitics and...

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Gold price retreats after touching a one-and-half-week top earlier this Wednesday and drops to a fresh daily low, below the $2,630 level heading into the European session. A goodish pickup in the US Treasury bond yields, bolstered by bets for a less aggressive policy easing by the Fed, revives the USD demand and undermines demand for the non-yielding yellow metal

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The short-term technical outlook for Gold price remains the same, with traders likely to adopt a ‘sell on bounce’ trade strategy as the 14-day Relative Strength Index (RSI) remains below the 50 level. The indicator is currently trading near 47. An impending Bear Cross adds credence to the downside potential. The 21-day Simple Moving Average (SMA) is looking to...

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The USDCAD price traded with clear negativity yesterday to break the minor support 1.4025$ and settle below it, to head towards potential test to the bullish channel’s support line around 1.3960$, making the bearish bias expected in the upcoming sessions, noting that this decline is temporary, waiting to resume the main bullish trend again after testing the...

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USD/JPY trades around 156.50 on Friday. Daily chart analysis shows a continued bullish bias, with the pair moving upwards within an ascending channel pattern. The 14-day Relative Strength Index (RSI) is just below the 70 level, supporting the bullish outlook. A breakout above the 70 mark would indicate an overbought condition, potentially leading to a downward...

rumeshprasanga

Gold price forecast on Monday, November, 18: 2561 Dollars, maximum 2689, minimum 2433. Gold price prediction on Tuesday, November, 19: 2554 Dollars, maximum 2682, minimum 2426. Gold price forecast on Wednesday, November, 20: 2530 Dollars, maximum 2657, minimum 2404. Gold price prediction on Thursday, November, 21: 2508 Dollars, maximum 2633, minimum 2383. Gold...