Gold ($XAU ) rebound from the psychological support price level form in the month of July. Gold reclaim $4,000 on the head start of the Monday after facing strong selling pressure last week, at the time of writing this gold is trading near $4,010.
The main focus of the traders is now FOMC as the odds of rates hike has been cooldown and and the probability of rates unchanged has been increased. The pause in rates can bring the drastic surge in Gold and can make dollar weak. The Geopolitical tension is still remain the main concern for the markets, A Ceasefire between Iran and USA can work as a catalyst for bulls in risk assets markets and Gold may surge above $4,100.
The Relative strength Index RSI is at 35 lower than the level of neutral indicating bearish momentum, aiming upward indicating that the price can surge on short term.
Geopolitical tension didn't seems to be cool down any sooner, how do you see Bitcoin $BTC and Gold $XAU going to react on opening tonight lots of my position has got stuck in long and I'm confused either i book loss or wait for upside correction. kindly give your honest review. Gold entry 4150 xag 56 bitcoin 82k ethereum 2400 I can easily get out of bitcoin and eth but confused about xag and xau
I think crypto Traders never experience trading with Client 😂 Some of my position got stuck yesterday in Commodity market in $XAU and $XAG . Its really hard to manage clients.
I received my first 1st award from Binance in 2023, since then Im never able to participate in award campaign due my busy schedule, Next year In Sha Allah Im going to received multiple awards.
I'm avoiding trades on this weekend, higher volatility in tokenized gold $XAU and crude oil $CL . while Bitcoin and Ethereum also facing strong sell pressure .
Silver price plunge $XAG almost 6% yesterday after the USA CPI announcement however gold $XAU remain strong and rebound on the day start of Thursday, at the time of writing Gold is trading near 4150 and silver is trading near 56.5$. Traders are still cautious and waiting for the impact of PPI announcement.
$LTC Lite coin fall back again below 50DMA after the USA CPI DATA announcement, it can retest the support price level of 56$. If the retest turned successful we might see lite coin again trading above 70$
$MANTA surging strong after a long time, i think this bullish rally may continue to 0.1$, but unfortunately it will still not worth of for me because my purchasing is quite higher from 0.1$