#crptonews
#GOLD_UPDATE
#SilverUpdate
#OilMarket
1. White House Crypto Summit
President Donald Trump will host an emergency summit at the White House on 19 August with top digital asset executives and federal regulators. This high-stakes move comes at a time when the odds for the Clarity Act appear to be low.
2. Gold Technical Analysis ($4.6k to $4.4k)
Gold’s chart shows signs of a possible breakout from a 200-day bullish wedge. The immediate breakout target is $4,600, where many sidelined investors will try to enter, after which the price could drop to retest below $4,400.
3. Gold Price Target ($8,000 Hypothesis)
According to Alasdair Macleod, risks to the US Dollar are increasing due to oil supply disruptions, and investors are rapidly shifting their focus toward Gold and Silver. Citing the historical example of the 1973–1974 OPEC crisis, he says Gold’s price could reach as high as $8,000.
4. UK and EU De-industrialization
Driven by net-zero targets, de-industrialization is ongoing in the UK and the EU. In the UK, industrial electricity prices are the highest, steel plants need government subsidies to keep running, and reliance on energy imports is increasing due to the ban on North Sea drilling. As a result, most industries are shifting to China.
#GOLD_UPDATE
#SilverUpdate
#OilMarket
1. White House Crypto Summit
President Donald Trump will host an emergency summit at the White House on 19 August with top digital asset executives and federal regulators. This high-stakes move comes at a time when the odds for the Clarity Act appear to be low.
2. Gold Technical Analysis ($4.6k to $4.4k)
Gold’s chart shows signs of a possible breakout from a 200-day bullish wedge. The immediate breakout target is $4,600, where many sidelined investors will try to enter, after which the price could drop to retest below $4,400.
3. Gold Price Target ($8,000 Hypothesis)
According to Alasdair Macleod, risks to the US Dollar are increasing due to oil supply disruptions, and investors are rapidly shifting their focus toward Gold and Silver. Citing the historical example of the 1973–1974 OPEC crisis, he says Gold’s price could reach as high as $8,000.
4. UK and EU De-industrialization
Driven by net-zero targets, de-industrialization is ongoing in the UK and the EU. In the UK, industrial electricity prices are the highest, steel plants need government subsidies to keep running, and reliance on energy imports is increasing due to the ban on North Sea drilling. As a result, most industries are shifting to China.