🕐 Midday Update | Monday
₿ Bitcoin is holding onto its rebound and trading around 83,000$ after touching $83,158, up about 1% over the past 24 hours. Ethereum is around 2,444$ and Solana around $106.
🟡 Gold: Spot gold is around 4,170$ and futures are around $4,189, after touching 4,211$ today before pulling back. 📌 The drop in oil prices today gave gold a slight boost by easing inflation concerns. 📌 But U.S. import prices rose more than expected in September, and the FedWatch tool puts the odds of a rate hike at 16% in October and 92% in December, putting pressure on gold.
👀 Next week: the Fed meeting on October 27–28 and PCE data.
📊 Gold Analysis – Daily Chart (COMEX)
📈 Trend: Sideways below the moving averages, with price still below the 20-day and 50-day averages (MA20: 4,204 | MA50: 4,370)
🟥 Resistance: 4,242 / 4,259
🟩 Support: 4,143 / 4,095
🟢 A daily close above the 20-day average, followed by a move above 4,242, opens the way toward 4,259
🔴 A break below 4,143 and a close beneath it would put last week's low at 4,095 back in view
⏳ Price was rejected at the 20-day average area today and is now in the middle of the range, so there’s no clear spot trade right now. We’ll wait for a close to confirm the direction 👌
$PAXG $BTC $ETH
#Gold #XAUUSD #بيتكوين
⚠️ This is not financial advice. Please follow sound capital management 🤝
₿ Bitcoin is holding onto its rebound and trading around 83,000$ after touching $83,158, up about 1% over the past 24 hours. Ethereum is around 2,444$ and Solana around $106.
🟡 Gold: Spot gold is around 4,170$ and futures are around $4,189, after touching 4,211$ today before pulling back. 📌 The drop in oil prices today gave gold a slight boost by easing inflation concerns. 📌 But U.S. import prices rose more than expected in September, and the FedWatch tool puts the odds of a rate hike at 16% in October and 92% in December, putting pressure on gold.
👀 Next week: the Fed meeting on October 27–28 and PCE data.
📊 Gold Analysis – Daily Chart (COMEX)
📈 Trend: Sideways below the moving averages, with price still below the 20-day and 50-day averages (MA20: 4,204 | MA50: 4,370)
🟥 Resistance: 4,242 / 4,259
🟩 Support: 4,143 / 4,095
🟢 A daily close above the 20-day average, followed by a move above 4,242, opens the way toward 4,259
🔴 A break below 4,143 and a close beneath it would put last week's low at 4,095 back in view
⏳ Price was rejected at the 20-day average area today and is now in the middle of the range, so there’s no clear spot trade right now. We’ll wait for a close to confirm the direction 👌
$PAXG $BTC $ETH
#Gold #XAUUSD #بيتكوين
⚠️ This is not financial advice. Please follow sound capital management 🤝