🕐 Midday Update | Thursday
₿ Bitcoin broke below support at 82,500$ and fell to 81,650$, and is now trading around 81,800$ (down about 2% in 24 hours). This is its third failed attempt to hold above 84,000$ , following October 13 and 14. Ethereum is around 2,400$ and Solana around $104.
🟡 Spot gold fell below 4,100$ and is trading around 4,085$ (down more than 1%), while silver fell about 3.6%. The reason: oil rose (Brent above $111) after a drone attack on the Shaybah oil field, heightening inflation concerns and expectations that interest rates will stay higher for longer.
📊 Gold Analysis – Daily Chart (COMEX futures)
📉 Price is below the 20- and 50-day moving averages, with a downtrend in place since September (MA20: 4,173 | MA50: 4,351)
🟥 Resistance: 4,164 / 4,242
🟩 Support: 4,082 / 4,028
🔴 A daily close below 4,082 opens the way to 4,028 (the lowest level in the past 60 days)
🟢 A move back above 4,164 and the 20-day moving average would ease selling pressure and put 4,242 in focus
⏳ There’s no clear spot trade right now; the trend is down and price is at support. We’ll wait for a confirmed bounce and won’t try to catch a falling knife 👌
$PAXG $BTC $ETH
#Gold #Bitcoin #Crypto
⚠️ This is not financial advice. Please stick to sound risk management 🤝
₿ Bitcoin broke below support at 82,500$ and fell to 81,650$, and is now trading around 81,800$ (down about 2% in 24 hours). This is its third failed attempt to hold above 84,000$ , following October 13 and 14. Ethereum is around 2,400$ and Solana around $104.
🟡 Spot gold fell below 4,100$ and is trading around 4,085$ (down more than 1%), while silver fell about 3.6%. The reason: oil rose (Brent above $111) after a drone attack on the Shaybah oil field, heightening inflation concerns and expectations that interest rates will stay higher for longer.
📊 Gold Analysis – Daily Chart (COMEX futures)
📉 Price is below the 20- and 50-day moving averages, with a downtrend in place since September (MA20: 4,173 | MA50: 4,351)
🟥 Resistance: 4,164 / 4,242
🟩 Support: 4,082 / 4,028
🔴 A daily close below 4,082 opens the way to 4,028 (the lowest level in the past 60 days)
🟢 A move back above 4,164 and the 20-day moving average would ease selling pressure and put 4,242 in focus
⏳ There’s no clear spot trade right now; the trend is down and price is at support. We’ll wait for a confirmed bounce and won’t try to catch a falling knife 👌
$PAXG $BTC $ETH
#Gold #Bitcoin #Crypto
⚠️ This is not financial advice. Please stick to sound risk management 🤝