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Gold could potentially surpass $6,000 per ounce #XAUUSD #Fed
by the end of the year if several major factors continue to support its price:
1. — Central banks, particularly in emerging markets, have been increasing their gold reserves to diversify away from the U.S. dollar.
2. — If major central banks continue cutting interest rates, the opportunity cost of holding non-yielding gold decreases, making gold more attractive.
3. — A weaker dollar generally supports gold because gold becomes cheaper for buyers using other currencies.
4. — Wars, political instability, and tensions between major economies can increase demand for gold as a safe-haven asset.
5. — Persistent inflation or renewed concerns about inflation can encourage investors to use gold as a store of value.
6. — Increased purchases through gold ETFs, funds, and institutional investors could create additional upward pressure.
Gold could potentially surpass $6,000 per ounce #XAUUSD #Fed
by the end of the year if several major factors continue to support its price:
1. — Central banks, particularly in emerging markets, have been increasing their gold reserves to diversify away from the U.S. dollar.
2. — If major central banks continue cutting interest rates, the opportunity cost of holding non-yielding gold decreases, making gold more attractive.
3. — A weaker dollar generally supports gold because gold becomes cheaper for buyers using other currencies.
4. — Wars, political instability, and tensions between major economies can increase demand for gold as a safe-haven asset.
5. — Persistent inflation or renewed concerns about inflation can encourage investors to use gold as a store of value.
6. — Increased purchases through gold ETFs, funds, and institutional investors could create additional upward pressure.
by the end of the year if several major factors continue to support its price:
1. — Central banks, particularly in emerging markets, have been increasing their gold reserves to diversify away from the U.S. dollar.
2. — If major central banks continue cutting interest rates, the opportunity cost of holding non-yielding gold decreases, making gold more attractive.
3. — A weaker dollar generally supports gold because gold becomes cheaper for buyers using other currencies.
4. — Wars, political instability, and tensions between major economies can increase demand for gold as a safe-haven asset.
5. — Persistent inflation or renewed concerns about inflation can encourage investors to use gold as a store of value.
6. — Increased purchases through gold ETFs, funds, and institutional investors could create additional upward pressure.
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BitcoinClears$85200
18,599 vues
247 mentions
We got the move, and $BTC is standing exactly where we were before the data. That’s what actual patience for a trade looks like.
The data came in mixed but with some important numbers. ADP Non-Farm Employment Change came at 90K vs 73K forecast, while Core PCE came in at 0.2% vs 0.3% expected. Final GDP was also stronger at 2.2% vs 1.5% forecast, while Personal Spending came in at 0.9% vs 0.8% expected. At the same time, Personal Income missed at 0.2% vs 0.5% forecast.
BTC initially surged to $85,600 and is now back where it needs to be. I’m still looking toward the lower ranges at $82,759 and the $80,000 liquidity, because the overhead liquidity is done and dusted.
We had a live session during the data, and during that session we saw the market at $83,800, then $85,600, and then back toward $83,000 and we still didn’t enter a trade.
That’s what patience is.
We can’t force an entry when the market has no clear direction. The same range is still in focus, and we’ll wait for the market to give us the setup.
Let me know, guys, how was the session? And should we have more regular sessions with our respected members so we can have proper discussions regarding the market?
#BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #BitcoinSlipsBelow$84000 #SECToClarifyOnChainFundraisingRules
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