Alexia_Putellas

Alexia greets everyone! Currently, the price is trading at $1936, unchanged from the previous trading session. Gold information: The Fed chairman continues to support the strength of the USD and high bond yields. These are significant obstacles for gold. Due to the tightening trend of the Fed, there is not much incentive to buy gold at this time. Meanwhile, tensions in the Middle East do not have a significant impact on the price of gold. Although Israel continues its ground attacks on Gaza in a new conflict with Hamas, the conflict has been restrained so far. Alexia's personal view for this week: In the short term, the price may test the $1,900/ounce level and could potentially decrease further. What is your perspective? Do you agree with me or not?

Dear valued readers, The market has been consistently consolidating in recent trading sessions, moving sideways with a strong upward trend. At the time of writing, the cryptocurrency market is trading below the 37,000 USD resistance level. The upward trend is robust as it is consolidating at a high level with stable trading activity on the 2-hour time frame. Therefore, there is high anticipation for the approval of the Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). This has contributed to making the market hotter than ever. It is expected that this price increase will reach 39,200 USD. What are your thoughts on this matter? Do you agree with me?

Hello everyone! Overall, the beginning of the week's trading session still favors the bearish side as gold opened at $1938. The tension in the Middle East has not had a significant impact on gold prices. Despite Israel's ongoing ground attacks on Gaza in the new conflict with Hamas, the conflict has been contained so far. On the 4-hour chart, the price has surpassed two previous support levels, indicating a potential Dow Theory confirmation. Therefore, I expect the price to retrace back to $1915 once it completes its short-term correction. Hence, the trend for this week is bearish. What are your thoughts on this? Do you agree with me?

Dear friends, as anticipated, the electronics market continues to rise, with prices currently trading at $36,972. Bitcoin has been trading within an impressive upward channel since its significant surge at the end of October. The strong upward trend is reinforced by its stability in daily trading activity. Therefore, it is highly anticipated that the price may reach $40,000 at this point. Stocks have had their best week of the year, so BTC may benefit from the overall market strength. This has made the market hotter than ever, with expectations that this price increase could reach $62,000. What are your thoughts on this matter? Do you agree with me?

Alexia sends greetings to all of you! Today, gold continues to maintain a downward trend. At the time of writing, the price has temporarily halted trading at $1938, the lowest level in 4 weeks, near $1940. The precious metal is facing difficulties in increasing prices due to some policy makers from the Federal Reserve expressing support for further tightening. XAU/USD is declining. In the coming time, based on the 4-hour chart, it may continue its downward slide below the price channel limit at $1920. A breakout above the descending channel will encourage buyers and bring higher profits for the day. Support levels: $1945, $1933, $1923 Resistance levels: $1965, $1978, $1989good luckThe safety shelter of gold is weakening when the conflict in Gaza and Israel seems to have stabilized, not escalating.

Hello everyone. Last week, we witnessed a significant increase in the price of gold. At one point, gold reached a high of $2010. Currently, gold is trading around $1948, down about $20/ounce from yesterday. It is clear that the decline in US bond yields has weakened the US dollar and supported some XAU/USD. The economic uncertainties in China further helped limit losses ahead of Fed Chairman Powell's speech. Gold traders are awaiting the weekly Unemployment Claims data from the US and Powell's speech for new trading impetus. If Powell maintains a less hawkish stance, gold prices may experience a much-needed decline. However, the weakness in gold prices could persist if the Fed Chairman does not provide any signals regarding interest rate prospects.

Hello everyone! Currently, the price of Bitcoin is still on the rise, nearing $36,000. This upward trend has been positively explained by the Federal Reserve's accommodative stance. Analysts have set a target price of $50,000 for Bitcoin due to the bullish sentiment. In market news: The open interest in Bitcoin futures contracts has significantly increased today, with CME's Bitcoin futures open interest rising by 6.14% to $3.89 billion. This has contributed to a total open interest of 466.98k BTC across platforms, led by Binance with an open interest of 113.10k BTC. The total open interest in BTC on CME has surpassed the 100,000 mark, reflecting positive market sentiment amidst predictions surrounding the leading cryptocurrency. The expected approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission is expected to attract billions of people to the Bitcoin market. This could trigger a cryptocurrency rally, coinciding with the anticipated Bitcoin halving in April 2024. Conclusion and trend analysis : At the time of writing, the electronic market is trading at $36,425, and surpassing the price channel will push it even higher. This is a classic example of a bullish market, and the asset is expected to continue its upward trend if BTC maintains above the psychological barrier of $30,000.good luckAs the context continues to develop with the participation of more organizations, the cryptocurrency market can see more confirmation and integration into the mainstream financial.

Dear friends, Currently, the price of gold is decreasing due to the close relationship between gold and the sharp drop in oil prices. The WTI oil price has dropped to $77 per barrel. Although the increase in the US dollar has an impact on the price of gold, precious metals still attract the attention of major investors. At the time of writing this article, gold is trading around $1947 - $1954, indicating that gold is relatively calm. It is expected that the price of gold will decline to $1932 after retesting the previously broken resistance level in the near future, thanks to the stable trend on the 3H timeframe.The yield of US Treasury bonds extends the losses after the US Treasury auctioned 40 billion USD of 10 -year bonds at 4.519% compared to 4.61% previously seen.The "hawk" signals from the President of the US Federal Reserve (Fed) Powell on Friday have submerged in the context of this precious metal that is lacking support factors.

Alexia hello every one! Bitcoin has gradually been trading higher since a major move at the end of October. As seen on this chart, a parallel price channel has been established and is still functioning well. Just as predicted yesterday, the digital currency continues to rise and is currently holding at a high level above $35,000. As of the beginning of today, BTC has once again touched a support level and witnessed a rebound from the low point. However, as long as we remain below the midpoint of the price channel, there is a higher possibility that the selling side will prevail and push the price below the support zone along the trendline. In the long term, the price action remains optimistic, but we may encounter some moments of price decline along the upward journey.

Alexia , hello every one! The price of gold continues to decline today, trading at $1966 and losing 0.12% during the day. Gold is under pressure to decrease as the US dollar in the international market rapidly rebounds after a decline due to the Federal Reserve's dovish signals. The DXY index, which measures the fluctuations of the US dollar against a basket of six major currencies, has risen from 105 points to 105.7 points and plays a significant role as a strong resistance to the rise in the price of precious metals. Forecast for gold and future trends: Despite the significant decrease, demand for this commodity is increasing again, and some forecasts suggest that gold may not decline deeply as it is also considered a safe haven asset during times of increased political tensions. Moreover, it is difficult for the US dollar to strengthen significantly as the Fed has signaled a less hawkish stance and the US is nearing the end of its interest rate hike cycle. The decline may form around the $1950 level.