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Currently, Gold is gradually recovering its trading below the resistance level of 1980 USD. At present, the precious metal is trading around the 1967 USD mark, marking a 7 USD increase in a day.It can be observed that after Gold formed its peak at 2005 USD and experienced a sharp decline, we call it wave 1 of the DOW theory. If wave 3 (the current wave) of the DOW continues to unfold, it will be a price increase wave with a temporary target of 2010 USD, followed by 2050 USD.

Dear readers, as predicted yesterday, based on technical analysis, Gold seems to lack the momentum to increase in price. It has weakened from $1970 and is currently trading at $1957, struggling to break through the immediate resistance level at $1962.Therefore, it would not be surprising if gold sellers aim to profit from the expected decline to $1950 before any new bullish momentum emerges in today's trading session. Today, we will receive important news, so stay tuned as it could act as a catalyst to push gold prices back up.

Dear friends, Gold has successfully broken free from the downward trend and is currently experiencing an impressive price increase. Currently, it is trading in the range of $1968-$1970, with a potential correction at $1953.Furthermore, the US consumer price index remained unchanged in October, and there are signs of a slowdown in underlying inflation. The CPI increased by 3.2% compared to the same period last year, while it was at 3.7% in September.According to the CME FedWatch tool, after the inflation report was released, the market predicted a 100% chance that the US Federal Reserve will maintain interest rates in December, compared to 86% before the inflation report.Therefore, if the price successfully establishes an upward momentum, gold could accelerate its rate of increase towards the initial resistance level of $1,975-$1,980. Breaking through this ceiling has the potential to create an opportunity for prices to rise to $2,000.

With the likelihood of the Fed reversing its monetary policy in 2024, the pressure on the USD is increasing. Gold prices are rising due to the tendency of oil prices to increase.In addition, there has been an increase in demand for precious metals recently, and it is forecasted to continue to rise during the upcoming peak consumption season for gold in Asia.However, for now, the USD is still supported by the possibility of the Fed raising interest rates once again. The greenback is also rising due to the weakness of many economies around the world, including China and Japan.In the near future, the chart is inclined towards an upward trend, although momentum has somewhat faded. Immediate support is at $1,956. A decrease below $1,947 will shift the trend towards neutral/downward. On the other hand, as long as XAU/USD remains above $1,957, it could increase to test recent highs. Breaking above $1,975 will lead to an acceleration towards $1,980 and beyond.Support levels: $1,956, $1,943, $1,933Resistance levels: $1,971, $1,982, $1,993

Hello everyone, today Alselv will write an article about the idea of price increase!We cannot deny that Bitcoin is rapidly increasing in price, but the possibility of a price decrease is still present. By observing the chart in the 4-hour time frame, we can see that the price has somewhat experienced a significant drop, as indicated by a candlestick formation that suggests a breakout from the $36,378 level is imminent. The current support level is $35,569, and if the price finds potential to increase, it is likely to bounce back. If Bitcoin surpasses this support level, the next anticipated milestone will be around $34,000.what do you think?

Dear friends, Gold prices are currently experiencing a slight recovery since reaching $1937, an increase of $10 from yesterday's price. It is currently trading at $1947, breaking free from $1946 and reducing the selling pressure seen earlier in the day.If gold can maintain this price increase throughout the day, there is a possibility it could reach $1974. On the other hand, gold may still see a further decline to $1910 before the upward trend begins.

Dear friends, the price of gold at the beginning of the week is playing the role of a downward trend. Currently, it is trading at $1935, down $3 from the start of the trading session this morning. The Chairman of the Fed continues to support the strength of the USD and high bond yields. These are significant obstacles for gold. Due to the tightening bias of the Fed, there is not much incentive to buy gold at this time.For these reasons, gold sellers will continue to sell aggressively, so there is a high possibility that gold will reach the limit of its price channel and then exhibit a slight price rebound with a breakthrough decrease at around $1915. The downward trend will be dominant this week. What are your thoughts on this issue? Do you agree with me?Support level: 1,945.20 1,933.20 1,923.10Resistance: 1,965.30 1,978.30 1,989.00

Dear friends,as predicted earlier, gold continued to decline in the past week's session and is currently trading at $1938. The weaker consumer sentiment than expected indicates lower consumer spending growth. As a result, the precious metal has experienced its worst week in 6 weeks as Powell maintains his tightening trend.Overall, gold is expected to continue its sharp decline in the coming week, as Powell's comments continue to support the strength of the US dollar and higher bond yields, both significant obstacles for gold.Looking at the XAU/USD chart on the 1-hour timeframe, gold is showing a slight upward trend, with a possibility of a price recovery reaching the resistance level at $1945, which was previously broken. However, sellers are expected to push gold prices down to $1915. The downward momentum will intensify further if the Federal Reserve can reduce its hawkish rhetoric.

Today, Gold continues to experience a slight decline and is currently trading around the range of 1954 USD - 1956 USD after reaching its lowest level in three weeks.From the 1-hour chart, we can see that Gold has shifted towards a downward trend. The strong US Dollar index and rising interest rates in the US Treasury bonds are negative factors for Gold.The stable situation in the Middle East has not had a significant impact on the Gold market. Meanwhile, in China, the country's economy is facing consumer inflation and a decline in production, leading to a continued decrease in Gold prices.Due to these reasons, gold sellers will continue to sell with an expected decrease to 1945 USD after a short-term price correction. This will persist until there are positive developments that drive this currency pair to rise again.

Dear friends, as predicted earlier, the BTC continues to surge in price. Currently, the price of Bitcoin is trading at $36,740, a 2% increase in the past 24 hours. At one point, Bitcoin even reached $38,000, its highest level in over a year. This further strengthens the confidence of traders that Bitcoin will soon reach record levels.Regarding market news:"Over the past year, the cryptocurrency market has been eagerly awaiting a suitable catalyst. News about Bitcoin ETF is something that many people are still waiting for and expecting. If Bitcoin ETF is approved, we can expect another price surge."Regarding technical analysis:The upward trend is very strong as it consolidates at a high level with stable trading activity on the 2-hour timeframe. Therefore, the market is now waiting for the Securities and Exchange Commission (SEC) to approve the Bitcoin exchange-traded fund (ETF). This is considered an important decision and is expected to drive the entire cryptocurrency market in the future. It is anticipated that this price surge will reach $39,599. What are your thoughts on this matter?