Betty-Bella

Do you have any questions about today's Bitcoin trading? Let's discuss it here! Breaking out of the previous downtrend has caused Bitcoin to rally impressively. As of the time of writing, BTC is trading at $43,037. Bitcoin may retest the previous support level around $42,500, and if this scenario plays out, there is a possibility of it rising to $44,000. A clear move above the $44,000 level could potentially push the price even higher.

The price of gold today is trading with a gentle trend, although it is slightly higher than Friday's closing price of $2,019 per ounce. The demand for the US dollar remains low as government bond yields decrease following the latest monetary policy decision by the Federal Reserve. As a result, the price of gold has seen a slight increase today as traders await a series of important economic data. Specifically, in the coming days, the United Kingdom and Canada will release their latest inflation data. The United States will announce the Personal Consumption Expenditures (PCE) index - a key measure of inflation for the Federal Reserve. During this time, the global price of gold could experience significant fluctuations. Betty's viewpoint is that the price of gold will continue to decrease after adjusting to the designated level

Dear friends, escaping the previous price squeeze has led to an impressive increase in the product's value. Currently, the price remains stable around the $2024 mark. The fluctuations in the gold market this week are considered unpredictable as investors continue to assess the updated economic forecasts released by the Federal Reserve at their final policy meeting of 2023. Additionally, investors and traders will be monitoring some significant reports, including the personal consumption expenditure index, which will be published on Thursday. From a technical standpoint, the current support level for gold is $2,010 per ounce. If this level is broken, the metal could drop to $1,990 per ounce or even lower.

Dear friends! Gold prices have stabilized after the US Federal Reserve signaled the end of its tightening monetary policy cycle. At the time of writing, prices are trading around $2019. Last week, Fed Chairman Jerome Powell mentioned that the extended period of tightening monetary policy may come to an end as the possibility of interest rate cuts is being considered. The market continues to focus on several important economic data releases: US building permits and housing starts data, scheduled for Tuesday (December 19); consumer confidence and existing home sales data on Wednesday (December 20); Philly Fed survey on Thursday, as well as durable goods orders and new home sales on Friday (December 22). From a technical perspective, the range of $2012-$2010 may provide immediate support above the psychological level of $2000. A convincing break below this level could leave gold vulnerable and reveal a new support level with an expected decline to $1975 after retesting the previously broken zone.