Camellia-TF

Hello everyone! Are you curious about how the gold market will unfold next week? Let's dive into it! Gold prices have experienced a shocking drop of 11.9 USD compared to yesterday morning and are currently trading around 2019 USD at the time of writing. Despite the decline in the last trading session of the week, gold still maintains a weekly increase as the Federal Reserve (Fed) has adopted a more dovish stance, fueling speculation that interest rate cuts may begin soon. The correlation in the gold market will continue to be influenced by expectations from the Fed. "If the US economy does not improve by early 2024, it is a strong indication that gold will continue to be driven towards its all-time high." According to the CME FedWatch tool, the market is predicting a 70% chance of an interest rate cut. Therefore, it will be beneficial for gold prices as it reduces the opportunity cost of holding this non-yielding precious metal. The upward trend is expected to continue with a projected increase to 2060 USD, as long as the immediate resistance level at 2037 USD is not broken by buyers. On the other hand, if the support level at 2015 USD is breached by sellers, the price of gold could undergo a deeper correction.Trade active

BTCUSDT prepares for a pullback above $48,000 Dear friends, let's explore Bitcoin together today. Bitcoin has decreased by 0.8% and is currently trading at $42,844 at the time of writing. Despite a recovery, it has failed to reach $44,000 again. Currently, the cryptocurrency market is in one of its longest periods of positive market sentiment. By analyzing the daily timeframe, we can see that the price has broken out of the previous stable resistance level at $44,715. Bitcoin may potentially retrace to the 0.618 Fibonacci level ($39,863), which will determine its future trend. The upward trend is expected to continue, with Bitcoin's next target being to surpass $48,000.Comment: The current bullish sentiment towards Bitcoin comes from a wave of optimism surrounding the possibility that the Fed may have ended its interest rate tightening cycle.Trade activeComment: Recently, it was revealed that the SEC has been involved in active negotiations with rival BTC spot ETFs

It's great to chat with you today! Let's take a look at the market: the signals from the US Federal Reserve suggest that interest rates will decrease in the near future, benefiting the price of gold and creating strong momentum for it. This indicates that prices will reach record highs in the new year. As a result, weak economic growth and financial market instability may cause many consumers to leave the market in a high-price environment. Therefore, those who hold gold may increase their purchasing power and make gold even hotter than ever. For these reasons, along with the reinforcement of stability trends over a one-day time frame, it can be argued that prices may continue to rise. However, it is necessary to consider upcoming news events to determine the best course of action for day traders. Some upcoming fluctuations may lead investors to take profits earlier. It is expected that this price increase could reach $2,217 unless any significant breakthrough occurs. Thank you for reading my article!Trade activeComment: Gold tested as expected. What happens next now?Comment: profit 240 pip from the selling areaComment: