Golden-Fund-Forex

- Bitcoin is approaching a critical resistance zone between 68k and 70k. At this level, the market is waiting for a clear sign of price rejection. If sellers fail to actively engage and the market sustains its bullish momentum, we could witness a continued rally, with the next significant target being the 75k region.- However, if sellers step in with sufficient force, triggering strong selling pressure, Bitcoin may reverse course, and the next major support level is likely to be found around 59k. This support zone could act as a potential stabilizing point in case of a market pullback. Traders should keep an eye on price action at these key levels to assess future market direction.

- Gold is currently at the resistance zone of 2685. The price is attempting to break out, and if successful, it will form a new high, moving up towards 2716 - 28xx.- On the other hand, if the price fails to break out, the next support zone is at 2633, which would be a potential buying opportunity.

- XAUUSD touched the resistance level at 2661 and reacted there, with strong selling pressure pushing the price down to 2646.- If the price continues to decline and respects the price channel, the next target will be the lower boundary at 2603.- In case the price breaks out of 2661, it will likely surge to 2684.

- After Bitcoin reached the resistance zone at 63,564, it faced rejection, indicated by several strong bearish candles. The price is likely to continue declining if it fails to break out and move above the 64k level.- The support zones where the price may drop to are 60k and 57.8k. If there are signs of weakening selling pressure at these levels, a buying opportunity may arise.

- Gold is currently trending within a descending channel and has reached the lower boundary of the wedge at 2606, where a positive buying reaction has emerged. This suggests the potential for a short-term recovery.- If buying pressure remains strong, the price could rise towards the upper boundary of the channel at 2639. However, if the buying momentum weakens and the price breaks out of the descending channel, a sharp decline could follow.- Traders should closely monitor price action at the channel boundaries to identify a clear direction.

- Gold is currently trending within a descending channel and has reached the lower boundary of the wedge at 2606, where a positive buying reaction has emerged. This suggests the potential for a short-term recovery.- If buying pressure remains strong, the price could rise towards the upper boundary of the channel at 2639. However, if the buying momentum weakens and the price breaks out of the descending channel, a sharp decline could follow.- Traders should closely monitor price action at the channel boundaries to identify a clear direction.

- Gold is currently trading within a narrow range of 2622 to 2672, indicating short-term consolidation. The key support level at 2622 will play a crucial role in determining the next move. If selling pressure intensifies and breaks this support, the price is likely to decline further toward 2589.- On the other hand, if the price holds above 2622, a potential recovery could drive the price upward toward the 2672 resistance level.- Traders should closely monitor price action at these support and resistance levels to make informed trading decisions.

- Gold is currently trading within a range of 2625 - 2685, showing a period of consolidation. After reaching the resistance level at 2675, selling pressure emerged, with sellers taking control and driving the price down to 2653. Should the downward momentum continue, the price may likely revisit the horizontal support zone around 2625.- On the upside, if the price resumes its upward movement, the 2684 level is a critical resistance to watch.

- Macro OverviewGold prices surged early yesterday but retreated following strong U.S. economic data, only to recover later in the day. Lower gold import duties in India could drive physical demand during the upcoming wedding season in December and January.Meanwhile, the Federal Reserve continues to signal potential rate cuts, though it has yet to commit to a clear future path.- Technical AnalysisXAUUSD continues its strong upward trend, reaching new all-time highs. The formation of higher highs, along with bullish EMAs, reinforces this momentum.Should XAUUSD continue to rise, the price could challenge the potential resistance level at $2,700 before targeting $2,750. However, if XAUUSD corrects downward before resuming its rise, the price might retest the $2,630 level.

- Macro OverviewInvestors have reduced their positions as the illiquid supply of Bitcoin increased. Net outflows from exchanges reached -1,377 BTC, with larger investors making the most withdrawals. ETF investors have taken profits, withdrawing $78.5 million, led by ARKB and FBTC funds. As September ends, optimism is rising with the approach of the historically strong fourth quarter (Q4), while caution is limiting price volatility.- Technical AnalysisBTCUSD is facing resistance around the key 65,000 level. The price is trading near the EMA21, indicating sideways movement until a clear breakout occurs. If BTCUSD extends gains beyond 65,000, it could test the next resistance zone at 66,750. On the other hand, BTCUSD may pull back to the 60,600-61,100 area if it breaks below 62,600.