MarkSteve_7

Gold trade with heavy losses, approaching the key $4,000 mark per troy ounce on the back of the marked bounce in the US Dollar, higher US Treasury yields across the curve and fading expectations for a Fed rate cut in December.

Bitcoin extends losses on Friday, falling below $97,000 and shedding more than 7% so far this week. US-listed spot Bitcoin ETFs record a weekly outflow of $622.70 until Thursday, marking a third consecutive week of investor pullback. On-chain data indicates that BTC remains in an extremely bearish phase as the price retreats further from the $100,000 zone.

Gold remains under marked downside pressure on Friday, breaching below the $4,100 mark per troy ounce, or new multi-day lows. Fading expectations for a Fed rate cut in December are dragging on the precious metal, with traders waiting for the backlog of US data to provide some clarity.

Gold is now coming under some renewed downside pressure, returning to the $4,200 region per troy ounce following earlier three-week highs near $4,250. The renewed pressure on the US Dollar after the government reopened is giving the precious metal room to keep its bullish momentum going.

Gold resumes its uptrend following Tuesday’s hiccup, revisiting the $3,650 zone per troy ounce following the release of US Producer Prices. In the meantime, the US Dollar trades in an irresolute fashion and US yields retreat across different time frames.I told you the gold market would go down. Is the first TP being hit or will the market continue to go down further?The market will go down further. If you want to make a good profit, stay connected with me and you will make a good profit.

The firm performance of the Greenback now weighs on Gold, prompting the yellow metal to surrender part of its initial advance to record highs north of the $3,670 mark per troy ounce. However, fresh geopolitical concerns as well as prospects of Fed interest rate cuts should keep the precious metal propped up for the time being.

Gold continues to rise beyond the $3,600 mark per troy ounce, reaching a new record high on Monday. US Treasury bond rates and the USD continue under pressure after the poor August employment data, underpinning the move higher in the precious metal.I make this for you, I analyze it as if it would benefit you people, but you people ignore it. Look, the market will go down. It would be good if you can take profit, then take it.

Gold continues to rise beyond the $3,600 mark per troy ounce, reaching a new record high on Monday. US Treasury bond rates and the USD continue under pressure after the poor August employment data, underpinning the move higher in the precious metal.Shortly bearish continue Taken profit

Gold’s march north remains unabated on Friday, wih the precious metal trading at shouting distance of the key $3,600 mark per troy ounce on the back of the intense downside pressure on the Greenback and steady expectations of a rate cut by the Federal Reserve as soon as this month.Some time ago, I said that the market will go down in the short term. The market is starting to go down. Follow me.🚀

Gold’s march north remains unabated on Friday, wih the precious metal trading at shouting distance of the key $3,650 mark per troy ounce on the back of the intense downside pressure on the Greenback and steady expectations of a rate cut by the Federal Reserve as soon as this month.