SalemSignals

Bitcoin is approaching a critical confluence zone near $100,000, where two major supports intersect: – A horizontal support around $100,000 (previous top-turned-support) – A rising trendline drawn from the 2023 rally, currently aligning near $98,000 – $99,000 This zone is technically significant. A bounce from here could send BTC back toward the $129,000 resistance level However, a daily candle close below this confluence (especially under $98,000) may trigger a deeper correction toward $90,000 or even $81,000 Watch price action closely—this region is not just support; it's a trend-defining battleground

Fundamental Analysis: Gold maintains bullish momentum supported by expectations of a Fed rate pause and increased demand for safe-haven assets amid geopolitical tensions and potential economic slowdown. A weaker dollar and strong central bank purchases continue to support prices. Technical Analysis (1H Chart): Current Trend: Corrective upward Current Price: 3204 Nearest Resistance: 3235 — A strong candle close above this level may lead to a move toward 3276 Nearest Support: 3195 — A break below this level could trigger a pullback toward 3160 Key Level to Watch: Holding above 3205 supports short-term bullish continuation Outlook: Mild bullish bias unless reversal candles appear or key support breaks

After the strong decline, gold begins to correct to the 2390 range, after which it continues its decline according to the chart to the 2320-2325 area. After the strong decline, gold begins to correct to the 2390 range, after which it continues its decline according to the chart to the 2320-2325 area.Stoploss as the chart is 2399

We are still in an upward trend on the larger chart, and the reversal occurred due to overbought over the past period and not for reasons of fundamental analysis, as hopes are still pinned on the US Federal Reserve’s interest rate reduction. Technically, according to the chart in front of you, the price’s return to these areas is very excellent for gold to return to the rise with appropriate liquidity. The point we are focusing on here is 2395, which is a strong support area that the price was able to reach accurately, as we expected before, but the return will be somewhat slow to the 2432 areas, and then the trend will become clear. According to liquidity and economic news for the coming week

We will not touch on the fundamental analysis as its impact was strong on the dollar this week as inflation was higher than expected, so the rest of the news did not have much impact on gold. As a technical analysis, the 1985 support area, which is located on the falling side of it, rebounded strongly following the Michigan news, and we expect it to continue rising on Monday to the 2025 area, as we are still in the process of falling, and the fear of raising interest will increase this decline to the $1977 areas.

After the strong movement that occurred in gold, of high rises and strong falls, gold returns to calm after the announcement of the federal interest rate and the approaching New Year. Here the market returns to calm, and technically, its price for gold will range between 2040 and 2003, and this range will be a strong trading area. We return to a strong support point according to the $2003 chart

During the fluctuations experienced by the US dollar and the volatility America is suffering from in the economy and the fight against inflation, gold began to fluctuate a lot to a larger range starting from $1800 to $1950, and this range was a big game for gold traders. Technically, as we said, it is in the aforementioned range, but on the weekly chart it appears that gold, no matter how high it rises, must return to the point of $1675 or $1614, both of which are strong points, and here is an explicit buying zone. Accordingly, we will wait for gold when the purchase is saturated, so that our deal is a sell.

It is very strange that gold fell by the equivalent of more than 100 points in less than a month, even if expectations indicate a further increase in interest rates, but the decline is exaggerated and I do not see clear reasons for this. I believe that it is far from technical analysis or the rise of the dollar. There are things that we ignore. But technically, I think that more than this decline would be disastrous, and I think it is time for a correction to the points $1850-$1860, after which we may return to the downward trend again to the border of $1775.We still need to reach 1865 to confirm bounce

First, let us remember that the announcement of the interest rate is on September 20, so caution is very necessary at this time, and since the majority expects that the interest rate will stop, it remains just expectations, even though inflation has begun to rise more violently, so we will give a possibility, even if it is simple, that the interest rate may rise by 25 points at least.

Gold is still trying to break point 1930 to move to further horizons. On the weekly chart, the trend line is located at the current point of 1918, and on the daily chart it has broken the falling trend line, which makes it reach the bottom of the weekly chart, which will lead to its rise to 1960. Of course, we should not ignore the stop loss, but it is likely. Gold will be bullish next week