Fundamental
Gold make a big drop on Monday, due to the cool down of political tension in Gaza and Ukraine.
Technical
Gold is approaching the 2300 level. This is psychological round number level. Buyer will enter at this level .
Below is SMA 200 , lie at the 2250 level. If support level 2300 broken, this level will be test.
The DAX dropped following the news that Israel retaliated for Iran's attack over the weekend. However, the bears seem to have lost control, with the hourly charge at a crossroads.
The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend.
The DAX hourly chart...
What are our thoughts on Bitcoin and the overall market/market sentiment? I have too many words right now for the markets. So many things converging as far as the dollar, rates, equities, and crypto.
This chart is gorgeous and I love seeing the false breakdown over the Iran/Israel headlines. The bullish divergence on the RSI is also lovely.
The SPY has finally...
Gold hovers around the $2,370, with trading range relatively narrow as investors closely monitor updates on the Iran-Israel conflict.
Israel's stance on retaliating against Iran revolves not around whether but when and how to strike back. Bezalel Smotrich, Israel's Finance Minister, advocates for a response that would impose a "disproportionate toll" on Iran,...
As we navigate through an increasingly volatile economic landscape, similarities between the current market behavior and the period preceding the COVID-19 market crash have begun to surface, particularly concerning Bitcoin ( INDEX:BTCUSD ). This analysis delves into these parallels and discusses why the upcoming Bitcoin halving might not be the safety net...
Weekly Gold Market Analysis
Upon examining the gold chart on a weekly basis, it was observed that last Friday marked a significant surge in gold prices. This increase was triggered by the announcement of a potential Iranian attack on Israel, propelling the price to $2431.
Price Fluctuations and Corrections
However, the ascent was short-lived, and the price...
Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and...
Financial markets are bracing for the uncertainty surrounding Iran's recent strike on Israel and the potential for retaliatory measures.
Mohamed A. El-Erian, Chief Economic Adviser at Allianz, remarked that the current situation may lead to elevated gold and oil prices, alongside lower US Treasury yields and stocks compared to what would have been expected...
🔍Today, we're focusing on Bitcoin, which has formed a range box in the 4-hour timeframe between 63054 and 73305. Following the uptrend from 40k, this consolidation phase is a logical pause, potentially leading to a correction in the weekly timeframe, especially considering the imminent Halving event, which may precede a bullish rally.
⚡️In range-bound markets,...
💹 Let's analyze and review the coin COMP in higher timeframes amidst the current sensitive conditions.
⛔️ Yesterday, a conflict between Iran and Israel arose due to retaliation for the incident at the Iranian consulate in Damascus. Iran's missile and drone strikes accompanied this conflict, resulting in a market downturn and red candles.
🔗 Hopefully, peace...
The recent dip in the crypto market, triggered by escalating tensions between Iran and Israel, serves as a stark reminder of the market's volatility. Bitcoin prices plummeted to GETTEX:59K before a swift recovery, leaving many investors wondering: was this a blip on the radar or a harbinger of things to come?
**The Iran-Israel Factor:**
Geopolitical tensions...
Oil’s Tug-of-War: Iran Tensions vs. Evergrande
On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East.
Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the...
A look at the rial-dollar currency pair, which has started to fall sharply, and with these events, the probability of a new ceiling is very high.
It is not a buy or sell offer
Here is what you need to know on Monday, January 15:
• Gold price gains ground on risk-averse sentiment due to the Red Sea situation.
Israel-Gaza conflict intensified after Houthi attacked a US Navy vessel.
• US Treasury yields contribute to downward pressure on the US Dollar.
Barclays revision of the Fed rate cut has changed market sentiment.
Gold prices...
