Yesterday US unemployment claim data came negative than forecast. As a result, USD became weaker against the USD. I don't think unemployment claim is not a big trend changed news for now. there is much other reason playing in the market. Covin and the central bank's decision will play a major role for now. Just Technically, I found there makes a support channel...
BTC is stuck in a nice triangle. Since May 21 BTC/USD is stuck in a triangle. Fundamentally, BTC still in a sell mode because China has banned BTC and Tesla also backfire on cryptos. Personally, I don't think BTC has any strict value like any commodities like gold, silver and oil etc. Cryptography technology is a bit tricky, maybe it is one kind of HYIP or maybe...
as long as Gold is below the 1905.00 price zone. Gold still may test the 1850.00 price zone soon. Breaking below 1880 we may see a big drop in gold. Last Friday NFP reports came negative than expected but unemployment and average earnings report printed better than forecast. So, USD will take its benefit very soon I think.
Gold may go for short term sell after breaking below the 1890 price zone. In the h4 chart showing, gold is testing ascending upward channel. if h4 candle can stable below the channel gold may go for some downward correction. 1st target to the downside 1875 and Final target 1850.00 with stop loss above 1925.00 price zone.
We may see a big drop from the 28 to 30 price zone. from the present price zone, 28 to 30 is strong resistance and 2021's high rate. Unless the corona pandemic turns into a massive disaster again, it may not break above the 30 price zone. Technically, Silver is rising and still stable above the rising trend line, after breaking below the rising trend line we may...
I am still hoping BTC may Drop again nearly 30000 Price Zone. China is going to ban all types of cryptos. Tesla is not accepting bitcoin as payment. So, Fundamentally we will some selling pressure on Bitcoin. Technically, in the daily chart bitcoin, is holding under 100 and 200 moving average. 42250 is playing as strong resistance from the present price zone....
To the upside Gold, our 1st target is 1900.00 as long as the market above the Key zone. After above 1900 our 2nd target 1920/1925 price zone. After breaking above 1925.00, our final target to the upside 1955/1965 price zone. N:B : Breaking Below Key Zone Gold may suffer and test to 1680.00 price zone.
There are two Fundamental Reasons for collapsing Bitcoin the giant cryptocurrency. Selling from 40000 may be a good choice till 30000 again.. rest of all depending on others fundamental issues.. keep in touch
In the short run, I am suggesting for sell 1st target to nearly 60/61. Breaking Below 57.00 Final target Will Be 52/50 Price From the 52/50 price, the market may go up again till the 65/75 price zone.
In the daily chart 200 SMA staying at the 1850.00 price zone. After breaking above the 1850.00 price zone next target 1875.0 and finally upside target 1920.00 price zone. 1920-1925 price zone may act like the hardest pullback zone because of the descending channel. Before you sell from the 1920-1925 price zone, we must wait for the bearish confirmation...