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XAUUSD GOLD TECHNICAL ANALYSIS FOR UPCOMING MARKET EVENTS XAUUSD Technical Analysis Strong support: 1939 / 1914. Strong resistance: 1954 / 1965 Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one. It is forming a triangle pattern. A decline in the dollar will strengthen our gold. The moving averages indicate that consolidation is forming. If there is not a strong pullback upwards, in the medium term we should expect a fall in price along the trend If the dollar goes down and forms a correction, gold will strengthen to 1965 and possibly to 1984, but if the dollar continues to rise after exiting the triangle, gold will start another decline to 1914.
OANDA:XAUUSDLong
by tradewith_ritik
Bitcoin Price Prediction, will BTC’s price hit $42000 ?BTC could hit $45022.18 in 2023 Bitcoin’s price prediction for the most bearish scenario will value BTC at $21516.80 in 2023 Bitcoin’s previous All Time High was on 10th November 2021 where BTC was priced at $69,045 Bitcoin’s price at the same time last week was $26911.81. It has moved by -1.78% in the past week and is currently at $26,896. Infact, in the past 24 hours, BTC has pumped by 0.41%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BTC could hit $34590.00 in 2024. Total circulating supply of Bitcoin as of writing this article was $19,380,912 and the Market Cap of BTC remains at $521,194,157,450.
by tradewith_ritik
XRP Pullback in playHey guys, it's been a long over due update on the markets. Although, not much has changed on the crypto forefront. With most coins ranging(accumulation). However we did spot something interesting on #XRP. The price has formed a higher high structure after holding support of 0.2-0.3 very well and a strong monthly bullish engulfing candle closure. This means if we retrace back towards the daily sub demand level to grab liquidity and hold, we could see #xrp absolutely blast through towards the weekly supply zone of 0.67 - 0.85 zone. Also the RSI on the weekly is forming bullish patterns (swipe) which is yet another confluence towards a long overdue upside momentum. This could be a key area to take some profits if you have been accumulating at current levels. As we all tend to forget we are in a bear market and the price retraces towards the upside only to go lower following bear market structure.
by CryptoBlanco
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