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Reason for XAUUSD/Gold Sell A downturn in the global economy, however, could weigh on demand and limit the precious metal's gains. A lack of progress in the Fed's efforts to lower inflation, on the other hand, could cause XAU/USD to turn south.

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Reason for Bearish 1. Breaked Major Support 2720 yesterday and now retesting tthe breaked Zone 2. Rsi 14 below 50 and tends to be selling confirmation 3. Stochastic Overbiught in abobe 80 and 1h Bearish Movement Over all Projection XAUUSD SELL 2720-23 SL 2730 TP 1 2715 TP 2 2710 TP 3 2701

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Reason for Bullish 1. Market strongly in uptrend with Higher high 2. Market formed Acending Triangle Patter with obeying channel 3. More confirmation by Upward Sloping Moving average XAUUSD BUY @ 2730-2740 SL 2715 TP 1 2745 TP 2 2770

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Reason for Bullish Gold can be a safe-haven asset. Investors often buy gold to protect their savings in the event of a market crash. For example, the price of gold went up by more than 100% between 2008 and 2012, the height of the financial crisis

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Reason for Bullish Gold hit a record high last month. Goldman Sachs analysts think it's not done rising. 1 The firm in a Monday note said it has a price target of $2,700 per ounce on the precious metal. That's actually a bit less bullish than before, since the bank is now targeting early next year instead of later in 2024 — but that's still an 8% premium over...

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Reason for Bitcoin Bullish As a result, BTCUSD is the most popular crypto-to-fiat pair, and it serves as the de facto gold standard for the cryptocurrency market; providing the price direction cue for virtually the entire crypto market. In the BTCUSD pair, Bitcoin is the base currency, while the US dollar is the quote currency.

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Reason for Bullish Gold Is Money One of the crucial promises of money is that it serves as a long-term store of value. Gold fulfills this promise better than any currency. Look how much purchasing power all major government currencies have lost compared to gold.

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Reason for Bullish Several media outlets reported that Israel delivered a harsh response to the recent Iranian attack by bombing central Beirut in the early hours of Thursday. Lebanese security officials said that three missiles also struck the southern suburb of Dahiyeh, the place of Hezbollah leader Hassan Nasrallah's killing. Lebanese health officials also...

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Reason for Gold Bullish Gold is seen as a strong hedge against economic uncertainty, and Goldman believes its price is likely to increase soon. One key factor behind this prediction is the expectation of upcoming interest rate cuts by the US Federal Reserve

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Reason for gold bullish However, geopolitical tensions, inflation concerns, and market uncertainty are among the major triggers that have helped yellow metal maintain an uptrend in 2024. They said that gold prices are expected to remain bullish and touch $2,640 and $2,660 per troy ounce soon.

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Reason for sell Central banks hold paper currencies and gold in reserve. As central banks diversify their monetary reserves (away from the paper currencies they accumulate and into gold) the price of gold typically rises. Many of the world’s nations have reserves that are composed primarily of gold. Bloomberg reported that global central banks have been buying...

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Reason for Bullish USDJPY Correlation In fact, what drives the USD/JPY pair the most is monetary policy divergence between the Fed and the BoJ and risk sentiment. In normal times, when there's risk on sentiment you can see the USD/JPY appreciating all else being equal, while during risk off flows you can see the JPY gaining strength.

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Reason for Sell With the price reaching extreme levels, there may be a significant opportunity for sellers to capitalize on profit-taking and increased selling pressure. Traders may anticipate a decline as market sentiment shifts from bullish to bearish, especially if key resistance levels hold.

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old buyers regain control, as the 14-day Relative Strength Index (RSI) remains comfortably above the 50 level, having eased off from near the overbought territory. The optimism prevails so long as they defend the one-and-a-half-month-old symmetrical triangle target now support at $2,560. That said, the immediate resistance is seen at the record high of $2,590,...

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XAUUSD can be influenced by global news and economic data releases, but its price does not fluctuate as rapidly as that of stocks, cryptocurrencies and other risky assets. In times of economic uncertainty, investors use gold to save their funds. Knowing their funds are safe.

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Technical Reason for Gold Sell You're looking for technical reasons to sell gold. Here are a few: 1. Overbought conditions: If gold's Relative Strength Index (RSI) exceeds 70, it may be due for a correction. 2. Trend line break: A break below a key trend line, like the 50-day moving average, could signal a sell. 3. Chart patterns: A head and shoulders pattern or...

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Reason for Bullish Interest Rate Cuts and Economic Indicators Two Federal Reserve policymakers voiced their opinion on Tuesday, stating it would be “reasonable” to expect three interest rate cuts in the U.S. within the year. This perspective comes despite a backdrop of robust economic indicators, which have led some investors to question the feasibility of such...

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Reason for Bearish Gold prices have continued to hit fresh highs in 2024 due to a wide range of factors — from escalating geopolitical risks and the interest rate outlook to budget deficit concerns, inflation hedging and central bank buying. Gold’s blistering rally this year was partly fueled by expectations the Federal Reserve (Fed) would cut interest rates as...