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Gold prices today, March 3, on the world market increased sharply in the closing session of the week. Domestic gold prices set a new record of over VND 81 million/tael. Gold prices on the Kitco floor closed the trading week at USD 2,082/ounce, up 1.9% compared to the beginning of the session. Gold futures for April 2024 delivery on the Comex New York floor traded at USD 2,091/ounce. At the current price, the world gold price converted to VND (including tax and processing fees), the difference between the domestic SJC gold price is about VND 17.95 million/tael The market recorded the best weekly increase since November 2023. Gold prices increased sharply, surpassing the resistance level above USD 2,050/ounce after the Federal Reserve's preferred inflation measure showed a slight increase in consumer prices. Gold prices are less than $20 away from setting a new all-time high. Gold is reacting to “greater confidence in a rate cut” by the Fed in the middle of this year, said Peter Spina, president of GoldSeek. Closing prices continued to break the old mark. Demand for gold could increase prices in the short term. The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 103.89 points. The precious metal market benefited after the release of a key US inflation report, with a slightly lower figure than expected. This report supported those who wanted to see the Fed cut interest rates sooner, which is beneficial for gold prices. Mary Daly, president of the Federal Reserve Bank of San Francisco, said that Fed officials are ready to lower interest rates. Gold Price Forecast Brien Lundin, editor of Gold Newsletter, told MarketWatch that strong buying from Asia, including China, coupled with moves by central banks continue to keep gold prices steady above $2,000 an ounce. Alex Kuptsikevich, senior market analyst at FxPro, said Thursday and Friday’s gains confirm gold’s ability to break above its 50-day moving average, something the precious metal failed to do a month ago. Kuptsikevich added that the next major resistance level is $2,088 an ounce. At the same time, the market could see significant gains if the rally continues. The expert predicted that gold prices could rise to $2,255 an ounce.
CRYPTOCAP:ADA Ascending Broadening Wedge rejected at local resistance below long term resistance
All right, there is lots of rumors saying that Pi Network will fail, will go to zero, will fall like brick untill nothing. When ever the trade already online and the market took place, the price wont easily drop like a brick or easily flying like a rocket. There must have a support and resistance in the chart and graph, when it already in the online financial/crypto trade market. Things will be so cool, when Trump will host a first ever crypto summit in this coming 7 March. Attendees will include prominent founders , CEOs, and investors from the crypto industry as well as members of the President's Working Group on Digital Assets. When ever the announcement, the investors are just in second into the fast click to invest in the crypto. This will be a massive, and astonishing event in crypto ever. Looking forward the Pi Network proce goes up to $10.00 in few weeks.
the pair has indeed moved higher as expected, but more than I thought would be possible on a short-term basis. now we have reach near 18.7000 almost, and declined near 18.6000. We are trading above regression channel and this suggest caution, and since slightly overbought, think sell strategy might make sense at this moment in time. Strategy SELL @ 18.6350-18.6975 and take profit near 18.4750 for now.
Daily hammer candle on Friday indicate potential temporary bottom. Typically, a position would be open on late Friday before close to capitalize on potential second green daily candle. Personally would only hold trade 1 day and close it on high of the day of next Monday since there's no sign of reversal on the weekly and monthly. Or hold it till it reaches a level or MA or a closed reversal candle.
Hi, I am seeing Nifty in bear mood, In Monthly as well as Weekly , let see what next , already support has been shown in the analysis, in Weekly chart.
The pair is still overbought, and we have topping patterns present, a high overbought RSI, stochastic etc. Strategy SELL @ 2.0250-2.0285 and take profit near 2.0087 for now.
Xauusd "Gold" is bullish in long term but in short tem it will be more downward and short positions are strong we have to trade accordingly. As it has break the trend line and make some candles in downward so we have to take proper entry for short time. Wait for a confirmed breakout/breakdown before committing to larger positions. Scalping is viable if price oscillates within the $2,800–$2,900 range.
MartyBoots here , I have been trading for 17 years and sharing my thoughts on BINANCE:ADAUSDT here. . BINANCE:ADAUSDT is looking beautiful , very interesting chart for more upside and is now added to the USA Strategic Reserve Do not miss out on BINANCE:ADAUSDT as this is a great opportunity ADA Strategic Reserve https://www.tradingview.com/x/XT9lQwn4/ Watch video for more details