#gold price forecast for next week

[hmatrading]

As we step into October 2024, the gold market remains a focal point for investors and traders. With the current gold rate at 78,060, anticipation around price movements is at an all-time high. Whether you’re trading gold or simply monitoring its performance for investment purposes, knowing the gold rate prediction and understanding the key factors behind these trends is crucial. This article explores the latest forecasts and predictions, all backed by expert analysis from HMA Trading.

[goldrateforecast-blog]

Gold price forecast for next week

Gold has always been a favorite investment option for people looking for a safe haven during times of economic uncertainty. In recent times, the price of gold has been on a rollercoaster ride, reaching record highs and then plunging down due to various factors such as the COVID-19 pandemic and global economic instability. As we enter the final week of July, many investors are wondering what the future holds for gold prices. In this blog post, we will take a closer look at the factors that may affect Gold price forecast for next week and make a forecast for its performance.

Source - https://www.linkedin.com/pulse/gold-price-forecast-next-week-gold-rate-forecast-ykjnc/

[hmatrading0]

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[stockbroker1]

Crude oil price forecast

Crude oil, sometimes known as black gold, is a vital resource that powers the world economy Its price swings have far reaching effects, affecting.

Please visit our blog - https://hmatrading.in/crude-oil-price-forecast/ Address: Ground floor, D - 113, D Block, Sector 63, Noida, Uttar Pradesh 201301 Phone: 9625066561

[starseedfxofficial]

Unlocking the Square of 9’s Expansion Phase: The Underground Strategy No One Talks About The Mysterious Square of 9: Why Most Traders Get It Wrong If you’ve ever felt like the Forex market moves in a way that makes no logical sense—like a game of musical chairs where someone always steals your seat at the worst moment—you’re not alone. But what if I told you there’s a hidden pattern, a secret roadmap that elite traders have been using for decades? Enter the Square of 9, a geometric price-time forecasting tool originally popularized by legendary trader W.D. Gann. When combined with the Expansion Phase, this tool doesn’t just predict market movements—it practically whispers market secrets in your ear. Most traders ignore it, and that’s exactly why it works so well. Let’s dive deep into the advanced mechanics of the Square of 9’s Expansion Phase, uncover its secrets, and reveal game-changing strategies that could shift your trading mindset forever. The Hidden Formula That Drives Market Expansion The Square of 9 isn’t some esoteric number system reserved for hedge fund overlords. It’s a practical tool that uses geometric angles to forecast price levels and time cycles. Here’s how it works in simple terms: - The Square of 9 is built on a numerical spiral, where numbers radiate outward from the center, much like price movements in the market. - Specific degrees (such as 45°, 90°, 180°, and 360°) align with critical price levels and trend reversals. - When paired with expansion phases—the periods when markets shift from consolidation to strong trends—this tool identifies explosive opportunities before they happen. Key takeaway: Instead of chasing breakouts like a cat chasing a laser pointer, the Square of 9 allows you to predict where the laser will appear next. How to Apply the Square of 9 During Expansion Phases Now, let’s talk strategy. Most traders fail because they enter expansion phases too late. But by using the Square of 9, you can pinpoint the exact moment to enter and exit. Step 1: Identify the Expansion Phase - Look for prolonged periods of low volatility. These are consolidation zones where market makers accumulate positions. - A sudden increase in range and volume signals that an expansion phase is about to begin. - Confirm this move with price breaking key Gann angles from the Square of 9. Step 2: Calculate the Next Target Price - Take the current significant low or high and locate it on the Square of 9. - Rotate by 45°, 90°, or 180° to project the next probable price movement. - Compare the projected levels with key Fibonacci zones for added confirmation. Step 3: Optimize Your Entry - Use Gann angles (1x1, 1x2, or 2x1) to determine where the price will retrace before continuing its expansion. - Set limit orders instead of chasing breakouts. Let the market come to you. - Place stop-loss levels just below a major support angle. Why This Strategy Outsmarts the Masses Unlike conventional strategies that rely solely on lagging indicators (like moving averages), the Square of 9 allows traders to anticipate market movement based on natural cycles and geometric relationships. Still skeptical? Consider these two real-world examples: - Example 1: EUR/USD Bull Run (2023) - After weeks of consolidation, EUR/USD broke a key Gann 45° level. - Applying the Square of 9, we projected the next resistance at 1.1034. - Result? Price hit that level to the pip before reversing. - Example 2: Gold’s Parabolic Move (2020) - XAU/USD was moving sideways at $1,570. - The Square of 9 identified $1,786 as the next expansion target. - Gold exploded higher exactly as predicted. By applying these techniques, traders can position themselves ahead of the crowd, eliminating the guesswork. Elite Tactics to Supercharge Your Trading Beyond the core method, let’s discuss some next-level hacks that separate winning traders from the rest: 1. Combine Square of 9 with Order Flow Analysis - Expansion phases are often fueled by institutional money. - Watch liquidity pools and stop hunts to confirm major moves. 2. Use the Square of 9 on Multiple Timeframes - Apply it to daily charts for swing trades and hourly charts for intraday scalps. - Align multiple timeframes to ensure confluence before entering a position. 3. Monitor Economic Events - The Square of 9 works best when paired with high-impact news events. - Expansion phases often begin after interest rate decisions, NFP reports, or geopolitical developments. Final Thoughts: Your Secret Weapon for Predicting Explosive Moves Most traders are stuck reacting to the market. By mastering the Square of 9’s Expansion Phase, you’ll move from being reactive to proactive, trading with precision rather than emotion. Want to dive deeper? Check out these exclusive resources: 📈 Stay ahead with real-time market updates: Forex News Today 📚 Master the art of trading with free courses: Forex Education 👥 Join an elite trading community: StarseedFX Community 📝 Build a rock-solid strategy with a free trading plan: Get it here —————– Image Credits: Cover image at the top is AI-generated Read the full article

[accapitalmarket]

US NFP on radar, Gold set to break pattern

Fed officials Daly and Kugler struck a hawkish tone on US inflation over the weekend, which may weigh on the gains Wall Street booked from Friday’s session. The first real day of the new budget year for financial markets professionals begins today, with plenty to digest on the political front, with January 20 looming. But the “buy anything American” rally might struggle as the week starts, with Fed officials seemingly united of the view that the battle against inflation is far from done.

On Friday, the re-election of Mike Johnson as Speaker of the House of Representatives spurred a rally on Wall Street after a few days of losses. The S&P 500 rose by 1.30%, the Nasdaq rallied by 1.70%, and the Dow Jones gained 0.80%. Oil prices rose, the US dollar edged lower, while gold was steady.

Chinese markets also had a tough finish to the week on Friday thanks to weaker than expected Caixin Manufacturing PMI data, and ongoing US-China trade concerns. Today sees Caixin Services PMI data released with markets pricing a slight improvement to 51.7. A weaker print, especially below 51.0, could dampen the mood in Chinese equities once again.

Another China headwind could be oil prices. As forecast, both Brent crude and WTI broke higher, out of their triangle formations last week, powered by consistently falling US crude inventories recently, and Ukraine shutting of the transit of natural gas from Russia to Europe.

Brent crude rose 0.90% to $76.55 a barrel on Friday. It took out triangle resistance and its 100-day moving average (DMA) midweek. Its next target should be the 200-DMA at $79.20, with support at $74.00.

WTI rallied 1.30% higher to $74.00 on Friday, having broken through triangle resistance and its 100-DMA at 70.75 earlier in the week. Its 200-DMA at $75.40 is within reach, followed by the October high at $78.40.

Gold remains the canary in the coal mine, locked into narrow range-trading within a contracting triangle formation. The small rally on Friday could not break 50-DMA resistance at $2,658.00 an ounce. A daily close above $2,700.00 is required to signal its rally has recommenced. A daily closer below $2,600.00 signals a deeper correction, with potentially negative implications for the “buy all US risk” trade in general.

Looking ahead, we have a plethora of Fed speakers this week. If the tone is similar to Daly and Kugler’s weekend inflation warnings, equities may struggle. Tuesday sees the release of US ISM Services PMI and JOLTS data, followed by the FOMC minutes and Australian trade data early Friday morning. The latter is always good for some intraday AUD/USD vol.

Capping out a busy week is US Non-Farm Payrolls on Friday, with the street forecasting a modest 150,000 jobs gained for December.

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[nocknocknock]

Tom Lee’s Bold Prediction: Bitcoin on Track to Reach $250,000 by 2025

Amid the ongoing rise in cryptocurrency popularity, Tom Lee, co-founder of the analytical firm Fundstrat, has made a bold prediction for the leading digital asset. According to him, Bitcoin could climb to an impressive $250,000 by 2025. This forecast is backed by expectations of a more crypto-friendly regulatory environment, which could encourage investors to embrace Bitcoin with greater confidence.

Factors driving Bitcoin’s growth

Regulatory Improvements.

Over the next few years, the regulatory landscape for cryptocurrencies is expected to become more accommodating, paving the way for active participation from institutional investors. Lee emphasizes the importance of this factor, citing it as a critical driver for Bitcoin’s potential price surge.

Rising Popularity and Adoption  

Bitcoin and other cryptocurrencies have seen increasing mainstream acceptance in recent years, attracting not just individual investors but also institutional players. This widespread adoption could further fuel Bitcoin’s price growth.

Limited Supply  

A key aspect behind Bitcoin’s value is its capped supply of 21 million coins, making it comparable to gold or other scarce resources. This scarcity supports its price as demand continues to grow.

Ethereum on the Rise

Tom Lee is also optimistic about Ethereum’s trajectory. He projects that Ethereum could hit $6,000 by 2025, driven by ongoing updates and expanding use cases in smart contracts and decentralized applications (DApps). With blockchain technology gaining more traction, Ethereum remains a focal point of innovation in the space.

The Current market landscape

Last week, Bitcoin’s price hit a record high of approximately $98,000 before stalling near the psychological barrier of $100,000. This volatility underscores the nature of the cryptocurrency market, which offers significant returns but also comes with notable risks.  

As of the most recent trading session, the market is displaying evident signs of turbulence. This has prompted both speculative and long-term investors to reassess their strategies amid the shifting landscape.

Conclusions and outlook

While cryptocurrency forecasts can be volatile, they remain key to guiding market participants. Tom Lee’s vision of a bright future for Bitcoin focuses not only on potential price gains but also on the broader development of infrastructure and the integration of digital assets into daily life.

With more favorable conditions and ecosystem-wide advancements on the horizon, the cryptocurrency market is poised to remain one of the most dynamic spaces, continuing to capture the attention of major players and investors alike.

[songruixue]

On Monday (Beijing time December 23), spot gold traded near 2623, gold was supported by the weakness of the US dollar and US Treasury yields, US crude oil traded near 69.55 US dollars/barrel, the market focused on demand expectations, and Trump promised to cancel all restrictions on energy production and exports over the weekend, which may temporarily limit oil price gains. Gold extended gains on Friday, supported by weaker U.S. dollar and Treasury yields after U.S. economic data showed slowing inflation, but a hawkish interest rate outlook from the Federal Reserve kept bullion on track for a weekly loss. Spot gold was up 1.2% at $2,624.15 an ounce. U.S. gold futures traded at $2,645.10, up 1.4 percent. The dollar fell 0.6% from a two-year high and Treasury yields retreated from more than six-month highs. The report showed that monthly inflation slowed in November after showing little improvement in recent months. The personal consumption expenditures (PCE) price index increased 0.1 percent last month after rising 0.2 percent in October. Not only the PCE data, but the personal income data and the personal spending data were weaker than expected, and we saw people come back into the gold market and re-establish positions. Last week, gold fell 0.9 percent as the Fed's "dot plot" showed only two quarter-point rate cuts in 2025, suggesting less easing than anticipated in September. Oil prices ended little changed on Friday as the market weighed demand against expectations of a U.S. interest rate cut after data showed U.S. inflation was cooling. Brent crude settled 0.08 per cent at $72.94 a barrel, while US crude futures rose 0.12 per cent to $69.46 a barrel. Both benchmarks fell about 2.5 percent last week. The dollar retreated from a two-year high on Friday but was on track for a third straight week of gains after data showed U.S. inflation is cooling, the Federal Reserve cut interest rates as expected but also trimmed expectations for a rate cut next year, and a weaker dollar makes oil cheaper for holders of other currencies, which could spur economic growth and oil demand. Monthly inflation slowed in November after showing little improvement in recent months, pushing Wall Street's major indexes higher in volatile trading on Friday. John Kilduff, partner at Again Capital in New York, said "the market is worried about the demand outlook." OPEC+, the Organization of the Petroleum Exporting Countries and its Allies, recently cut its forecast for global oil demand growth in 2024 for the fifth month in a row. Jpmorgan believes the oil market will shift from a balanced state in 2024 to a surplus of 1.2 million barrels per day in 2025, as the bank forecasts non-OPEC + supply will increase by 1.8 million barrels per day in 2025, while OPEC production will remain at current levels.

[arfacapital]

European markets European markets started the session in positive territory, albeit with modest gains. However, as the session progressed, indices displayed a mixed performance. The SMI outperformed following the SNB's larger-than-expected rate cut, while broader European equities turned more subdued ahead of the ECB's policy announcement. Autos and Energy/Basic Resources led the gains, driven by strong underlying commodity prices. Retail was the clear laggard, extending its prior session's weakness. US pre-market The Nasdaq surged past the 20,000 mark for the first time, driven by gains in Google and Nvidia. Meanwhile, the Dow dropped 99 points, continuing its losing streak, and the S&P 500 gained modestly. Tesla shares reached a record $424.77, propelled by market optimism surrounding its electric vehicle and AI prospects, along with favorable ties between Elon Musk and President-elect Trump. Quantum computing stocks also experienced a significant boost after Google introduced its "Willow" quantum chip, which sparked a 45% rise in Rigetti Computing's stock and lifted the Defiance Quantum ETF by 2%. Fixed income markets USTs are marginally weaker after an overnight selloff. Yields were steeper as the market awaited US PPI and ECB updates. Bunds softened, influenced by ECB anticipation and the SNB's unexpected policy move. French OATs and Gilts also edged lower, reflecting broader risk-off sentiment. The Italian Treasury successfully auctioned EUR 8.5 billion across maturities, meeting upper expectations. Commodities WTI and Brent saw marginal gains but pared earlier advances after the IEA downgraded 2024 demand growth forecasts. Prices remained near USD 70/bbl and USD 73/bbl, respectively. Gold held steady around USD 2,715/oz, under pressure from USD strength and rising yields, though benefitting from mixed risk sentiment. Copper remained range-bound above USD 9,200/MT, reflecting cautious market sentiment. Currencies The Dollar Index (DXY) traded steadily, staying within the 106.26-106.80 range. Market focus shifted to upcoming PPI data after the previous CPI report. EUR/USD hovered around the 1.05 level, awaiting the ECB's expected 25bps rate cut. The pair remained within a 1.0480-1.0539 range. JPY experienced mild depreciation after early APAC strength waned. The BoJ is reportedly leaning toward maintaining rates steady, pending consensus on next week’s decision. GBP held steady with limited UK-specific catalysts. GBP/USD tested a session high of 1.2787 before reverting to the prior range of 1.2714-1.2782. AUD outperformed following robust jobs data. Employment growth exceeded expectations, driving AUD/USD back above 0.64. CHF declined after the SNB surprised markets with a 50bps rate cut, coupled with a reiteration of intervention readiness. Cryptocurrencies Bitcoin remained above the 100k mark but traded slightly lower, reflecting minor consolidation after recent rallies. Political and World News - Israeli forces reportedly entered the Syria buffer zone temporarily. Hamas signaled potential acceptance of Israeli presence in Gaza post-ceasefire. - Chinese President Xi reiterated a commitment to strengthening ties with Russia, emphasizing economic collaboration. - President Biden issued clemency for over 1,500 people, marking the largest single-day clemency action in U.S. history. - FBI Director Christopher Wray announced his resignation ahead of Trump’s inauguration, with Kash Patel set to replace him. - U.S. regulators finalized a rule limiting overdraft fees to $5 for banks with over $10 billion in assets. While welcomed by consumers, the rule faces potential rollback under the incoming administration. - Elon Musk became the first person to reach a net worth of $400 billion, driven by record valuations of Tesla and SpaceX. - Prominent real estate figures Tal, Oren, and Alon Alexander face federal and state charges for alleged sex trafficking over a decade. - A former TD Bank employee was charged with laundering $670 million for drug cartels, highlighting systemic compliance failures within the banking sector. Economic Highlights - Wholesale Price Index: The U.S. producer price index (PPI) increased by 0.4% in November, surpassing expectations, indicating sustained inflationary pressures. Core PPI matched forecasts at 0.2%. - Deficit Expansion: The U.S. budget deficit climbed to $366.8 billion in November, a 17% increase year-over-year. The Treasury forecasts $1.2 trillion in annual interest costs as the national debt hits $36.1 trillion. - Jobless Claims Rise: Initial jobless claims totaled 242,000 for the week ending December 7, a 17,000 increase week-over-week, signaling potential headwinds in the labor market. - European Rate Cuts: The ECB reduced its key interest rate by 0.25% to 3%, marking its fourth rate cut in 2024. The Swiss National Bank made a larger-than-expected 0.50% cut to 0.5%. - India's Inflation Eases: India's inflation dropped to 5.48% in November, raising expectations of a 0.25% interest rate cut in early 2025 under the new RBI governor. Corporate Highlights - Tesla Hits Record High: Tesla shares closed at $424.77, marking a 6% daily increase and a 71% year-to-date gain. The stock's momentum is linked to optimism about the company's EV and AI advancements, as well as Elon Musk's relationship with President-elect Trump. - Quantum Stocks Surge: The unveiling of Google's Willow quantum chip has revitalized quantum computing stocks. Rigetti Computing saw a 45% jump, while the Defiance Quantum ETF (QTUM) rose by 2%. Companies like D-Wave and MicroStrategy have also enjoyed massive year-to-date gains of 355% and 538%, respectively. - SCOTUS Clears Nvidia Case: The Supreme Court allowed a securities fraud lawsuit against Nvidia to proceed, concerning allegations the company misrepresented its reliance on cryptocurrency mining for revenue. - Walmart's Fintech Growth: Walmart's financial services startup, One, reached a valuation of $2.5 billion after raising $300 million in funding. The company plans to leverage Walmart’s expansive customer and employee network to expand its services. - SpaceX Valuation Hits $350 Billion: SpaceX's valuation soared following a $1.25 billion secondary share sale, driven by its dominance in the satellite launch market and Starlink's growth. - Google's New AI Tool: Google launched "Deep Research," an advanced AI tool for its Gemini subscribers, allowing users to generate detailed reports through comprehensive data mining. - Eli Lilly Collaboration: Ro, a health-tech startup, partnered with Eli Lilly to offer the weight-loss drug Zepbound through its platform at significantly lower prices than traditional options. - Hershey's Buyout Rejected: Hershey's controlling trust dismissed Mondelez's takeover bid as too low. Hershey’s stock dropped 3.3%, while Mondelez rose 3.5%. Mondelez announced plans for smaller acquisitions and a $9 billion stock buyback program. - Albertsons and Kroger Dispute: Albertsons terminated its $25 billion merger with Kroger after court opposition, suing Kroger for breach of contract. While Kroger shares rose 2%, Albertsons fell by 1.5%. - ReNew Energy's Go-Private Offer: ReNew Energy received a $2.82 billion buyout proposal, representing an 11.5% premium. The stock surged 17.7% in response. Recent Earnings Recap - Adobe (ADBE) reported robust results with quarterly revenue reaching $5.61 billion, reflecting an 11.05% year-over-year growth, surpassing expectations by $66 million. The company also achieved earnings per share (EPS) of $4.81, a 12.65% increase from the previous year, exceeding forecasts by $0.15. This performance highlights Adobe's continued strength in its subscription-based digital media and cloud services. - Nordson (NDSN) delivered solid quarterly performance with revenue climbing to $744.48 million, a 3.5% year-over-year increase, surpassing expectations by $7.69 million. EPS rose significantly to $2.78, marking a 13.01% year-over-year improvement, beating estimates by $0.19, signaling operational efficiency and steady demand across its markets. - Ciena (CIEN) posted mixed results for the quarter. While revenue slightly declined by 0.44% year-over-year to $1.12 billion, it still managed to beat expectations by $24 million. However, EPS dropped 28% year-over-year to $0.54, falling short of estimates by $0.11, reflecting pressure on margins despite stable top-line performance. Upcoming Earnings Outlook - Broadcom (AVGO) is set to report after the market close today. Analysts project revenue of $14.09 billion, representing a significant 51.59% year-over-year growth, with EPS estimated at $1.38, a 24.32% increase. Investors will focus on updates about its cloud and semiconductor business segments. - Costco (COST) will also report later today. Analysts forecast revenue of $62.08 billion, reflecting a 7.41% year-over-year rise, alongside EPS expectations of $3.79, an 8.91% increase. Key attention will be on membership growth and holiday sales outlook. - RH (RH) is expected to announce earnings with analysts predicting revenue of $813.61 million, an 8.3% year-over-year increase, and EPS of $2.67. Insights into the company's luxury furniture sales trends will be closely monitored. - GE Vernova (GEV) and Solventum (SOLV) are slated to release earnings on Tuesday. GE Vernova is anticipated to report $10.68 billion in revenue, while Solventum is expected to deliver $2.06 billion. - Micron Technology (MU) will report Wednesday, with analysts estimating $8.55 billion in revenue, an impressive 80.91% year-over-year growth, alongside EPS of $1.76. The focus will be on-demand recovery in memory chips. - Lennar (LEN): Projected revenue of $10.08 billion (-8.1% YoY) and EPS of $4.26 (-17.6% YoY). - General Mills (GIS): Expected revenue of $5.13 billion (-0.18% YoY) and EPS of $1.22 (-2.4% YoY). - Jabil (JBL): Anticipated revenue of $6.61 billion (-21.19% YoY) and EPS of $1.83 (-29.62% YoY). - Birkenstock Holding (BIRK): Forecasted revenue of $439.27 million (+7.75% YoY) and EPS of $0.26 (+85.71% YoY). IPO Activity Confirmed Today: - ServiceTitan (TTAN): A cloud-based software provider reported $653.84 million in trailing twelve-month (TTM) revenue, growing 31.34% YoY. Estimated Friday, Dec. 13: - Metros Development Co., Ltd. (MTRS): A Japanese real estate consulting company with $489.07 million in TTM revenue and 52.84% YoY growth. - Mountain Lake Acquisition Corp. (MLAC): A Nevada-based blank check company. - Roman DBDR Acquisition Corp. II (DRDB): Focused on cybersecurity, AI, and fintech sectors. - Anteris Technologies Global Corp. (AVR): A cardiac devices manufacturer with $2.71 million in TTM revenue. - New Century Logistics (BVI) Limited (NCEW): A Hong Kong-based freight forwarding provider with $52.15 million in TTM revenue, down 4.69% YoY. - NetClass Technology Inc (NTCL): A Chinese education software company with $11.09 million in TTM revenue, up 19.79% YoY. Market Outlook and Future Events Investors will closely monitor developments in inflation and interest rate policy, with wholesale inflation data and jobless claims suggesting mixed economic signals. Corporate earnings, particularly from Adobe, will provide further insights into business trends as markets anticipate the Fed's next move. Read the full article

[darkmaga-returns]

Trump ran as the candidate for peace. Do you believe him?

Nov 19, 2024

NOTE TO READERS: This article and dozens of others appeared in this week’s Trends Journal. Our mission is to provide our readers with 100 percent independent news analysis and trend forecasts to prepare them for what’s next. Consider supporting our mission here.

Shortly after Donald Trump won the race to the White House, the U.S. dollar spiked, hitting a new high.

Long forgotten was that at the end of September, when Kamala Harris was still riding high and had, according to the polls, defeated Trump in their debate (Trump refused to debate her again), the dollar sunk to its lowest level of the year.

By the end of the month, gold prices spiked.

Why?

Because if Harris won the election, it would be more of the same Biden administration: higher prices, more debt, more war, and a weaker dollar.

Upgrade to paid

Trump, as president, once said he was not a fan of a “very strong” dollar. This time, the equity markets are bullish that with Trump in office, the dollar will get stronger. Indeed, after he won the election, the dollar spiked nearly 3.5 percent in just a few days. 

So, with the dollar spiking, gold prices took a hard hit… falling some 5 percent.

In fact, this was a 5 percent mirror-image drop in gold prices when Trump won the White House race in 2016.

What also brought gold prices down after the election was that in a CNN town hall event back in May, Trump said he would end the Ukraine War in 24 hours: “They’re dying, Russians and Ukrainians. I want them to stop dying. And I’ll have that done—I’ll have that done in 24 hours.”  

Therefore, since gold is a safe-haven asset, and prices rise as the fear of major wars escalate (and as we had long noted, WWIII has begun and a false flag or major event will make it official), the threat of WWIII decreased with Trump’s White House win and his vow to be for peace… and gold prices sank.

What A Difference A Day Makes

It was reported on Sunday that outgoing President Joe Biden—with just two months left before Trump replaces him—told Kyiv that it can use the long-range Army Tactical Missile Systems (ATACMS) that America had given them to strike deep into Russia.

Bingo!

While gold prices had started to rebound from their Trump election lows, as a result of the reality of the now ramped-up Ukraine War and the looming threat of the economic and geopolitical damage that will result, gold prices clawed back over the past two days.

Indeed, the terrible Ukraine War has gotten worse.

[hmatrading]

https://www.apsense.com/article/809619-gold-rate-forecast-2024-key-trends-and-prediction.html

Gold has long been a symbol of wealth and stability. For investors, the gold rate forecast is more than just numbers; it’s a glimpse into potential financial opportunities or crises that may lie ahead. The allure of gold shines even brighter during uncertain times, making its price movements crucial to monitor.

As we approach 2024, many are eager to understand what influences these rates and how they might shift in the coming months. Whether you're a seasoned investor or new to the market, grasping the intricacies behind gold prices can help you make informed decisions. So let’s dig deeper into what this year could hold for gold's shining future! Read more - https://hmatrading.in/gold-rate-forecast/

[blockinsider]

Anticipated Bitcoin Price Surge Post US 2024 Election Results: A Crucial Forecast

Key Points

Bitcoin’s price is retesting a vital support range between $68K and $69K after significant bullish momentum.

Bitcoin price may experience high volatility due to the upcoming US 2024 elections and potential macro bullish breakout.

After reaching near its all-time high last week, the price of Bitcoin is currently retesting a key support range between $68K and $69K. The leading cryptocurrency has seen significant bullish momentum since the August 5 crypto crash, particularly after invalidating the macro-falling logarithmic falling trend.

On a daily timeframe, Bitcoin’s price has been forming higher highs and higher lows, a typical characteristic of a rising market trend. As long as Bitcoin’s price remains above July’s peak of about $68K, the macro bullish sentiment will dominate.

Technical Analysis and Market Sentiment

From a technical analysis perspective, Bitcoin’s price is on the brink of a major bullish uproar after consolidating for the past eight months. If Bitcoin’s price consistently falls below the support level of around $58k, which has been strongly held since early March this year, the macro bullish sentiment will be delayed or invalidated.

After indicating a potential macro bullish breakout recently, Bitcoin’s price is at a critical point that will lead to high volatility in the near term. Furthermore, the Gold price has continued to print new all-time highs in the weekly timeframe, signaling a similar pattern for Bitcoin.

Impact of US 2024 Elections

The US 2024 elections concluding in the next two days will determine the administration for the next four years. Some Wall Street analysts predict that Bitcoin and the entire crypto market will continue to grow regardless of the election outcome. However, a different group has favored the Republicans led by Donald Trump.

Trump has made several promises to the crypto market if he is elected. Among them, he has mentioned that he will replace SEC Chair Gary Gensler with a person friendly to web3.

In the coming days, Bitcoin’s price is also expected to experience increased volatility amid the anticipated Federal Reserve rate cut. The chances of the Federal Reserve initiating another rate cut before the end of this year have significantly increased, with other major jurisdictions, including Canada and Europe, following the same path.

Meanwhile, Bitcoin’s price has greatly benefited from the significant demand from institutional investors led by US spot BTC ETF issuers. By the end of the first week of November, the US spot Bitcoin ETFs, led by BlackRock’s IBIT, registered a net cash inflow of over $2.2 billion, the highest since March.

As a result, the US spot Bitcoin ETFs now hold assets under management (AUM) of about $69 billion, led by IBIT with around $30 billion.

[hmatrading0]

Gold Forecast Appraisal and Forecasts for the Next Five Years

Gold remains a safe haven and store of value; thus, it is worth monitoring and considering in the coming years.

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[market-news-24]

Gold and silver prices have experienced slight increases recently as Market charts show a bullish trend. Investors are keeping a close eye on these precious metals as they navigate economic uncertainties. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Gold and silver prices are showing a slight increase in early U.S. trading on Friday. Silver is nearing its three-year high achieved in April, attracting speculators towards long positions in both precious metals. The June gold price is up $6.10 at $2,391.60, while July silver is up $0.089 at $29.965. Stock indexes in Asia and Europe mostly saw gains overnight, with U.S. stock indexes expected to open slightly higher after hitting record highs on Thursday. The Euro zone's April consumer price index rose by 2.4% year-on-year, meeting Market expectations. China has taken steps to support its struggling property sector, including a 300 billion yuan relending facility for affordable housing. This news led to a rally in China property stocks. Additionally, China saw positive economic data with a 6.7% year-on-year increase in April industrial output. Comex copper futures hit a record high above $5.00 a pound this week, fueling talk of a potential "short squeeze." Market reports suggest that copper prices have outpaced demand, leading to supply disruptions and speculation in base metals trading. In the Market today, the U.S. dollar index is up, while Nymex crude oil prices are slightly lower at around $79.00 a barrel. The 10-year U.S. Treasury note yield stands at 4.38%. Economic data to be released includes leading economic indicators. Technically, gold futures show a strong near-term bullish trend, with the next upside target at $2,448.80. Silver futures also exhibit bullish momentum, targeting a close above $30.19. Traders can expect continued Market analysis and forecasting in the upcoming "Markets Front Burner" weekly email report. Please note that the views expressed in this article are the author's own and may not reflect those of Kitco Metals Inc. Accuracy of information is not guaranteed, and this article is for informational purposes only. Trading decisions should be made based on individual analysis and risk assessment. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What is the current price trend for gold and silver? Both gold and silver are experiencing modest price gains as charts show a bullish trend. 2. Should I consider investing in gold and silver right now? The charts suggest that now could be a good time to consider investing in gold and silver. 3. Will the price of gold and silver continue to rise? While nothing is certain, the bullish charts indicate that the price of gold and silver may continue to increase. 4. How can I buy gold and silver? You can buy gold and silver from reputable dealers, online platforms, or through exchange-traded funds (ETFs). 5. Are there any risks associated with investing in gold and silver? Like any investment, there are risks involved in investing in gold and silver, so it's important

to do your research and consider speaking with a financial advisor before making any decisions. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[beasuccessfultrader]

Unveiling the Secrets to Becoming a Great Trader: Your Roadmap to Financial Success

There is a universe of opportunity, promise, and thrill in trading. But how can you succeed as a trader by navigating this shifting terrain? Is trading a talent best left to the well-off, or is it something that anybody can pick up? We'll go over the fundamentals of trading in plain, understandable language in this post, taking you step by step toward becoming a skilled trader.

**Understanding the Basics of Trading**

Let's begin by dispelling some common misconceptions about trading before getting into the finer points. Essentially, trading is the process of purchasing and disposing of financial assets with the intention of turning a profit, including stocks, currencies, commodities, and cryptocurrencies. It resembles playing a game in which your goal is to forecast price movements and profit from them.

**Getting Started: Know Your Markets and Assets**

Learning the fundamentals is the first step towards mastering trading, much like learning how to ride a bicycle. Start by being acquainted with various financial markets, such as the stock market, cryptocurrency market, commodities market, and forex market (where currencies are traded). Before entering any market, it is imperative to understand the fundamentals as each one functions differently.

Examine the many assets that can be traded in these markets next. Commodities include items like gold and oil; stocks are ownership stakes in businesses; currencies are utilized in international trade; and cryptocurrencies are digital assets like Bitcoin. Gaining knowledge about the traits and variables that affect every asset class can help you become a more knowledgeable trader.

To Become A Successful Trader JOIN NOW

**Crafting Your Trading Plan**

A trader needs a plan to traverse the markets, just like a builder needs blueprints to build a house. A trading plan serves as a road map for your trading career by outlining your goals, tactics, and guidelines for risk management. To help you make wise decisions and maintain discipline in your trading, you must have a well-defined plan.

The following should be part of your trading plan:

1. **Goals:** Establish your trading goals. Are you trying to reach a certain financial goal, create long-term wealth, or produce income? Setting definite objectives will keep you motivated and focused.

2. **Strategies:** Choose a trading strategy. Which trading strategy will you prioritize: swing trading, in which positions are held for several days or weeks, or day trading, in which positions are opened and closed inside a single trading day? Select tactics that fit your objectives, level of risk tolerance, and availability of time.

3. **Control of Risk:** In trading, risk management is essential. Establish guidelines for position sizing, stop-loss orders (to limit potential losses), and risk-reward ratios (to make sure prospective gains exceed potential losses) based on your risk tolerance. By putting good risk management techniques into practice, you can safeguard your wealth and maintain your

**Learning the Language of Trading: Key Terminology**

Learning a new language might be the experience of venturing into the trading world. Learn the fundamental terms used in trading so that you can converse with other traders and comprehend market dynamics better. The following are some key terms to understand:

1. **Ask and Bid:** The offer price is the lowest amount a seller is ready to take, while the bid price is the maximum amount a buyer is willing to pay for an item. The spread is the amount that separates the ask and bid prices.

2. **Short and Long:** Purchasing an asset with the hope that its value would increase is known as going long, and selling an asset with the hope that its value will decrease is known as going short. Price swings both up and down might be profitable for traders.

3. **Margin and Leverage:** With little capital, traders may manage bigger bets thanks to leverage. The sum of money needed to start and keep up a leveraged position is known as the margin. Leverage should be utilized carefully as, although it might improve profits, it also raises the possibility of losses.

4. **Level of volatility:** The degree of price swings in an asset is referred to as its volatility. For traders, high volatility brings both opportunities and threats. Although there is a chance for large returns in unpredictable markets, there is also a greater degree of uncertainty and possible losses.

**Exercising Patience and Discipline**

Trading calls for perseverance, self-control, and a dedication to lifelong learning; it is not a get-rich-quick scam. Refrain from allowing fear or greed influence your trading decisions as these emotions can impair judgment and cause rash conclusions. Maintain consistency in your approach and adhere to your trading plan even when the market is volatile.

**Utilizing Tools and Resources**

Traders can improve their trading experience with a multitude of tools and resources available to them in the modern digital age. Use these resources to keep informed and make wise trading decisions, from news feeds and economic calendars to charting platforms and technical analysis tools. Additionally, to broaden your expertise and connect with like-minded people, think about asking seasoned traders for advice, joining online trading communities, and going to informative webinars or seminars.

**Conclusion: Your Journey to Trading Success**

The path to becoming a successful trader is one of growth, opportunity, and challenges. Anyone can start on the path to successful trading by mastering the principles of trading, creating a sound trading plan, picking up important terminology, exercising patience and discipline, and making use of the tools and resources that are readily available. Recall that talent, preparation, and persistence, rather than luck or chance, determine trading success. Thus, arm yourself with knowledge, maintain a disciplined mindset, and allow your enthusiasm for trading to propel you toward your financial objectives. Cheers to your trading!

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[accapitalmarket]

Fed ruins Santa Rally, markets poised to recalibrate

US markets came under pressure as investors digested the US Federal Reserve’s hawkish shift on interest rates, revealed on Wednesday, and a raft of other central bank announcements made on Thursday.

Having, as expected, announced a 25-basis point (bp) reduction in interest rates to a target range of 4.25% at its final monetary policy committee meeting of 2024, Fed chair Jerome Powell hinted then that the US central bank will be slowing down the pace of rate cuts next year.

The number of US rate cuts now expected next year is just two, down from the previously guided four, with the Fed pointing to a new phase whereby cuts are less necessary given the strength of the underlying economy.

US data released pre-market on Thursday proved mixed. Fourth quarter GDP growth came in at 3.1%, a rise from 3.0% in the previous quarter, and above expectations for a fall to 2.8%. The higher-than-expected growth indicates a stronger and more robust economy than initially predicted.

Meanwhile, US initial jobless claims came in at 220,000 for the latest week, lower than the 229,000 forecast, indicating the labor market remaining robust.

But the Philadelphia Federal Reserve Manufacturing index dropped to a reading of -16.4, down from -5.5% and well below the forecasted number of +2.9, suggesting worsening conditions for manufacturers in the region.

On foreign exchanges, the dollar was cautious, losing 0.49% versus the euro at 0.9607 and down 0.22% versus the pound to 0.7936.

Sterling was otherwise mixed after the Bank of England, as expected, held UK interest rates at 4.75%, after recent economic data showing rising inflation and average wages caused concern, although three of the nine Monetary Policy Committee members had voted for another cut.

GBPUSD H1

The Bank of Japan also kept its interest rates unchanged at 0.25% at its last meeting of the year, pointing to a high degree of uncertainty for the business outlook, especially with regard to commodity prices and inflation generally.

Among commodities, oil prices were volatile after the Fed's hawkish rate shift, bouncing back after earlier falls as traders weighed up a weak demand outlook and solid supply factors.

US WTI crude was up 0.7% to $71.07 a barrel, while UK Brent crude added 0.5% to $73.36 a barrel.

Gold was weaker on the Fed caution, losing 1.6% to $2,599 an ounce. But Bitcoin found gains, up 2.1% to $102,263.

XAUUSD H1

On equity markets, after massive falls on Wednesday - when the blue-chip Dow Jones Industrial Average dropped 2.6%, the broader S&P 500 index shed 3.0%, and the Nasdaq Composite slumped 3.6% - the main US stock indexes were predicted to make a modest recovery on Thursday, with all three seen up around 0.8%.

Micron slumped 12.8% premarket after the chipmaker issued weak second-quarter guidance after the close Wednesday, disappointing investors despite earnings beat for the latest period.

But Apple edged up 0.1% premarket after reports said the tech giant is in talks with local partners, Tencent and ByteDance, about integrating their artificial intelligence models into iPhones sold in China.

Disclaimer:

The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions.

Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us.

The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.