Gold Price Forecast: Targets Lower Levels Amid Bearish Signals – FX Empire
A decline below key levels is bearish Last week's gains persisted, with gold prices reclaiming the uptrend line and two moving averages, but Monday's plunge to a five-day low and weak close negated any bullish signs that may have arisen. I did. For example, potential resistance on the way up will soon come as gold […]
Gold Price Forecast: Plunges Below Key Levels as Bearish Momentum Builds – FX Empire
Bearish momentum accelerates Given the accelerating downside momentum seen today, gold appears headed for a retest of support around the 50-day moving average at 2,638, if not below. The next lowest pivot is at the bottom of the bull flag at 2,600. This low is also a higher swing low and is therefore part of […]
Gold Price Forecast: Hits Resistance, Eyes Key Support Amid Bearish Reversal – FX Empire
2,753 targets lead to sales While the upside target of 2,753 was met and appeared to be acknowledged by the market, gold still has higher targets that it could eventually reach once the retracement is completed. There are some important potential support levels to watch out for on the way down. The first is the […]
Bitcoin’s repeating bearish engulfing trend and spot ETF outflows boost odds of sub-$60K BTC – Cointelegraph
Bitcoin (BTC) price is currently showing a 3% decline after a strong weekly performance last week. In addition to this, Bitcoin's daily chart is hinting at a historical bearish pattern, raising concerns that this could test the $60,000 level again. Bitcoin forms a bearish engulfing candlestick every day Bitcoin’s 2.4% decline on October 21st formed […]
The stock market is overvalued, but that's no reason to turn bearish, analyst says – Markets Insider
Piper Sandler advises against selling stocks despite the S&P 500's estimated 8% overvaluation. The company believes there are no immediate triggers for an economic recession, such as sharp rises in interest rates or inflation. Investors should focus on stocks with strong earnings momentum to outperform, the company said. Thank you for registering! Access your favorite […]
Bitcoin falls below $60k again! Another bearish week ahead? – AMBCrypto News
BTC has surged 9.92% over the past seven days, but is back down at the time of writing. Despite the surge, BTC remains in a bear market, especially due to declining trading volumes. Bitcoin last week [BTC] It briefly recovered to the $60,000 level. Bitcoin hit a local low a week ago and attempts to […]
EUR/GBP Price Analysis: Bearish outlook persists, pair continues sideways trading – FXStreet
With the RSI below 50 and the MACD also below, the bearish outlook remains. The selling pressure is decreasing, which is indicated by the decrease in the red MACD bars. On Tuesday’s session, the EUR/GBP pair saw a moderate rise to 0.8440, indicating that the technical outlook remains mixed. Although bears seem to be taking […]
Oil Prices Tumble as Traders Turn Bearish – OilPrice.com
Rising global crude supplies and weaker-than-expected demand have made traders increasingly bearish on oil prices. Hedge funds and other asset managers accelerated selling of the most-traded oil futures contracts in the latest reporting week that ended Sept. 3. Portfolio managers cut their overall net long positions — the difference between bullish and bearish bets — […]
Market Sends Highly Bearish Signals; Are You Paying Attention? – Investor's Business Daily
Dow Jones futures will begin trading Sunday evening, along with S&P 500 futures and Nasdaq futures. apple (AAPL) will unveil the iPhone 16 and take center stage at a major AI event, Oracle (Orks) and Adobe (Adobe). All three of these tech giants are nearing buy points. ↑ X Now Playing Selling pressure intensifies as […]
Price pressure on gold, silver amid bearish outside markets – Kitco NEWS
Jim Wyckoff I have over 25 years of experience covering the stock, financial and commodity markets. I was a financial journalist for FWN Newswire Services for many years and have also worked as a reporter on the active commodity futures trading floors in Chicago and New York. As a journalist, I have covered every futures […]