Gold Price Forecast: Consolidates Between Major Moving Averages – FX Empire
Range limit until moving average is broken In this week's price action, gold prices are contained between resistance near the 20-day moving average at 2,719 and support near the 50-day moving average at 2,643. This could lead to further consolidation between the two moving averages or a move through one of the price levels. Notice […]
Top Trader Says Altcoin That’s Up 2,000%+ in Two Months ‘Too Parabolic,’ Updates Forecast on PEPE – The Daily Hodl
A widely followed crypto trader has warned that a certain low-cost meme coin built on the Solana (SOL) blockchain could witness a sudden bearish reversal. Pseudonym Trader Blunts say 286,900 followers on social media platform It is said that. Mr. Brandts practices Elliott Wave Theory. The idea is that bullish assets tend to rise after […]
Gold (XAU) Price Forecast: Fed, CPI, and PPI Set the Stage for Gold’s Next Move – FX Empire
Weekly US Dollar Index (DXY)Following Donald Trump's victory in the US presidential election, the US dollar strengthened significantly, putting downward pressure on gold prices. The dollar index rose 0.6% for the week, reaching its highest level since July, while gold fell, reflecting risk-off sentiment among traders who poured money into assets that could benefit from […]
EUR/GBP Price Forecast: Extends downside, initial support level emerges below 0.8300 – FXStreet
EUR/GBP extended its decline to around 0.8310 in early European trading on Friday. The negative outlook on the cross remains as the RSI indicator is bearish and the price is below the 100-day EMA. The immediate resistance level appears at 0.8355. The first downside target is seen at 0.8290. Early in European trading on Friday, […]
AUD/USD Price Forecast: Rejection near 100-day SMA supports prospects for deeper losses – FXStreet
AUD/USD encountered fresh supply on Friday as the US dollar appeared to be buying. An overnight failure and technical setup near the 100-day SMA favors bearish traders. Sustained strength and acceptance above the 0.6700 mark negates the negativity bias. AUD/USD has failed to capitalize on yesterday's strong rally to around 0.6700, a two-week high, and […]
Gold (XAU) Daily Forecast: U.S.-China Trade Tensions Add Pressure to Gold Outlook – FX Empire
The recent decision by the US Federal Reserve to cut interest rates by 25 basis points, with a target range of 4.50%-4.75%, has further impacted gold's safe-haven status. Fed Chairman Jerome Powell's comments also suggested further rate cuts are on the horizon to counter economic pressures, potentially pushing up the dollar and impacting gold demand. […]
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 […]
Harley-Davidson cuts revenue forecast on inflation, DEI backlash
Jennifer Sey, a former senior marketing executive at Levi Strauss & Co., explained on The Big Money Show why some of America's largest companies are retreating from DEI practices. Harley-Davidson has lowered its full-year sales forecast due to weak demand due to persistent inflation and consumer boycotts. Diversity, Equity, and Inclusion (DEI) The program has […]
Tesla shares surge 13% after CEO Elon Musk touts sales forecast
CEO Elon Musk has told investors that the company's electric vehicle sales will increase 20-30% next year as it prepares to roll out more affordable models. Tesla stock rose more than 13% before the opening bell Thursday after the company said it expected . Tesla, which had a market capitalization of nearly $670 billion as […]
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 […]