Bitcoin’s price remains stable, but a surge may be on the horizon.
Key Points: Bitcoin remains trapped within an 18-day trading range, recently dipping below $116,000. The uncertainty around US regulators and the Trump administration’s pro-crypto stance has made traders feel uneasy. Bitcoin (BTC) took a hit after the Federal Reserve’s FOMC minutes were released, particularly following Chairman Jerome Powell’s press conference. This drop came as the […]
Gold Price Outlook: XAU/USD receives support under $3,300 while the 50-day EMA serves as an important obstacle
Gold prices stabilize temporarily, sitting just below $3,270, but further declines seem more probable. Traders adjusted their expectations, showing that Powell is not rushing into interest rate cuts. The US President remains optimistic about securing a trade agreement with China. During Thursday’s trading in Europe, gold prices (XAU/USD) climbed nearly 1% to about $3,315, rebounding […]
Angola’s fuel price increase leads to deadly protests, 22 dead in violent clashes
At least 22 individuals have lost their lives amid escalating protests in Angola, which has raised concerns in this oil-rich nation. The unrest began on Monday when the local minibus taxi association initiated a three-day strike against the government’s decision to reduce subsidies and increase diesel prices by one-third in an attempt to balance the […]
Gold Price Outlook: XAU/USD stays negative, with $3,345 expected to support buyers
Gold is currently making a corrective recovery against the US dollar, facing resistance at $3,345 and $3,360. Strong GDP figures and hawkish expectations from the Fed are influencing the market. XAU/USD exhibits a bearish flag pattern, targeting a measured value of $3,245. On Wednesday, gold (XAU/USD) showed some upward movement, partly due to a slightly […]
Bitcoin Price Looks for Federal Reserve Guidance After Positive US-China Trade Discussions
Simply put Beijing and Washington discussed extending the 90-day tariff suspension but could not finalize an agreement. Bitcoin’s price reached $118,000 as traders interpreted macro policy signals. Attention will shift to the Fed meeting on Wednesday, with market expectations for interest rate cuts in September. Bitcoin and the wider cryptocurrency market remained stagnant on Tuesday, […]
Silver Price Prediction: XAG/USD hovers around $38.00 as traders look for Fed’s decision
Silver is stabilizing around the 20-day SMA at $37.88, approaching significant support that reflects some uncertainty. The RSI is showing a bullish but flat trend, indicating a lack of momentum as everyone waits for the Fed’s rate decision. If it moves up, $39.00 is the next target, with $38.50 also in sight. On the downside, […]
Today’s gold price forecast: What to expect for gold rates in the near future? Here’s the outlook.
Gold Price Prediction Gold prices are expected to have limited gains in the near future as the clarity around US President Donald Trump’s trade policies becomes more apparent. Maneesh Sharma from Anand Rathi stocks discusses insights and strategies for Gold and Silver investors. After a slight uptick early last week, gold has now faced four […]
Gold Price Outlook: XAU/USD approaches 50-day EMA support, attention turns to the Fed
Gold Stabilizes After Four-Day Slide Gold (XAU/USD) has stabilized around $3,321 on Tuesday, after reaching a nearly three-week low of about $3,300, effectively stopping a four-day losing streak. Risk-on sentiments and easing geopolitical tensions are contributing to a reduction in demand for safe havens as the August 1 deadline approaches. The market remains cautious ahead […]
Bitcoin price disregards possible upcoming $450M Galaxy Digital BTC sale
Key Points: Despite new Galaxy Digital Exchange Transactions, the market mood remains stable, with Bitcoin expected to reach $119,000 once the CME gap is filled. Selling nerves regarding “OG” BTC seem to have faded following last week’s transaction of 80,000 BTC. There are still discussions in trading circles about the possibility of another BTC price […]
XRP Price May Drop Below $3 Following $840 Million Sell-Off
XRP Faces Volatile Trading Period XRP has recently seen a notable decline from its peak, settling into a lateral trend for now. It’s currently hovering just above the $3 support level, which acts as a psychological anchor for many investors. However, an uptick in selling activity could jeopardize this support in the near future. XRP […]