The price of gold (GOLD) has risen during its recent intraday trading, benefiting from the support level holding at $4,600, which was the last price target in our previous analyses, giving the price positive momentum that helped it achieve these gains. This rise aims to compensate for part of its previous losses, coinciding with its attempts to relieve the oversold condition on the relative strength indicators, especially with the positive signals coming from them.
Despite this, negative pressures remain due to the price trading below its simple moving average for the past 50 periods, which reinforces the dominance and stability of the bearish trend in the short term and limits the chances of a full recovery in the near future.
Based on the above, our expectations lean towards a decrease in the price of gold in its recent intraday trading, especially as long as the resistance level at $4,800 holds, aiming once again at the mentioned support level of $4,600.
The expected trading range for today is between the support of $4,600$ and the resistance level of $4,800.
The price of gold (GOLD) has risen during its recent trading sessions, benefiting from the support level holding at $4,600, which represented the last price target in our previous analyses, giving the price positive momentum that helped achieve these gains. This increase aims to compensate for part of its previous losses, coinciding with its attempts to alleviate the oversold condition on relative strength indicators, especially with the positive signals coming from them.
Despite this, negative pressures remain as the price trades below its simple moving average for the 50-period, which reinforces the dominance and stability of the bearish trend in the short term and limits the chances of a full recovery in the near term.
Based on the above, our expectations lean towards a decrease in the price of gold in its recent trading sessions, especially as the resistance level at $4,800 holds firm, aiming again for the mentioned support level of $4,600.
The expected trading range for today is between support 4,600$ and resistance level $4,800.
Gold opened trading this week on Monday at a level of 5400 dollars, in a bullish movement that was a natural reaction to the ongoing tensions and war in the global markets. However, prices began to gradually decline during Tuesday and Wednesday. This drop is mainly attributed to the release of positive data for the US dollar, which strengthened the American currency and led to pressure on gold, in addition to profit-taking after the strong increases the metal has seen in recent times. There are also other factors that contributed to this decline. In this video on my YouTube channel, I presented a comprehensive technical and fundamental analysis of gold, explaining the important levels and potential scenarios for price movements in the upcoming period.
Catalyzing Global Goodwill: How Binance Pay Helped with Disaster Relief in Brazil
2024
<t-5/><t-6/>#Binance Key points This is a true story of how cryptocurrencies, through Binance Pay, facilitated the efficient distribution of aid to victims of the Rio Grande do Sul floods in Brazil earlier this year. Binance Pay enables instant transactions with no fuel surcharges, and can be faster and more efficient than traditional payment systems. In emergency situations such as disaster relief, Binance Pay has proven to be a game-changer on multiple occasions.
XRP holders beware: The countdown has begun. Within 48 hours, a major announcement could be made that will radically change the Ripple ecosystem and significantly impact the price of XRP. **What's going on?** Rumors are circulating about:
Ripple may announce positive developments in the regulatory space, removing some of the concerns surrounding the currency. * **New Global Partnerships:** Ripple may enter into strategic partnerships with major global entities, further expanding the reach of its technology.
Why is Bitcoin price rising and how do cryptocurrencies work?
#2024WithBinance The value of the cryptocurrency Bitcoin has reached $100,000 for the first time since it began trading in 2009, when its value was less than one dollar. It is believed that its trading value began at $0.10.
The world's largest cryptocurrency saw its value soar before falling back below that figure, thanks to Trump's promises to adopt crypto-friendly policies during his term, and for the United States to become the "cryptocurrency capital of the planet."
Why is Bitcoin price rising and how do cryptocurrencies work?
Last Wednesday, the value of the cryptocurrency Bitcoin reached $100,000 for the first time since it began trading in 2009, when its value was less than one dollar. It is believed that its trading value began at $0.10.
The world's largest cryptocurrency saw its value soar before falling back below that figure, thanks to Trump's promises to adopt crypto-friendly policies during his term, and for the United States to become the "cryptocurrency capital of the planet."
Experts: Market has not yet entered the speculative frenzy phase, leaving room for growth #أمريكا The United States is buying 5% of the total supply of Bitcoin over the next two decades, to support the dollar as the global reserve currency and help ease the burden of American debt.
#Binance platform with football legend Cristiano Ronaldo #ForeverSKills#
Binance announces the launch of the ForeverSkills Collection of digital collectibles — the latest addition to its partnership with football legend Cristiano Ronaldo. The “ForeverSkills Collection” offers eight unique digital collectibles inspired by Cristiano Ronaldo’s iconic football skills. Collectors can enjoy different uses and rewards based on the type of digital collectibles they acquire from the collection.
Did you know that Dogecoin has a market cap of $62.80 billion? That’s a lot of Shiba Inu power! And what about the price? Well, that always makes things exciting. Are you ready to join the Dogecoin adventure? Let’s go to the moon together!
#Binance platform with football legend Cristiano Ronaldo #ForeverSKills#
Binance announces the launch of the ForeverSkills Collection of digital collectibles — the latest addition to its partnership with football legend Cristiano Ronaldo. The “ForeverSkills Collection” offers eight unique digital collectibles inspired by Cristiano Ronaldo’s iconic football skills. Collectors can enjoy different uses and rewards based on the type of digital collectibles they acquire from the collection.