Master_Scalp

Master_Scalp

Investors are waiting for a new Bitcoin bull run. However, this week is an important week for cryptocurrencies. Antoni Trenchev, co-founder and managing partner of crypto lending firm Nexo, said that historically, the third quarter has been Bitcoin's weakest period. So markets often fall into decline before they get better in the coming weeks. At this point,...

Master_Scalp Updated 

According to some analysts, if the dollar finds some momentum, it could make investors profit on bullish gold bets. "It looks like the USD is trying to establish a short-term uptrend on the daily chart while June gold looks a bit precarious. However, we've seen this story before and it usually ends. with the greenback falling and gold rising," said Darin Newsom,...

Master_Scalp Updated 

Gold prices in the global market experienced a slight reversal as immediate delivery gold increased by $8.9 to reach $1,942.6 per ounce. December futures for gold, in their last trading session, rose by $7.3 to $1,976.1 per ounce compared to the previous morning. The modest increase in gold can be attributed to the July US job report, which closely aligned with...

Master_Scalp Updated 

Gold prices rose slightly on Monday, recovering slightly after steep losses in the past week, while copper prices moved little before a slew of key U.S. and Chinese economic readings in the coming days. Rising U.S. Treasury yields, driven by concerns over higher interest rates and a U.S. ratings downgrade, weighed on gold prices in recent sessions, as did a...

Master_Scalp

After Friday’s rally post-NFP, the euro lost some of its gains as the US dollar regained some support and European growth comes into question once again. The initial kneejerk reaction to the US labor data has been quelled due to the decline in unemployment and increase in average hourly earnings (key contributor to inflation) that could keep central banks on their...

Master_Scalp

As of Sunday, Bitcoin (BTC/USD) appears confined within a slim trading bracket, with resistance and support set at around $30,000 and $29,000, respectively. Key technical indices like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a bearish outlook for Bitcoin at this stage. A glance at the Tradingview Bitcoin price...