@LennaertSnyder At what time is the press conference and also where do you guys get to see press conference live? Or I would appreciate if you could tell me a platform which update the news in real time. Thank you.
Market Opening Forecast for Next Monday: Gold prices have been in a long-term correction channel; recently, the decline has accelerated, breaking directly below the extremely critical psychological and technical support level of 4,000 (closing at 3,997.82). Prices may continue to fall due to momentum or remain in a weak consolidation phase. Following the break below the major 4,000 threshold, there remains room for short-term panic selling and stop-loss orders to be triggered; unless major bullish news emerges to reverse the trend, it will be difficult for prices to rebound immediately. Unless the daily chart can recover the 4,025–4,034 range (near the previous day’s high and breakout point) with strong volume early next week, any rebound is highly likely to turn out to be a “bull trap.” Strategy: Focus primarily on shorting at higher levels in line with the trend. If a rebound occurs at Monday’s open, consider taking a light short position on the rally in the 4,015–4,022 range; SL: above 4,040; TP: 3,980 If Monday’s open fails to produce a rebound or continues to break below the previous low of $3,975, take a light short position in line with the trend, TP: 3,950 #XAUUSD#GOLD
🚨 THE NEXT 10 DAYS COULD BE VERY VOLATILE FOR CRYPTO.
The crypto market is fighting at strong support. Every other asset class is weak, inflation is high, oil is above $100, and crypto is still holding.
Now look at what is coming:
- Oct 27: Israel Election
- Oct 28: FOMC
- Oct 28: Google and META earnings
- Oct 29: Amazon and Apple earnings
- Nov 3: US Midterm Elections
Any one of these can move this market hard in either direction.
The levels that matter now:
Bitcoin: $80,000, then $76,000
ETH: $2,350
Altcoin market cap: $214 Billion
Bitcoin already lost its 50 day moving average today. If $80,000 breaks, panic starts and we go looking for $76,000.
Avoid high leverage for the next 10 days. One headline can flip the direction instantly.
If you are a spot buyer, pick your alts now and wait for the panic. This does not mean sell here. It means keep cash ready to buy more when everyone else is scared.
Bitcoin stays in a bull trend as long as it holds the weekly 50 moving average near $76,100.
@Umairorkz I'm sorry I'm new to this so if I'm asking something which you provide privately only to your subscribers somewhere then please let me know.
@Umairorkz Thank you for all the effort that you're putting in. I had a couple of tiny profitable trades using the information that you provided over the weekend.
For this one particularly, I'm having a little hard time jnderstand what the price range for BTC is in this orange section.
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