Bitcoin October 13 daily chart alert—Bears deliver technical body blow
(Kitco News) – Monday, October 13–October bitcoin futures prices are weaker in early U.S. trading Monday, following sharp losses Friday that produced serious near-term technical damage. Bears have quickly gained the overall near-term technical advantage amid the steep price downdraft. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 3.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish). Stay tuned!
Read moreGold Market Analysis for October 13 – Key Intra-day Price Entry Levels for Active Traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. Based on key short-term technical support and resistance levels, I show potential b…
Read moreIs it time to be a bearish gold bull?
(Kitco News) – Since late 2022, gold has been on an unprecedented run, breaking through key resistance levels and setting 41 record highs this year alone.
Read moreWall Street waffles between belief and the fence, Main Street moderates its bullish bets after gold conquers $4,000
The latest Kitco News Weekly Gold Survey showed half of Wall Street’s bullish faction switching to neutral on gold after it crossed the $4,000 price threshold, while Main Street investors also pulled back on their bullishness for next week.
Read moreGold and silver may take a break next week, but they still have plenty of momentum
(Kitco News) – It has been a milestone week for gold and silver, as prices hit new all-time highs above $4,000 and $50 an ounce, respectively.
Read morePreliminary Consumer Sentiment ticks down to 55 in October as inflation expectations rise
(Kitco News) – The gold market is trading slightly higher ahead of the weekend after the latest data showed consumer sentiment in the U.S. holding steady, while near-term inflation expectations rose once again.
Read moreHistory shows silver market may now be in trouble
(Kitco News) – Fundamentals remain solid amid geopolitical hotspots around the globe that continue to produce safe-haven demand, generally easier world central bank monetary policies that hint of better consumer and commercial demand for silver in the coming months, and major industrialized countries hoarding “rare-earth” minerals, including silver.
Read morePrice rebounds for gold, silver – but buckle up
(Kitco News) – Gold and silver prices are higher in early U.S. trading Friday, with silver posting sharp gains. Prices have made a quick rebound from Thursday’s solid losses.
Read moreBitcoin October 10 daily chart alert – Bullish pennant pattern in place
(Kitco News) – Friday, October 10–October bitcoin futures prices are near steady in early U.S. trading Friday. This week, a bullish pennant pattern has formed on the daily bar chart after prices Monday hit a contract/record high.
Read moreGold market analysis for October 10 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
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