Analyst news

• Gold Avoids Bear Market. Forecast as of 20.08.2024

  20-08-2024 12:22 via litefinance.org
  
  As a rule, gold declines during periods of increased monetary tightening by the Fed. Conversely, it tends to appreciate as soon as the central bank makes a dovish reversal. In the current cycle, the usual patterns have not been observed. Let's discuss this topic and make a trading plan for the XAUUSD.Highlights and key points Gold is flowing from east to west, indicating a bullish trend. De-dollarization, central banks, and geopolitics have dashed the hopes of bears. The Fed's monetary expansion
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 20.08.2024

  20-08-2024 09:55 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Oil has corrected to the key support.Highlights and key pointsUSCrude: oil is trying to consolidate below the key support (B) 73.80 - 73.30. XAUUSD: gold is still maintaining its short-term uptrend. If a correction emerges, one may consider long trades. EURUS
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 20.08.2024

  20-08-2024 08:57 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Highlights and key points BTCUSD: the pair is expected to continue declining in correction (2) toward 55901.27. Consider short trades at the current level with a take-profit order placed at 55901.27. XRPUSD: the price is expected to grow in the impulse wave (C) to the high of 0.654. Consider long trades at the current level, taking profits at 0.654.
  
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• US Dollar May See Sell-off. Forecast as of 20.08.2024

  20-08-2024 08:26 via litefinance.org
  
  As stock indices continue to rally, the derivatives market points to a high risk of a sell-off in the US dollar. The currency is sold on rumors of Jerome Powell's possible dovish rhetoric. When is it time to buy on the facts? Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Market sentiment has shifted away from concerns about recession. Investors are anticipating a 25-basis-point reduction in the federal funds rate. Analysts speculate that Jerome Po
  
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