Analyst news

Gold Buying Frenzy Intensifies. Forecast as of 27.08.2024

27-08-2024 11:23 via litefinance.org

What could potentially impact the bullish outlook on gold? Could it be a robust US labor market in August or modest forecasts of the FOMC on the federal funds rate in September? Let's discuss these factors and make a trading plan for the XAUUSD.Highlights and key points Gold hit record highs thanks to geopolitics. The precious metal's rally potential is not exhausted due to the tailwind. The XAUUSD may decline on labor market statistics or Fed forecasts. The level of $2,515 per ounce is the line

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Short-term Analysis for Oil, Gold, and EURUSD for 27.08.2024

27-08-2024 09:36 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 reached the short-term downtrend's key resistance.Highlights and key pointsUSCrude: oil has hit the resistance (B) 76.79 - 76.30. If the price remains below this area, the decline may continue to the target of 74.07. XAUUSD: gold is trying to breach t

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Ripple Price Forecast & Predictions for 2024, 2025–2030 and Beyond

27-08-2024 09:11 via litefinance.org

Ripple XRP is one of the leading cryptocurrencies in the financial industry. Although the coin does not aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple's success. XRP is not just a cryptocurrency. Ripple was designed as a full-fledged payment infrastructure that can potentially replace SWIFT.This article analyzes the reasons for the coin's growth and decline, future developments of the

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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.08.2024

27-08-2024 09:06 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: a bullish impulse wave may develop up to the level of 69,940.00. Consider long positions from the current level with Take Profit at 69,940.00. XRPUSD: the price is rising in impulse (C) to the high of 0.703. Consider buying from the current level with Take Profit at 0.703. ETHUSD: the asset is projected to grow in a bullish im

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EURUSD Surges on Improved Market Optimism. Forecast as of 27.08.2024

27-08-2024 08:32 via litefinance.org

Investors are paying close attention to the upcoming start of the Fed's monetary expansion cycle and have temporarily set aside concerns about the US presidential election. The associated uncertainty may provide support for the US dollar. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Markets are overly optimistic about the Fed's monetary expansion. History shows that sharp rate cuts are inherently unhealthy for the markets. Investors should not ov

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