Analyst news

• Gold Poised to Face Correction. Forecast as of 03.09.2024

  03-09-2024 12:03 via litefinance.org
  
  Gold bulls are waiting for a reason to lock in profits on their long positions. They see a strong US dollar and seasonal influences on the gold price as a potential reversal factor. However, another event will trigger a sell-off in the XAUUSD. Let's discuss this topic and make a trading plan.Highlights and key points Gold has reached several all-time highs in 2024. The precious metal averaged a 3.2% slip in September 2017-2023. The labor market may trigger a correction in the XAUUSD. A bounce fr
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 03.09.2024

  03-09-2024 09:42 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.The euro is attempting an upward correction after the August 30 downward reversal.Highlights and key pointsUSCrude: oil continues to offer selling opportunities. Therefore, consider holding your short trades initiated at the resistance (B) 76.79 - 76.30
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.09.2024

  03-09-2024 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: expect a decline in impulse [3] to 54,092.00. Consider opening a short position. XRPUSD: a descending impulse [3] is heading for the low of 0.487. Consider opening a short position. ETHUSD: a descending corrective wave 3 is unfolding and will probably end at around 2,181.01. Short positions could be considered.Elliott Wav
  
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• US Dollar to Gain Weight in September. Forecast as of 03.09.2024

  03-09-2024 08:25 via litefinance.org
  
  In September, stock indices tend to fall while US Treasury bond yields increase, creating a favorable backdrop for the US dollar. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Historically, September has been a challenging month for US stocks and bonds. The seasonal factor offers a favorable outlook for the US dollar. ECB officials have differing views on the future of the deposit rate. One can sell the EURUSD pair with the target of 1.1.Weekly US
  
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