Bitcoin is well above its former record, thanks in part to the digital gold narrative taking hold in 2020 with institutional investors. But as those who get into cryptocurrencies consider diversifying beyond BTC, one entrepreneur and crypto trader says that Ethereum is the digital version of silver, not Litecoin as it has long been called.…
2020 was the year of the digital gold narrative amid a pandemic and unprecedented money printing. In 2021, only Bitcoin matters and comparing it to gold at this point is selling the coin short. Now is the age of cryptocurrency, and no comparison shows that better than the two charts you are about to see…
Crypto analyst Tripy has highlighted a double-top Adam and Eve pattern that could send the Dogecoin price as low as $0.16. Meanwhile, crypto XAU has also highlighted a bearish setup that could spark a further decline to $0.15. Dogecoin Price Risks Drop To $0.16 With Double Top Adam And Eve Pattern In a TradingView post,…
Gold traded around a major short-term decision point of interest as traders observed how the most recent rebound could hold below resistance. XAUUSD traded roughly $4,573 on the H1 chart and has just recovered from lower levels. Meanwhile, Gold continues to face a bearish setup under the 4,590 zone. New charts by analysts on X…
Gold is consolidating on the daily chart after a recent sell-off in the area of a potential range bottom. Gold has rallied off the selling pressure seen in recent trading and is now approaching a decision zone on the daily time frame. The XAU/USD remains above short-term support, but any potential buyers have to break…
While renewed concerns over energy supply disruptions have helped lift oil prices, gold is also drawing renewed attention as traders evaluate whether safe-haven demand can push the precious metal toward the key $4,100 resistance zone. At the same time, ongoing technical weakness suggests that bullion still faces important hurdles before a sustained recovery can develop.…
Buyers bought off the support, but the rebound failed under the falling trend line. This leaves gold stuck between near-term demand and the broader bear structure. Gold traded in a narrow range after hitting the $4,020 level during the US session. One analyst cited resurgent geopolitical tensions with Iran for the move. A number of…
Gold traded around $4,383 on August 11 as intra-session strength lost steam below the psychologically important $4,400 figure. The session variation stood around 0.03% lower at 14:03 UTC on TradingView’s data. Price Action the traded created a widened range, from highs around $4,430 to lows around $4,340 throughout the 24- hour cycle to press time.…
The market is now less appealing than it was during the breakout, as the three charts demonstrate, while the rally in gold has extended into the $4,650 range in the short-term. The common signal is bullish when the price is above the previous resistance level, the buyers react fast to a shallow price decline, and…