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official Daily Market Analysis From Forexmart.eu
KostiaForexMart replied to Andrea FXMart's topic in Forex News & Analysis
Gold prices are stable amid optimism about the negotiations between the United States and China Gold prices rose slightly on Monday, as investors chose not to place large bets in anticipation of the results of trade negotiations between the United States and China. The spot price of gold rose 0.1% to $3,313.54 per ounce, while futures declined 0.4% to $3,333.80. Three advisers to Donald Trump will discuss trade differences with their Chinese counterparts in London today, which is causing increased nervousness in the markets, and traders are avoiding long positions before negotiations. Although a complete elimination of tariffs is unlikely, the results of the discussions may improve the situation. However, the high cost of doing business in the United States and the growing budget deficit may increase inflationary pressures. From a technical point of view, analysts expect spot gold to test the support level at $3,296, and a breakdown below this level could lead to a decline to $3,262. Gold is traditionally viewed as a safe haven asset in an environment of uncertainty and low interest rates. According to official data, the central bank of China increased its gold reserves for the seventh consecutive time in May. At the same time, the spot price of silver rose 0.2% to $36.03 per ounce; platinum rose 1.6% to $1,187.80; palladium fell 0.1% to $1,045.61. - Today
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I’ve been checking the Top Gainers section on BingX lately, and last week I got in early on BOBBSC, which ended up doing +354% in 7 days. It’s a meme/NFT token I almost ignored, but the volume and early price action looked promising, so I took a chance. A few others like LA (+265%, AI-focused) and WEMIX (+74%, GameFi/DeFi) also moved hard—all of them showed up early on BingX’s top gainers list. That’s where I spotted them. Meanwhile, BTC is trading above $108K, and ETH is around $2,567. Also worth noting—Strategy just added another 1,045 BTC (~$110M) to their holdings, now holding over 582K BTC total. That kind of institutional buy-in definitely adds confidence, even for small-cap plays. Just thought I’d share in case anyone else is tracking these moves.
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J.J. Edwards’ Expert Market Analysis at FenzoFx
FenzoFx replied to FenzoFx's topic in Forex News & Analysis
Crude Oil Tests Monthly High—Bullish or Liquidity Grab? FenzoFx—Crude Oil broke above its previous monthly high at $64.61, trading around $65.27. While a bullish trend is indicated by a 23,000 increase in buy-side contracts, technical signals suggest caution. RSI 14 shows bearish divergence, and the Stochastic Oscillator remains overbought. Oil could consolidate before resuming its uptrend. Buying breakouts isn’t advised. A dip toward $63.02 may offer a discounted entry. -
This is great, and it's somewhat interesting to see how Lagrange is actually helping the Ethereum ecosystem, despite the bearish state of things. I've seen some of these coins listed as part of the Top Gainers coins on BingX. I'm just paying attention to them to see how much they will perform in the weeks to come.
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