Mixed dynamics was r...from Kary_K

Mixed dynamics was recorded on the foreign exchange market. The US dollar declined slightly against the British currency and the Japanese yen, which was largely due to a technical correction. But commodity currencies: the Australian, New Zealand and Canadian dollars suffered losses against their American counterpart. The pressure on them is exerted by fears of a recession in the global economy.

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Do you want me to tell you a very terrible secret about BTC? He will continue to fall from head to toe and then from head to toe. It will definitely reach 15,000 and even lower. But this will not happen very soon. It will happen before mid-summer. Set yourself a calendar reminder to check my forecast in mid-July 2024.

Kary_K

The gold market is in uncertainty. Recently, uncertainty has taken over the market. There are now more than enough uncertainty factors after the publication of the August employment report in the United States, judging by which, the Federal Reserve System (FRS) will not raise interest rates on September 20, but will not rule out the possibility of one more, and maybe two rate hikes before the end current year. The market now needs to get out of this same $15 wide range to get a new direction. The bears definitely need to achieve a breakout below the $1,915 support, while the bulls need a clear break above the $1,930 resistance. Of course, there is no doubt that gold will go up. Necessarily. Only after it goes down.

Kary_K