? Weaker U.S. labour data pushes gold higher Gold (XAU) reached a near four-week high during yesterday's trading session following a weaker-than-expected report on U.S. private employment. Also, the yields on U.S. bonds continued to rise following a report that President-elect Donald Trump was considering implementing emergency measures to impose a new tariff program. ? Possible effects for traders The ADP National Employment Report revealed that U.S. private payroll growth slowed significantly in the previous month, from 146,000 in November 2024 towards 122,000 in December. The market is now awaiting the release of the U.S. jobs report on Friday for further insights into the Federal Reserve's future monetary policy direction. The minutes from the Fed's previous meeting indicated that policymakers agreed that inflation is likely to continue declining this year. They also acknowledged the rising risk of persistent price pressures, which could be influenced by the potential impact of President Trump's policies. Meanwhile, physical gold exchange-traded funds (ETFs) have seen their first inflow in four years despite a decline in their holdings by 6.8 metric tons, according to the World Gold Council. XAUUSD was moving primarily in a relatively narrow range of $2,656–$2,662 during Asian and early European trading hours. Today, market participants are waiting for the U.S. Jobless Claims report data, coming out at 1:30 p.m. UTC. A higher-than-expected reading should be taken as bullish for gold, while lower data may trigger bearish momentum in the precious metal.
https://www.tradingview.com/x/hSQU5q9F/ ✅GOLD is trading in an uptrend And the price broke the key Horizontal level of 2663$ Which is now a support so We will be expecting a Further bullish move up LONG? ✅Like and subscribe to never miss a new idea!✅
one will not be convinced that this pair is just entering in bearish rally unless he/she takes a look at 1D TF where the trend simply follows the DOW theory and it has marked its LH and also got rejected from Fib .50 golden pocket and now it is going downwards its LL. These are some confluences that hint that decent bearish movement can be seen on 1HR TF.
1/ ? Breaking News: The U.S. DOJ is set to auction $6.5B in Bitcoin, raising questions about market impact. With Bitcoin at $93K and institutional adoption at its peak, is this a turning point? Let’s break it down. ? 2/ ? Strengths of Bitcoin: ? Decentralized Power: No single entity controls Bitcoin. ? Scarcity: Only 21M BTC will ever exist—a store of value like no other. ? Network Security: A high hash rate makes Bitcoin one of the most secure blockchains. 3/ ? Weaknesses: ? Scalability: High transaction volumes lead to slower confirmations. ? Environmental Concerns: Mining’s energy use sparks global debates. ? Complexity: Managing wallets and private keys remains a challenge for beginners. 4/ ? Opportunities: ? Institutional Adoption: Major players like BlackRock are entering the space. ? Global Remittances: Bitcoin shines in regions where traditional banking fails. ? Halving Impact: The 2024 halving could reduce supply, pushing prices higher. 5/ ⚠️ Threats: ? Regulatory Risks: Government actions, like this auction, could create turbulence. ? Volatility: Wild price swings still deter traditional investors. ?️ Tech Challenges: Rapid innovation might challenge Bitcoin’s dominance. 6/ ? Valuation at $92,728: Is Bitcoin overpriced? Some argue its scarcity and adoption justify the value. Others see a speculative bubble. What do you think—store of value or hype-driven rally? ? 7/ ? The $6.5B Auction Impact: The DOJ’s planned sale caused a 2.78% BTC dip. Historically, such auctions show limited long-term impact. From March 2023 to today, Bitcoin surged 375% despite similar events. ? 8/ ? Political Timing? Is this auction politically motivated? Some speculate it’s a preemptive move ahead of a Trump presidency. Critics argue it’s fiscally irresponsible to sell low now, only to potentially buy back higher later. ?️ 9/ ?️ Market Response: Structured auctions avoid market floods. Past events show resilience, with analysts like Ki Young Ju saying, "The $6.5B sale could be absorbed in a week. Don’t panic." The question is: Will history repeat? 10/ ? Your Take on the Auction: How will the $6.5B Bitcoin auction impact the market? Will it spark short-term volatility or will the market absorb the volume effortlessly? Share your thoughts in the comments below! ?
In a groundbreaking collaboration, blockchain company MANTRA has partnered with UAE-based property conglomerate DAMAC to tokenize over $1 billion worth of real-world assets (RWA). This ambitious initiative highlights the growing trend of blockchain adoption for streamlining traditional investment processes and enhancing accessibility for investors globally. Partnership Insights MANTRA, a layer-1 blockchain designed specifically for tokenized real-world assets, is set to transform DAMAC’s extensive portfolio, which spans real estate development, hospitality, and data centers. By leveraging blockchain technology, this partnership aims to: - Streamline Investments: Tokenization simplifies traditional investment mechanisms, offering faster settlements and broader accessibility. - Enhance Transparency: Investors gain access to a secure and transparent method of participating in diverse financial opportunities. - Expand Market Accessibility: Both retail and institutional investors can explore DAMAC’s portfolio with unprecedented ease. The specifics of which DAMAC properties will be tokenized are expected to be disclosed in the coming weeks, with offerings slated to begin in early 2025. This marks a pivotal step in integrating blockchain technology into mainstream industries, aligning with DAMAC’s history of embracing innovation—from accepting cryptocurrency payments in Bitcoin (BTC) and Ethereum (ETH) to planning a $20 billion investment in U.S. data centers. Tokenization’s potential is immense, with industry projections estimating the RWA market could grow to trillions of dollars by the end of this decade. Reports from McKinsey, BCG, 21Shares, and Bernstein underscore the transformative potential of this technology, with significant efficiency gains and expanded investment opportunities. MANTRA’s Strategic Growth MANTRA’s focus on the Middle East region underscores its commitment to revolutionizing traditional financial systems. Earlier this year, it announced plans to tokenize $500 million worth of assets for Dubai-based real estate developer MAG Group. The network’s mainnet launch in October and subsequent native token ( NASDAQ:OM ) growth further solidify its position as a leader in blockchain innovation. NASDAQ:OM has experienced a remarkable 200% market capitalization growth over the past three months, now standing at $3.6 billion according to CoinGecko. This growth reflects increasing investor confidence in MANTRA’s capabilities and vision. Technical Analysis of NASDAQ:OM As of this writing, NASDAQ:OM is trading at a slight decline of 1.34%, forming a symmetrical triangle pattern. This technical setup is often indicative of a potential breakout in either direction: - Bullish Scenario: A breakout above the upper trendline could trigger a significant rally, pushing NASDAQ:OM to new highs. - Bearish Scenario: Conversely, a breakdown below the lower trendline could lead to a selling spree, with prices potentially retesting lower support levels. The confined trading range highlights the importance of closely monitoring price movements for any decisive action. Traders should look for increased volume and momentum as potential confirmation signals for a breakout or breakdown. Broader Implications This partnership between MANTRA and DAMAC is more than just a business deal; it is a testament to the growing adoption of blockchain in traditional industries. By tokenizing real-world assets, the collaboration aims to: - Democratize investment opportunities for a global audience. - Enhance operational efficiencies across industries. - Cement the UAE’s position as a leader in blockchain and crypto innovation. Conclusion The MANTRA-DAMAC collaboration represents a bold step forward in the tokenization of real-world assets. With a solid foundation in both technical and fundamental aspects, NASDAQ:OM is poised for substantial growth, making it a token to watch in the coming months. As the blockchain ecosystem continues to mature, this partnership could set the stage for broader adoption of tokenized investments worldwide.
GBPAUD is in a downtrend and as we know we are not suppose to trade against the trendline, price as has touched it twice which signifies a strong down trend , so retest to the zone and we go short
How Trump's tariff, economic plans could shake the US dollar Reports indicate President-elect Donald Trump may declare a national economic emergency to enact controversial tariff policies under the International Economic Emergency Powers Act (IEEPA). Despite criticisms, Trump remains committed to his proposed economic measures. Yahoo Finance reporter Alexandra Canal examines how the US dollar (DX=F, DX-Y.NYB) might respond to Trump's tariff plans and overall economic agenda, inversely causing a reaction in S&P 500 (^GSPC) earnings growth. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith
Bullish trending pattern - Bullish Flag. Looks like correction is happening right now. Price has retraced between 38.2% - 50% of Fibo Retracement. Price is approaching Resistance/Support Zone – Entry Zone. Look for Buy Setups in the entry Zone. Trade Plan marked on the chart.
Shorts paid nicely Btc is hovering at its support now. I’ll be taking some profits here If support breaks I’ll be riding the rest of my remaining shorts to 88,020. I expect a dip below before Inauguration Day then a rally to highs.
Nifty opened with flat but we saw weakness since morning, broke our sell level 23630 around 10:25 and Nifty hit both of our targets. Tomorrow, Sell Nifty if sustains below 23490 for the targets of 23440 and below marked level. On the other side, sell Nifty if sustains above 23580 for the targets of 23640 and above marked level on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 23580 Sell Below - 23490 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India