|Day's Range||1,704.30 - 1,742.60|
A boutique law firm is leading a bevy of charges against the biggest names in crypto while MakerDAO plans its obsolescence.
The short-term range is 103.960 to 98.345. Its retracement zone at 101.155 to 101.815 is the first upside target. This zone surrounds a long-term 50% retracement level at 101.495.
The silver markets have rallied slightly during the trading session on Monday, as the market started to see more money flow into the precious metals markets and simultaneously into more of a “risk on” move. Ultimately, this helps silver.
Gold markets rallied significantly during the trading session on Monday, reaching towards the crucial $1700 level. If the market can break above this level, it’s likely that we will continue the uptrend finally.
Like gift cards, digital tokens represent claims on future services. In a downturn, those tokens may not lose value as readily as equities and debt.
The British pound has rallied a bit during the trading session on Monday to kick off the week but did struggle near the 1.23 level. At this point it’s very unlikely to continue going higher.
The Zacks Analyst Blog Highlights: Franco-Nevada, Alamos Gold, Barrick Gold, DRDGOLD and NovaGold Resources
Based on the early price action and the current price at $1674.60, the direction of the June Comex gold futures contract the rest of the session on Monday is likely to be determined by trader reaction to the downtrending Gann angle at $1667.80.
Based on the early price action and the current price at 1.0799, the direction of the EUR/USD is likely to be determined by trader reaction to the short-term Fibonacci level at 1.0831.
Based on the early price action and the current price at .6050, the direction of the AUD/USD the rest of the session on Monday is likely to be determined by trader reaction to the uptrending Gann angle at .5990. This angle provided support earlier in the session.
Gold is looking very bullish. At this point we can see that the price is rejecting above the inverted head and shoulders bottom.
It is possible that cheap prices, cooler weather and a possible bottom in crude oil are providing support for natural gas, but until the new case coronavirus curve begins to flatten, demand destruction will continue to keep a lid on prices.
European stock markets are set to open firmly higher Monday, with investors buoyed by signs of a slowdown in coronavirus-related deaths in the region, and by expectations of more financial aid to help bolster its battered economies. At 2:30 AM ET (0630 GMT), the DAX futures contract in Germany traded 4.1% higher. France's CAC 40 futures were up 3.8%, while the FTSE 100 futures contract in the U.K. rose 3.0%.
Get ready for some incredible price moves in the metals markets and congrats to all the Gold and Silver bugs out there. Our analysis says our patience and accumulation of physical metals will soon pay off in a big way.
Even if it's not a huge purchase, we think it was good to see that Paul Bennett, the Non-Executive Director of Horizon...