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Type: Bearish Momentum Key Levels:Resistance: 1778.2Pivot: 1740.8Support: 1709.5 Preferred Case:On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 1740.8 where the pullback resistance is to 1st support at 1709.5 where the 78.6% fibonacci retracement and 78.6% fibonacci […]

Gold futures settled slightly lower on Monday, pressured by a rise in U.S. Treasury yields, but with some weakness in the U.S. dollar limiting losses for the precious metal. Monthly U.S. jobs data due at the end of the week may provide clues on gold’s next direction. A lower U.S. August nonfarm payrolls number of […]

Bitcoin (BTC) heads into the first week of September on a rocky road downhill after United States markets’ Jackson Hole rout. After the U.S. Federal Reserve reinforced hawkish comments on the inflation outlook, risk assets sold off across the board, and crypto is still reeling from the aftermath. A fairly nonvolatile weekend did little to […]

Embattled EV maker Faraday Future Intelligent Electric Inc. FFIE, -8.00% said Monday it has filed a revised preliminary proxy statement with the U.S. Securities and Exchange Commission ahead of a special shareholder meeting. Faraday Future, which last month announced another delay for its planned EV as it seeks to raise money to operate through the […]

The Food and Drug Administration is expected to authorize new COVID-19 booster shots this week that target the latest versions of the omicron variant but will do so without data from a study showing the shots were safe and worked in humans, the Wall Street Journal reported. Clearance of the doses, without data from human […]

On Monday, the BTC is trying to recover but not too successfully. It is chiefly fluctuating at $19,879. Over the last week, the leading cryptocurrency has lost more than 9%. Sellers took the BTC to $19,520 but the market recovered fast. Today everyone is perplexed as to whether to keep buying or to stop and […]