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Gold Poised to Face Correction. Forecast as of 03.09.2024

Gold bulls are waiting for a reason to lock in profits on their long positions. They see a strong US dollar and seasonal influences on the gold price as a potential reversal factor. However, another event will trigger a sell-off in the XAUUSD. Let's discuss this topic and make a trading plan.

Highlights and key points

Gold has reached several all-time highs in 2024.
The precious metal averaged a 3.2% slip in September 2017-2023.
The labor market may trigger a correction in the XAUUSD.
A bounce from support levels of $2,465, $2,430, and $2,400 should be used for buying gold.... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/gold-poised-to-face-correction-forecast-as-of-03092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

Short-term Analysis for Oil, Gold, and EURUSD for 03.09.2024

I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

The euro is attempting an upward correction after the August 30 downward reversal.

Highlights and key points

USCrude: oil continues to offer selling opportunities. Therefore, consider holding your short trades initiated at the resistance (B) 76.79 - 76.30 open until the price reaches the target of 71.35.

XAUUSD: gold is declining to the target at the August 22 low. If the asset... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-03092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.09.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

Highlights and key points

BTCUSD: expect a decline in impulse [3] to 54,092.00. Consider opening a short position.
XRPUSD: a descending impulse [3] is heading for the low of 0.487. Consider opening a short position.
ETHUSD: a descending corrective wave 3 is unfolding and will probably end at around 2,181.01. Short positions could be considered.

Elliott Wave analysis for Bitcoin

The BTCUSD crypto pair appears to be forming a descending wave С as an impulse [1]-[2]-[3]-[4]-[5]. This impulse began developing after a bullish corrective wave B formed... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-03092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

US Dollar to Gain Weight in September. Forecast as of 03.09.2024

In September, stock indices tend to fall while US Treasury bond yields increase, creating a favorable backdrop for the US dollar. Let's discuss this topic and make a trading plan for the EURUSD pair.

Highlights and key points

Historically, September has been a challenging month for US stocks and bonds.
The seasonal factor offers a favorable outlook for the US dollar.
ECB officials have differing views on the future of the deposit rate.
One can sell the EURUSD pair with the target of 1.1.

Weekly US dollar fundamental forecast

The autumn season is already here, bringing us a general sense of... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/us-dollar-to-gain-weight-in-september-forecast-as-of-03092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

Crude Oil Price Forecast for 2024–2030 and Beyond: WTI and Brent Outlook

The question of whether oil will rise or fall is a pressing concern for traders and investors who closely follow the energy market. Geopolitical and economic factors make oil price forecasting a challenging task. Therefore, it is crucial to analyze expert forecasts before making informed trading decisions.

Recent data shows a notable decrease in oil purchases of WTI and Brent among asset managers. According to the Commodity Futures Trading Commission, the pace of reduction is the fastest in 4 years. Meanwhile, OPEC is sticking to its decision for member countries to temporarily reduce production until the end of 2024, preventing... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/oil-price-prediction-forecast/?utm_source=facebook&utm_medium=social&utm_campaign=post

Gold Price Forecast & Predictions: 2024 and Beyond

The gold price forecast employs a comprehensive analysis of major factors affecting the precious metal's supply and consumer demand. It also encompasses trading patterns, fractals, and emerging market trends.

What lies ahead for gold? Will it rise in price? In this article, we'll delve into historical data, consult with experts, and present a gold price forecast for 2024, 2025, and a long-term forecast until the end of 2030, inviting you to anticipate the future trends.

Highlights and Key Points

XAUUSD: technical analysis suggests that gold is trying to continue its medium-term uptrend. If the quotes grow, the price will reach... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/gold-price-prediction-forecast/?utm_source=facebook&utm_medium=social&utm_campaign=post

Litecoin Price Prediction for 2024 and Beyond

Litecoin (LTC) cryptocurrency was created in 2011 by former Google employee Charlie Lee. Litecoin is based on the Bitcoin (BTC) protocol code, featuring a faster blockchain and lower reward per block.

LTC ranks among the top 10 cryptocurrencies, second only to Bitcoin. These two digital assets are often compared: if Bitcoin is the "crypto gold," then Litecoin is the "silver." This is probably why the coin manages to attract investor interest, and its price and market cap remain high even in times of market downturns.

This article offers thorough Litecoin price forecasts for 2024 and beyond. Based on the analysis,... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/litecoin-price-prediction-forecast/?utm_source=facebook&utm_medium=social&utm_campaign=post

Ripple Price Forecast & Predictions for 2024, 2025–2030 and Beyond

Ripple XRP is one of the leading cryptocurrencies in the financial industry. Although the coin does not aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple's success. XRP is not just a cryptocurrency. Ripple was designed as a full-fledged payment infrastructure that can potentially replace SWIFT.

This article analyzes the reasons for the coin's growth and decline, future developments of the Ripple network, and analysts' forecasts regarding XRP's possible minimum and maximum prices. Is XRP a good investment? What levels can XRP reach in... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/ripple-price-prediction-forecast/?utm_source=facebook&utm_medium=social&utm_campaign=post

EOS Price Prediction for 2024, 2025, 2026-2030 and Beyond

EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications or ‘dApps.’ The coin is recognized as one of the leading tokens in the crypto world, although the market capitalization is not that big. While Ethereum is far more popular, experts know better than to equate popularity with quality.

EOS focuses on speed, scalability, and flexibility — all important things that give it an edge in the eyes of experts. What’s more, EOS tries to solve the problems of limited availability of resources on the network, false transactions, similar requests, spamming apps,... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/eos-price-prediction/?utm_source=facebook&utm_medium=social&utm_campaign=post

Zcash Price Forecast & Predictions for 2024, 2025-2026 and Beyond

The popularity of cryptocurrencies is on the rise despite regulatory restrictions. Apart from well-known digital assets such as Bitcoin, Ethereum, and Litecoin, there are others attracting investors' attention. One of them is ZEC, which has great potential to be profitable in the long run.

Zcash is a popular digital token known for its strong privacy features. It was created on October 28, 2016, and operates using blockchain technology with open-source code. With a market capitalization of $238.5 million and a maximum total supply of 21 million coins, Zcash is considered a promising digital asset.

Although Zcash is based on the... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/zcash-price-prediction-forecast/?utm_source=facebook&utm_medium=social&utm_campaign=post

NEO Price Prediction for 2024, 2025–2030 and Beyond

Known for its volatility, the digital currency market has always been exposed to both opportunities and risks. NEO, often called "China's Ethereum," has always been on this typical rollercoaster ride, experiencing sharp ups and downs. However, the cryptocurrency continues to attract attention in the crypto sphere, sparking lively discussions and varying Neo price predictions among enthusiasts and skeptics alike.

With its unique blockchain technology and vision to digitize assets using smart contracts, the NEO coin has been on the radar of investors and traders for its potential to carve out a niche in the decentralized financial landscape. Amidst the sea... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/neo-price-prediction-forecast/?utm_source=facebook&utm_medium=social&utm_campaign=post

Yen Soars on Differing Fed-BoJ Policy Outlooks. Forecast as of 02.09.2024

The BoJ claims that the USDJPY's collapse is rooted in the events in North America. In fact, the pair is showing increased sensitivity to the Fed's monetary policy and changes in US Treasury yield. Let's discuss this topic and make a trading plan.

Highlights and key points

Sharp fluctuations in the yen exchange rate harm the Japanese economy.
Slow BoJ normalization makes the USDJPY dependent on events in the US.
The release of US labor market data will determine the yen's future.
As long as USDJPY is trading above 146.3, one may continue buying the pair.

Weekly fundamental forecast for... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/yen-soars-on-differing-fed-boj-policy-outlooks-forecast-as-of-02092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

EURUSD Forecast & Predictions for 2024, 2025–2026, and Beyond

The EURUSD is one of the major and most traded currency pairs in the Forex market. Traders analyze its future price not only for trading purposes but also to gauge the economic conditions of the EU and the US, along with the global market sentiment.

Since the pair is widely traded, predicting its exchange rate from a long-term investment perspective can be challenging. The EURUSD exchange rate movement is influenced by interest rate differentials, inflation, unemployment rates, trade, and capital flows. At the same time, much of the pricing is related to unforeseen event risks and market sentiment changes. Let's... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/eurusd-forecast-and-price-prediction/?utm_source=facebook&utm_medium=social&utm_campaign=post

Short-term Analysis for Oil, Gold, and EURUSD for 02.09.2024

I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

The euro's short-term uptrend has reversed.

Highlights and key points

USCrude: oil continues to decline after hitting the short-term downtrend's key resistance 76.79 - 76.30. The bearish target is at 71.35.

XAUUSD: gold is trading in a downward correction within the short-term uptrend. The potential correction target is the support (B) 2452 - 2445.

EURUSD: the euro's short-term uptrend has reversed.... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-02092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.09.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

Highlights and key points

BTCUSD: expect a decline in impulse [3] to 54,092.00. Consider opening a short position.
XRPUSD: a descending impulse [3] is heading for the low of 0.487. Consider opening a short position.
ETHUSD: a descending corrective wave 3 is unfolding and will probably end at around 2,181.01. Short positions could be considered.

Elliott Wave analysis for Bitcoin

The BTCUSD appears to be forming a descending wave С as an impulse [1]-[2]-[3]-[4]-[5]. This impulse began developing after a bullish corrective wave B formed as a... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-02092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

US Dollar Awaits Jobs Data. Forecast as of 02.09.2024

Should the US Federal Reserve choose to act in response to growing discontent over the cooling labor market, the August employment data will serve as a key driver for the EURUSD pair. Let's discuss this topic and make a trading plan.

Highlights and key points

The winding down of speculative short positions on the US dollar became a reason for the EURUSD rebound.
The slowdown in EU inflation is pushing the ECB to cut rates in September.
The August labor market report will be a litmus test for the greenback.
The EURUSD pair's consolidation will allow traders to open more... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/us-dollar-awaits-jobs-data-forecast-as-of-02092024/?utm_source=facebook&utm_medium=social&utm_campaign=post

This one pattern is PERFECT for beginners. In this video we made detailed analyse of it

This pattern perfect for begginers! You can try trading here! We have Demo accounts for beginners and various instruments for professionals https://www.litefinance.org/

XAUUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

Highlights and key points

Main scenario: consider long positions from corrections above the level of 2471.10 with a growth target of 2600.00 – 2700.00. A buy signal: if the price remains above 2471.10. Stop Loss: below 2440.00, Take Profit: 2600.00 – 2700.00.
Alternative scenario: breakout and consolidation below the level of 2471.10 will allow the pair to continue declining to the levels of 2292.30 – 2161.56. A sell signal: after the level of 2471.10 is broken to the downside. Stop Loss: above 2500.00, Take Profit: 2292.30 – 2161.56.

Main scenario

Consider long positions from a correction above the level of... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/xauusd-elliott-wave-analysis-and-forecast-for-300824-060924/?utm_source=facebook&utm_medium=social&utm_campaign=post

IBM Stock Forecast & Price Prediction for 2024, 2025-2026 and Beyond

International Business Machines Corporation or IBM is a global leader in the development of hardware and software, as well as a provider of consulting and IT services. The company has a market capitalization exceeding $180 billion.

The second-quarter report revealed a notable rise in IBM's gross profit, reaching $8.95 billion compared to the previous quarter's $7.74 billion. As a result, the IBM stock posted significant gains. Analysts anticipate that the stock will continue to appreciate over the foreseeable future.

Highlights and Key Points: IBM Stock Forecast 2024-2030

The current price of IBM stock on {var_date} is $198.85.
According to analysts'... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/ibm-stock-forecast-and-prediction/?utm_source=facebook&utm_medium=social&utm_campaign=post

WTI Crude Oil: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

Highlights and key points

Main scenario: once a correction forms, consider short positions below the level of 83.94 with a bearish target of 63.50 – 53.60. A sell signal: after the price returns below 83.94. Stop Loss: above 85.50, Take Profit: 63.50 – 53.60.
Alternative scenario: breakout and consolidation above the level of 83.94 will allow the asset to continue rising to the levels of 89.53 – 94.10. A buy signal: after the level of 83.94 is broken to the upside. Stop Loss: below 81.50, Take Profit: 89.53 – 94.10.

Main scenario

Consider short positions below the level of 83.94... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/wti-crude-oil-elliott-wave-analysis-and-forecast-for-300824-060924/?utm_source=facebook&utm_medium=social&utm_campaign=post

USDJPY: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

Highlights and key points

Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00. A buy signal: after the price returns above 141.66. Stop Loss: below 140.50, Take Profit: 165.00 – 170.00.
Alternative scenario: breakout and consolidation below the level of 141.66 will allow the pair to continue declining to the levels of 129.34 – 121.00. A sell signal: after the level of 141.66 is broken to the downside. Stop Loss: above 143.00, Take Profit: 129.34 – 121.00.

Main scenario

Consider long positions from corrections above the level of 141.66... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-300824-060924/?utm_source=facebook&utm_medium=social&utm_campaign=post

GBPUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

Highlights and key points

Main scenario: consider long positions from corrections above the level of 1.2960 with a growth target of 1.3500 – 1.3740. A buy signal: if the price holds above 1.2960. Stop Loss: below 1.2900, Take Profit: 1.3500 – 1.3740.
Alternative scenario: breakout and consolidation below the level of 1.2960 will allow the pair to continue declining to the levels of 1.2648 – 1.2478. A sell signal: once the level of 1.2960 is broken to the downside. Stop Loss: above 1.3020, Take Profit: 1.2648 – 1.2478.

Main scenario

Consider long positions from corrections above the level of 1.2960... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-300824-060924/?utm_source=facebook&utm_medium=social&utm_campaign=post

Will the Pound Lose Ground? Forecast as of 30.08.2024

The British pound sterling has grown against the US dollar to its highest in 2.5 years, strengthening its leadership in the G10 currency race. Still, are the GBPUSD bulls feeling that good? Let’s discuss it and make a trading plan.

Highlights and key points

Renewed carry trade supports the pound sterling.
Things might worsen before they get better in the UK.
BoE will have to cut rates faster than markets expect.
GBPUSD's failure to hold above 1.316 is a reason for selling.

Weekly fundamental forecast for pound sterling

The rhetoric from the heads of the Bank of England and the... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/will-the-pound-lose-ground-forecast-as-of-30082024/?utm_source=facebook&utm_medium=social&utm_campaign=post

EURUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

Highlights and key points

Main scenario: consider long positions from corrections above the level of 1.0950 with a growth target of 1.1300 – 1.1500. A buy signal: after the price consolidates above 1.0950. Stop Loss: below 1.0920, Take Profit: 1.1300 – 1.1500.
Alternative scenario: breakout and consolidation below the level of 1.0950 will allow the pair to continue declining to the levels of 1.0773 – 1.0662. A sell signal: after the level of 1.0950 is broken to the downside. Stop Loss: above 1.0980, Take Profit: 1.0773 – 1.0662.

Main scenario

Consider long positions from corrections above the level of 1.0950... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/eurusd-elliott-wave-analysis-and-forecast-for-300824-060924/?utm_source=facebook&utm_medium=social&utm_campaign=post

USDCHF: Elliott wave analysis and for 30.08.24 – 06.09.24

Highlights and key points

Main scenario: once a correction forms, consider short positions below the level of 0.8750 with a bearish target of 0.8200 – 0.8000. A sell signal: after the price returns below 0.8750. Stop Loss: above 0.8780, Take Profit: 0.8200 – 0.8000.
Alternative scenario: breakout and consolidation above the level of 0.8750 will allow the pair to continue rising to the levels of 0.9044 – 0.9226. A buy signal: after the level of 0.8750 is broken to the upside. Stop Loss: below 0.8720, Take Profit: 0.9044 – 0.9226.

Main scenario

Consider short positions on corrections below the level... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/usdchf-elliott-wave-analysis-and-for-300824-060924/?utm_source=facebook&utm_medium=social&utm_campaign=post

USDСAD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

Highlights and key points

Main scenario: consider short positions with a target of 1.3192 – 1.2981. A sell signal: after the correction ends below 1.3950. Stop Loss: 1.3950, Take Profit: 1.3192 – 1.2981.
Alternative scenario: breakout and consolidation above the level of 1.3950 will allow the pair to continue rising to the levels of 1.4200 – 1.4350. A buy signal: once the level of 1.3950 is broken to the upside. Stop Loss: below 1.3920, Take Profit: 1.4200 – 1.4350.

Main scenario

Consider short positions below the level of 1.3950 with a target of 1.3192 – 1.2981 once the correction is... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/usdsad-elliott-wave-analysis-and-forecast-for-300824-060924/?utm_source=facebook&utm_medium=social&utm_campaign=post

(PFE) Pfizer Stock Price Forecast: 2024 and Beyond

In the ever-evolving pharmaceutical landscape, Pfizer (NYSE: PFE) is a key player, with its stock forecast garnering significant interest from investors and analysts alike. Heading into 2024 and beyond, the consensus tilts towards a cautiously optimistic outlook for Pfizer's stock. This optimism is underpinned by the company's strong product lineup, including vital pharmaceuticals and promising new treatments and vaccines. While analysts offer varied price targets, they anticipate potential growth in Pfizer's stock value.

However, investors should note the industry's sensitivity to regulatory shifts, competitive dynamics, and broader economic factors, which can influence stock trajectories. As we delve deeper into the... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/pfizer-stock-forecast-and-price-prediction/?utm_source=facebook&utm_medium=social&utm_campaign=post

Short-term Analysis for Oil, Gold, and EURUSD for 30.08.2024

I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

Gold is trying to break through the upper Target Zone.

Highlights and key points

USCrude: oil started an upward correction after reaching its first bearish target near the 74.07 level. Now, the price is approaching the trend's boundary of 76.79 - 76.30 again.

XAUUSD: gold is trying to break through the Target Zone 2529 - 2514. If so, the next bullish... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-30082024/?utm_source=facebook&utm_medium=social&utm_campaign=post

Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 30.08.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

Highlights and key points

BTCUSD: expect growth in correction [2] to 61,406.67 and consider a long position.
XRPUSD: a descending impulse is developing at the moment, with wave [1] completed as its part. The price is currently growing in correction [2] to 0.596. Long positions could be opened.
ETHUSD: an ascending corrective wave 2 is unfolding and will probably end at around 2,648.56. Long positions could be considered.

Elliott Wave analysis for Bitcoin

The BTCUSD appears to be forming a descending wave С as an... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-30082024/?utm_source=facebook&utm_medium=social&utm_campaign=post