If Gold forms a strong rejection candle in the 3360–3377 zone, a sell option can be considered. However, if the market breaks above 3395, a bullish continuation can be expected. XAUUSD is currently in a major supply zone (3360–3377). If it rejects from here, a short-term sell is possible. On the other hand, if it breaks above 3395, bullish continuation is likely with potential targets at 3428–3438.#XAUUSD #forextrading #TrumpTariffs
Bitcoin Sudden Drop – Is a 110K-111k (again) Retest Coming?
Date: August 3, 2025 Current Price: ~$113,800 24h Change: 0.88–1% decrease
Key Observations:
Rejection from $120K Resistance: Bitcoin has dropped to around $113.8K after facing strong resistance in the $118K–$120K range. There are signs of weakness in the current uptrend.
Low-Volume Gap Between $111K–$115K: According to CryptoQuant analysts, there was little trading activity in this zone during the rapid rally from July 9–14. Historically, such "low-volume gaps" often act as magnets, attracting the price back to fill them.
Key Support Zones:
$114K–$115K: Current trading range; short-term reaction is expected here.
$110K–$112K: Strong support area.
$105K–$108K: If selling pressure increases, this zone could be the next correction target.
Here are some simple reasons that explain why Bitcoin's price can suddenly surge.
1. Limited Supply, High Demand There will only ever be 21 million Bitcoins. No more. When more people want to buy but the supply stays limited, the price naturally shoots up
2. Interest from Big Investors When giants like Tesla or MicroStrategy invest in Bitcoin, it creates massive hype in the market. Then the general public starts buying too—driving the price even higher
3. ETF Approvals or Major Announcements If the U.S. approves a Bitcoin ETF, it will allow traditional investors to easily invest in Bitcoin. This could cause the price to spike sharply.
4. Economic Uncertainty When a country faces economic instability, people often look for safe investment options. Many turn to Bitcoin—pushing the price up.
5. Halving Events Every 4 years, Bitcoin mining rewards are cut in half. History shows that prices usually rise significantly after halving. The next one is coming in 2028.
6. FOMO (Fear of Missing Out) When people see the price rising, they panic and think: "If I don’t buy now, I’ll miss the chance!" This collective rush to buy drives the price even higher.