Gold insurance defends 2500 barrier, Nvidia after the market fell 8% !

Hot spot tracking

• Nvidia's revenue guidance was a mixed bag, dropping as much as 8% in after-hours trading. The company said on Wednesday that third-quarter revenue would be about $32.5 billion. It is working to address production hurdles for the much-anticipated next-generation Blackwell chip. It is working to address production hurdles for the much-anticipated next-generation Blackwell chip. Lower revenue led to investors continue to be bearish, Bearish Nvidia.

• A United States Department of Labor spokesman said a technical glitch delayed the release of the August 21 jobs data. The Bureau of Labour statistics has developed new safeguards to ensure equal access to data. The data delay will indirectly affect investor confidence, slightly negative on the U. S. economy, negative dollar.

• The US EIA Strategic Petroleum Reserve inventory growth for the week ending August 23 was the 2024 since June 21, marking the 37th consecutive week of increases The EIA Strategic Petroleum Reserve stocks for the week ending 23 August were the highest since the week ending 16 December 2022. The surge in crude reserve stocks will hurt crude prices.

Product Hot Comment

• Forex

  Product	Yesterday's Change	Yesterday's Close	Today's Open
  EUR/USD	▼-0.57%	1.11194	1.11196
  GBP/USD	▼-0.51%	1.31902	1.31915
  AUD/USD	▼-0.12%	0.67875	0.6787
  USD/JPY	▲0.45%	144.583	144.444
  GBP/CAD	▼-0.21%	1.77797	1.77752
  NZD/CAD	▲0.15%	0.84153	0.84121

  📝 Review:On Wednesday, the dollar index rose 0.50 percent to 101.06 after posting its biggest gain since June 3 on month-end buying and technology trading. The inversion of the yield curve narrowed further to 3.8400 per cent for the benchmark 10-year note and 3.8730 per cent for the two-year note, which is more sensitive to monetary policy.

  🕵️ Operation suggestion:

  USD/JPY 144.483  Sell  Target Price  142.581

• Gold

  Product	Yesterday's Change	Yesterday's Close	Today's Open
  Gold	▼-0.80%	2504.67	2504.52
  Silver	▼-2.80%	29.113	29.114

  📝 Review:Spot Gold, which fell more than $20 during the day and narrowly missed the 2,500 mark, ended the day down 0.89 per cent at $2,502.00 as the dollar strengthened and traders took profits. Spot Silver ended down 2.84 per cent at $29.11.

  🕵️ Operation suggestion:

  Gold 2513.43  Sell  Target Price  2492.78

• Crude Oil

  Product	Yesterday's Change	Yesterday's Close	Today's Open
  WTI Crude Oil	▼-1.91%	73.914	73.906
  Brent Crude Oil	▼-1.94%	77.357	77.344

  📝 Review:International oil prices fell sharply as US crude stocks fell less than expected and concerns about global demand persisted. WTI crude ended down 1.81 per cent at $74.33 a barrel and Brent Crude 3.04 per cent lower at $77.38.

  🕵️ Operation suggestion:

  WTI Crude Oil 74.017  Sell  Target Price  72.640

• Indice

  Product	Yesterday's Change	Yesterday's Close	Today's Open
  Nasdaq 100	▼-0.95%	19338.55	19170.1
  Dow Jones	▼-0.29%	41137.1	41140.4
  S&P 500	▼-0.53%	5588.95	5563.15
  	▼0.00%	17559.3	17559.3
  US Dollar Index	▲0.46%	100.84	100.82

  📝 Review:stocks closed Wednesday down 0.39 percent for the Dow, 0.6 percent for the S & P 500 and 1.1 percent for the NASDAQ. Nvidia fell 2.1 per cent and SMCI.O fell 19 per cent. The NASDAQ China Gold Dragon Index closed down 3.5 per cent, Alibaba's BABA.N fell 2 per cent and LI.O tumbled 16 per cent.

  🕵️ Operation suggestion:

  Nasdaq 100 19162.550  Sell  Target Price  18847.232

• Crypto

  Product	Yesterday's Change	Yesterday's Close	Today's Open
  BitCoin	▼-1.80%	59324.4	59116.1
  Ethereum	▲1.97%	2538	2529.4
  Dogecoin	▼-0.27%	0.0997	0.09904

  📝 Review:Overall, bitcoin tested the $62,000 support level several times during the day, but failed to hold it, and after afternoon trading there was a clear downward trend, falling continuously below $61,000, $60,000 and $59, the $000 mark. In one day, the value of bitcoin dropped nearly $4,000 to a low of nearly $58,000. At the time of writing, however, prices had rebounded above $59,000. At the same time, Ethereum was also hit hard, falling below $2,400 in the day and more than 10% in 24 hours. Bitcoin's price moves suggest it has moved away from its 100-and 200-day moving averages, which are now converging, suggesting a weakening of momentum. If bitcoin falls below its natural support level of $60,000, traders may turn their attention to deeper levels of support. Specifically, they may focus on the 38.2% Fibonacci pullback between the 2023's September low and the 2024's March High, at about $55,124. If prices fall below that level, it could raise concerns about bitcoin's long-term downward trend.

  🕵️ Operation suggestion:

  BitCoin 59192.0  Sell  Target Price  57736.8