Manhattan's Gold and Silver Market Experiences Wild Fluctuations
- Price Volatility: On Thursday, gold and silver prices plummeted nearly 10% within half an hour, leaving dealers unable to price accurately, which reflects market instability and investor panic, directly impacting dealers' profit margins.
- Escalating Market Panic: On Friday, silver fell over 25% in a single day after President Trump appointed Kevin Warsh as the next Fed chair, marking the largest drop ever recorded, leading several large refineries to halt purchases, further exacerbating market uncertainty.
- Changing Investor Behavior: Amid rising inflation concerns, investors flocked to the gold and silver markets, causing wild price fluctuations, with many dealers ceasing purchases due to thin margins, highlighting the market's heightened anxiety about future trends.
- Demand and Supply Imbalance: With silver designated as a critical mineral by the U.S., demand surged, but high prices pushed regular buyers out of the market, leaving dealers at greater risk and complicating the overall market environment.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.512 | 2.266 | 3.092 | 3.846 | 4.672 | 5.426 | 6.252 |
| Fibonacci | 2.266 | 2.87 | 3.243 | 3.846 | 4.45 | 4.823 | 5.426 |
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