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Zcash price tries to recoup some losses - Forecast today - 03-09-2024

Economies.com
2024-09-03 09:38AM UTC

Zcash’s currency price (ZECUSDT) edged up in the intraday levels, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI, amid the dominance of the downward correctional wave in the short term, with negative pressure from trading below the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the support of $25.35, provided the resistance of $35.65 holds on.

 

Trend forecast: Likely Bearish 

 

Update: Brent oil price declines sharply

Economies.com
2024-09-03 14:12PM UTC

Brent oil price traded with strong negativity to break 75.80$ level and open the way to achieve more decline on the short-term and medium term basis, noting that the next negative station reaches 72.90$, while achieving it required holding below 75.80$.

Update: Crude oil price suffers strong losses

Economies.com
2024-09-03 14:11PM UTC

Crude oil price declined sharply to surpass our waited target at 72.04$ and reach 71.00$ barrier, opening the way to suffer more losses on the intraday and short-term basis, to head towards visiting 70.05$ as a next negative station, noting that holding below 72.04$ is required to confirm the continuation of the bearish trend domination.

Update: Gold price hits the target

Economies.com
2024-09-03 14:11PM UTC

Gold price succeeded to achieve our waited targe tat 2483.40$, noticing that the price attacks this level to attempt to confirm breaking it, which hints heading to achieve more decline and additional negative targets that extend to 2444.00$ areas, to keep the bearish trend dominant in the upcoming sessions unless breaching 2483.40$ and consolidating above it.