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The Dogecoin price action is now being closely examined through the lens of M2 Global Money Supply trends, with a new analysis pointing to a powerful bullish setup. Charts comparing Dogecoin and the M2 global liquidity curve suggest that the meme coin could soon make a decisive move toward $1. At the same time, long-term technical patterns suggest a potential rise toward a market capitalization in the hundreds of billions of dollars. Dogecoin Price And M2 Global Money Supply Signal $1 Breakout On October 4, crypto analyst Bull Bear Spot on X social media highlighted a striking correlation between Dogecoin’s price and the growth of the M2 Global Money Supply. His accompanying chart showed that as M2 liquidity expands worldwide, DOGE tends to follow in tandem, forming a bullish trajectory. The overlay suggests that the meme coin, currently trading around $0.25, may be gearing up for a renewed push toward the $1 milestone, representing a significant surge of approximately 289%. Furthermore, the analyst’s projection and logic are rooted in liquidity cycles. Typically, as central banks and global economies increase their money supply, risk assets, such as cryptocurrencies, often benefit from the spillover of excess capital. Dogecoin’s price structure over time has mirrored these macroeconomic liquidity waves, with previous peaks coinciding with surges in M2 growth, as seen in the chart. According to Bull Bear Spot, DOGE’s current bullish setup indicates that it could “pump at any time,” possibly taking the market by surprise. While Dogecoin is often dismissed as a speculative meme coin, the connection between its price action and global liquidity offers a unique perspective—one where the cryptocurrency could experience one of its most explosive rallies in years if historical patterns repeat. Dogecoin Market Cap Could Hit Hundreds Of Billions Adding to the bullish outlook, crypto market expert EtherNasyonal presented a long-term technical analysis indicating a significant increase in market capitalization. His chart illustrates Dogecoin completing a textbook Cup and Handle formation, a bullish continuation pattern often seen before major upward moves. In his analysis, Dogecoin has already broken above a key resistance line, a level that had capped its price action for months. After the breakout, the meme coin successfully retested this resistance as new support —a critical step in confirming the strength of the breakout. This technical validation sets the stage for what EtherNasyonal calls a potential “DOGE season,” where the coin’s market capitalization could surge toward “$100 billions.” With Dogecoin’s current market cap hovering just under $40 billion, such a move would represent an exponential increase, bringing the meme coin into the same leagues as leading altcoins like Ethereum and Solana. EtherNasyonal’s chart indicates that a confirmed Cup and Handle breakout signals continued momentum that may drive DOGE well beyond previous highs.

Most Read: Gold (XAU/USD) set to challenge $4,000 as prices renew all-time highs in today’s session - Potential targets and price forecast Oil prices have risen at the start of the week after the Organization of the Petroleum Exporting Countries and its allies (OPEC +) once again delivered what I would call a strategic under-delivery of the expected output hike. OPEC+ announced a modest production increase following their recent meeting, agreeing to raise output by 137,000 barrels per day (bpd). Source: LSEG What Does the OPEC + Decision Tell Us? The rise in production may be a signal that OPEC + cares more about keeping supply tight than grabbing extra market share or making oil cheaper for buyers. I for one had been of the school of thought that the increases were partly down to a desire by the group to gain more market share. However, I am beginning to doubt my own narrative. A bump of about 137,000 barrels per day may seem almost nothing in a world that moves millions, yet it holds some psychological weight. It may be read as a small give‑in to political and market pressure while therefore holding members to a disciplined output plan. By choosing a lift below what many expected, OPEC+ probably tried to dodge a sudden plunge a supply surge could cause. Moreover, this defensive stance suggests a stable price floor remains especially crucial for budget health for the member economies. Decoding the Price Action: A Rally Based on Relief, Not Demand Strength Brent crude settled a little above the $65 per barrel line, around $65.30, a level many traders watch as a mental barrier. This jump in price is similar to the one we saw after the last OPEC + meeting, but more from a sigh of relief in the market. Market participants' worries about a “big rise” in supply appear to have eased after the group announced its output decision. The less than expected output increase may have led some to cover short exposure to Oil prices which could in part be behind the rally. The rally was nonetheless welcomed after last week's 8% decline. Navigating a Potential Structural Surplus Moving Forward While OPEC+ successfully managed short-term price volatility, the longer-term outlook remains shadowed by significant structural bearishness. Market sentiment continues to be fundamentally weighed down by "ongoing concerns about oversupply projected into 2026". That worry comes mostly from big rises in non‑OPEC output, like the surge in US shale rigs in Texas and new offshore wells off Brazil. Those sources sit outside the cartel’s cap system, so OPEC+ ends up fighting a tactical cut war while the rest of the world keeps adding barrels. The International Energy Agency tossed out a figure that a record surplus could show up in 2026. If that number sticks, it backs the idea that growth in oil production will beat demand. Prices have slipped year‑to‑date, and a bigger surplus could push them even lower. That would leave OPEC+ with little room to breathe. They may need to carve deep cuts, hurting their own members, to stop prices from falling below the target zones. Yet, some claim a softer approach, hoping demand‑side shifts could balance things out. Technical Analysis - Brent Crude From a technical analysis standpoint, Brent Crude is back above the $65/barrel mark with upside likely to remain limited. There is a host of hurdles just ahead of current price with the 20,50 and 100-day MAs all resting between the 66.71 and 67.58 handle. This confluence zone may prove a tough nut to crack and may cap any attempt at a move higher for Oil prices. Looking at the downside, immediate support below the 65.00 handle may be found at the swing low printed on May 30 which rests at 62.60. Below that, the next key point of interest will be the psychological 60.00 mark which could offer support should price reach those levels. Brent Crude Oil Daily Chart, October 6, 2025 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

In today’s session, gold (XAU/USD) trades at $3960 per troy ounce, up an astounding +1.91%, and has yet again comfortably renewed all-time highs. With gold pricing up over 50% year-to-date, markets now turn their gaze to the key level of $4,000, having only rallied above $3,000 for the first time in history less than seven months ago. As ever, let’s take a look at some of the macro themes affecting precious metal markets, alongside some likely price targets for this week’s trading. Gold (XAU/USD): Key takeaways 06/10/2025 While wind has remained in the sails of precious metals for much of 2025, news of the US government has provided further tailwind to the current rally, with heightened market uncertainty boosting gold prices north of $3950A higher level of market conviction regarding the Federal Reserve’s path to further rate cuts is also boosting gold pricing, with some sources reporting a 92.5% probability that US interest rates will be cut again in the upcoming decisionOtherwise, a persistent feeling of market uncertainty, particularly concerning worldwide sovereign debt, adds to the current precious metals premium Read previous coverage: Gold (XAU/USD) soars to fresh all-time highs in today's session - Potential targets and price forecast Gold (XAU/USD) YTD, OANDA, TradingView, 06/10/2025 Gold blasts above $3,900, posting fresh all-time highs Another day, another session, and another all-time high for the world’s favourite yellow metal Bar one major exception, the fundamental analysis picture for gold remains virtually unchanged from last week’s coverage, with markets remaining demonstrably bullish. While gold and silver pricing continue to impress, let’s break down some significant developments in the last seven days, and, most importantly, how bullion trades within touching distance of $4,000 for the first time in history: US government shutdown: While there will be no prizes for those who correctly predicted the aforementioned exception would be the recent shutdown of the US government, major disruption to the US federal government has proven, somewhat predictably, incredibly positive for gold pricing. @realDonaldTrump, Truth Social, 02/10/2025 While the recent Senate disagreement is not the first time, dare I say, nor the last, that Republicans and Democrats have clashed over government funding, the event is the first of its kind in over six years, adding to a growing feeling of market uncertainty. Market conviction on Federal Reserve easing path: Defying the odds of a staunchly hawkish Federal Reserve for much of 2025, gold has still rallied to new highs multiple times this year. While an increasingly dovish Federal Reserve has been the prevailing narrative for some time, most notably signified by a reduction in interest rates in their September decision, markets are now more convinced than ever that a second rate cut will follow in October, directly benefiting precious metal pricing. CME FedWatch, 06/10/2025 To add a further level of complication, and owing to the aforementioned government shutdown, key economic data reports like nonfarm payrolls, CPI, and PCE have been suspended until further notice, which puts the Federal Reserve in an unenviable position if it wishes to maintain its mandate of ‘both stable prices and maximum sustainable employment’, effectively flying blind. This goes double when considering that extended periods of shutdown can significantly hinder economic performance, providing further rationale for a potential rate reduction. Put simply, the Federal Reserve’s shift from hawkish to dovish has removed a prominent anchor to current precious metal upside, pushing the existing rally even higher. Gold (XAU/USD): Technical Analysis 06/10/2025 Shifting our focus to market technicals, let’s begin by examining the monthly chart, then move on to the daily. Gold (XAU/USD): Weekly (W) chart analysis (06/10/2025): Gold (XAU/USD) W, OANDA, TradingView, 06/10/2025 If I had shown you this chart unlabelled, one would be forgiven for thinking this was the five-minute chart, especially considering the past eight candles or so. While sustained upside, as shown above, is rare on the weekly chart, gold bulls will undoubtedly be pleased with recent performance, with price action virtually parabolic. Having broken out of an upwards channel, with the upper boundary held around $3,602, what followed was an explosive move to the upside, marking fresh all-time highs. While no candlestick structure to the upside could otherwise offer resistance, traders should be aware that a short-term correction remains possible, with the RSI reporting gold pricing as ‘overbought’ for the fourth time this year. Otherwise, should price stage a move higher, we can expect some profit-taking at the key level of $4,000. Price targets and support/resistance levels: Price target 1: Key psychological level: $4,000Price target 2: 78.6% Fib: $4,096Support 1: 78.6% Fib: $3,866Support 2: 61.8% Fib: $3,783Support 3: Previous high: $3,440 While it seems remiss to mention a potential for bearish momentum all things considered, a fall below the 9-day moving average, currently held at $3,629, could encourage bears, albeit few in number at present. Read more about other market rallies: Bitcoin breaks above $125,000 as shutdown fears brings Crypto safe-haven demand Gold (XAU/USD): Daily (D1) chart analysis (06/10/2025): Gold (XAU/USD) D1, OANDA, TradingView, 06/10/2025 At the current pace markets are moving, gold could stage a serious challenge for $4,000 in the next few days. Price targets and support/resistance levels: Price target 1: Key psychological level: $4,000Resistance 1: Upper Bollinger band limit: $3,941Support 1: Consolidation: $3,867Support 2: 9-period Ma: $3,839 With the current upside bookmarked by a 9-21 MA crossover, price is currently testing the upper limit of the 20-day Bollinger band, suggesting a period of consolidation or a retracement towards the baseline is likely to follow recent bullish momentum. If prices do retrace, traders would be well-advised to confirm the response at key levels of support, offering a potential entry point for those looking to enter a long position. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The week kicks off with a familiar pattern for 2025: Tech and metals leading the charge. The Nasdaq extends its dominance, officially breaking above the 25,000 mark and up roughly 1% as I write this piece. Cryptocurrencies follow suit (they correlate very well with Tech in general), while Metals also join the positive mood amid continued “everything rally” momentum. Flows remain heavily concentrated in growth and innovation-linked assets, as markets appear to be pricing not just this year’s optimism, but the next five years of transformation — where AI, automation, and digital infrastructure take center stage. The chip and tech manufacturing boom, tightly linked to commodity demand, continues to underpin this broad advance in industrial metals, in a self-fulfilling prophecy. (There is some small profit-taking towards the close, watch the open tomorrow) US Equity heatmap – October 6, 2025 – Source: TradingView However, some divergences are forming: European equities opened weaker amid renewed French political instability (5 Prime Ministers in 21 months!), and the Dow Jones lags as defensive and cyclical sectors — particularly healthcare and consumer staples — struggle to keep up with the market’s tech-fueled optimism. The US shutdown could be starting to affect the mood a bit. The Japanese Nikkei is also an outstander, up a sneaky 5% with the LDP election results. Anyway, let’s explore intraday charts for the Dow Jones, Nasdaq, and S&P 500. Read More: Bitcoin breaks above $125,000 as shutdown fears brings Crypto safe-haven demandMarkets Today: Gold Smashes $3900/oz, Bitcoin Hits Fresh Highs as Japan Election Triggers Frenzy. DAX Eyes Potential RallyPrecious metals break new records to close the week – Gold (XAU) and Silver (XAG) outlookUS Index analysis and levels: Dow Jones, Nasdaq and S&P 500Dow Jones 8H Chart Dow Jones 8H Chart, October 6, 2025 – Source: TradingView The Dow Jones is much more resilient than its ever-rallying peers and tends to move slow before exploding higher on positive news like FED cuts and dovish data in general, when looking at the trading for the past year. Sellers brought the index back into the Rising Wedge right after breaching the 47,000 level on Friday, not an amazing sign for bulls but the overall mood still doesn't seem too pessimistic and dip-buyers did lead a recovery from a worse weekly open. Some Fibonacci/Technical hurdles are suspects for this profit-taking overall – bulls will have to break and close above the 47,160 level. Momentum is still bullish overall, but particularly more in the other indices which we will be preparing. Dow Jones technical levels of interest Resistance Levels Current All-time high 47,105ATH Resistance Zone 47,000 to 47,160 (+/- 150 pts) - Acted as resistanceHigh of weekly channel at 48,000Support Levels Preceding resistance now pivot 46,400 to 46,83046,000 level momentum Pivot now support45,000 psychological level44,400 to 44,500 Main SupportNasdaq 8H Chart Nasdaq 8H Chart, October 6, 2025 – Source: TradingView Nasdaq is rising yet again to new record levels in a 1% higher run, with the current candles. showing some form of slowing – A mini-bullish hammer should be forming if things stay as they are in the upcoming hour. The rally in tech is propulsed by the typical names like Google, Microsoft and even more favorable headlines like the AMD multi-billion dollar deal with OpenAI, taking the individual name up 32% at its highs during the session. Momentum is showing some divergence however with some RSI peaks and a current decrease. Bulls will have to watch the 25,100 level which presents some Fibonacci hurdles. Watch how prices reach that level for further clues. Nasdaq technical levels of interest Resistance Levels current ATH 25,082Psychological level and ATH Resistance fib-Extension around 25,0001.618 potential resistance around 25,300 (high of channel)Support Levels Current momentum Pivot 24,800Support 24,200 to 24,350August 12 ATH zone turning support (23,950 to 24,020)23,000 Key SupportEarly 2025 ATH at 22,000 to 22,229 SupportS&P 500 8H Chart S&P 500 8H Chart, October 6, 2025 – Source: TradingView The S&P 500 is showing some hesitancy in the past 10 candles, moving sideways between 6,715 and 6,760 (current All-time high for the index). Bulls will have to also be decisive in these flows leading a breakout above 6,760 to pursue the road higher and avoid a retest of lower level. One observation is how the 8H MA 50 has held all the past few rebounds and is one of the key parameter to watch in the upcoming weeks, particularly in case of a retracement. The mood is still positive, but stay ready for volatility. S&P 500 Trading Levels: Resistance Levels 6,760 (new All Time-Highs)Key current Resistance 6,745 to 6,760potential resistance (1.618 fib - 6,790 to 6,800)Support Levels 6,715 mini-support (low of current consolidation)6,570 to 6,600 Key Pivot and channel lows (recent rebound 6,586)6,400 Main Support6,210 to 6,235 Main Support (August NFP Lows) Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

G Mining Ventures (TSX: GMIN) said Monday it will decide this month whether to proceed with the Oko West project in Guyana after securing up to $537.5 million in development and construction financing. A $350 million revolving credit facility, with a so-called “accordion feature” for another $150 million available post-closing, and $37.5 million in equipment financing through Komatsu Finance are all part of the financing package, G Mining said Monday. National Bank of Canada and Australia’s Macquarie Bank will act as joint bookrunners and co-lead arrangers of the credit facility, with Bank of Montreal, ING Capital, Royal Bank of Canada, Citibank and CIBC also taking part. Oko West is one of two projects that G Mining is counting on to anchor future output. The other, Brazil’s Tocantinzinho, started producing gold in September 2024, with the company already booking cash flow. “With these financing arrangements in place, together with strong cash flow from the Tocantinzinho mine, we now have the financial resources required to bring Oko West into production,” said chief financial officer Julie Lafleur. “This entirely non-dilutive package increases financial capacity, provides additional flexibility, and reflects the confidence of National Bank, Macquarie, Komatsu Finance and the broader syndicate in our ability to deliver.” G Mining shares rose 7.7% to a record C$31.75 Monday afternoon in Toronto, boosting the company’s market value to about C$7.2 billion. Buoyed by rising gold prices, the stock has more than doubled since the start of the year. Shovel ready With financing now in place and an environmental permit from Guyana’s Environmental Protection Agency obtained Sept. 2, G Mining said Monday it’s positioned to make a final investment decision on the project later this month. The company will outline the forecasted initial capital cost, investment incurred to date and remaining expenditures through to completion. Some $909 million of capital expenditures remain for Oko West, according to a company presentation to investors dated September. At a 5% discount rate, Oko West would generate a post-tax net present value (NPV) of $2.2 billion and a post-tax internal rate of return (IRR) of 27%, G Mining said in April. That’s a 58% improvement in NPV compared with the preliminary economic assessment that the company issued in September 2024. Located about 120 km southwest of Guyana’s capital Georgetown, Oko West will integrate both conventional open pit mining and mechanized long-hole open stoping for the underground mine. Big deposit Indicated mineral resources at Oko West total 80.3 million tonnes grading 2.1 grams gold per tonne for 5.4 million oz. of contained metal, G Mining said earlier this year. Gold contained in the indicated category represents 93% of the global resource. Inferred resources total 5.1 million tonnes grading 2.36 grams gold for about 400,000 oz. of contained metal. Oko West’s construction is forecast to take 34 months, G Mining said in April. Commercial gold production would begin in the first half of 2028. G Mining envisions a payback period of 2.9 years if gold averages $2,500 per ounce. Initial capital expenditures are projected to be $972 million, a 4% increase from the $936 million that was estimated last year. The new credit facility will have an initial term of up to three years from closing. G Mining will pay the Secured Overnight Financing Rate plus a 0.1% credit spread adjustment and an applicable margin ranging from 2.75% to 3.75%, depending on the company’s net leverage ratio.

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader. #instaforex #analysis #sebastianseliga The material has been provided by InstaForex Company - www.instaforex.com

Investment flows into crypto exchange-traded products surged to a record level last week, signaling strong demand from large investors. According to CoinShares, crypto ETPs drew close to $6 billion in new money in the week that ended Friday, the biggest weekly inflow on record. Bitcoin led the move, taking in $3.6 billion alone as traders and funds piled into BTC offerings. Bitcoin Dominates The Week’s Inflows Reports have disclosed that the latest total beat the prior high of $4.4 billion by about 35%. The week’s gains were not evenly spread. While earlier records had been split more between Bitcoin and Ether, this time Bitcoin funds attracted the lion’s share. Ether ETPs still registered strong interest, adding $1.48 billion and bringing year-to-date inflows for Ether to roughly $13.7 billion. Solana ETPs pulled in $706.5 million, and XRP products saw $219 million. These figures show that investors are putting fresh capital into a range of crypto products, even as BTC takes the lead. Macro Headlines Drove Fresh Buying Based on reports, traders pointed to a mix of macro events that likely pushed allocations into crypto. A recent cut to interest rates by the Fed, weaker-than-expected employment numbers, and concerns about a US government shutdown were all cited by market watchers as triggers. Some investors treated crypto as an alternative play while political and economic worries persisted. Markets reacted fast. Bitcoin climbed above $125,000 during the week, a move that pushed total crypto assets under management past $250 billion, reaching a little over $254 billion. Technical Readings And Analyst Targets Add Fuel According to market analysts and on-chain data observers, the supply of Bitcoin on exchanges has dropped to levels not seen in six years. That trend is often read as holders choosing to keep coins off market platforms, which can reduce selling pressure. Glassnode’s pricing bands were used by some analysts to argue that Bitcoin was holding a key support area and that upside toward $139,800 was possible if that support stayed intact. Another forecast mentioned a lower time horizon at around $135,000. These targets were used in the market commentary, and they helped shape market expectations during the move up. Trading flows, too, indicated a clear bias: investors were generally long. As James Butterfill, head of research at CoinShares, describes, buyers did not even turn to short investment products at price highs. If this behavior does not reflect an intent to hedge against the uptick, then it reflects confidence that the asset continues to appreciate. Featured image from Unsplash, chart from TradingView

GBP/USD Brief Analysis: On the chart of the British pound major, the main trend throughout this year has been driving the pair upward. Over the past three months, the middle part (B) has been forming as a horizontal flat along the upper boundary of a powerful potential reversal zone. It remains unfinished. Weekly Forecast: At the start of the week, a pullback of the British pound toward the resistance zone is likely. Afterward, a reversal can be expected. By the end of the week, the pair may resume its downward price movement. The support zone indicates the lowest expected weekly range for the pair. Potential Reversal Zones: Resistance: 1.3520/1.3570Support: 1.3270/1.3220Recommendations: Purchases: Possible during individual sessions with reduced volume size; upside is capped by resistance.Sales: Relevant after reversal signals appear near the resistance zone on your trading systems (TS).AUD/USD Brief Analysis: In the Australian dollar market, a corrective wave is developing within the dominant uptrend. This unfinished section has been in play since September 11. The wave structure lacks the final part (C). The price is currently near a strong support/resistance level. Weekly Forecast: In the coming week, AUD/USD is expected to move within a channel between opposing zones. After possible pressure on the support zone early in the week, a reversal and rise to resistance may follow. A brief breakout below support cannot be excluded. Potential Reversal Zones: Resistance: 0.6670/0.6720Support: 0.6550/0.6500Recommendations: Purchases: Possible after confirmed reversal signals near support.Sales: Low potential, risky for the deposit.USD/CHF Brief Analysis: The upward wave that started in early April continues to dominate USD/CHF. Its structure develops as a shifting flat. Most of the time, the price has been moving near the boundaries of a large monthly reversal zone. The wave still lacks the final part (C). Weekly Forecast: In the coming days, mostly sideways movement is expected. A pullback toward resistance is possible. A renewed decline is likely afterward. A breakout beyond the support/resistance boundaries is unlikely. Potential Reversal Zones: Resistance: 0.8090/0.8140Support: 0.7860/0.7810Recommendations: Purchases: Very limited potential, high risk of losses.Sales: Possible in fractional volumes after reversal signals near resistance.EUR/JPY Brief Analysis: The current upward wave structure for EUR/JPY began in late February. Since last week, the final part (C) has been developing but remains incomplete. The price has reached the boundaries of a potential reversal zone on the weekly timeframe. Weekly Forecast: At the start of the week, sideways movement with an upward bias is expected. Price growth is unlikely to exceed resistance. By the end of the week, a reversal and decline are probable. Potential Reversal Zones: Resistance: 176.30/176.80Support: 172.90/172.40Recommendations: Purchases: Possible intraday with fractional volumes; potential capped by resistance.Sales: Possible after confirmed reversal signals near resistance.EUR/GBP Analysis: The weekly EUR/GBP chart shows a descending flat forming since April. In recent weeks, price has been drifting sideways within a corridor formed over the past two months. Forecast: Sideways movement is likely to continue in the coming days. A price rise is possible, with temporary pressure on resistance. A reversal and resumption of the downtrend toward support is expected afterward. Potential Reversal Zones: Resistance: 0.8760/0.8810Support: 0.8600/0.8550Recommendations: Purchases: Limited potential, reduce volume size.Sales: Main trade direction after reversal signals near resistance.#Ethereum Analysis: Since late August, Ethereum has been in a downward wave forming a shifting flat. Its potential already exceeds the retracement of the previous trend segment. The current unfinished section is bullish and started on September 25. Price is moving in a narrow corridor between two opposing zones. Forecast: At the start of the week, an upward move is expected. Near resistance, a halt and reversal conditions may form. By the end of the week, increased volatility and renewed decline are likely. Potential Reversal Zones: Resistance: 4730.0/4830.0Support: 4270.0/4170.0Recommendations: Purchases: Risky, may lead to losses.Sales: Possible with reduced volume size after reversal signals appear near resistance.US Dollar Index Brief Analysis: The short-term bearish trend of the U.S. Dollar Index, which began in early August, continues. Price has broken through intermediate support, which has now become resistance. The wave structure is in the middle part (B). Before continuing its decline, the index needs to complete this correction. Weekly Forecast: In the first half of the week, sideways movement is most likely. An upward move toward resistance is possible. Afterward, the dollar's decline should resume. Potential Reversal Zones: Resistance: 98.40/98.90Support: 97.40/96.90Recommendations: The dollar's decline is expected to continue in the coming weeks. Betting on the growth of majors carries risks. It is optimal to remain in short positions on major pairs until reversal signals for the Dollar Index appear. Notes: In Simplified Wave Analysis (SWA), all waves consist of 3 parts (A-B-C). On each timeframe, the last unfinished wave is analyzed. Dashed lines show expected movements. Attention: The wave algorithm does not account for the duration of movements over time! The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD Analysis: The euro quotes continue to move within an uptrend. Over the past two weeks, a downward zigzag has formed from the resistance zone. Currently, the price is moving between intermediate support and strong resistance, forming a correction. Its structure is not yet complete. Forecast: In the coming week, the recent decline is expected to finish near the calculated support area. After that, a reversal may form. In the second half of the week, the price is likely to resume its upward move, pushing the pair toward the calculated resistance zone. Potential Reversal Zones: Resistance: 1.1810/1.1860Support: 1.1660/1.1610Recommendations: Sales: Low potential, reduced position size.Purchases: Possible with a fractional lot after reversal signals appear near the support zone.USD/JPY Analysis: Since early August, a reversal model has been developing in the Japanese yen market, which will eventually result in a trend change of the yen against the U.S. dollar. The wave takes the form of an extended flat, with its final part (C) in progress. The structure is not yet complete. Near the calculated resistance lies the lower boundary of a powerful potential reversal zone on a higher timeframe. Forecast: At the start of the coming week, continued upward movement is likely, with the price reaching the resistance boundary. Afterward, a reversal and renewed decline may follow. The greatest volatility is expected after the release of economic news. Potential Reversal Zones: Resistance: 150.60/151.10Support: 148.50/148.00Recommendations: Sales: Possible after reversal signals appear near the resistance zone on your trading systems (TS).Purchases: Low potential, may turn unprofitable.GBP/JPY Analysis: The GBP/JPY pair has been trending upward for the past two years. In the short term, an incomplete corrective phase has been developing since mid-August. Its structure is not yet finished. Forecast: In the coming days, continued upward movement is expected, with price reaching the calculated resistance area. In the second half of the week, conditions for a reversal and renewed decline may form. The support zone marks the lower boundary of the pair's likely weekly range. Potential Reversal Zones: Resistance: 203.00/203.50Support: 200.00/199.50Recommendations: Purchases: Possible in fractional volumes during individual sessions, but growth potential is limited.Sales: Not relevant until confirmed reversal signals appear on your TS.USD/CAD Analysis: Weekly-scale analysis of the Canadian dollar shows an upward zigzag developing since late August. The wave structure forms a shifting flat. Over the past two weeks, the final part (C) has been developing. The preliminary target zone is located at the lower edge of a potential reversal area. Forecast: In the first days of the coming week, sideways price movement is likely, with a possible rise to the calculated resistance boundary. The second half of the week is expected to be more volatile, with increased activity and the beginning of a decline in the pair. Potential Reversal Zones: Resistance: 1.4010/1.4060Support: 1.3850/1.3800Recommendations: Purchases: No conditions for such trades in the coming days.Sales: May be used after reversal signals appear near the resistance zone.EUR/CHF Analysis: Since April this year, the euro/Swiss franc pair has been trending upward. Chart extremes form a horizontal pennant. Within the wave, the middle part (B) is developing and is not yet complete. The preliminary target zone lies at the lower edge of the potential reversal area. Forecast: At the start of the week, a flat market with a downward vector is likely. Price may decline to the support level, where conditions for a reversal and renewed growth could form. Potential Reversal Zones: Resistance: 0.9390/0.9440Support: 0.9280/0.9230Recommendations: Purchases: Relevant after reversal signals appear near the support level.Sales: Limited potential, reduced position size.Gold Analysis: Since August this year, gold's short-term trend has been upward. On a larger timeframe, this section of the chart forms the final part of an upward impulse. Since late September, quotes have been correcting in a sideways flat, which is not yet complete. Forecast: At the start of the coming week, the upward move is expected to finish. Afterward, a reversal may form near the resistance zone, with renewed downward movement toward the calculated support boundaries. Potential Reversal Zones: Resistance: 4005.0/4025.0Support: 3890.0/3870.0Recommendations: Purchases: Premature until the correction is fully complete.Sales: Possible in fractional volumes after confirmed reversal signals appear near the resistance zone.Notes: In Simplified Wave Analysis (SWA), all waves consist of 3 parts (A-B-C). On each timeframe, the last unfinished wave is analyzed. Dashed lines indicate expected movements. Attention: The wave algorithm does not account for the duration of movements over time! The material has been provided by InstaForex Company - www.instaforex.com

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months, but in recent weeks it has taken on a more complex form. It is still too early to conclude that the upward section of the trend has been canceled, but a new decline in the European currency would require adjustments. The upward section of the trend continues to form, while the news background largely does not support the dollar. The trade war initiated by Donald Trump continues. The confrontation with the Fed continues. Market expectations for a dovish Fed rate policy are growing. A government shutdown has begun in the U.S. The market rates the results of Donald Trump's first 7–8 months in office quite low, even though GDP growth in the second quarter was nearly 4%. At this point, it can be assumed that impulse wave 5 is still forming, with targets possibly reaching as high as the 1.25 level. Within this wave, the structure is rather complex and ambiguous, but on a larger scale it does not raise particular questions. At present, three waves upward are visible, which means the instrument is in the process of forming wave 4 within wave 5, taking the form of a three-wave structure that may already be complete. The EUR/USD pair fell by nearly 100 basis points in the first half of Monday but quickly recovered with the U.S. session opening. In my recent reviews, I have regularly mentioned that neither the wave structure nor the news background implies a decline in the euro. Certainly, some reports or events provide support for sellers, and they try to take advantage of them from time to time. But overall, the circumstances work against the U.S. currency. In recent weeks, the U.S. dollar has held up relatively well, considering the news flow that could have caused a new collapse. Let me remind you that a government shutdown is quite a significant reason for reduced demand for the dollar. The new "cooling" of the U.S. labor market (according to the ADP report) is a strong reason to expect monetary easing by the Fed in both October and December. Falling or low business activity points to an overall economic slowdown, since business activity indices are leading indicators. Based on all of the above, the euro's position looks quite stable, despite the new political crisis in France. However, it should be noted that a political crisis is not the same as a shutdown or an economic crisis, which have a direct and concrete negative impact on the economy. Therefore, the situation with the appointment of a fifth prime minister in France in the last two years is not a strong driver for a fall in the euro. I still remain inclined toward buying the euro. General ConclusionsBased on the EUR/USD analysis, I conclude that the pair continues forming an upward section of the trend. The wave structure still depends entirely on the news background related to Trump's decisions, as well as the foreign and domestic policy of the new White House administration. The targets of the current trend section could extend up to the 1.25 level. At present, a corrective wave 4 is forming, which may already be complete. The upward wave structure remains intact. Therefore, in the near term, I consider only long positions. By the end of the year, I expect the euro to rise to 1.2245, which corresponds to 200.0% Fibonacci. On a smaller scale, the entire upward section of the trend is visible. The wave structure is not the most standard, as the corrective waves vary in size. For example, the larger wave 2 is smaller in size than the internal wave 2 within wave 3. But such cases also occur. Let me remind you that it is better to highlight clear structures on the charts rather than force a label onto every wave. At this point, the upward structure raises almost no doubts. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are difficult to trade and often lead to changes.If there is no confidence in the market situation, it is better to stay out.There is never 100% certainty about market direction. Always remember protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

Trade analysis and recommendations for trading the Japanese yen The test of the 150.06 level in the first half of the day occurred when the MACD had already moved far below the zero mark, which, in the context of such a strong uptrend, limited the pair's downward potential. The second test of 150.06, when the MACD was in the oversold area, allowed Scenario #2 for buying to play out, resulting in a rise of more than 40 points. In the second half of the day, no U.S. data is expected, so pressure on the yen may persist, especially after the news about who became the new Prime Minister of Japan. The market is closely watching every detail in an effort to assess possible changes in monetary policy and fiscal stimulus that the new head of government may propose. Any signal of a potential shift away from the currently restrictive policy of the Central Bank could cause a sharp fall in the yen. This morning, the almost guaranteed appointment of Sanae Takaichi as Japan's next prime minister shook the country's financial markets, as traders bet that she would adopt additional measures to stimulate the economy. The yen lost 1.8% against the dollar, surpassing 150 points, and reached a historic low against the euro. As for the intraday strategy, I will rely more on the implementation of Scenarios #1 and #2. Buy Signal Scenario #1: Today, I plan to buy USD/JPY around the entry point of 150.53 (green line on the chart) with the goal of rising to 150.97 (thicker green line on the chart). Around 150.97, I will exit long positions and open shorts in the opposite direction, expecting a movement of 30–35 points in the opposite direction. Further growth of the pair can be expected in continuation of the morning trend. Important! Before buying, make sure the MACD indicator is above the zero mark and just starting its upward movement. Scenario #2: I also plan to buy USD/JPY today if the 150.26 level is tested twice in a row, at the moment when the MACD indicator is in the oversold area. This will limit the pair's downward potential and lead to a market reversal upward. Growth toward the opposite levels of 150.53 and 150.97 can be expected. Sell Signal Scenario #1: Today, I plan to sell USD/JPY after breaking below the 150.26 level (red line on the chart), which should lead to a rapid decline in the pair. The key target for sellers will be 149.98, where I plan to exit shorts and immediately open longs in the opposite direction, expecting a 20–25 point move upward from that level. Pressure on the pair may persist if weak data emerges. Important! Before selling, make sure the MACD indicator is below the zero mark and just starting its downward movement. Scenario #2: I also plan to sell USD/JPY today if the 150.53 level is tested twice in a row, at the moment when the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a downward reversal. A decline toward the opposite levels of 150.26 and 149.98 can be expected. On the Chart: Thin green line – entry price for buying the trading instrument.Thick green line – estimated price where Take Profit can be set, or profit can be taken manually, since further growth above this level is unlikely.Thin red line – entry price for selling the trading instrument.Thick red line – estimated price where Take Profit can be set, or profit can be taken manually, since further decline below this level is unlikely.MACD indicator – when entering the market, it is important to use overbought and oversold zones as guidance.Important Note for Beginners: Beginner traders in the Forex market should be very cautious when making decisions about entering the market. Before the release of important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during news releases, always set stop orders to minimize losses. Without stop orders, you can very quickly lose your entire deposit, especially if you don't use money management and trade with large volumes. And remember, for successful trading you must have a clear trading plan, like the one I presented above. Spontaneous trading decisions based on the current market situation are an inherently losing strategy for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade analysis and recommendations for trading the British pound The test of the 1.3451 price level coincided with the moment when the MACD indicator had just started moving upward from the zero mark, which confirmed a correct entry point for buying the pound. However, after a 10-point rise, selling pressure returned to the pair. Although the UK construction sector PMI declined, its reading of 46.2 exceeded analysts' expectations. Positive dynamics have persisted for three months, fueling optimism about a potential recovery in business activity in the near term. The moderate decline in housing construction is a result of the Bank of England's interest rate cuts in recent months. Government initiatives to support mortgage lending and stimulate housing demand also appear to be bearing fruit. In addition, a slight drop in the prices of some building materials has helped reduce project costs somewhat. Overall, the situation in the UK construction sector remains mixed. The better-than-expected PMI is a positive signal, but sustainable recovery will require overcoming several serious challenges, including labor shortages and uncertainty in the macroeconomic environment. Since no U.S. data is expected in the second half of the day, the GBP/USD pair may continue to trade within its channel. For this reason, technical factors will prevail. Important support and resistance levels, as well as chart patterns, may influence price movements. A breakout of a key level could trigger further movement in the direction of the breakout. As for the intraday strategy, I will rely more on the implementation of Scenarios #1 and #2. Buy Signal Scenario #1: Today, I plan to buy the pound around the 1.3456 entry level (green line on the chart) with the goal of rising to 1.3481 (thicker green line on the chart). Around 1.3481, I will exit long positions and open shorts in the opposite direction, expecting a movement of 30–35 points in the opposite direction. A strong rise in the pound is unlikely today. Important! Before buying, make sure the MACD indicator is above the zero mark and just starting its upward movement. Scenario #2: I also plan to buy the pound today if the 1.3421 level is tested twice in a row, at the moment when the MACD indicator is in the oversold area. This will limit the pair's downward potential and lead to a market reversal upward. Growth toward the opposite levels of 1.3456 and 1.3481 can be expected. Sell Signal Scenario #1: I plan to sell the pound today after breaking below the 1.3421 level (red line on the chart), which should lead to a rapid decline in the pair. The key target for sellers will be 1.3387, where I plan to exit shorts and immediately open longs in the opposite direction, expecting a movement of 20–25 points upward from that level. The pound may experience a sharp drop in the second half of the day. Important! Before selling, make sure the MACD indicator is below the zero mark and just starting its downward movement. Scenario #2: I also plan to sell the pound today if the 1.3456 level is tested twice in a row, at the moment when the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a downward reversal. A decline toward the opposite levels of 1.3421 and 1.3387 can be expected. On the Chart: Thin green line – entry price for buying the trading instrument.Thick green line – estimated price where Take Profit can be set, or profit can be taken manually, since further growth above this level is unlikely.Thin red line – entry price for selling the trading instrument.Thick red line – estimated price where Take Profit can be set, or profit can be taken manually, since further decline below this level is unlikely.MACD indicator – when entering the market, it is important to use overbought and oversold zones as guidance.Important Note for Beginners: Beginner traders in the Forex market should be very cautious when making decisions about entering the market. Before the release of important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during news releases, always set stop orders to minimize losses. Without stop orders, you can very quickly lose your entire deposit, especially if you don't use money management and trade with large volumes. And remember, for successful trading you must have a clear trading plan, like the one I presented above. Spontaneous trading decisions based on the current market situation are an inherently losing strategy for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade analysis and recommendations for trading the European currency The test of the 1.1697 price level coincided with the moment when the MACD indicator had just started moving downward from the zero mark, which confirmed a correct entry point for selling the euro and resulted in a 30-point drop in the pair. The resignation of yet another French prime minister and weak eurozone data led to a decline in the euro in the first half of the day. The current political situation raises many questions about the ability of politicians to agree on next year's budget, which is an additional concern for an already weak pace of economic growth in the country. At the moment, France's political forces are engaged in intensive negotiations on further actions. Early parliamentary elections are being considered as one of the most likely scenarios, but this decision is fraught with even greater destabilization of the political situation. Another option is the appointment of a new prime minister capable of forming a coalition government and ensuring the adoption of necessary laws. Since no U.S. economic data is expected in the second half of the day, market participants will continue to focus on events in France. The geopolitical environment will also be an important factor when making trading decisions. As for the intraday strategy, I will rely more on the implementation of Scenarios #1 and #2. Buy Signal Scenario #1: Today, buying the euro is possible around the price level of 1.1684 (green line on the chart) with the target of rising to 1.1708. At 1.1708, I plan to exit the market and also sell the euro in the opposite direction, expecting a movement of 30–35 points from the entry point. A strong upward move in the euro today is unlikely. Important! Before buying, make sure the MACD indicator is above the zero mark and just starting its upward movement. Scenario #2: I also plan to buy the euro today if the 1.1653 price level is tested twice in a row, at the moment when the MACD indicator is in the oversold area. This will limit the pair's downward potential and lead to a market reversal upward. Growth toward the opposite levels of 1.1684 and 1.1708 can be expected. Sell Signal Scenario #1: I plan to sell the euro after it reaches the 1.1653 level (red line on the chart). The target will be 1.1625, where I plan to exit the market and immediately buy in the opposite direction (expecting a 20–25 point move upward from that level). Selling pressure on the pair may return at any moment today. Important! Before selling, make sure the MACD indicator is below the zero mark and just starting its downward movement. Scenario #2: I also plan to sell the euro today if the 1.1684 level is tested twice in a row, at the moment when the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a downward market reversal. A decline to the opposite levels of 1.1653 and 1.1625 can be expected. On the Chart: Thin green line – entry price for buying the trading instrument.Thick green line – estimated price where Take Profit can be set, or profit can be taken manually, since further growth above this level is unlikely.Thin red line – entry price for selling the trading instrument.Thick red line – estimated price where Take Profit can be set, or profit can be taken manually, since further decline below this level is unlikely.MACD indicator – when entering the market, it is important to use overbought and oversold zones as guidance.Important Note for Beginners: Beginner traders in the Forex market should be very cautious when making decisions about entering the market. Before the release of important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during news releases, always set stop orders to minimize losses. Without stop orders, you can very quickly lose your entire deposit, especially if you don't use money management and trade with large volumes. And remember, for successful trading you must have a clear trading plan, like the one I presented above. Spontaneous trading decisions based on the current market situation are an inherently losing strategy for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

The “Takaichi Trade” Tokyo Japan The “Takaichi Trade” Explained Global markets have already coined a new phrase called the “Takaichi Trade.” It refers to the market reaction following the election of Japan’s new Prime Minister, Sanae Takaichi, who is widely seen as a supporter of former leader Shinzō Abe’s economic strategy known as Abenomics. While it’s still unclear how closely Takaichi will follow Abe’s playbook, traders have wasted no time expressing their views by buying Japanese stocks, selling the yen (JPY), and selling bonds. The move reflects expectations of policies favoring growth, stimulus, and a weaker yen, all hallmarks of the Abenomics era. (NEWSQUAWK PREVIEW: Japanese LDP Leadership Election, 4th October 2025) Tokyo Japan What Is Abenomics? Abenomics refers to the economic policy framework introduced by former Prime Minister Shinzō Abe in 2012. Its goal was to revive Japan’s sluggish economy, which had suffered decades of deflation and weak growth. Abe’s strategy foicused on three parts: 1. Monetary Easing – The Bank of Japan (BoJ) massively expanded the money supply, driving down interest rates and weakening the yen to support exports. 2. Fiscal Stimulus – Increased government spending on infrastructure and domestic projects aimed to boost demand and create jobs. 3. Structural Reforms – Reforms in labor markets, trade, and corporate governance were intended to increase long-term productivity and competitiveness. The Challenge for Takaichi Times have changed. Japan is no longer in deflation — consumer prices are rising 2.7% year-over-year, while core CPI (excluding fresh food) is up 3.5%. The IMF forecasts Japan’s 2025 GDP growth at just 0.6%, reflecting a fragile recovery amid global uncertainty. The Bank of Japan, after years of ultra-loose policy, has begun raising interest rates, a sharp departure from the Abenomics era. This creates a potential policy clash. Will Takaichi push for renewed stimulus, or respect the BoJ’s efforts to normalize policy? Global Pressures and Political Risks The return of Trump’s tariffs adds another layer of uncertainty. Japan’s export-driven economy could face headwinds if U.S. trade barriers rise again. Moreover, any aggressive attempt by Tokyo to weaken the yen could draw sharp criticism from Washington, just as it did in past cycles. Market Reaction: Cautious Optimism The immediate reaction to Takaichi’s victory shows markets are betting on continuity rather than change: • JPY fell sharply, signaling expectations of looser monetary to support exports. • Japanese government bonds sold off, pushing yields higher. • The Nikkei surged to record highs, as investors priced in renewed economic support. USDJPY 1 HOUR CHART (opening week gap) However, politically driven market moves can be short-lived and volatile. The next phase will depend on how Takaichi defines her version of Abenomics and whether she leans toward monetary and fiscal expansion or focuses on structural reform. Bottom Line, the “Takaichi Trade” captures the market’s early enthusiasm for a potential return to pro-growth, yen-weakening policies. But with inflation above target, the BoJ tightening, and global trade tensions rising, the new prime minister faces a delicate balancing act. For traders, that means one thing: watch the headlines! The degree to which Takaichi revives Abenomics could determine the next big move in JPY, Japanese stocks, and bonds. Read more on Asahi Shimbun The post The “Takaichi Trade”: Markets Bet on a Return to Abenomics Under Japan’s New Prime Minister appeared first on Forex Trading Forum.

SwissBorg founding partner Alex Fazel believes the market is entering a multi-year, structurally different bull phase that could deliver “generational wealth,” laying out what he called an “alt season bible” for 2025–2026 in a wide-ranging interview with Altcoin Daily. Speaking in a probabilistic framework, Fazel argued that the confluence of a strengthening business cycle, easier monetary policy, and twin technology booms in crypto/Web3 and artificial intelligence creates the same kind of tailwinds that powered the post-dot-com “recovery cycle” in equities. “I really want to prove to everyone that this is the biggest cycle and the biggest chance for everyone to generate generational wealth,” he said, adding that his views are expressed in probabilities rather than certainties. The 2025–26 Crypto Altcoin Cycle Will Be Historic Fazel’s market structure thesis centers on a familiar rotation: Bitcoin leading, followed by Ethereum and the top-cap cohort, and then a broader dispersion into mid- and small-caps as Bitcoin dominance rolls over. He insisted that the current advance lacks the hallmark “euphoria stage”—a late-cycle condition he considers statistically common and, therefore, still ahead. “It is extremely rare… to have a bull cycle without euphoria,” he said, noting that sizable drawdowns will punctuate the trend without invalidating it. “We won’t see a long bear market anymore… We’re going to see a very extended bull run but with really big corrections along the way.” To gauge cycle magnitude, Fazel prefers total crypto market capitalization over date-calling. He mapped prior expansions—roughly 45x from 2014 to 2017 and ~27x into 2021—into a conservative inference that a 2x–3x from the last cycle’s ~$3 trillion top would imply a $6–$9 trillion total capitalization before this run is exhausted. That—along with a still-missing euphoria phase—forms one of his primary exit heuristics. “Rather than just thinking about how long, look at how high,” he said. On sector leadership, Fazel’s team compiled a year-over-year basket (September 2024 to early September 2025) of tokens that outperformed Bitcoin on sustained timeframes to filter out “pump-and-dump noise.” The list he highlighted was dominated by DeFi and exchange-adjacent assets: Virtuals (AI-agent) with a 20x,Hyperliquid’s HYPE 7x, Sui and its DeepBook DEX as strong performers, Curve and Ethena Labs 2.5x–3x, SwissBorg’s BORG ~2.5x, and Raydium. His conclusion was blunt: “DeFi is the best sector to invest in,” with exchange tokens repeatedly among the most resilient leaders since 2018 due to clear product-market fit in speculation and fee generation. Fazel stitched those returns to an explicit capital-flows mechanism: buybacks. He showed a positive correlation, in his view, between top token performers and sustained buyback programs, and drew a parallel to equities where many of the cycle’s strongest stocks—including AI bellwethers—have announced large, continuing repurchases. He cautioned, however, that buybacks can be overwhelmed by emissions. “If you have $20 million buying the token, but an airdrop is emitting $53 million, do the math,” he said, citing this dynamic to explain why some well-known tokens underperformed despite revenue. What Else To Look For On Altcoins From there, he proposed a simple four-quadrant framework for token “pumpamentals”: clear utility that investors perceive as valuable; loyalty via locking; strong, sustainable, and scalable buybacks; and burns or other mechanisms that reduce float. Layer-1s, he argued, typically tick only the first two boxes and still rely on inflationary issuance for staking yields. By contrast, exchange tokens and some DeFi assets can check all four—particularly if fee-linked buybacks are hard-wired, ongoing, and diversified across product lines. Fazel also outlined an increasingly prominent buyer cohort of digital asset treasuries (DATs)—public companies that raise in fiat and accumulate crypto for their balance sheets—observing that this structure can “pump the stock and the token.” He pointed to high-profile examples in Bitcoin and Ethereum, stressing that balance-sheet accumulation simultaneously adds buy pressure and removes sell pressure. More broadly, he framed today’s market as a “supercycle” moment because retail, institutions, and corporate treasuries are now converging on crypto exposure—initially in BTC and ETH, but progressively further out the risk curve as confidence grows. Much of Fazel’s playbook is operational at SwissBorg itself. He disclosed that the company, founded in 2017 and now at “300+ employees” and “$2.4 billion” in assets under management, has shifted to a 50% revenue-to-buyback policy for its BORG token and intentionally delisted from centralized exchanges to “control supply” and concentrate liquidity and volume in-app. Fazel repeatedly returned to risk management, urging investors to think in probabilities and to be willing to “divorce” underperforming tokens that lack real revenues or sound token economics. He also addressed dilution fears sparked by the proliferation of new tokens, contending that almost none reach meaningful size. “Out of all these coins… 0.00001% have a market cap above $1 million,” he said, arguing that the sheer number of microcap launches should not preclude an altseason in larger, revenue-generating names. His timeline remains conditional, but his conviction in the structure is clear. He expects Bitcoin could suffer 30%–40% pullbacks without derailing a longer advance, believes the equity backdrop is still “AI-led” rather than in a blow-off, and contends crypto adoption curves move faster than Web2 because they build atop the existing internet. As for a headline Bitcoin target, he demurred on specifics, but hinted the ceiling is higher than casual forecasts imply. “Almost $200k for Bitcoin seems too small,” he said at one point, before pivoting back to total-market metrics and the presence—or not—of broad-based euphoria. At press time, the total crypto market cap stood at $4.2 trillion.

The US government has shot down reports that it is considering buying a stake in Critical Metals (NASDAQ: CRML), the company developing one of the world’s largest rare earth resources in Greenland. The Trump administration is not currently considering a deal that would see it take a stake in Critical Metals, a White House official stated on Monday, as first reported by Bloomberg. On Friday, Reuters reported that Washington had been in talks over an equity investment in the New York-based company while it was completing a deal to buy a 5% stake in Lithium Americas (TSX, NYSE: LAC), developer of a large lithium project in Nevada. That report, together with Critical Metals’ announcement of a new institutional investor, sent the company’s shares flying during after-hours trading and into Monday. At one point, the stock had more than doubled from its Friday closing price of $8.14 to an all-time high $16.88 apiece. By midday, Critical Metals traded at $11.70 for a market capitalization of $1.1 billion, as some investors had taken profits following the White House statement. According to Reuters, the company had been one of “hundreds of companies” in the critical minerals sector that had approached the US government for investment, and a deal would have converted its $50 million federal grant into an approximate 8% equity stake for Washington. Critical Metals’ Tanbreez project ranks amongst the largest rare earth projects on Earth, containing at least 45 million tonnes in resources, hosted within a massive kakortokite unit that has largely been underexplored to date.

Crypto analyst Chart Nerd has declared that XRP is set to mirror its 2017 cycle, when the price recorded a parabolic rally. He further revealed how high the altcoin could reach, with a double-digit price on the cards. XRP Could Mirror 2017 Cycle And Eyes Rally To $27 Chart Nerd stated that XRP is gearing up for a 2017-style run and is unlikely to decline as low as $0.50. Instead, the analyst believes that the altcoin will hold the line above $2, which is the January 2018 candle close highs, and then record a parabolic rally to its Fibonacci extension targets at $8, $13, $15, and $27. Chart Nerd was responding to an analysis from Captain Toblerone, who had earlier stated that XRP would continue to bleed until it reached $0.50. He advised XRP holders that if they are still in profit, it is not too late to sell 50% of their holdings or more and keep the cash to buy other, cheaper altcoins. As part of his bullish outlook for XRP, Chart Nerd also noted that many of the altcoin’s largest returns have come from large Q4 rallies. He revealed that XRP recorded gains of 426%, 1,064%, and 240% in Q4 2014, 2017, and 2024, respectively. As such, there is the possibility that the altcoin could mount another run in this fourth quarter. The XRP ETFs are expected to launch this fourth quarter and could serve as a catalyst for higher prices for the altcoin, similar to the same impact that the Bitcoin and Ethereum ETFs had on BTC and ETH, respectively. Crypto pundit UnknowDLT had also warned XRP holders not to sell their tokens in the next three months, noting that ISO 20022 global adoption is expected to occur by November 22, which could be positive for Ripple and XRP, by extension. A Rally To $21 Is Possible In an X post, crypto analyst Mikybull Crypto suggested that an XRP surge to $21 in this final massive rally was possible. However, he added that his conservative targets are between $6 and $10, although he noted that anything is possible in crypto. Notably, the analyst has in the past alluded to the 2017 cycle as one of the reasons why the altcoin could stage another parabolic rally. Meanwhile, crypto analyst Egrag Crypto also believes that XRP could rally to double-digits. He noted that the altcoin recorded a 1,250% rally in 2017 and a 560% surge in 2021. In line with this, the analyst remarked that if history repeats itself, then the altcoin could rally to $33 or $17 based on the gains recorded in 2017 and 2021, respectively. At the time of writing, the XRP price is trading at around $2.96, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Montage Gold (TSX: MAU) shares climbed 4.2% Monday morning after the company reported that construction at its flagship Koné Gold Project in Côte d’Ivoire remains on schedule and on budget, with key milestones completed ahead of expectations. Montage confirmed that approximately $418 million—about half of its total upfront capital expenditure—has already been committed, with costs remaining in line with projections. The project’s first gold pour is on track for Q2 2027, marking a major step toward becoming one of West Africa’s next significant gold producers. Key infrastructure components, including site earthworks and process plant foundations, have been completed roughly two months ahead of schedule. The next major milestone will be the delivery of the ball mill on-site in Q1 2026, the company said. Operational flexibility through oxide circuit Montage also announced the addition of an oxide processing circuit, a move expected to improve operational flexibility and potentially accelerate the project’s first gold pour. The company emphasized that the inclusion of this circuit could provide early cash flow benefits and optimize plant performance during ramp-up. Following the update, Montage Gold’s share price rose 4.2%, giving the company a market capitalization of approximately C$2.51 billion (US$1.80 billion). Alongside construction progress, Montage reaffirmed its short-term exploration objective of discovering over 1 million ounces of measured and indicated (M&I) resources at grades roughly 50% higher than the main Koné deposit. The company has already increased indicated resources at satellite deposits by 404,000 ounces, bringing the total to 924,000 ounces at 1.32 g/t Au, with an additional 140,000 ounces of inferred resources at 1.09 g/t Au. A 120,000-metre drill program is currently underway for 2025, aimed at further resource growth and integration of new discoveries into the mine plan from the outset of production. Read More: Barrick sells Tongon mine interests to Atlantic Group for up to $305M

Starting 8 October 2025, the UK is ready to lift its bank on crypto exchange-traded notes (ETNs) for retail investors. BTC products will return to the UK after two years! Companies like Bitwise, registered in the UK, took to X on 3 October 2025 to celebrate the opportunity “to serve more investors in our home market in Europe at long last.” UK’s Financial Conduct Authority (FCA) made the announcement as David Geale, executive director of payments and digital finance at the FCA, said, “Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood. In light of this, we’re providing consumers with more choice, while ensuring there are protections in place. This should mean people get the information they need to assess whether the level of risk is right for them.” However, the FCA made clarifications and called for a framework update. “ETFs marketed to UK retail investors are unable to invest directly into cryptoassets under our current regulatory framework for funds. This framework would need to be updated before retail investors could access cryptoasset ETFs,” the FCA said. Read More: What Is Crypto Passporting? Adrienne Harris Advocates For US-UK Passporting Scheme Adrienne Harris Advocates For US-UK Passporting Scheme A new facet to international financial regulation is crypto passporting. Similar to how European Union (EU) financial services companies can operate across member states under a single license, a US-UK passporting scheme. Crypto companies face significant barriers while expanding internationally. For example – a New York based company trying to expand in London will be impacted by costs and delays. Crypto passporting would allow crypto companies regulated in one country to operate in the other without necessarily undergoing the entire authorization processes. According to Simon Jennings, executive director of the UK Cryptoasset Business Council trade body, “Co-ordinated regulation, including the potential for digital asset passporting, would enhance investor protection, cut compliance costs and make cross-border markets far more interoperable.” Adrienne Harris, the departing head of New York’s Department of Financial Services (DFS) has thrown her support behind the US-UK crypto passporting scheme. “You really shouldn’t have ideology in financial regulation,” Harris stated. “You can protect consumers and support business at the same time; this can be mutually reinforcing.” DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways The FCA’s reversal of the crypto ETN ban is a milestone for the UK’s digital asset industry, opening the door to broader retail participation and furthering the nation’s ambition to cement its status as a global crypto hub. For retail investors, this development could mean easier access to Bitcoin, Ethereum, and other digital assets, along with improved protections under strict UK regulatory oversight. The post UK Prepares To Lift Ban On Crypto ETNs: CoinShares, Bitwise Will Be Able To Offer ETPs Soon appeared first on 99Bitcoins.

Barrick Mining (TSX: ABX; NYSE: B) said on Monday it has agreed to sell its interests in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to $305 million. The transaction includes a cash payment of $192 million, which covers a $23 million shareholder loan repayment due within six months of closing. Barrick said the proceeds will be used to further strengthen its balance sheet and support its commitment to shareholder returns. The deal is expected to close in late 2025, subject to regulatory approvals and customary closing conditions. Founded 48 years ago, Atlantic Group is a privately held Pan-African conglomerate with diversified interests across financial services, agriculture, and industry, and operations spanning 15 African countries. The acquisition marks a major step for Atlantic as it deepens its investments in the mining industry within Côte d’Ivoire, one of West Africa’s fastest-growing gold producers. Barrick originally planned to close Tongon in 2020, but ongoing exploration success extended the mine’s life. Since pouring its first gold in 2010, Tongon has contributed more than $2 billion to the Ivorian economy through taxes, infrastructure projects, salaries, and local supplier payments. In 2024, the mine produced 148,000 ounces of gold. It currently hosts proven and probable reserves of 620,000 ounces and measured and indicated resources of 700,000 ounces, according to Barrick. Barrick’s shares rose 1.35% on Monday following the announcement, giving the gold miner a market capitalization of $58.8 billion.

B2Gold’s (TSX: BTO, NYSE-A: BTG) Goose mine, part of the Back River Gold District in Nunavut, has officially reached commercial production three months after making its first pour. Shares surged. Commenting on the milestone, CEO Clive Johnson said: “The Goose mine will be a cornerstone of B2Gold’s production base and demonstrates the strength of our construction and operating teams worldwide.” According to the Vancouver-based gold miner, it declared commercial production at Goose following an internal commercial production measure of 30 consecutive days of mill throughput averaging 65% or greater, based on a design capacity of 4,000 tonnes per day (t/d). From Sept. 3 through Oct. 2, 2025, the mill achieved an average throughput of 2,652 t/d, which represents 66% of design capacity, with most of the feed coming from the Echo open pit, B2Gold said. However, it also noted that the mill achieved an average throughput of 3,249 t/d or 81.2% of design capacity from Sept. 19 onwards. At this rate, the company said it believes the Goose mill can operate near its design capacity of 4,000 t/d through the fourth quarter of 2025, during which the mill feed will predominantly come from the Umwelt deposit. Additionally, gold recoveries have been in line with expectations through the 30-day commercial production period, and are expected to average higher than 90% through Q4 and beyond, B2Gold added. The announcement, coupled with another record gold price, sent B2Gold’s Toronto-listed shares 5.7% higher to C$7.49 apiece, the highest in five years. Its market capitalization is C$9.8 billion ($7 billion). Production forecasts With commercial production at Goose achieved, B2Gold is forecasting 80,000 to 110,000 oz. of gold production from its newest mine this year, representing about 8-10% of the company’s 2025 production guidance (970,000 to 1,075,000 oz.) across all operations. In the following two years, B2Gold forecasts gold production at Goose to reach 250,000 oz. and 330,000 oz. respectively. During the first six full years of operations (2026 to 2031 inclusive), average annual gold production is expected to reach 300,000 oz. based on existing reserves. While the current mine plan targets a total production of 2.3 million oz. over nine years, it is based on just a fraction of the Back River district’s 6-million-oz. resource base, leaving room for further expansion. The company is also investigating expanding the mill capacity to 6,000 t/d to increase its production.

Bitcoin had been steadily consolidating above the $110,000 mark since July (dipping only twice below before rallying consequently), but hadn’t been able to retake its record levels. Hesitancy was the norm: Summer trading tends to reduce inflows, and supplemented with weakening US Data, the Greenback finding a bottom (will it hold?) and Gold taking all the attention, Cryptocurrencies were a bit more timid. Timid but solid, however, a lack of pursued upside was far from implying weakness. The Crypto Market Cap held steadily around and above the 2021 and 2024 peaks, proof that buyers were not backing out of historically elevated valuations. Nonetheless, a mid-to-end September selling wave gathered fears, shaking out weak hands before rallying 14% (!) to the current + $125,000 record. Some Bloomberg Analysts have reported that, amid the US Government shutdown, some investors rushed into Bitcoin as a safe-haven, amid American political uncertainty grows again. This view was also expressed in one of our previous Crypto editions last week. It still holds some valid levels for anyone interested. Let's take a detailed look at Bitcoin to look what technicals took the nº1 Crypto to the ongoing breakout. Read More: Markets Today: Gold Smashes $3900/oz, Bitcoin Hits Fresh Highs as Japan Election Triggers Frenzy. DAX Eyes Potential RallyPrecious metals break new records to close the week – Gold (XAU) and Silver (XAG) outlookMarkets Weekly Outlook - Navigating the US Shutdown & Global Trends as Equity Markets Continue to SoarBitcoin (BTC) multi-timeframe technical analysisDaily Chart Bitcoin Daily Chart, October 6, 2025 – Source: TradingView The current rally from Friday September 26th lows has completely undone the sequence taking momentum to bearish territory: A fail to close below the September 1 lows, combined with the change of narrative from the post-September FOMC meeting led to the current tight bull channel price action. There hasn't been a red daily candle in BTC in eleven sessions including the weekends and momentum is not overbought yet. Let's take a closer look. 4H Chart and levels Bitcoin 4H Chart, October 6, 2025 – Source: TradingView The past week's huge momentum has largely assisted buyers to break all types of resistances including the $117,000 pivot and the $120,000 psychological level. The last lows marked a new upward channel within which prices are evolving, with the higher bound located right around $135,000, in confluence with major Fibonacci extension levels. In any case, there will have to be more work done with the RSI in overbought territory on the intraday. Holding between $120,000 to $125,000 as momentum cools down would further boost the chances of pursuing the price discovery. Levels of interest for BTC trading: Support Levels: $120,000 micro-support to hold for further continuationPivot Zone $115,000 to $117,000$108,000 to $110,000 previous ATH support zone (September 26th lows)$106,000 mini-support$100,000 main support at the psychological levelResistance Levels: Current ATH Resistance $123,000 to $125,000 (testing, need to close above for bulls/below for bears)Current all-time high $125,420Potential minor Resistance at Fib Extensions between $127,000 to $128,200Fib-induced Major potential resistance and channel upper bound $135,0001H Chart Bitcoin 1H Chart, October 6, 2025 – Source: TradingView The ongoing momentum has formed an upward intraday channel within which prices are evolving. Looking at the high RSI levels consolidating, it seems that profit-taking is slowing down progress a bit, hinting at some rangebound action between the intraday resistance ($124,500 to $125,500) and support ($121,000 to $122,000 – in confluence with the 50-Hour MA). Watch for breakouts above and how it revolves into the broad Crypto market: Crypto Market Cap is breaking new highs Total Crypto Market Cap, October 6, 2025 – Source: TradingView The Total Market Cap is breaking new records which coincides with the current rally and altcoins seem to only start getting tractions. Polkadot, Dogecoin, Ethereum and BNB are the main contenders but look for further widespread buying if BTC consolidates at current ATH levels. Safe Trades! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Tudor Gold (CVE: TUD) has filed a lawsuit against the Canadian province of British Columbia, alleging it allowed rival Seabridge Gold (TSE: SEA)(NYSE: SA) to tunnel through its mineral claims in the Golden Triangle, a resource-rich region stretching 500 kilometres from Stewart toward Yukon and Alaska. The case, launched in the Supreme Court of B.C. on October 3, challenges the legality of a conditional mineral reserve connected to Seabridge’s Kerr–Sulphurets–Mitchell (KSM) copper, gold, silver and molybdenum project. The reserve prevents Tudor, which owns the neighbouring Treaty Creek property, from obstructing or interfering with construction or operation of the Mitchell Treaty Tunnels (MTT) — two proposed 23-kilometre tunnels linking the east and west sides of the KSM site. The Vancouver-based miner alleges the province’s Chief Gold Commissioner (CGC) reversed an earlier promise to safeguard its mineral rights. About 12.5 kilometres of the planned tunnels would cross through Tudor’s Treaty Creek claims. The company has battled the issue for nearly a decade, after the commissioner rejected its request to rescind the conditional mineral reserve protecting Seabridge’s tunnelling rights. The KSM project is one of the world’s largest undeveloped gold deposits and also holds significant silver, copper and molybdenum resources. The mine is expected to operate for 33 years. Tudor and its partners, meanwhile, have explored the adjacent Goldstorm deposit, which is also rich in copper, gold and silver, since the early 2010s. Compensation sought In its lawsuit, Tudor asks the court to declare the reserve invalid or beyond the province’s authority. Failing that, the company seeks compensation for expropriation or damages for misrepresentation. This action is separate from an earlier appeal Tudor filed against a decision by CGC Donna Myketa, which Seabridge disclosed on July 14. Tudor’s claim cites a 2012 provincial statement indicating the reserve did not apply to the Treaty Creek claims. A 2014 amendment, however, extended the reserve’s scope to include existing claimholders. Seabridge argues Tudor had ample time to challenge the change but did not do so after acquiring its interest in 2016. The company also contends Tudor’s arguments about property rights contradict the Mineral Tenure Act. Seabridge said in a statement it is confident the province has acted within the law and that “authorizations for the (tunnel) are appropriate and reliable.” Chair and CEO Rudi Fronk said the claim is the latest in a series of lawsuits Tudor has filed to oppose the tunnel and noted that “in every instance, the B.C. government has reconfirmed our approvals.” “If Tudor were to be successful in certain of its claims, it could have consequences for the KSM project,” Fronk said. “While this action proceeds, we will continue advancing our current plans for the benefit of shareholders, local communities and the First Nations who have strongly supported our progress.”

TRX is showing remarkable strength as the broader crypto market accelerates, with Bitcoin testing a new all-time high and altcoins following closely behind. Amid this renewed momentum, top analyst Darkfost shared key insights highlighting that TRX’s underlying trend no longer needs confirmation — it remains clearly positive. The asset has maintained a steady bullish structure even through periods of consolidation, suggesting a strong foundation for the next move. Darkfost also pointed out that a particularly interesting signal has now appeared — one that historically precedes a new phase of acceleration for TRX. This signal, based on trading volume dynamics, reflects a cooling-off period that often marks the calm before a major breakout. Previous occurrences of similar setups have led to substantial rallies, reinforcing growing optimism among traders. As the market regains momentum, TRX stands out for its consistent resilience and steady performance. The combination of a solid long-term uptrend and favorable onchain metrics is fueling expectations of a possible breakout in the days ahead. With Bitcoin leading sentiment and altcoins gaining traction, TRX could be positioning itself as one of the strongest performers in this phase of the crypto market. TRX Market Structure: Cooling Volumes Hint at a Potential Breakout According to Darkfost, the Spot Volume Bubble Map — a tool that visualizes periods of trading volume expansion and contraction — is currently flashing a notable cooling signal for TRX. The indicator shows that spot volumes have dropped significantly over the past few sessions, a pattern that often precedes renewed volatility. While low activity might seem like a lack of market interest, history suggests otherwise for TRX. Darkfost notes that similar conditions have frequently preceded major bullish moves. For instance, in July 2021, when TRX’s volumes cooled sharply, the price soon surged from $0.05 to $0.12. A comparable setup occurred again in October 2024, followed by an impressive rally from $0.15 to $0.43. In both cases, a decline in trading activity was not a sign of weakness — it was the setup phase for accumulation by long-term players positioning ahead of the next breakout. The current cooling phase, therefore, might represent a consolidation period rather than the end of momentum. As price action stabilizes and volatility compresses, TRX is forming a strong support base, allowing smart money to quietly accumulate positions. If market liquidity returns with Bitcoin and altcoins pushing higher, this structure could serve as the springboard for a short-term rebound — or potentially the start of a new acceleration phase for TRX. TRX Price Analysis: Consolidation Before Potential Upside TRX is currently trading around $0.344, showing resilience as it consolidates near short-term resistance. The chart reveals a steady recovery from late September lows near $0.32, with price now stabilizing above both the 50-day and 200-day moving averages, signaling a healthy medium-term structure. The 50-day MA (blue) is starting to curve upward, suggesting renewed momentum, while the 200-day MA (red) continues to provide a strong long-term support base. This setup mirrors several previous consolidation phases where TRX built strength before breaking higher. The green 100-day MA also aligns closely with current price action, forming a convergence zone that often precedes volatility expansion. Resistance remains at $0.35–$0.36, a key level that has repeatedly capped upside attempts since early September. A confirmed breakout above this zone could open the door toward $0.38–$0.40, resuming the broader bullish trend seen earlier in the year. On the downside, immediate support lies near $0.33, followed by $0.32, which has held firm through multiple retests. Featured image from ChatGPT, chart from TradingView.com

Gold prices soared to a new all-time high on Monday, as a looming US interest rate cut and political uncertainty across the globe buoyed demand for the safe-haven metal. Spot gold rallied as much as 1.6% for a new record of $3,949.71 per ounce, as it continues to build momentum towards the $4,000-an-ounce milestone. US gold futures also rose 1.6% to a high of $3,971.60 per ounce in New York. Click on chart for live prices. With Monday’s moves, gold has now risen nearly 50% so far this year, a record run underpinned by expectations of US rate cuts, sustained central bank purchases, resilient safe-haven demand and broad dollar weakness. Gold prices first broke the $3,000-per-ounce level for the first time in March, then $3,500 in late April. After months of consolidation, the yellow metal awakened again in August, the month preceding the Federal Reserve’s first rate cut. This led to another surge towards $3,800 in late September. $4,000 in sight With a second rate cut expected this month, bullion’s momentum still has not waned, even after seven straight weeks of gains. Several major banks are predicting gold prices to eventually hit at least the $4,000 mark this year. Amongst those were HSBC, Bank of America and Deutsche Bank. UBS, in a note last week, revised its year-end price forecast to $4,200/oz., citing both fundamental and momentum-based reasons. “The fact that we’re so close to $4,000/oz. also suggests that some of the funds might be trying to push it up to get to that mark,” said Edward Meir, an analyst at Marex, in a Reuters note. A slew of political and economic concerns around the world, such as the resignation of France’s new prime minister, rising yields in Japan and an ongoing US government shutdown, is all contributing to gold’s latest rally, he added. Private investors piling into gold-backed exchange-traded funds have also contributed to the latest leg in the rally, with total holdings expanding the most in more than three years last month, according to Bloomberg data. (With files from Bloomberg and Reuters) Sponsored: Secure your wealth today — buy gold bullion directly through our trusted partner, Sprott Money.