Palantir's Surge, Gold's Decline, And Bitcoin's Record Rally

Palantir (US Stock)

The stock has nearly quadrupled this year. Closing at record $65, push the market cap to $150 billion.

Palantir has announced to move its listing to the Nasdaq on November 26.

Board member Alexander Moore hints this shift could force billions in ETF purchases.

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PLTR (Daily). Over the past 9 trading days, the stock has recorded 6 gap-ups, reflecting strong investor enthusiasm. While the trend remains bullish, we anticipate a correction as the current hype appears to outpace the stock's fundamentals.
 

Gold (Commodity)

Gold price is on track for their biggest weekly drop in over three years, down more than 4%.

Federal Reserve has been signalling a slowdown in rate cuts, which has bolstered the US dollar and sent Treasury yields climbing.

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XAUUSD (Daily). From its all-time high, gold already had 9% correction. The price could consolidate around the yellow zone for a pullback toward the green zone before continuing its bearish trend.
 

Bitcoin (Cryptocurrency)

Crypto market touched 3 trillion USD in capitalization, up 35% in just 10 days.

Leading the charge is Bitcoin, surging nearly 20% this week to 93,000 $.

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BTCUSD (Weekly). Bitcoin got benefit from post-election momentum, reaching an all-time high of $93,000. The psychological target of $100,000 now seems more attainable than the demand zone at $73,500. Waiting for further confirmation or setting a buy limit within the yellow zone up to $80,000.


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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. ...

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