Gold, Silver and Crypto Assets Rise After US Midterm Elections

The news indicates that risk appetite has shifted toward crypto assets following the by-election, creating a short-term positive backdrop for BTC. The technical picture supports this: the price is above the SMA20 and SMA50, the RSI at 59 is far from overbought territory, and the MACD is positive above its signal line. The 24-hour gain of 1.58% shows that momentum is moderate but steady. Nevertheless, news-driven reactions can be short-lived; resistance around 78,000 and possible profit-taking may limit the upside. Therefore, while I see the direction as upward, I keep confidence at a moderate level.

The news indicates that risk appetite shifted toward crypto assets following the by-election, creating a short-term positive backdrop for ETH. The technical picture supports this as well: the price is above the SMA20 and SMA50, the RSI at 59 is far from overbought territory, and the MACD is above its signal line. The 24-hour gain of 1.8% shows that momentum is moderate but positive. Nevertheless, the durability of news-driven moves is uncertain; unless the 2300 resistance is broken, the upside may remain limited. For this reason, I forecast an upward trend with moderate confidence.

The news points to a theme that could increase buying interest in precious metals such as gold and silver; in this context, GLD may be positively affected in the short term. However, the technical picture is mixed: although the price has risen 2% in 24 hours, the RSI at 39 indicates weak momentum and the MACD remains below its signal line. It is noteworthy that the price is trading well above the SMA20 and SMA50; this could be due to data quality or scale mismatch and reduces signal reliability. Therefore, I cautiously lean upward, but volume and price action in subsequent sessions should be monitored for confirmation. The impact of the news may be short-lived; a limited positive trend is expected within a 1-3 day window.

The gold price has risen 1.8% in the last 24 hours to reach 39.12 and is trading just above the SMA20 and SMA50. The RSI is at 48 in neutral territory and does not signal overbought conditions, indicating room for upward movement. Although the MACD is below its signal line, it remains above zero and positive momentum is preserved, albeit weakly. Reduced post-election uncertainty and safe-haven demand are expected to provide short-term support for gold and precious metals. However, it should be noted that with the MACD remaining below its signal line and the price trading very close to the SMA20, the upside may be limited and volatile, and monitoring volume and breakouts will be important for confirmation.