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    Daniel#MD

    Top 75 Largest Hedge Funds Worldwide in 2021

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    For anyone interested in the investment and finance market, an important topic to discover is related to the largest hedge funds in the world.

    These companies are dedicated to insurance and investments, and they all deliver high-quality services on a global scale.

    If you want to discover everything there is to know about hedge funds and the significant names of hedge funds, just read through our top 75 largest hedge funds in the world.

    75. Nephila Capital

    • Owner: Nephila Holdings Limited
    • Based: Bermuda
    • Founded: 1977
    • Assets: $10 billion
    • Website: nephila.com

    Located on the exotic island of Bermuda, Nephila Capital takes its name from a hurricane-predicting spider that lives in the tropical area. Nephila Capital is one of the largest hedge fund companies specialized in reinsurance risk.

    74. HBK Capital Management

    • Owner: Employee Owned
    • Based: Dallas
    • Founded: 1991
    • Assets: $9.7 billion
    • Website: hbk.com

    HBK Capital Management is a unique hedge fund company, which only invests a small part of its total assets. The Texas-based fund is currently among the largest hedge funds in the world, employing over 180 people.

    73. Beach Point Capital Management

    • Owner: Employee Owned
    • Based: Santa Monica
    • Founded: 2009
    • Assets: $9.86 billion
    • Website: beach point.capital

    The Beach Point Capital Management has had a stellar evolution in just a few years of existence. Only one year after its founding, Beach Point Capital Management achieved the 83rd largest hedge fund position in the world, with an estimated AUM of over $9 billion.

    72. Cerberus Capital Management

    • Owner: Steve Feinberg
    • Based: New York
    • Founded: 1992
    • Assets: $30 billion
    • Website: cerberuscapital.com

    Founded 24 years ago by Steve Feinberg, Cerberus Capital Management is currently on the largest hedge fund in the United States. This private equity firm is mainly specialized in distressed investing.

    71. Carlson Capital

    • Owner: Employee Owned
    • Based: Dallas
    • Founded: 1993
    • Assets: $20.59 billion
    • Website:  carlsoncapital.com

    Another Texas-based company, Carlson Capital, is based on three principles: philosophy, people, and process. Founder Clint Carlson was among the largest hedge fund managers in the United States when he built the company in 1993.

    70. Coatue Management

    • Owner: Philippe Laffont
    • Based: New York
    • Founded: 1999
    • Assets: $ 14.38 billion
    • Website: coatue.com

    Phillippe Laffont is the visionary entrepreneur behind Coatue Management. He has used his experience to create and manage this technology-oriented company, ranking high on any of the largest hedge funds list or top.

    69. Tiger Global Management

    • Owner: Charles (Chase) Coleman III
    • Based: New York
    • Founded: 2001
    • Assets: $20 billion
    • Website: linkedin.com

    Owned by one of the youngest, most successful businessmen, Chase Coleman III, Tiger Global Management is among the 100 largest hedge funds worldwide. With over 60 employees, Tiger Global Management is a success story in the financial and investment sector.

    68. CarVal Investors

    • Owner: Cargill Incorporated
    • Based: Minnesota
    • Founded: 1987
    • Assets: $10 billion
    • Website: carvalinvestors.com

    Managing to survive and even take advantage of the financial crisis, this experienced hedge fund company is focused on credit-intensive and distressed assets. CarVal Investors benefits from a team of professionals who steered the company in the right way even in the harshest financial times.

    67.  Pine River Capital Management

    • Owner: Brian Taylor
    • Based: Minnetonka
    • Founded: 2002
    • Assets: $14 billion
    • Website: pinerivercapital.com

    Pine River Capital Management is an asset management company. They trade fixed incomes, stocks, and derivatives, one of the largest hedge funds by AUM (Assets Under Management).

    66. Centerbridge Partners

    • Owner: Mark Gallogly, Jeffrey Aronson
    • Based: New York
    • Founded: 2005
    • Assets: $25 billion
    • Website: centerbridge.com

    Centerbridge Partners has its headquarters in New York and an additional office located in London. Among the largest US funds, Centerbridge Partners invests in control situations (public debt and equity) and non-control situations (public market equity and debt).

    65. Capula Investment Management

    • Owner: Yan Huo, Masao Asai
    • Based: London
    • Founded: 2005
    • Assets: $10.2 billion
    • Website: capulaglobal.com

    Founded in 2005 by Yan Huo and Masao Asai, Capula Investment Management quickly climbed to the top of the 100 largest hedge funds. Currently, the company ranks eight on the top of largest hedge funds in Europe.

    64. Point State Capital

    • Owner: Zachary Schreiber
    • Based: New York
    • Founded: 2010
    • Assets: $10.76 billion
    • Website: octafinance.com

    Among all of the tops dedicated to the largest hedge fund administrators, you will find Zach Schreiber. The owner of Point State Capital, Zach Schreiber, manages a company with assets that value more than $10 billion.

    63. Fir Tree Partners

    • Owner: Jeffrey Tannenbaum
    • Based: New York
    • Founded: 2009
    • Assets: $18 billion
    • Website:  firtree.com

    According to statistics, Fir Tree Partners is one of the largest hedge funds in 2014 that estimated the company’s AUM at around $18 billion. It is owned by its founder, Jeffrey Tannenbaum, who started the company in 2009.

    62. Glenview Capital Management

    • Owner: Larry Robbins
    • Based: New York
    • Founded: 2000
    • Assets: $17.5 billions
    • Website:  wikipedia.org

    Glenview Capital Management has an investment style that focuses on the so-called GARP strategy, growth at a reasonable price. They offer services for companies that work in stable and steady industries.

    61. Magnetar Capital

    • Owner: Alec Litowitz, Ross Laser
    • Based: Illinois
    • Founded: 2005
    • Assets: $13.5 billion
    • Website: magnetar.com

    Magnetar Capital is an investment hedge fund firm based in Evanston, Illinois. The company was actively involved in Collateralized Debt Obligation between 2006 and 2007.

    60. TCI Fund Management

    • Owner: Christopher Hohn
    • Based: London
    • Founded: 2003
    • Assets: $10.9 billion
    • Website: tcifund.com

    The Children’s Investment Fund Management is one of the largest UK hedge funds. They aim to invest globally in sustainable businesses and are also involved in the public market sector.

    59. Discovery Capital Management

    • Owner: Direct Access Group, LLC
    • Based: Connecticut
    • Founded: 1999
    • Assets: $25.5 billion
    • Website: discoverycapital.com

    Dedicated to hedge fund managing, Discovery Capital Management is among the world’s largest hedge funds. They are interested in supporting clean technology-related businesses from around the globe.

    58. GoldenTree Asset Management

    • Owner: Steven Tananbaum
    • Based: New York
    • Founded: 2000
    • Assets: $26 billion
    • Website: goldentree.com

    Golden Tree is one of the largest hedge funds in the United States, and it specialized in incorporating finances and structure credit markets.

    57. Graham Capital Management

    • Owner: Kenneth G. Tropin
    • Based: Connecticut
    • Founded: 1994
    • Assets: $12 billion
    • Website: grahamcapital.com

    Among the largest credit hedge funds, Graham Capital Management is leading the market of alternative investment. They currently have an AUM of over $12 billion.

    56. JANA Partners

    • Owner: Barry Rosenstein
    • Based: New York
    • Founded: 2001
    • Assets: $10 billion
    • Website: janapartners.com

    Jana Partners is a company founded by Barry Rosenstein, who is also the current CEO. Jana makes investments across the capital structures in both equity and debt.

    55. Odey Asset Management

    • Owner: Crispin Odey
    • Based: London
    • Founded:1991
    • Assets: $10.2 billion
    • Website: odey.com

    Odey Asset Management is one of the largest European hedge funds, being located in London. Owned by Crispin Odey, the company focuses on hedge funding and market investments.

    54. Angelo, Gordon and Co.

    • Owner: Employee Owned
    • Based: New York
    • Founded: 1988
    • Assets: $27 billion
    • Website: angelogordon.com

    One of the most respected hedge funds on the American Market, Angelo, Gordon, and Co., was founded by Michael L. Gordon and John M. Angelo in the late eighties.

    53. Balyasny Asset Management

    • Owner: Employee Owned
    • Based: Chicago
    • Founded: 2001
    • Assets: $4 billion
    • Website: bamfunds.com

    Balyasny Asset Management caters to the needs of both corporations and high-worth individuals, being one of the largest hedge funds Chicago based.

    52. Highfields Capital Management

    Highfields Capital Management LP was founded in 1998 by Jonathon S. Jacobson, and it is an investment management company. Apart from their main clients, they also manage investment funds for philanthropic and charitable foundations.

    51. CQS Capital

    • Owner: Michael Hintze
    • Based: London
    • Founded: 1999
    • Assets: $12.6 billion
    • Website: cqscapital.com

    CQS is an asset management company that focuses on multi-strategy areas such as credit, equities, or loans.

    50. Cevian Capital

    • Owner: Christer Gardell, Lars Förberg
    • Based: Stockholm, Sweden
    • Founded: 2002
    • Assets: $10 billion
    • Website: ceviancapital.com

    One of the largest hedge fund companies globally, Cevian Capital, mainly focuses on international investment. They are one of the largest hedge funds active in Europe.

    49. Tudor Investment Corp.

    • Owner: Paul Tudor Jones II
    • Based: Connecticut
    • Founded: 1980
    • Assets: $11 billion
    • Website: tudorfunds.com

    Founded by Paul Tudor Jones II, Tudor Investment manages and invests funds in the public equity area.  It is currently one of the top US hedge funds.

    48. Henderson AlphaGen

    • Owner: Henderson Group
    • Based: London
    • Founded: 1999
    • Assets: $ 5.27 billion
    • Website: henderson.com

    Henderson AlphaGen is one of the largest UK-based hedge funds. They have a loyal European client base, focusing on high-income clients.

    47. Fortress Investment Group

    • Owner: Public
    • Based: New York
    • Founded: 1998
    • Assets: $66 billion
    • Website: fortress.com

    With a remarkable evolution, Fortress Investment Group quickly gained recognition as one of the biggest hedge funds in the world. In 2014, it was named Hedge Fund Manager of the Year (Institutional Investor) and Management Firm of the Year (HFMWeek).

    46. BlueMountain Capital Management

    BlueMountain Capital Management is a privately owned hedge fund that has locations both in New York and London. The company invests in fixed income and public equity.

    45. Lansdowne Partners

    • Owner: Paul Ruddock, Steven Heinz
    • Based: London
    • Founded: 1998
    • Assets: $18 billion
    • Website: lansdownepartners.com

    One of the oldest and most prestigious hedge funds in the world, Lansdowne Partners offers its services directly to pooled investment sources.

    44. Pershing Square Capital Management

    One of the most successful top US hedge funds, Pershing Square Capital Management, is owned by billionaire Bill Ackman. They provide high-quality services around the globe.

    43. Bracebridge Capital

    Bracebridge Capital is one of the largest hedge funds in Boston, and it is managed and run by a woman, Nancy Zimmerman.

    42. Wellington Hedge Management

    Wellington Hedge Management is one of the most secretive hedge firms on the market, belonging to the funding giant Wellington Management.

    41. Anchorage Capital Group

    Anchorage Capital Group is one of the largest hedge funds on the market, employing 164 people and providing services to over 100 clients worldwide.

    40. Canyon Partners

    • Owner: Employee Owned
    • Based: Los Angeles
    • Founded: 1990
    • Assets: $23 billion
    • Website: canyonpartners.com

    One of the top hedge fund firms from the United States, Canyon Partners, was founded by Joshua S. Friedman and Mitchell R. Julis.

    39. Moore Capital Management

    • Owner: Sponsor-Owned
    • Based: New York
    • Founded: 1989
    • Assets: $44.02 billion
    • Website: moorecapitalllc.com

    An important presence on any list of hedge funds by AUM, Moore Capital Management, has a long history of high-quality services.

    38. Value Partners

    • Owner: Independent
    • Based: Hong Kong
    • Founded: 1993
    • Assets: $17.8 billion
    • Website: valuepartners.com.hk

    Value Partners is one of the biggest hedge funds in the world, having its headquarters located in Hong Kong. They are among the most important players in the financial world of Asia.

    37. Paulson & Co.

    • Owner: John Paulson
    • Based: New York
    • Founded: 1994
    • Assets: $18 billion
    • Website: paulsonco.com

    Paulson & Co is an alternative investment firm that focuses on event-driven investments. The founder, John Paulson, is currently serving as manager.

    36. Third Point

    • Owner: Privately Owned
    • Based: New York
    • Founded: 1995
    • Assets: $17.5 billion
    • Website: thirdpoint.com

    After a stellar evolution, Third Point management became one of the largest hedge funds in 2013. Three years later, the company is still among the top hedge fund firms in the world.

    35. Brummer & Partners

    • Owner: Patrick Brummer, Per Josefsson, Peter Thelin
    • Based: Stockholm, Sweden
    • Founded: 1996
    • Assets: $14 billion
    • Website:  brummer.se

    Brummer & Partners is among the largest hedge funds in Europe, being a respected player on the global market.

    34. ValueAct Capital Management

    • Owner: Privately Owned
    • Based: San Francisco
    • Founded: 2000
    • Assets: $11 billion
    • Website: valueact.com

    ValueAct Capital Management is privately owned, and it provides services to both high-worth institutions and individuals.

    33. Appaloosa Management

    • Owner: David Tepper
    • Based: Miami Beach
    • Founded: 1993
    • Assets: $14 billion
    • Website: amlp.com

    One of the main large hedge fund companies on the market, Appaloosa Management, specializes in distressed debt.

    32. Farallon Capital Management

    • Owner: Tom Steyer
    • Based: San Francisco
    • Founded: 1986
    • Assets: $21.5 billion
    • Website: faralloncapital.com

    In 2011 Farallon Capital Management became the 12th biggest hedge fund on the planet, managing individuals and companies.

    31. King Street Capital Management

    • Owner: Privately Owned
    • Based: London
    • Founded: 1995
    • Assets: $22 billion
    • Website: kingstreet.com

    Founded by Francis Biondi Jr. and Brian J. Higgins, King Street Capital Management is one of the largest hedge funds in the UK, ranking high in the global tops.

    30. Platinum Asset Management

    • Owner: Kerr Neilson
    • Based: Australia
    • Founded: 1994
    • Assets: $24 billion
    • Website: platinum.com.au

    According to Forbes, Platinum Asset Management is a very successful Australian hedge fund firm that turned its owner, South-African Kerr Neilson, into a top 50 Richest Australians.

    29. Hillhouse Capital Management

    • Owner: Lei Zhang
    • Based: Beijing
    • Founded: 2005
    • Assets: $20 billion
    • Website: hillhousecap.com

    Among the top hedge funds by AUM, this Asian-based company has managed to bloom and steadily increase its revenue since its creation in 2005.

    28. York Capital Management

    York Capital Management’s main area of activity is investing in event-driven and merger strategies for high-end clients.

    27. Marshall Wace

    • Owner: Paul Marshall, Ian Wace
    • Based: London
    • Founded: 1997
    • Assets: $15 billion
    • Website: mwam.com

    A major hedge funds firm is Marshall Wace, located in London. The firm deals with both long and short equity funds.

    26. Citadel

    • Owner: Kenneth C. Griffin
    • Based: Chicago
    • Founded: 1990
    • Assets: $25 billion
    • Website: citadel.com

    Citadel is an American Hedge Fund company that operates with alternative asset management tools. They are currently among the largest hedge fund firms in the world.

    25. Davidson Kempner Capital Management

    • Owner: Employee-owned
    • Based: New York
    • Founded: 1983
    • Assets: $25.4 billion
    • Website: dkpartners.com

    This major hedge fund firm is one of the most prestigious on the market, offering high-quality services for over 30 years.

    24. Elliot Management Corporation

    • Owner: Paul Singer
    • Based: New York
    • Founded: 1977
    • Assets: $27 billion
    • Website: elliottmgmt.com

    Elliot Management Corporation is an American hedge fund mainly active on the distressing security market, such as debt in almost bankrupt companies.

    23. Adage Capital Management

    • Owner: Employee Owned
    • Based: Boston
    • Founded: 2001
    • Assets: $8.9 billion
    • Website: www.adagecapital.com

    Adage Capital Management is a Boston-based major hedge fund firm in the world. Founded in 2001, Adage is a power player on the market.

    22. Baupost Group

    • Owner: Seth Klarman
    • Based: Boston
    • Founded: 1982
    • Assets: $29.4 billion
    • Website: baupost.com

    We are getting closer to the top of our list of biggest hedge funds companies, and the Boston and London-based Baupost Groups is one of the largest firms on our top.

    21. Lone Pine Capital

    • Owner: Privately Owned
    • Based: Connecticut
    • Founded: 1997
    • Assets: $24.5 billion
    • Website: lonepinecapital.com

    Lone Pine Capital was founded by Stephen Mandel, currently serving as President of the Connecticut-based company.

    20. Viking Global Investors

    • Owner: Ole Andreas Halvorsen
    • Based: Connecticut
    • Founded: 1999
    • Assets: $28.8 billion
    • Websites: vikingglobal.com

    This American hedge fund has its headquarters in Greenwich, and it is currently ranking among the largest investment management firms in the world.

    19. Winton Capital Management

    • Owner: David Harding
    • Based: London
    • Founded: 1997
    • Assets: $28 billion
    • Website: wintoncapital.com

    Among the top 10 hedge funds globally, we find Winton Capital Management, a British Company that offers its services on a global scale.

    18. Two Sigma

    • Owner: John Overdeck
    • Based: New York
    • Founded: 2001
    • Assets: $35 billion
    • Website: twosigma.com

    Two Sigma is proud to state that they are an original investment manager who follows principles of innovation and technology.

    17. Brevan Howard Capital Management

    • Owner: Allan Howard
    • Based: Jersey
    • Founded: 2002
    • Assets: $40 billion
    • Website: brevanhoward.com

    Considered one of the largest macro-funds globally, Brevan Howard Capital Management offers its services to high-end clients and businesses.

    16. Och-Ziff Capital Management

    • Owner: Daniel S. Och
    • Based: New York
    • Founded: 1994
    • Assets: $42 billion
    • Website: ozcap.com

    Och-Ziff Capital Management is a company dedicated to alternative global asset management among the major hedge funds on the planet.

    15. Grantham, Mayo, Van Otterloo & Co. [GMO]

    • Owner: Privately Owned
    • Based: Boston
    • Founded: 1977
    • Assets: $64 billion [2019]
    • Website: gmo.com

    This prestigious hedge fund company has a long history of success since its founder, Jeremy Grantham, first created the firm in 1977. One of the largest hedge funds in Boston, Grantham, Mayo, Van Otterloo & Co., are still among the biggest players in the investment world.

    13. GSO Capital Partners

    • Owner: The Blackstone Group
    • Based: New York
    • Founded: 2005
    • Assets: $55 billion
    • Website: blackstone.com

    Currently one of the top hedge fund firms active on the market, GSO Capital Partners is a credit-oriented hedge fund company. They are also an important player on the leveraged finance marketplace.

    12. Man Group

    • Owner: Jon Aisbitt
    • Based: London
    • Founded: 1783
    • Assets: $78.1 billion
    • Website: man.com

    Among the top 10 hedge funds globally, Man Group has a long history of high-quality services that have taken them to an AUM of over $78 billion.

    11. D.E. Shaw & Co.

    • Owner: David E. Shaw
    • Based: New York
    • Founded: 1988
    • Assets: $81.36 billion
    • Website: deshaw.com

    D.E. Shaw & Co. is currently ranking at number 7 on the top dedicated to the largest hedge funds in the world, with an AUM od over $80 billion.

    10. GAM Holding

    • Owner: Independent
    • Based: Switzerland
    • Founded: 1983
    • Assets:  $116.6 billion [2019]
    • Website: gam.com

    GAM Holding is located in Zurich, and it has offices worldwide, being one of the most important European hedge funds.

    14. Renaissance Technologies

    • Owner: James H. Simons
    • Based: New York
    • Founded: 1982
    • Assets: $133 billion
    • Website:  rentec.com

    Mathematician Jim Simons founded Renaissance Technologies in 1982. Forbes lists Simons as the 68th wealthiest person globally as of Jan. 13, 2021, worth $23.5 billion.

    With an AUM of $133 billion and over 200 employees, Renaissance Technologies is among the largest hedge funds firms in the world.

    9. AQR Capital Management

    • Owner: Affiliated Managers Group
    • Based: Connecticut
    • Founded: 1998
    • Assets: $153.6 billion
    • Website: aqr.com

    Another famous hedge fund that has an impressive AUM is the Connecticut-based AQR Capital Management.

    8. Bridgewater Associates

    • Owner: Ray Dalio, Bob Prince
    • Based: Westport, Connecticut
    • Founded: 1975
    • Assets: $160 billion [2019]
    • Website: bwater.com

    The winner of the title of the largest hedge fund in the world is Bridgewater Associates. This prestigious firm has delivered quality services since the beginning, remaining relevant after 40 years.

    7. Millennium Management

    • Owner: Privately Owned
    • Based: New York
    • Founded: 1989
    • Assets: $207 billion
    • Website: mlp.com

    Another remarkable company that has managed to evolve and gain success in the investment market, Millennium Management is our top 5 largest hedge funds winner.

    6. Deutsche Bank Asset Management

    • Owner: Deutsche Bank
    • Based: New York
    • Founded: 1919
    • Assets under management: US$700 billion (2017), source
    • Website: deutscheam.com

    With a staggering AUM of over $800 billion, this bank-owned company is among the world leaders in wealth and asset management.

    5. Credit Suisse Asset Management

    • Owner: Credit Suisse Group
    • Based: New York
    • Founded: 1856
    • Assets under management: US$ 498 billion [2020], source
    • Website: credit-suisse.com

    Credit Suisse Asset Management is among the biggest names of hedge fund companies in the world. The Swiss firm has a current AUM value of over $50 billion.

    4. Goldman Sachs Asset Management

    • Owner: Goldman Sachs Group Inc.
    • Based: New York
    • Founded: 1989
    • Assets under management: US$1.8 trillion [2020], source
    • Website: assetmanagement.gs.com

    Goldman Sachs used to be among the biggest hedge funds globally, but the company didn’t perform as well in recent years. However, they are still among the largest hedge fund of funds on the market.

    3. Pacific Investment Management Co.

    • Owner: Privately Owned
    • Based: New Port Beach
    • Founded: 1971
    • Assets under management (2020) : $2.21 trillion, source
    • Website: pimco.com

    One of the largest multinational investment firms, Pacific Investment Management Co., currently employs over 2,000 worldwide.

    2. J.P. Morgan Asset Management

    • Owner: J.P. Morgan & Co.
    • Based: New York
    • Founded: 2000
    • Assets under management (2020) : $2.6 trillion, source
    • Website: jpmorgan.com

    The second-largest hedge fund is J.P. Morgan Asset Management. This major player has been offering services to clients and businesses located worldwide for over 15 years.

    1. BlackRock

    • Owner: Larry Fink
    • Based: New York
    • Founded: 1988
    • Assets under management (2020) : $8.67 trillion
    • Website: blackrock.com

    We are closing the top 75 hedge funds globally with BlackRock, an American multinational investment management corporation based in New York City. Founded in 1988, initially as risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager.

    Conclusion

    With various business plans and strategies, the 75 largest hedge funds come from different locations on the planet. There are developing industries for hedge funding all over the world, and they shouldn’t be overlooked.

    From New York to London and Hong Kong, now you know the most important, largest hedge funds available on the market. With high-quality services and amazing AUM numbers, all these companies are living proof of financial success!



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    • Gold Price and Crude Oil Price Aim Fresh Increase Gold price is attempting a fresh increase above the $1,780 resistance zone. Crude oil price could gain pace if there is a clear move above the $68.00 level. Important Takeaways for Gold and Oil Gold price started a fresh decline from well above the $1,800 zone against the US Dollar. There is a key bearish trend line forming with resistance near $1,775 on the hourly chart of gold. Crude oil price declined sharply below $72.00 and $70.00 levels. There was a break above a major declining channel with resistance near $66.50 on the hourly chart of XTI/USD. Gold Price Technical Analysis Gold price started a fresh decline from well above the $1,820 pivot level against the US Dollar. The price declined heavily and it even broke the $1,800 support zone. The price even settled below the $1,800 level and the 50 hourly simple moving average. Finally, there was a break below the $1,780 support zone. A low was formed near $1,761 on FXOpen and the price is now correcting higher. Gold Price Hourly Chart There was a recovery wave above the $1,770 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $1,795 swing high to $1,761 high. An immediate resistance on the upside is near the $1,775 level. There is also a key bearish trend line forming with resistance near $1,775 on the hourly chart of gold. The next major resistance is near the $1,780 level. The 50% Fib retracement level of the recent decline from the $1,795 swing high to $1,761 high is also near $1,780. The main resistance is near the $1,800 level. A close above the $1,800 level could open the doors for a steady increase towards $1,820. The next major resistance sits near the $1,840 level. On the downside, an initial support is near the $1,765 level. The first major support is near the $1,760 level. A downside break below the $1,760 support zone may possibly spark a steady decline. In the stated case, the price could test the $1,720 support. Read Full on FXOpen Company Blog...  
    • ETHUSD and LTCUSD Technical Analysis – 02nd DEC, 2021 ETHUSD: Bullish Engulfing Pattern Above $4,400 Ethereum had a major bearish correction last week when it declined towards the $4,000 handle after touching a high of $4,551. ETHUSD started this week in a consolidation phase after which it had a bullish reversal towards $4,700 and touched an intraday high of $4,776 in today’s Asian trading session. We can clearly see a bullish engulfing pattern above $4,400 which signifies a trend reversal, and ETHUSD crossing $4,700. Ethereum price has retracted from its highs due to some profit-taking, but the bullish channel continues, and this week, we are aiming for the upsides of $4,700 and $4,900. ETH is now trading above its pivot level of $4,524 and moving in a mild bullish momentum. The price of ETHUSD has already broken its classic resistance level of $4,545, its Fibonacci resistance level of $4,555, and is now aiming towards the $4,600 handle in the US trading session. Moving averages are giving a NEUTRAL signal. ETH is now trading above both its 100 hourly and 200 hourly simple moving averages. Ethereum is in a mild bullish channel Short-term trend reversal seen above $4,400 All the major technical Indicators are giving NEUTRAL to SELL signals Average true range is indicating LESS market volatility Ether: Bullish Channel Towards $4,900 Confirmed ETHUSD is consolidating its gains above $4,500 in the European trading session and we can clearly see that the bullish channel is back. We are now aiming for the upsides of $4,600 to $4,700 in today’s US trading session. The retracement from $4,000 was very strong, which suggests that there is more room for upsides in Ethereum this month, and $5,500 is the next target. At present, technical indicators are giving a SELL signal which means that in the immediate short-term we will see a decline before the continuation of a bullish channel. ETH has declined by -4.26% with a price change of -202.85$ in the past 24hrs and has a trading volume of 26.670 billion USD. We can see a decrease of 11% in the trading volume as compared to yesterday, which means that new buyers are not entering the markets and waiting for further correction in the levels of Ethereum. Ethereum Gains in 2021 We have seen the prices of Ethereum increasing continuously throughout 2021. Starting from $730 on 1st Jan 2021, Ether is currently trading at $4,568, yielding a gain of 625% to its investors — more than Bitcoin during the same period of time. Ethereum’s performance in 2021 is commendable. The current market valuation of this second-largest cryptocurrency stands at 540.52 billon USD. A number of leading crypto analysts have also predicted that in the next 5 years, Ethereum could outperform bitcoin and become the topmost cryptocurrency in the world. The Week Ahead Ether is printing above $4,500 today, and this week, we could $4,700 to $4,900. The medium to long-term outlook for Ether in December remains bullish with targets of above $5,000. Ether has already broken its major resistance level of $4,580 and is now facing the next resistance level of $4,800. Technical Indicators: Commodity channel index (14-day): indicating a NEUTRAL market Moving averages convergence divergence (14-day): at -27.11 indicating a SELL Average directional change (14-day): indicating a NEUTRAL market Rate of price change: at -2.386 indicating a SELL Read Full on FXOpen Company Blog...
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