Gold Analysis: By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow by 100 pips and reached $2342. However, it then faced selling pressure and is currently trading in the range of $2336. The overall performance of this analysis has yielded more than 180 pips so far!…
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Gold Analysis: By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow again to the supply zone of $2360. Afterward, it experienced a significant decline, hitting all the previously announced targets. The lowest level at which the price corrected was $2315. Once it entered this demand zone,…
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Gold News Spot Gold : Spot gold remained nearly unchanged at $2,322.53 per ounce as of 0342 GMT. It had risen nearly 2% in May. U.S. Gold Futures : U.S. gold futures fell 0.1% to $2,342.70. Market Catalysts : Traders are closely watching U.S. economic data, including jobs data and the Institute of Supply Management’s…
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