Gold News Gold Price: Gold held near $2,500 per ounce as investors await the US jobs report for insights on potential Federal Reserve interest rate cuts. JOLTS Data: Wednesday’s JOLTS report showed a significant drop in job openings to 2021 lows, suggesting a slowing labor market. Interest Rate Expectations: The weaker labor market data has…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that after last night’s analysis, gold rose again to $2497 before experiencing a sharp decline down to $2471. After reaching this critical level, the price didn’t penetrate the liquidity pool below $2471 and instead rebounded to $2491 to fill the liquidity gap…
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Gold News Gold Prices: Gold held steady at $2,493.34 per ounce on Wednesday, following a recent drop. U.S. gold futures were almost unchanged at $2,524.80. Upcoming Economic Reports: Investors are focusing on the upcoming U.S. payrolls report, expected to show a rise of 165,000 jobs in August. Job openings data on Wednesday and employment reports…
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Gold Analysis: Upon re-examining the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price started to rise from the $2484 level and quickly increased by over 150 pips to reach $2502. After that, it experienced a sharp decline, correcting down to $2473! The total return from this analysis so far has…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price entered the $2506 level. After reaching this critical level, it reacted negatively and, according to the analysis, has dropped to $2486, hitting our target! The price might have an initial positive reaction around the $2485 to $2489…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that on Friday, gold faced selling pressure for the fourth time after rising to $2526, dropping as low as $2490! This drop created a large FVG (Fair Value Gap), which I expect to be filled soon with a price increase. This gap…
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