Gold News Gold Price: Held steady above $2,640 per ounce on Thursday, trading within a tight range. Fed Chair’s Remarks: Jerome Powell emphasized cautious rate reductions and highlighted the resilience of the US economy. Economic Data: Recent data showed a sharper-than-expected slowdown in the US services sector in November. Rate Cut Expectations: Increased likelihood of…
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Gold Analysis: Upon Analyzing the #gold chart on the 4-hour timeframe, we can see that the price remains within the same range without following a specific trend, but it has reacted to every level previously identified. It seems that gold is gradually gearing up for an upward movement, and we may soon witness a rise to…
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Gold News Gold held above $2,640 per ounce on Wednesday as markets assessed political and monetary developments. US job openings exceeded expectations, showing resilience in the labor market. Focus shifts to Friday’s non-farm payrolls report and Fed officials’ speeches for clues on monetary policy. Odds of a 25bps Fed rate cut stand at 73%, supporting…
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Gold Analysis: Analyzing the gold chart in the 4-hour timeframe, we see that after today’s analysis, the price rose to $2656, followed by a correction. Later, with the release of the JOLTS Job Openings data, gold experienced a further decline, eventually rebounding from the $2635 level. Currently, gold is trading around $2648, with the possibility of…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level. This analysis will be updated as the situation develops!(This Post on TradingView) Author : Arman ShabanTo see more analyzes of Gold , Forex Pairs…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that gold extended its correction earlier today, dropping as low as $2,622 after the market opened. Upon reaching this demand zone, it experienced a strong rebound, surging over 220 pips to currently trade around $2,645. This upward momentum could potentially continue towards higher levels.…
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Gold News Gold dropped below $2,630 as the US dollar strengthened, ending a four-session rally. Key upcoming US data includes job openings, wage growth, manufacturing, services, and unemployment rates. Fed Chair Jerome Powell and other officials are set to speak this week. Inflation progress has stalled, slowing the Fed’s rate-cut pace. Markets expect a 65%…
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Bitcoin Analysis: Analyzing the #Bitcoin chart on the weekly timeframe, we observe that over the past week, Bitcoin experienced a correction after its rise to $99,588, pulling back by 8% and reaching $90,700. However, in the last two days, Bitcoin has shown renewed demand and has managed to climb back to the $98,000 level. The big…
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