Gold Analysis: By analyzing the gold chart on the 12-hour timeframe, we can see that the bullish momentum continues with no sign of slowing down, as gold pushed higher today to reach a new ATH at $3565! We’re now seeing record highs almost every hour, and gold is currently trading around $3565, facing no immediate resistance.…
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Gold News Gold consolidates near record highsSpot gold is sitting at about $3,534.88/oz, after touching an all-time intraday peak of $3,546.99 earlier in the session. Expectations of imminent Fed rate cuts are powering the rally. Rate-cut bets and trade tensions fueling demandInvestors are piling into gold amid growing belief in a Fed interest rate cut…
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Gold Analysis: By analyzing the gold chart on the 12-hour timeframe, we can see that today, gold finally managed to print a new All-Time High (ATH)! As anticipated, price broke above $3500 and rallied up to $3508, hitting our previous bullish target and sweeping the liquidity resting above the key $3500 level. After reaching $3508, gold…
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Gold News Gold races to an all-time high above $3,500/ozSpot gold surged past the $3,500 mark, reaching a record price of $3,508.70/oz, driven by mounting expectations for a U.S. Federal Reserve rate cut, a weaker dollar, and global market uncertainty. Markets pricing in aggressive rate cutsA softer dollar hovering near a five-week low combined with…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that today, as expected, gold continued its bullish move after the market opened and surged up to $3490, delivering an impressive gain of over 450 pips! After hitting this key level, selling pressure increased, leading to a pullback down to $3466. Currently,…
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