Gold News Rate Hold Projection: The Federal Reserve is expected to keep the interest rate flat at 5.50%. Gold Prices Rise: Gold prices have increased for the second straight day, reaching $2,420 per ounce, up more than $40 from the previous day’s opening level of $2,377 per ounce. Market Expectations: The rise in gold prices…
Read more
Gold Analysis: By analyzing the gold chart in the 2-hour timeframe, we can see that, as expected, gold started to rise and hit the targets of $2394 , $2400 , and $2404 , and even managed to reach $2411! Currently, gold is trading around $2404. We might see a short correction soon, and if the price…
Read more
Gold Analysis: Upon reviewing the 2-hour chart of #gold, we observe that yesterday’s price initially rallied, maintaining support at $2389 and rising to $2396. However, this was short-lived as gold faced selling pressure, correcting down to $2369. As highlighted on the chart, the $2365 to $2375 zone is a significant demand zone, where the price respected…
Read more
Bitcoin Analysis: Analyzing the #Bitcoin chart on the weekly timeframe, we observe that after entering our targeted supply zone, the price experienced an initial correction and dropped to $63,500. Subsequently, it encountered increased demand and was able to rise to $70,000 yesterday. As we know, $70K is a significant psychological resistance level, so the price reacted…
Read more
Gold News Support Factors: Anticipated interest-rate cuts in the U.S. and renewed interest from Western investors are expected to support gold prices. Demand Increase: Gold demand rose 4% year-on-year to 1,258 metric tons in the second quarter, the highest since 2000. Record Prices: Prices hit a record of $2,427 per troy ounce, with an average…
Read more
Gold Analysis: By analyzing the #gold chart on the 2-hour timeframe, we observe that, as expected, the price continued its upward movement with the market opening. It managed to completely fill the targeted Fair Value Gap (FVG) and hit the $2393 target! Ultimately, gold reached up to $2403.3, providing us with nearly 500 pips of profit.…
Read more
Gold News Current Price: Gold rose above $2,400 per ounce on Monday but now the price is $2391 (SPOT GOLD) Rate Cut Expectations: Hopes for Federal Reserve rate cuts are driving gains, with markets fully pricing in a rate cut in September and two additional cuts by the end of the year. June PCE Reading:…
Read more
Gold Analysis: By examining the #gold chart on the 2-hour timeframe, we observe that, as expected, the gold price experienced further growth and managed to hit the target of $2381.5, even reaching $2391. Currently, gold is trading around the $2385 range, and we need to see tonight’s closing price to predict the potential price trend for…
Read more
Gold Analysis: By reviewing the 2-hour timeframe chart of #gold, we can see that after the analysis I shared last night, the price began to rise again from the same demand zone we were looking at. It gained over 260 pips, reaching up to $2379.5. Currently, the price is trading around $2375, and if it stabilizes…
Read more
Gold News Gold prices have risen but are expected to end the week with a modest loss due to profit-taking and negative sentiment in the commodities market. Futures are trading 0.7% higher at $2,369.80 per troy ounce after dropping in the previous session due to stronger-than-expected U.S. 2Q GDP data. Traders continue to anticipate that…
Read more
