Gold News Gold rose above $2,450 per ounce after a decline, as investors analyzed US CPI data. US inflation eased to 2.9% in July, below the 3% forecast, with the core rate at a three-year low of 3.2%. Markets expect the Fed to lower rates in September, but rising monthly inflation dampened hopes for a…
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Gold Analysis: By Reviewing the 2-hour gold chart, we observe that the price is currently trading around $2473 and today it managed to break above $2477, gathering liquidity above this level. As you know, today we have the CPI data release. If the data comes in higher than the forecast, it could lead to a drop…
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Gold Analysis: Upon reviewing the 2-hour chart of gold, we see that yesterday, the price did not meet the condition we set for a drop (staying below $2439) and instead started to rise further. It reached the second supply zone of $2473 to $2484, then corrected by 180 pips down to $2458. Currently, gold is trading…
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Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that, as expected, the price was able to rise to our desired supply zone at $2444. Currently, we don’t see any signs of a price reversal on the chart. If the price can break below $2439 and stabilize, we can expect the next…
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Gold News Gold rose to $2,442 per ounce on Monday as investors shifted their focus to upcoming US inflation data this week for clues on the Federal Reserve’s monetary policy path. Expectations of a Fed rate cut in September remain, though market opinions are divided following positive US job data, which eased recession concerns. Gold’s…
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Gold Analysis: By examining the #gold chart in the 2-hour timeframe, we observe that last week the price closed at $2431. I expect that with the market opening, after an initial rise to the range of $2442 to $2455, the price will likely decline again. The potential targets for this decline are $2417, $2405, and $2400,…
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GBP/USD Analysis: By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price has entered our desired supply zone as expected and has shown an initial reaction to this level. I expect this pair to decline in price with the market opening, with the first target being 1.27050.(This Post on TradingView) Author : Arman Shaban To see more…
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EUR/USD Analysis: By examining the EUR/USD chart in the 4-hour timeframe, we observe that the price is currently around 1.09160, and I expect this pair to decline further with the market opening. The first potential target for EUR/USD is 1.08820. This analysis will be updated.(this post on tradingview) Author : Arman Shaban To see more analyzes of Gold…
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Ethereum Analysis: By examining the #Ethereum chart in the weekly timeframe (logarithmic), we observe that last week, the price entered the desired demand zone and, after dropping to $2110, encountered buying pressure again. Currently, it has managed to rise over 20% and is trading around $2500. As you know, this support level is crucial for the…
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Dogecoin Analysis: By examining the #Dogecoin chart in the weekly timeframe (logarithmic), we observe that after dropping to $0.080 last week, the price saw heavy demand and increased by 30%, reaching $0.105. Currently, Dogecoin is trading above 10 cents, and we need to see if the price will successfully stabilize above 10 cents in the coming…
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