Gold News Gold remains up 28% year-to-date, outperforming the S&P 500’s 25% gain, as it hovers around $2,620 per ounce. This stellar performance has been driven by aggressive Federal Reserve rate cuts, geopolitical tensions, and inflation concerns. Market players are now looking ahead to 2025, with mixed expectations following the Fed’s recent guidance. While higher…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price finally managed to rise to the $2,633 supply zone today. However, after reaching this significant level, it faced selling pressure and is currently trading around $2,622. Further price correction is likely from this level. The potential targets for this…
Read more
Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that the price continued its sharp decline following yesterday’s analysis, dropping over 250 pips to reach $2587. After hitting this level, renewed demand pushed the price higher, and gold is currently trading around $2603. It’s possible that we may see another correction from this…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that following the interest rate cut and Jerome Powell’s speech, gold experienced a massive drop, falling to $2,584 — a correction of more than 670 pips in a single day! This sharp decline created a large liquidity gap, which has since been partially filled…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that after collecting liquidity below $2635, the price faced renewed demand and successfully climbed above $2641. As a result, gold managed to rise to $2651, delivering a 100-pip return. Today, we have the US interest rate decision, which could bring significant volatility to…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, the price is still in the demand zone of $2635 to $2648 and hasn’t managed to break above $2666 yet. There’s a chance we’ll see further declines in gold. The key level for the next move is $2641. If the price stabilizes below $2641, more downside…
Read more
Gold Analysis: Analyzing the Gold chart in the 4-hour timeframe, we can observe that after a correction down to $2643, the price has resumed its upward movement and has so far climbed to $2660. It remains to be seen whether the key support zone between $2635 and $2648 will prevent further downside corrections. If the price…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price failed to maintain its bullish momentum yesterday. With news favoring the dollar index, gold experienced further declines, reaching $2664 so far. Now, we can expect an upward correction, likely followed by another drop before gold resumes its rally towards levels above…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that the price has finally stabilized above $2700 after reaching $2727 and collecting liquidity above the $2721 level. Currently, it is trading around the $2710 zone. Considering the significant news scheduled for today, I anticipate heavy volatility for gold. After a minor correction,…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can observe that, as expected, the price experienced an impressive rally yesterday, reaching $2704 before undergoing a significant correction. The price reacted strongly to the supply zone we had identified on the chart, ultimately retracing to $2676. After reaching the critical demand zone at $2676,…
Read more
