Bitcoin Analysis: By reviewing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around the $59,500 level. The key level to watch tonight is whether Bitcoin can hold above $58,700. In my opinion, Bitcoin is likely to soon rally towards $63,400. However, once it reaches this level, we might…
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Gold Analysis: By reviewing the 2-hour gold chart, we see that, as expected, gold entered the $2470 range and then experienced a sharp drop, correcting by 380 pips down to $2432! This was one of the most exciting analyses of the week. Currently, the price is trading around $2471, and we need to watch closely to…
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Gold News Gold rose to $2,468 per ounce on Friday, continuing its upward trend and on track to post a weekly gain after a previous decline. The metal’s appeal as a safe-haven asset remains strong amid rising Middle East tensions, particularly concerns about potential Iranian retaliation against Israel. Strong US economic data, including unexpectedly high…
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Gold Analysis: By reviewing the 2-hour gold chart, we observe that after yesterday’s drop from $2480 to $2438, the price stabilized a bit in the $2438 to $2444 range. With increased demand, it has managed to rise to $2466 so far! The purpose of this rise was to fill the liquidity gap that was created yesterday.…
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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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