Gold News Gold Prices: Gold is holding steady around $2,655 per ounce after a 1% gain in the previous session. Market Focus: Investors are assessing the Federal Reserve’s interest rate outlook after recent inflation data. US Economic Data: Producer prices in the US were steady in September, while jobless claims surged, raising doubts about the…
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Gold Analysis: Gold Price Overview: Currently, the price of gold is hovering around $2656.99. Recently, gold has seen a slight increase, driven by several factors such as inflation concerns, recent CPI and PPI reports, and geopolitical tensions. Key Influencing Factors: Technical Analysis: Outlook: Given the economic and geopolitical landscape, gold remains in a bullish trend. Traders…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that after experiencing a stop hunt below the $2,605 level yesterday, the price rebounded and rose to $2,647. As previously mentioned, the $2,646 level was a key supply zone, which is why Gold showed a negative reaction upon reaching this level. Currently,…
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Gold News Gold Price Surge: Gold surged to near $2,650 per ounce following a hotter-than-expected CPI report for September. Inflation Data Impact: September’s CPI rose 2.4% annually, beating expectations of 2.3%. Although it was lower than August’s 2.5%, it reignited inflation concerns, boosting demand for safe-haven assets like gold. Market Reaction: Gold prices increased by…
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Gold Analysis: By analyzing the Gold chart on the 1-hour timeframe, we can see that after entering the desired demand zone, the price started to rise and is currently trading around $2,617. Considering that the US CPI data will be released today and I expect the actual value to be equal to or lower than the…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that the price is currently trading around the $2,620 level. I expect that after a short correction to fill the liquidity gap, the price will start to rise. I have drawn the potential schematic of this movement on the chart. The demand…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that the price started to drop earlier than expected (from the $2,653 level), and unfortunately, our sell position was not triggered. Gold experienced a strong decline, correcting over 480 pips down to $2,604! This sharp drop has created a large liquidity gap,…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that after entering the demand zone of $2,625 to $2,632, the price was met with buying pressure and has now risen to $2,651. There are several key supply levels ahead that we need to focus on. The first and one of the…
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Gold News Gold Prices: Gold prices remained stable at $2,639.45 per ounce, while US gold futures dipped 0.2% to $2,661.80. Factors Affecting Gold: A stronger dollar and rising bond yields have put pressure on gold, but geopolitical tensions (e.g., Hezbollah’s rocket fire at Haifa) are supporting its safe-haven appeal. Upcoming Data: Investors are awaiting the…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that the price opened the market with a negative gap (due to a decreased probability of an Israeli attack on Iran two hours before the market opened). Gold initially corrected down to $2,640 but then experienced an upward move, reaching $2,660 in…
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