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…
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Gold News Gold Price: Gold traded at $2,629 per ounce on Monday, supported by a softer US dollar after a benign PCE inflation report, raising hopes for Fed monetary easing in 2024. Fed Policy Impact: Gold hit a one-month low recently but regained momentum after the Fed signaled a measured pace of rate cuts. Physical…
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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…
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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…
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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…
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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…
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Gold News Gold dropped to $2,640 on Tuesday as investors awaited the Fed’s two-day meeting and 2025 outlook. The Fed is expected to cut rates by 25bps, but uncertainty remains about the extent of future easing due to inflation concerns under the incoming Trump administration. US private sector activity grew faster in December, potentially limiting…
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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…
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Gold News Gold Price: Gold traded above $2,660 per ounce as markets awaited the Federal Reserve’s policy decision. Fed Policy: The Fed is expected to announce a 25bps rate cut, boosting gold’s appeal by lowering the opportunity cost of holding non-yielding assets. Geopolitical Tensions: Israel’s air and ground attacks in Gaza increased demand for gold…
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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…
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