Gold Analysis: By analyzing the #Gold chart on the 2-hour timeframe, we observe that, as expected, the price had an initial negative reaction to the identified supply zone, dropping from $2527 to $2503! The total return so far has been over 230 pips, and currently, gold is trading around the $2510 range. We now need to…
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Gold News Gold Price Movement: Gold eased below $2,510 per ounce on Tuesday, despite strong expectations of US rate cuts and rising geopolitical risks. US Rate Cut Expectations: Federal Reserve Chair Jerome Powell confirmed a rate cut for September, with the Fed preparing to lower rates as inflation nears its 2% target and concerns about…
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Gold Analysis: By reviewing the #Gold chart on the 2-hour timeframe, we can see that today the price climbed to higher levels, reaching the $2525 range. Currently, there has been an initial reaction to this supply zone. The price is close to its historical high of $2531, and we need to see if it will stabilize…
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Gold News Gold Price: Gold is currently trading around $2,525 per ounce, near record levels, due to expectations of an interest rate cut in September. Federal Reserve Stance: Jerome Powell indicated that the Fed is ready to adjust rates based on future economic data, noting reduced inflation risks but increased job market risks. FOMC Confidence:…
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DXY Analysis : By reviewing the US Dollar Index chart on the daily timeframe, we can see that last week, the price reached its lowest level in a year, closing at 100.677. Given that the price has dipped below a liquidity pool, we might see an initial positive reaction at the beginning of the week, but…
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Tesla Analysis : By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price is moving towards the supply zone that we’ve marked on the chart. I expect that once the price enters the $233.5 to $274 range, we will see an initial negative reaction. However, keep in mind that…
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Gold Analysis: By reviewing the #Gold chart on the 2-hour timeframe, we can see that, as expected, after last night’s analysis, the price experienced a strong upward movement, rising from $2484 to $2502, fully filling the FVG that was mentioned. Currently, gold is trading around the $2500 level. If the price manages to close below $2495,…
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Gold Analysis: By reviewing the gold chart on the 2-hour timeframe, we can see that after our previous analysis, the price rose by about 50 pips and then faced selling pressure again upon reaching the $2510 zone. Following this, the price lost support at $2494 and dropped to $2471. Currently, gold is trading around $2484, and…
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Gold Analysis: By reviewing the #gold chart on the 2-hour timeframe, we can see that, as expected, the price sharply corrected to fill the FVG that had formed between $2506 and $2520. After entering the demand zone at $2506, gold experienced a strong upward movement, pushing back up to $2520! This analysis resulted in a gain…
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Gold News Gold Hits Record High: Gold prices surged to a new record high of $2,530 per ounce on Tuesday, before settling near $2,515 on Wednesday. Interest Rate Cut Expectations: Optimism surrounding potential interest rate cuts by the US Federal Reserve, expected in September, is driving gold prices higher. Markets anticipate a cut between 25…
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