Gold News Gold prices hit a two-week high due to falling U.S. bond yields and signs of a cooling labor market. Spot gold was up 0.4% at $2,363.03 per ounce, with U.S. gold futures rising 0.3% to $2,381.80. Analysts expect the Federal Reserve to cut rates twice this year, starting in September. A Reuters poll…
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Gold News Spot gold increased by 0.1% to $2,330.70 per ounce. U.S. gold futures rose by 0.1% to $2,350.30 per ounce. Weaker U.S. dollar and lower Treasury yields contributed to the rise. The dollar recovered slightly after hitting a two-month low. 10-year Treasury yields remained near their lowest level in almost three weeks. Analysts are…
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Gold Analysis: By analyzing the gold chart on the 2-hour timeframe, we observe that yesterday, after reaching the $2342 range, the price declined and managed to correct to $2335. Subsequently, when it moved towards the Bearish Order Block for further liquidity accumulation ($2342 to $2356), it experienced a more significant drop and is currently trading around…
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Tesla Analysis : Upon reviewing the chart for #Tesla stock, we see that the price is giving more weight to our analysis and is currently trading around $176. It seems likely that we will soon witness further declines. The potential downside targets for this analysis are $168, $139, and $119. (This analysis will be updated.)(This Post on TradingView) Author : Arman…
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Bitcoin Analysis: By analyzing the weekly (logarithmic) chart of #Bitcoin , we observe that the price has been trading around the $70,000 range for the twelfth consecutive week, showing no clear trend! Despite this sideways movement, I remain bullish on Bitcoin. My targets are $77,000, $85,000, and ultimately $100,000!(This Post on TradingView) Author : Arman Shaban To see more analyzes of…
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Gold News Gold Movement : Gold fell slightly by 0.1% to $2,348.59 per ounce after rising 1% the previous session. U.S. gold futures were unchanged at $2,368.80. Upcoming U.S. Jobs Data : Investors await the ADP employment report on Wednesday and non-farm payrolls data on Friday for insights on the Federal Reserve’s rate decisions. Technical…
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Gold Analysis: By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow by 100 pips and reached $2342. However, it then faced selling pressure and is currently trading in the range of $2336. The overall performance of this analysis has yielded more than 180 pips so far!…
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Gold Analysis: By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow again to the supply zone of $2360. Afterward, it experienced a significant decline, hitting all the previously announced targets. The lowest level at which the price corrected was $2315. Once it entered this demand zone,…
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Gold News Spot Gold : Spot gold remained nearly unchanged at $2,322.53 per ounce as of 0342 GMT. It had risen nearly 2% in May. U.S. Gold Futures : U.S. gold futures fell 0.1% to $2,342.70. Market Catalysts : Traders are closely watching U.S. economic data, including jobs data and the Institute of Supply Management’s…
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Gold Analysis: Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2350 to $2337! Subsequently, gold rebounded with demand and is currently trading in the range of $2343. It’s possible that after an upward movement, we might witness further decline in gold prices. As for the Core PCE Price…
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