Gold News Gold Price: Gold remains near $2,670 per ounce, trading at record levels. Upcoming US PCE Report: Markets are awaiting the US PCE report for more clarity on the Federal Reserve’s monetary policy. Recent US Data: Market Expectations: Fed funds futures show a 49% chance of a 50 basis point rate cut in November.…
Read more
Bitcoin Analysis: Given the recent rise of #Bitcoin in the weekly time frame and reaching $65,000, as expected, strong support was established at $52,750, and the price did not break below $49,000. In this scenario, the short-term targets for Bitcoin are at $67,700 and $71,800. Additionally, based on previous analyses, Bitcoin’s mid-term target is $80,000. With…
Read more
Gold Analysis: By analyzing the 5-minute gold chart, we can see that, as expected, gold started its upward movement from $2658 and reached the key supply level of $2667. The gain from this move was approximately 90 pips, and after hitting the key supply level, it dropped to $2660, bringing the total gain from this trading…
Read more
Gold Analysis: By analyzing the 5-minute gold chart, we can see that the price is currently trading around the $2658 level. As long as the $2655 support holds, we can expect an upward movement towards the $2665 to $2668 range as the first bullish target. Keep in mind that once gold reaches the $2665 to $2668…
Read more
Gold News Gold prices extended their record run on Wednesday, briefly hitting $2,670 per ounce before pulling back below $2,660. Lower interest rates, following the Federal Reserve’s rate cut last week, and escalating tensions in the Middle East contributed to gold’s price surge. The Middle East tensions, specifically Israel’s attack on Hezbollah targets, boosted gold’s…
Read more
Gold Analysis: By analyzing the #gold chart on the 2-hour timeframe, we can see that the price has risen to $2640, marking a new high. These days, we are witnessing gold setting new all-time highs daily, and many analysts, including myself, expect that if the downward trend in interest rates and the conflict between Israel and…
Read more
EUR/USD Analysis: By analyzing the #EURUSD chart on the 4-hour timeframe, we can see that the price is currently trading around the 1.11360 level. I expect the price to rise to 1.11560 to fill the FVG, and after seeing a suitable negative reaction, we can look to join with another Sell position! (This analysis will be…
Read more
Gold News Gold prices steadied near $2,627.43 per ounce on Tuesday after reaching a record high of $2,635.29 the previous day. U.S. gold futures remained nearly unchanged at $2,652.50. Gold prices are supported by dovish comments from U.S. Federal Reserve officials, who hinted at more rate cuts, with 75 basis points of cuts expected by…
Read more
Gold News Gold reached a record high of $2,630.93, with spot gold up 0.2% at $2,628.25, driven by the Federal Reserve’s interest rate cuts and geopolitical risks in the Middle East. Gold has increased over 27% this year, aiming for its largest annual rise since 2010. U.S. gold futures also rose by 0.3% to $2,653.00.…
Read more
Gold Analysis: Upon analyzing the gold chart on the 2-hour timeframe, we can see that after yesterday’s analysis, the price started dropping exactly as expected and hit nearly all three targets (the final target was $2,567, and gold managed to drop to $2,569). After this drop, gold saw renewed demand and today was able to climb…
Read more
