Gold News Gold Hits Record High: Gold rose above $2,520 per ounce on Tuesday, setting a new record high. Less-Restrictive Monetary Policies: Expectations of less-restrictive monetary policies by major central banks are driving the demand for safe-haven assets like gold. US Fed Rate Cut Expectations: Continued disinflation in the US has raised expectations of 100…
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Gold Analysis: By reviewing the latest #Gold chart on the 6-hour timeframe, we can see that the price has dropped over 230 pips since last night, and as expected, we’re starting to see the first signs of a price reversal on the chart! A large Fair Value Gap (FVG) between $2465 and $2486 was created on…
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Gold News Gold Hits Record High: Gold prices surged past $2,500 per ounce for the first time ever, closing at $2,510 with a 2.3% gain. Rate Cut Expectations: Traders are increasingly betting on interest rate cuts by the Federal Reserve, which is driving up gold prices. Economic Data: Positive US economic reports, including strong retail…
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Gold Analysis: By reviewing the latest #Gold chart on the 4-hour timeframe, we can see that on Friday, after reaching the target zone ($2471 to $2477), the price experienced only a brief negative reaction, which was quickly recovered, and finally managed to establish a new high, rising to $2509! Currently, there are no signs of a…
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Tesla Analysis : By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price started a significant decline from the $270 level, just as we anticipated, dropping by over 32% down to $180. At the time of this analysis, no one expected such a steep decline in Tesla’s stock, as…
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Bitcoin Analysis: By reviewing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around the $59,500 level. The key level to watch tonight is whether Bitcoin can hold above $58,700. In my opinion, Bitcoin is likely to soon rally towards $63,400. However, once it reaches this level, we might…
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Gold Analysis: By reviewing the 2-hour gold chart, we see that, as expected, gold entered the $2470 range and then experienced a sharp drop, correcting by 380 pips down to $2432! This was one of the most exciting analyses of the week. Currently, the price is trading around $2471, and we need to watch closely to…
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Gold News Gold rose to $2,468 per ounce on Friday, continuing its upward trend and on track to post a weekly gain after a previous decline. The metal’s appeal as a safe-haven asset remains strong amid rising Middle East tensions, particularly concerns about potential Iranian retaliation against Israel. Strong US economic data, including unexpectedly high…
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Gold Analysis: By reviewing the 2-hour gold chart, we observe that after yesterday’s drop from $2480 to $2438, the price stabilized a bit in the $2438 to $2444 range. With increased demand, it has managed to rise to $2466 so far! The purpose of this rise was to fill the liquidity gap that was created yesterday.…
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Gold News Gold rose above $2,450 per ounce after a decline, as investors analyzed US CPI data. US inflation eased to 2.9% in July, below the 3% forecast, with the core rate at a three-year low of 3.2%. Markets expect the Fed to lower rates in September, but rising monthly inflation dampened hopes for a…
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