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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Gold Analysis: By reviewing the latest #gold chart on the 2-hour timeframe, we can see that after yesterday’s analysis and reaching the key level of $2486, the price was met with strong demand and has since established a new all-time high, reaching $2531! With this recent rise, a Fair Value Gap (FVG) has formed in the…
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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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