Gold News Gold prices edged up by 0.2%, with spot gold now glistening at $2,332.09 per ounce and U.S. gold futures holding steady at $2,346.80. U.S. retail sales barely budged in May, and the previous month’s data took a significant hit, pointing to sluggish economic activity. This has sparked fresh hopes for a Federal Reserve…
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Gold Analysis: By analyzing the gold chart on the 4-hour time frame, we see that, based on yesterday’s analysis, the price started to rise and hit the targets of $2323 and nearly $2328. After that, it began to correct and filled the Fair Value Gap (FVG) in the $2309 to $2315 range. It then rose again…
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Gold News Gold prices edged higher on Tuesday as Treasury yields eased. Spot gold increased by 0.2% to $2,323.97 per ounce, and U.S. gold futures rose 0.4% to $2,339.00. Lower 10-year Treasury yields made gold more attractive, with the dollar holding steady. Market participants are awaiting U.S. data and comments from Federal Reserve officials for…
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Gold Analysis: In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range.…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour time frame, we can see that, as expected, after gathering liquidity below the 1.06715 level, the price faced renewed demand pressure. It is currently rising and trading around the 1.07120 range. Based on our analysis, I expect this growth to continue until the identified Fair Value…
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Gold News Gold prices dropped to around $2,320 per ounce on Monday, pressured by higher US Treasury yields. The previous week saw gold rise by over 1%. Market participants are awaiting further cues to gauge the Federal Reserve’s monetary policy trajectory. US consumer prices remained steady in May for the first time in nearly two…
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Gold Analysis: By analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295. As previously mentioned, the $2295 to $2303 range was a…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after a significant drop, the price finally entered the demand zone between 1.067 and 1.069. Following the accumulation of liquidity below 1.06740, there was a surge in demand, and the pair is currently trading around 1.06980. The substantial decline in…
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Gold News Gold prices rose by 0.4% to $2,311.39 per ounce on Friday. U.S. gold futures increased by 0.4% to $2,326.40. Gold is set for its first weekly gain in four weeks, with a 0.5% increase so far. U.S. economic data indicates softening price pressures. Optimism is growing about a potential Federal Reserve rate cut.…
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Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that after rising to $2342, the price declined and is currently trading around $2307. There is a possibility that if the PPI data comes in higher than the forecasted rate, it could lead to a further drop in gold prices.(This Post on TradingView) Author : Arman ShabanTo see…
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