Gold News Gold prices dipped on Monday due to a firm dollar. Investors are awaiting economic data and comments from Federal Reserve officials for U.S. interest rate cues. Spot gold was down 0.4% at $2,402.82 per ounce; U.S. gold futures were down 0.5% at $2,408.50. The dollar rose after an attempted assassination of Donald Trump,…
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Gold Analysis: By examining the #Gold chart on the 4-hour timeframe, we observe that after trading around $2419 last night, gold entered a significant supply zone between $2407 and $2450 (Daily Bearish Order Block). As expected, the price declined from this zone and dropped to $2398, resulting in approximately 200 pips of profit. Currently, gold is…
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Gold News Gold prices dipped 0.3% to $2,407.31 per ounce, but were up 0.5% for the week. U.S. gold futures fell 0.4% to $2,412.50. Weaker-than-expected U.S. inflation data boosted expectations for September rate cuts. Markets now see a 93% chance of a September rate cut, up from 70%. Lower interest rates reduce the opportunity cost…
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Gold Analysis: As we saw, the CPI statistics were released, and the actual figures were lower than the forecasted ones. This caused the gold price to start rising according to the first scenario, penetrating above $2393 to gather liquidity. Subsequently, it managed to fill its old FVG by rising to $2413. After that, gold faced selling…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that the price is currently trading around $2382. In a few minutes, we will have CPI statistics, and if these figures exceed the predicted rate, it could lead to a decline in gold prices or vice versa! Possible scenarios include the price initially…
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Gold News Gold prices increased for the third consecutive session, with investors anticipating U.S. inflation data. Spot gold gained 0.4% to $2,381.13 per ounce by 0704 GMT.U.S. gold futures rose 0.3% to $2,386.20. weaker dollar made gold more attractive to other currency holders. The June Consumer Price Index (CPI) report is expected at 1230 GMT…
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Bitcoin Analysis: By Analyzing the #Bitcoin chart on the weekly time frame, we observe that the price has maintained its support level and is currently trading around $58,000. Yesterday, Bitcoin managed to rise to $59,500. Let’s see if the price can successfully push above $60,000 again this week or not. Holding above $60,000 is crucial as…
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Gold Analysis: By Analyzing the #Gold chart on the 4-hour time frame, we observe that, as expected, gold faced heavy selling pressure after an initial rise to the $2368 area yesterday. It corrected over 190 pips, dropping to $2349.5, hitting our first two targets. Subsequently, gold gathered liquidity below $2351, encountered buying pressure, and managed to…
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Gold News Gold prices increased on Wednesday ahead of key U.S. inflation data, which could influence the Federal Reserve’s interest rate decisions. Spot gold rose 0.4% to $2,372.87 per ounce by 0705 GMT.U.S. gold futures climbed 0.5% to $2,378.40. Fed Chair Jerome Powell mentioned that inflation had been improving, suggesting that more positive data could…
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EUR/USD Analysis: By reanalyzing the EUR/USD chart on a 2-hour timeframe, we observe that after an attractive rise, this currency pair encountered selling pressure upon reaching the supply zone at 1.083 and is currently trading around 1.08120. If the price can stabilize below this level, we will likely see further declines to lower levels. This analysis…
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