Gold Analysis: In the 4-hour timeframe, we can see that after reaching $2697 and hitting all targets last Friday, gold eventually closed around the $2690 zone. Today, gold showed a bearish sentiment, dropping by over 300 pips and correcting to as low as $2664. Currently, gold is trading around $2670, and if it stabilizes below this…
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USD/JPY Analysis : Upon analyzing the USD/JPY chart in the daily time frame, we see that the pair is currently trading around the 157.060 level. Given the recent price action, I anticipate a significant correction in USD/JPY in the near future. The first potential target for this decline is 156.25, so keep a close eye on…
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Gold News Gold Prices: Steadied at ~$2,685 on safe-haven demand amid uncertainty surrounding Trump’s policies. Trump’s Impact: Proposed tariffs could spark trade wars and inflation, benefiting gold as a hedge. U.S. Jobs Data: A stronger-than-expected jobs report highlighted a robust labor market, boosting the dollar and weighing on gold. Market Performance: Spot gold fell 0.1%…
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Gold Analysis: As observed on the 4-hour chart, gold performed exceptionally well yesterday, aligning with our expectations by reaching the $2679 level. This remarkable move added another impressive gain to our portfolio, with total returns exceeding 600 pips so far! When gold hit the $2679 mark yesterday, it experienced a sharp decline, as anticipated, since this…
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Gold Analysis: In the 4-hour timeframe, Gold has impressively reached all the targets from the previous analysis ($2655, $2661, $2666, and $2673), even surpassing them to touch $2674! This bullish momentum could extend further, with $2679 identified as the next target. Keep a close eye on the price’s reaction within the $2679 to $2692 range. Key…
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Gold Analysis: Gold prices, in the 4-hour time frame, performed exactly as expected yesterday. It saw a strong rally, hitting the target of $2656 and reaching as high as $2664, entering the marked supply zone. Following this, gold experienced a sharp drop to $2642. Currently, gold is trading around $2650, and if it stabilizes above $2644,…
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Gold News Gold prices edged up on Wednesday, with spot gold rising 0.1% to $2,653.04 per ounce, as of 0844 GMT, and U.S. gold futures remaining unchanged at $2,666.70. The market’s focus has shifted to key U.S. jobs reports due later this week, including the nonfarm payrolls report on Friday, which could influence the Federal…
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Gold Analysis: Gold followed our expectations perfectly, showing an impressive rally and hitting the targets of $2638 and $2647, yielding a gain of 160 pips! After reaching the second target, gold retraced to $2615, where it encountered renewed demand, pushing the price back up. Currently, it’s trading around $2648. This bullish momentum may continue, so keep…
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Gold News Spot gold rose 0.3% to $2,642.32 per ounce, and U.S. gold futures gained 0.2% to $2,653.60. The weaker U.S. dollar due to uncertainty around President-elect Donald Trump’s tariff plans supported gold prices. The dollar index eased to a one-week low amid speculation of softer tariff policies, though Trump denied the reports. Traders are…
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Gold Analysis: Based on the 4-hour gold chart analysis, we observe that the price followed the second scenario from the previous analysis. Failing to break and hold above $2662, it experienced a deeper pullback, correcting down to $2625. Currently, gold is trading around $2633, and if it manages to hold above $2626, we can expect further…
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