Gold News Gold continued its decline on Friday, falling below $2,670, extending losses from the previous session as investors evaluated the latest economic data. US factory gate prices in November rose more than expected, sparking concerns that inflation could stay above the Federal Reserve’s target into 2025. Initial jobless claims surged unexpectedly to a two-month…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that the price has finally stabilized above $2700 after reaching $2727 and collecting liquidity above the $2721 level. Currently, it is trading around the $2710 zone. Considering the significant news scheduled for today, I anticipate heavy volatility for gold. After a minor correction,…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can observe that, as expected, the price experienced an impressive rally yesterday, reaching $2704 before undergoing a significant correction. The price reacted strongly to the supply zone we had identified on the chart, ultimately retracing to $2676. After reaching the critical demand zone at $2676,…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that after a rejection to $2656, the price was supported by demand (as expected) and is currently trading around $2674. If the price stabilizes above $2670, we could potentially see gold rise even to $2700! Keep an eye on gold’s reaction to the $2689-$2695…
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Gold News Gold Price Increase: Gold climbed above $2,660 per ounce, marking a second consecutive session of gains. China’s Policy Shift: China’s Politburo announced plans to loosen monetary policy for the first time in 14 years to stimulate the economy, boosting commodities. China’s Gold Reserves: China’s central bank increased its gold reserves for the first…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is…
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Ethereum Analysis: By analyzing the #Ethereum chart on the weekly timeframe (logarithmic), we observe that, as we expected, the price has increased by 74%, starting from the $2,300 range and hitting all the targets of $2,820, $3,079, $3,700, and $4,090! Note that the price experienced a correction exactly after reaching the $4,090 target and is currently…
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Gold News Gold Prices Steady Near $2,650: Gold was treading water early Monday near $2,650 per ounce as broader markets rallied. Interest Rates and Gold Competitiveness: Lower borrowing costs reduce the opportunity cost of holding non-yielding assets like gold, potentially making it more attractive to investors. Market Rally Due to Trump’s Agenda: Stocks hit record…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that despite all the ups and downs experienced yesterday, the price is still trading around $2638, remaining within the same neutral range of the past 10 days. As you know, today we have the NFP report release. If the report comes out lower than…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price has been trading in a neutral range for over 9 trading days without following a specific trend. Considering the liquidity voids and FVGs above the chart, I expect that with a price stabilization above $2640, we could soon witness a strong…
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