Gold News Gold Prices : Steady above $2,400 level. Spot gold at $2,415.35 per ounce. U.S. gold futures down 0.3% at $2,419.00. Bullion hit a record high of $2,449.89 on Monday. Factors Supporting Gold : Fiat currency debasement by the U.S. and developed nations due to rising budget deficits. Stimulus fiscal policy may erode confidence…
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Gold Analysis: By examining the gold chart on the 15-minute timeframe, we observe that as expected, it faced a significant decline upon entering the specified supply range and managed to drop by 220 pips to the level of $2418! Currently, the price is trading around $2419, and two next scenarios have been identified on the chart.…
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Ethereum Analysis: By examining the #Ethereum chart in the weekly timeframe (logarithmic), we observe that due to the likelihood of an upcoming Ethereum ETF approval, this cryptocurrency has experienced an attractive growth. From the previous analysis until now, it has achieved over a 30% increase, reaching $3,800! The next targets for Ethereum are, in order: $4,100,…
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Bitcoin Analysis: Upon reviewing the latest #Bitcoin chart in the weekly timeframe (logarithmic), we observe that since the previous analysis, Bitcoin has successfully achieved more than a 15% increase, managing to penetrate above $70,000 once again! Considering the price movements and the momentum, I expect we will soon witness an explosive move from Bitcoin! This movement,…
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Gold Analysis: Upon reviewing the gold chart on a 15-minute timeframe, we observe that the price is currently trading around $2423. It is likely that in the initial movement, we will see an increase to the range of $2428.5 to $2433. Following that, once the price enters the specified range, we may witness another drop in…
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Gold News Asian stocks dipped, while the dollar remained stable as investors awaited the Federal Reserve’s meeting minutes for clues on potential rate cuts. Gold retreated from its all-time high, and crude oil fell due to concerns over prolonged high U.S. interest rates. Cryptocurrencies like ether and bitcoin reached six-week highs, fueled by rumors of…
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EUR/USD Analysis: Upon reviewing the EUR/USD chart on the 4-hour timeframe, we observe that the price, after accumulating liquidity above 1.08860, underwent a correction. Currently, the price is re-entering the Bearish Order Block ahead and we are still witnessing an IMBALANCE or FVG prior to the specified order block. This fact significantly increases the importance of…
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Gold Analysis: By checking the gold chart in the weekly time frame, we see that today’s price was able to reach a new ATH of $2450 by conquering the previous peak! As you know, there was a liquidity pool above the previous ATH , and for this reason, the price has faced a slight correction after…
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Gold News Gold Price Surge: Gold reached a new high of $2,440 an ounce due to expectations of a Federal Reserve rate cut and increased demand for safe assets amid geopolitical risks. Geopolitical Tensions: The death of Iranian President Ebrahim Raisi in a helicopter crash has led to political uncertainty in the Middle East. Concurrently,…
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Gold Analysis: Upon reviewing the gold chart in the 4-hour timeframe, we observe that the price, following our analysis, managed to rise by 170 pips to $2387. Since the range of $2386 to $2397 is an important supply zone, the price reaction to it was negative, and currently, gold is trading around $2383. If the price…
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