Gold News Gold Rally: Gold climbed to $2,700 per ounce on Friday, marking its fifth consecutive session of gains and a nearly 5% weekly increase, driven by safe-haven demand amid rising geopolitical risks. Geopolitical Tensions: Ukraine launched its second Western-supplied missile into Russia. Russia retaliated by firing its first intercontinental ballistic missile at Ukraine on…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price continues to rise due to escalating tensions between Russia and Ukraine, as well as Hezbollah and Israel. The price has been extending its rally since yesterday and is currently trading around $2665. In my opinion, after such a significant…
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Gold News Gold Rally: Gold rose above $2,670 per ounce on Thursday, marking its fourth consecutive session of gains as geopolitical tensions drove safe-haven demand. Geopolitical Factors: Ukraine launched Western-supplied long-range weapons, escalating tensions with Russia. President Putin expanded Russia’s nuclear doctrine, heightening global concerns. The US vetoed a UN resolution for a Gaza ceasefire,…
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Gold News Gold Rally: Gold rose to $2,640 per ounce, marking its third consecutive session of gains due to increased demand for safe-haven assets. Geopolitical Tensions: Renewed tensions between Russia and Ukraine, including Ukraine’s missile strike on a Russian border region and Putin’s expanded nuclear doctrine, boosted gold’s appeal. Recovery: Gold has recovered 38% of…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we see that price followed the forecasted upward movement but didn’t stop at the $2606 to $2618 range. This was primarily due to the escalation in tensions between Ukraine and Russia, which further boosted gold prices. Currently, gold is trading around $2631, and we need to…
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Gold News Gold Recovery: Gold rebounded to $2,620 per ounce on Tuesday, marking its highest level in a week after snapping a six-day losing streak. Goldman Sachs Outlook: Analysts at Goldman Sachs advised investors to “go for gold,” projecting prices to reach $3,000 by December 2025 due to factors like increased central bank demand, interest…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that the market opened today with a positive price gap between $2563 and $2566. Given the current price trend, I anticipate a potential price correction soon to fill this gap. Additionally, with the recent rally in gold, we’ve seen the previous FVG from the…
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Gold News Gold Price: Gold rose near $2,600/oz on Monday after rebounding from its largest weekly drop since 2021. US Dollar: The rally in the US dollar paused, supporting gold’s recovery. US Economic Data: October retail sales exceeded expectations, highlighting economic resilience. Federal Reserve: Mixed signals from Fed officials created uncertainty about the timing and…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we can observe that after dropping to $2537, a significant liquidity gap was created. Subsequently, gold managed to stabilize above $2560 and $2565, forming a new bullish order block. Currently, the price is consolidating above this order block, and if it successfully holds above $2560, we…
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EUR/USD Analysis: Analyzing the #EURUSD chart in the daily timeframe, we can observe that the price is currently trading around the demand zone of 1.056. having declined over 500 pips from previous highs. This decline has brought the price into a significant demand zone between 1.0520 and 1.0580, where we anticipate a potential bullish reaction. If…
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