Gold News Gold nears record highsSpot gold is at $3,552.71/oz, up ~0.2% today, inching closer to this week’s all‑time high of $3,578.50. Bullish momentum remains strong, with the metal poised for its biggest weekly gain in three months. Markets eye U.S. jobs data and Fed signalsInvestors are bracing for the upcoming U.S. non-farm payroll report.…
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Gold Analysis: By analyzing the gold chart on the 12-hour timeframe, we can see that the bullish momentum continues with no sign of slowing down, as gold pushed higher today to reach a new ATH at $3565! We’re now seeing record highs almost every hour, and gold is currently trading around $3565, facing no immediate resistance.…
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Gold News Gold consolidates near record highsSpot gold is sitting at about $3,534.88/oz, after touching an all-time intraday peak of $3,546.99 earlier in the session. Expectations of imminent Fed rate cuts are powering the rally. Rate-cut bets and trade tensions fueling demandInvestors are piling into gold amid growing belief in a Fed interest rate cut…
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Gold Analysis: By analyzing the gold chart on the 12-hour timeframe, we can see that today, gold finally managed to print a new All-Time High (ATH)! As anticipated, price broke above $3500 and rallied up to $3508, hitting our previous bullish target and sweeping the liquidity resting above the key $3500 level. After reaching $3508, gold…
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Gold News Gold races to an all-time high above $3,500/ozSpot gold surged past the $3,500 mark, reaching a record price of $3,508.70/oz, driven by mounting expectations for a U.S. Federal Reserve rate cut, a weaker dollar, and global market uncertainty. Markets pricing in aggressive rate cutsA softer dollar hovering near a five-week low combined with…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that today, as expected, gold continued its bullish move after the market opened and surged up to $3490, delivering an impressive gain of over 450 pips! After hitting this key level, selling pressure increased, leading to a pullback down to $3466. Currently,…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from our analysis two days ago, the price began its bullish move from the $3383 zone and successfully hit all four targets at $3393, $3398, $3404, and $3409 — but it didn’t stop there! Gold continued its rally…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that, as expected, the price first moved toward the demand zone we highlighted on the chart and, after gaining strong buying pressure, pushed back up toward the 1.17 target. The pair is currently trading around 1.167.Now, we need to see whether the…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected, the price started a renewed bullish move after stabilizing above $3367 and managed to rally impressively up to $3394! Afterward, gold faced a pullback and is currently trading around $3383.However, it seems that gold doesn’t intend to drop further…
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Gold News Gold dips slightly amid dollar strengthSpot gold eased by ~0.2% to $3,384.49/oz, as the U.S. dollar firmed. Still, fears over Trump’s threat to fire Fed Governor Lisa Cook capped the downside. Fed uncertainty supports floor under pricesThe political heat around the Fed’s independence is keeping safe-haven buying alive. Markets eye key resistance zonesAnalysts…
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