Gold News Gold held above $2,640 per ounce on Wednesday as markets assessed political and monetary developments. US job openings exceeded expectations, showing resilience in the labor market. Focus shifts to Friday’s non-farm payrolls report and Fed officials’ speeches for clues on monetary policy. Odds of a 25bps Fed rate cut stand at 73%, supporting…
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Gold Analysis: Analyzing the gold chart in the 4-hour timeframe, we see that after today’s analysis, the price rose to $2656, followed by a correction. Later, with the release of the JOLTS Job Openings data, gold experienced a further decline, eventually rebounding from the $2635 level. Currently, gold is trading around $2648, with the possibility of…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level. This analysis will be updated as the situation develops!(This Post on TradingView) Author : Arman ShabanTo see more analyzes of Gold , Forex Pairs…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that gold extended its correction earlier today, dropping as low as $2,622 after the market opened. Upon reaching this demand zone, it experienced a strong rebound, surging over 220 pips to currently trade around $2,645. This upward momentum could potentially continue towards higher levels.…
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Gold News Gold dropped below $2,630 as the US dollar strengthened, ending a four-session rally. Key upcoming US data includes job openings, wage growth, manufacturing, services, and unemployment rates. Fed Chair Jerome Powell and other officials are set to speak this week. Inflation progress has stalled, slowing the Fed’s rate-cut pace. Markets expect a 65%…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that, as expected yesterday, the price continued its upward move, delivering an additional 200 pips of profit as it reached the supply zone at $2,666. Following this, as anticipated, the price reacted to the supply level and corrected downward by 100 pips to…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we can observe that, as expected, gold prices have started rising to fill the anticipated FVG. So far, it has delivered over 200 pips of profit, reaching the $2,654 range! Currently, gold is trading around $2,649, and this analysis remains valid. Keep an eye on the…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we can observe that yesterday, following the announcement of a potential ceasefire between Lebanon and Israel, gold experienced a significant drop, correcting by over 800 pips down to $2,605. This sharp decline created a major liquidity gap, which I anticipate will likely be filled as prices…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observed that today, after the market opened, gold prices dropped sharply from $2720 to $2658. This created a liquidity void, which I anticipated would soon be filled. As a result, we’ve seen gold climb back to the $2689 range so far. I still expect the…
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Gold News Gold Pullback: Gold fell below $2,700 per ounce on Monday, experiencing a technical pullback after a sharp decline from $2,720 to $2,658, following last week’s 6% rally driven by safe-haven demand amid escalating Russia-Ukraine tensions. Geopolitical Tensions: Putin signaled potential use of a new missile following Ukraine’s deployment of US and UK-made weapons…
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