Gold News Gold Price: Steadied around $2,410 per ounce on Tuesday after a decline of over 1% in the previous session. Safe-Haven Appeal: Gold’s upside bias remains due to its appeal as a safe-haven asset amid increased market risk aversion. Economic Concerns: Investors are evaluating the likelihood of a US recession following weak economic data…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that the price continued its decline and entered the demand zone at $2365. Following this, there was a strong demand surge, and moments ago, the price even rose to $2395. Considering the heavy decline, a significant liquidity gap (FVG) has formed, which…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that, as per our previous analysis, gold successfully filled the targeted FVG and hit the targets of $2450 and $2456. Immediately after reaching these targets, it experienced a heavy drop and is currently trading around $2388, having corrected over 700 pips. The…
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Gold News Gold’s price initially fell over 1% but rebounded to trade around $2,440 an ounce. Concerns about a deepening US economic slowdown and the Federal Reserve’s potential delay in rate cuts impacted equity markets. Concerns about a US recession and a potential dovish pivot by the Federal Reserve are influencing gold prices. US economic…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that on Friday, the price managed to surge to $2478, hitting our target levels, and then entered the marked supply zone (Bearish Rejection Block). This was followed by a heavy correction from $2478 to $2410, a drop of more than 680 pips…
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GBP/USD Analysis: By analyzing the #GBPUSD chart on the 4-hour time frame, we observe that the price encountered strong selling pressure upon reaching the marked supply zone on the chart (1.2820 to 1.2865) and corrected down to 1.27840. The last traded price (close) for GBPUSD is 1.27993, and if the price stabilizes below this level, we…
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EUR/USD Analysis: By analyzing the #EURUSD chart on the 4-hour time frame, we observe that on Friday, the price reached the Bearish Order Block around 1.09240 and finally showed an initial negative reaction after a significant upward movement. The last traded price in EURUSD was 1.09097, and if the price can stabilize below this critical resistance…
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Gold Analysis: As we expected and mentioned in both our technical and fundamental analysis, I anticipated the NFP figure to be lower than the forecasted rate, and that’s exactly what happened. The actual figure came in at 114K, which is lower than the forecasted rate of 176K! This led to a spectacular rise in gold prices,…
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Gold Analysis: As you can see, gold started to decline from the supply zone at $2460 and corrected down to $2430. However, it then faced a surge in demand and was able to climb up to $2468.5. Currently, gold is trading around $2459. If today’s NFP data is announced to be lower than the forecasted rate,…
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Gold Analysis: By analyzing the #Gold chart in the 2-hour timeframe, we can see that the gold price continued its upward movement due to tensions in the Middle East, reaching up to $2,458.5. Gold futures also set a new all-time high in the Asian session today, climbing to $2,502. Currently, the spot gold price is trading…
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