Gold Analysis: Analyzing the gold chart on the 4-hour timeframe, we observe that in the last trading day of the previous week, before attempting to establish a new high, the price faced a correction from the $2786 level and has since declined, reaching as low as $2747. Currently, gold is trading around $2761, and if the…
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Gold Analysis: Analyzing the 4-hour chart of gold, we observe that the price reacted to the expected levels of $2,755, $2,757, and $2,759 yesterday, followed by a strong breakout to hit our anticipated target of $2,770. Currently trading at $2,777, gold shows no signs of rejection or a significant pullback. As the final trading day of…
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Gold News Gold Prices Surge: Spot gold jumped 0.6% to $2,770.39 per ounce, reaching a three-month high of $2,777.10 earlier in the day. It’s set for a fourth straight weekly gain, up over 2% this week. Dollar Weakens: The dollar is down over 1% for the week, its worst weekly fall in two months, making…
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Gold Analysis: By examining the gold chart in the 4-hour timeframe, we see that the price had a correction to the range of $2740 yesterday and today, which was again accompanied by demand pressure. Currently, it is trading in the range of $2753. Likely, with the pullback, the price has gathered more liquidity and now has…
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EUR/USD Analysis: By analyzing the #EURUSD chart on the 3-day timeframe, we can see that the price finally hit the 1.044 target, delivering a 250-pip return. Currently, EUR/USD is trading around the 1.041 level. If a strong rejection occurs at this zone, we can anticipate a potential drop toward 1.035 as the first target and 1.025…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that after yesterday’s analysis and the initial reaction to the designated zone, the price continued its upward movement. Following minor reactions to the $2742 and $2753 levels, gold experienced further growth and has so far managed to reach $2763. It seems this momentum…
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Gold Analysis: By analyzing the 4-hour gold chart, we see that the price finally broke out of the neutral range of $2702-$2714 today, reaching as high as $2733 and clearing liquidity above $2727. After this liquidity grab, gold experienced a slight correction, retracing to $2717. Currently, the price is trading around $2722. As the New York…
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Gold Analysis: By analyzing the 4-hour gold chart, we observe that after reaching $2717, the price was rejected as expected, followed by a 280-pips correction down to $2689, hitting our identified target. Currently, gold is trading around $2707. If it stabilizes below $2710, we could anticipate further declines. Otherwise, gold might rise toward $2714, $2717, and…
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Gold News Gold Prices: Gold rose to $2,711.29 per ounce on Monday, supported by a weaker dollar, while U.S. gold futures traded at $2,752.40. Key Drivers: Investors are awaiting Donald Trump’s inauguration speech for clarity on trade policies, inflation outlook, and the Federal Reserve’s future interest rate decisions. Dollar Impact: A weaker dollar boosts gold’s…
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Gold Analysis: Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717. If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively,…
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