Gold News Gold prices increased for the third consecutive session, with investors anticipating U.S. inflation data. Spot gold gained 0.4% to $2,381.13 per ounce by 0704 GMT.U.S. gold futures rose 0.3% to $2,386.20. weaker dollar made gold more attractive to other currency holders. The June Consumer Price Index (CPI) report is expected at 1230 GMT…
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Gold Analysis: By Analyzing the #Gold chart on the 4-hour time frame, we observe that, as expected, gold faced heavy selling pressure after an initial rise to the $2368 area yesterday. It corrected over 190 pips, dropping to $2349.5, hitting our first two targets. Subsequently, gold gathered liquidity below $2351, encountered buying pressure, and managed to…
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Gold News Gold prices increased on Wednesday ahead of key U.S. inflation data, which could influence the Federal Reserve’s interest rate decisions. Spot gold rose 0.4% to $2,372.87 per ounce by 0705 GMT.U.S. gold futures climbed 0.5% to $2,378.40. Fed Chair Jerome Powell mentioned that inflation had been improving, suggesting that more positive data could…
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EUR/USD Analysis: By reanalyzing the EUR/USD chart on a 2-hour timeframe, we observe that after an attractive rise, this currency pair encountered selling pressure upon reaching the supply zone at 1.083 and is currently trading around 1.08120. If the price can stabilize below this level, we will likely see further declines to lower levels. This analysis…
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GBP/USD Analysis: By analyzing the GBP/USD chart, we observe that the price started to rise exactly as we expected from the specified area, achieving a gain of over 170 pips and reaching the supply zone of 1.28470! As you can see, after reaching this zone, the price experienced a correction and is currently trading around 1.27840.…
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Tesla Analysis : By analyzing #Tesla ‘s stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we…
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Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we see that the price initially rose to $2377, as expected, and then began to decline, also as anticipated. As mentioned, I expected an upward move first, followed by a decline. This happened exactly, with gold dropping sharply from $2379 to $2351, resulting in a…
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Gold News Gold prices rose slightly due to a soft dollar, with spot gold at $2,363.71 and U.S. gold futures at $2,369.80. Investors are awaiting Federal Reserve Chair Jerome Powell’s testimony and June inflation data. Powell’s testimony may impact gold prices, especially if economic weakness is implied. U.S. unemployment rate increased to 4.1%, leading to…
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Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we observe that based on the latest analysis from Friday, gold experienced an initial drop but then saw renewed demand, eventually rising to $2393 and closing above this liquidity pool. After that, we saw that with the market opening, gold experienced a significant drop, correcting…
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Gold News Gold prices eased on Monday but stayed near a more than one-month high. Softer U.S. data boosted expectations of a Fed rate cut in September. Spot gold was down 0.2% at $2,385.88 per ounce; U.S. gold futures eased 0.1% to $2,394.50. Friday’s data showed a 2-1/2-year high unemployment rate of 4.1%, indicating a…
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