Gold News Precious metal prices extend their winning streak due to optimism over upcoming Federal Reserve interest rate cuts. Gold (XAUUSD) hit an all-time record of $2,480 per ounce during the Asian session on Wednesday. Traders are confident and increasing their long positions, fueled by favorable economic data and Jay Powell’s positive comments on inflation.…
Read more
Gold Analysis: By analyzing the #Gold chart in the 6-hour timeframe, we observe that the price dropped to $2420 after last night’s analysis. However, it then saw increased demand and rose to $2443! Gold is now trading in the specified supply zone ($2439), and we need to see if it will be rejected from this zone…
Read more
Gold News Fed chief Jay Powell said inflation is moving sustainably towards the 2% target. Gold prices (XAUUSD) advanced after Powell’s speech. Gold rose to a two-month high of $2,440 per ounce, coming off a three-week winning streak. Gold is nearing its all-time high of $2,450 per ounce hit in May. Powell’s speech raised hopes…
Read more
Gold Analysis: By analyzing the 6-hour chart of gold, we observe that, as expected, the price rose to $2439, entering its old supply zone (Bearish OB). It then experienced a strong reaction, dropping from $2439 to $2425, and is currently trading around $2427. We need to see whether the price decline will continue from this level…
Read more
Gold Analysis: By analyzing the 6-hour chart of #gold, we observe that, as expected, gold experienced a decline and corrected to $2391 with a yield of 280 pips. Subsequently, the price saw a resurgence in demand and has risen to $2416 so far. The important supply levels are $2418.5 to $2424.6 and $2429 to $2433. The…
Read more
EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we observe that the price is trading around the 1.09090 level. As you know, the price is within a supply zone. However, given the context, we are likely to see this resistance break. If the support holds within the 1.088 to 1.08880 range, we can…
Read more
Gold News Gold prices dipped on Monday due to a firm dollar. Investors are awaiting economic data and comments from Federal Reserve officials for U.S. interest rate cues. Spot gold was down 0.4% at $2,402.82 per ounce; U.S. gold futures were down 0.5% at $2,408.50. The dollar rose after an attempted assassination of Donald Trump,…
Read more
Gold Analysis: By examining the #Gold chart on the 4-hour timeframe, we observe that after trading around $2419 last night, gold entered a significant supply zone between $2407 and $2450 (Daily Bearish Order Block). As expected, the price declined from this zone and dropped to $2398, resulting in approximately 200 pips of profit. Currently, gold is…
Read more
Gold News Gold prices dipped 0.3% to $2,407.31 per ounce, but were up 0.5% for the week. U.S. gold futures fell 0.4% to $2,412.50. Weaker-than-expected U.S. inflation data boosted expectations for September rate cuts. Markets now see a 93% chance of a September rate cut, up from 70%. Lower interest rates reduce the opportunity cost…
Read more
Gold Analysis: As we saw, the CPI statistics were released, and the actual figures were lower than the forecasted ones. This caused the gold price to start rising according to the first scenario, penetrating above $2393 to gather liquidity. Subsequently, it managed to fill its old FVG by rising to $2413. After that, gold faced selling…
Read more
