Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that after a rejection to $2656, the price was supported by demand (as expected) and is currently trading around $2674. If the price stabilizes above $2670, we could potentially see gold rise even to $2700! Keep an eye on gold’s reaction to the $2689-$2695…
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Gold News Gold Price Increase: Gold climbed above $2,660 per ounce, marking a second consecutive session of gains. China’s Policy Shift: China’s Politburo announced plans to loosen monetary policy for the first time in 14 years to stimulate the economy, boosting commodities. China’s Gold Reserves: China’s central bank increased its gold reserves for the first…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is…
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Gold News Gold Prices Steady Near $2,650: Gold was treading water early Monday near $2,650 per ounce as broader markets rallied. Interest Rates and Gold Competitiveness: Lower borrowing costs reduce the opportunity cost of holding non-yielding assets like gold, potentially making it more attractive to investors. Market Rally Due to Trump’s Agenda: Stocks hit record…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that despite all the ups and downs experienced yesterday, the price is still trading around $2638, remaining within the same neutral range of the past 10 days. As you know, today we have the NFP report release. If the report comes out lower than…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price has been trading in a neutral range for over 9 trading days without following a specific trend. Considering the liquidity voids and FVGs above the chart, I expect that with a price stabilization above $2640, we could soon witness a strong…
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Gold News Gold Price: Held steady above $2,640 per ounce on Thursday, trading within a tight range. Fed Chair’s Remarks: Jerome Powell emphasized cautious rate reductions and highlighted the resilience of the US economy. Economic Data: Recent data showed a sharper-than-expected slowdown in the US services sector in November. Rate Cut Expectations: Increased likelihood of…
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Gold Analysis: Upon Analyzing the #gold chart on the 4-hour timeframe, we can see that the price remains within the same range without following a specific trend, but it has reacted to every level previously identified. It seems that gold is gradually gearing up for an upward movement, and we may soon witness a rise to…
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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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