Bitcoin Analysis: Bitcoin surged over 12% to nearly $63,000 as former President Trump confirmed his attendance at Bitcoin 2024. Despite a failed assassination attempt, Trump remains a strong Bitcoin supporter, advocating for crypto-friendly regulations. Analyzing the Bitcoin chart on the weekly timeframe, we see that the price, as expected, rebounded from our demand zone and has…
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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,…
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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…
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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…
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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…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that the price is currently trading around $2382. In a few minutes, we will have CPI statistics, and if these figures exceed the predicted rate, it could lead to a decline in gold prices or vice versa! Possible scenarios include the price initially…
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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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Bitcoin Analysis: By Analyzing the #Bitcoin chart on the weekly time frame, we observe that the price has maintained its support level and is currently trading around $58,000. Yesterday, Bitcoin managed to rise to $59,500. Let’s see if the price can successfully push above $60,000 again this week or not. Holding above $60,000 is crucial as…
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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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