Gold News Gold Price: Gold remains near $2,670 per ounce, trading at record levels. Upcoming US PCE Report: Markets are awaiting the US PCE report for more clarity on the Federal Reserve’s monetary policy. Recent US Data: Market Expectations: Fed funds futures show a 49% chance of a 50 basis point rate cut in November.…
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Bitcoin Analysis: Given the recent rise of #Bitcoin in the weekly time frame and reaching $65,000, as expected, strong support was established at $52,750, and the price did not break below $49,000. In this scenario, the short-term targets for Bitcoin are at $67,700 and $71,800. Additionally, based on previous analyses, Bitcoin’s mid-term target is $80,000. With…
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Gold Analysis: By analyzing the 5-minute gold chart, we can see that, as expected, gold started its upward movement from $2658 and reached the key supply level of $2667. The gain from this move was approximately 90 pips, and after hitting the key supply level, it dropped to $2660, bringing the total gain from this trading…
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Gold Analysis: By analyzing the 5-minute gold chart, we can see that the price is currently trading around the $2658 level. As long as the $2655 support holds, we can expect an upward movement towards the $2665 to $2668 range as the first bullish target. Keep in mind that once gold reaches the $2665 to $2668…
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Gold Analysis: By analyzing the #gold chart on the 2-hour timeframe, we can see that the price has risen to $2640, marking a new high. These days, we are witnessing gold setting new all-time highs daily, and many analysts, including myself, expect that if the downward trend in interest rates and the conflict between Israel and…
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EUR/USD Analysis: By analyzing the #EURUSD chart on the 4-hour timeframe, we can see that the price is currently trading around the 1.11360 level. I expect the price to rise to 1.11560 to fill the FVG, and after seeing a suitable negative reaction, we can look to join with another Sell position! (This analysis will be…
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Gold News Gold reached a record high of $2,630.93, with spot gold up 0.2% at $2,628.25, driven by the Federal Reserve’s interest rate cuts and geopolitical risks in the Middle East. Gold has increased over 27% this year, aiming for its largest annual rise since 2010. U.S. gold futures also rose by 0.3% to $2,653.00.…
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Gold Analysis: Upon analyzing the gold chart on the 2-hour timeframe, we can see that after yesterday’s analysis, the price started dropping exactly as expected and hit nearly all three targets (the final target was $2,567, and gold managed to drop to $2,569). After this drop, gold saw renewed demand and today was able to climb…
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Gold News Gold traded at a new all-time high of around $2,606 per ounce on Friday, as markets continued to assess monetary policy decisions from major central banks while rising geopolitical risks supported demand for safe-haven assets. The Fed made its first interest rate cut since 2020, reducing the rate by 50 basis points, with…
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Gold Analysis: Upon revisiting the gold chart on the 2-hour timeframe, we can see that last night, after gold surged to $2,600 and reached this key psychological level, it faced selling pressure and dropped to the important $2,550 level. If you recall, in previous analyses, we had mentioned this level as the final target for gold’s…
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