Gold News Gold continues to hover near record highsSpot gold is trading around $3,871.99/oz, slightly below Wednesday’s peak of $3,895.09/oz. Rate‑cut hopes + U.S. government shutdown fuel supportIncreased concern over the U.S. shutdown and weak economic data have pushed markets to price in a pretty high chance of a 25 bps cut soon. Safe‑haven demand…
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Gold Analysis: By analyzing the gold chart on the 1-hour timeframe, we can see that after reaching the $3,784 supply zone, the price faced selling pressure and corrected down to $3,754. But with the start of the new week, gold continued its rally, hitting a new high at $3,831. As I mentioned in previous analyses, gold…
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Gold News Gold breaks $3,800 mark — new record highSpot gold shot past $3,800/oz, touching $3,814.91 in the rally. Rate‑cut hopes + weak dollar fuel the runA softer U.S. dollar and expectations of further Fed easing (October, December cuts) are inflating gold’s appeal. Safe‑haven demand surges amid macro risksGovernment shutdown fears and inflation pressures are…
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Gold Analysis: By analyzing the gold chart on the 1-hour timeframe, we can see that once again the price moved exactly as expected, entering the $3,711–$3,726 demand zone. As soon as it reached this level, demand pushed gold up to $3,784, giving us more than 620 pips in returns! Always pay attention to the key points…
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Silver Analysis: By analyzing the Silver chart on the 2-hour timeframe, we can see that after correcting down to $44.18, the price gained demand again and has so far climbed to $45.80. This move has delivered over 5% (215 pips) in returns! Based on the current trend, I expect this bullish move to continue — so…
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Gold News Gold holds ground near $3,748.41/ozSpot gold is stable at $3,748.41, after earlier volatility as U.S. economic data softened rate‑cut expectations. Rate‑cut hopes moderatedStronger U.S. data (e.g. declining jobless claims, robust Q2 GDP) cooled some expectations for aggressive Fed easing later in the year. Support from tariffs and safe‑haven buyingNew U.S. tariffs (effective Oct…
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Gold Analysis: By analyzing the #gold chart on the 1-hour timeframe, we can see that yesterday the price finally started a correction, dropping to $3,717. From this key psychological level, demand stepped in and pushed gold strongly up to $3,761. Currently, gold is trading around $3,740, but it hasn’t fully stabilized yet. For that, the…
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Silver Analysis: By analyzing the Silver chart on the 2-hour timeframe, we can see that, as expected, the price first tested the $44.47 resistance and then had a small pullback. After finding demand again around $43.65, silver continued its rally and managed to hit both targets at $44.60 and $44.80, even reaching as high as $45.07.…
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Gold News Gold slips from record highSpot gold retreated to around $3,734.58/oz, down ~0.8%, after hitting a new all-time high of $3,790.82 earlier this week. Markets await key U.S. dataInvestors are watching upcoming PCE inflation and weekly jobless claims for clues on the Fed’s next policy steps. Rate‑cut expectations remain firmDespite the pullback, traders still…
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Gold Analysis: By analyzing the gold chart on the 1-hour timeframe, we can see that, as expected from yesterday’s analysis, the price first dropped into the $3,748–$3,757 demand zone. Once it hit this key level, strong demand pushed gold up from $3,750 to $3,779. Currently, gold is trading around $3,762. We now need to see if…
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