Gold Analysis: By checking the gold chart in the 2-hour time frame, we see that the price is moving towards the FVG range indicated on the chart ($2350 to $2360) as expected! With the price entering this range, we can expect more correction of gold! So be sure to keep an eye on this range today!(This Post on TradingView)…
Read more
Gold News Gold futures rose 0.2% to $2,339.9 a troy ounce. This increase follows losses from Friday’s session, which closed at a two-week low. Focus is on the upcoming U.S. Personal Consumption Expenditures (PCE) price index, due Friday. The PCE index is the Federal Reserve’s preferred inflation measure and may indicate future monetary easing. High…
Read more
Gold Analysis: Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price…
Read more
Gold News Gold Prices : Gold prices reached a two-week low and are on track for the largest weekly decline in over five months. Federal Reserve Impact : The decline follows a hawkish stance in the U.S. Federal Reserve minutes, reducing expectations of interest rate cuts. Current Prices : Spot gold increased slightly by 0.4%…
Read more
Gold Analysis: By examining gold in the 1-hour time frame, we can see that the price experienced a heavy drop after yesterday’s analysis, which was due to the fact that the Federal Reserve announced that the interest rate will remain high for a longer period of time! Currently, gold is trading in the range of $2367…
Read more
Gold News Gold Prices Decline : Gold prices fell to a one-week low, continuing a three-session decline due to profit-taking and indications from the Federal Reserve that interest rates would remain high for longer. Current and Historical Prices : Spot gold dropped 0.7% to $2,361.76 per ounce, hitting a low of $2,354.79 earlier. It reached…
Read more
EUR/USD Analysis: By examining the EUR/USD chart on the 4-hour timeframe, we observe that, as expected, the euro entered the specified supply range and hit our first bearish target with a 52-pips return! Additionally, due to the positive reaction after entering the demand zone, we might witness an initial upward movement. I hope you find this…
Read more
Gold Analysis: By examining the gold chart on the 15-minute timeframe, we observe that the price has once again started to rise as expected, filling the FVG range between $2425 and $2427.5. However, after reaching this zone, it faced selling pressure and declined to $2410.7. The performance of this analysis has yielded over 230 pips since…
Read more
Gold News Gold Prices : Steady above $2,400 level. Spot gold at $2,415.35 per ounce. U.S. gold futures down 0.3% at $2,419.00. Bullion hit a record high of $2,449.89 on Monday. Factors Supporting Gold : Fiat currency debasement by the U.S. and developed nations due to rising budget deficits. Stimulus fiscal policy may erode confidence…
Read more
Gold Analysis: By examining the gold chart on the 15-minute timeframe, we observe that as expected, it faced a significant decline upon entering the specified supply range and managed to drop by 220 pips to the level of $2418! Currently, the price is trading around $2419, and two next scenarios have been identified on the chart.…
Read more
