Gold News Gold Decline: Gold fell below $2,730 per ounce on Monday as safe-haven demand eased after Israel’s restrained strikes on Iran, which avoided major sites like oil and nuclear facilities. Market Focus: Investors are closely watching US economic data this week, including PCE inflation, Q3 GDP estimates, and payrolls, for insights into the Federal…
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Gold Analysis: By analyzing the #Gold chart in the 30-minute timeframe, we can see that after the price successfully hit our first three targets yesterday, it went through a correction and has now retraced as far as $2717. Note that there is a price gap between $2715.5 and $2716.5, which I expect to be filled as…
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Gold News Gold Decline: Gold eased below $2,720 per ounce on Friday, after a rise in the previous session. Dollar & Treasury Yields: The strength of the US dollar and Treasury yields outweighed gold’s safe-haven appeal. US Economic Data: Strong US economic data, including a sharp drop in unemployment claims and a rise in the…
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Gold Analysis: By analyzing the #Gold chart in the 30-minute timeframe, we can see that last night the price dropped to $2708. As I mentioned, due to the sharpness of this drop, I expected the liquidity gap created by the decline to be filled quickly. We saw the price rise from the $2708 demand zone up…
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Gold News Gold Rebound: Gold rose above $2,737 per ounce in a technical rebound after a 1% decline in the previous session. Pullback Factors: The previous drop was due to a stronger US dollar and rising Treasury yields, driven by expectations of a cautious Federal Reserve approach to monetary easing. Safe-Haven Demand: Gold’s upside remains…
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Gold Analysis: Gold is experiencing a sharp decline, and the heavier this drop gets, the larger the liquidity gap becomes, increasing the likelihood that this gap will be filled sooner. In my opinion, this drop is preparing new buyers for the next bullish wave, which will likely be triggered by the potential future conflict between Israel…
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Gold Analysis: By analyzing the gold chart in the 15-minute timeframe, we can see that, as expected, gold successfully hit the targets of $2738.5, $2740, and $2743.7 yesterday, and ultimately achieved over 250 pips of profit, setting a new record at $2758.8! After reaching this price level, we witnessed a drop in gold to $2743, which…
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Gold News Gold Surge: Gold hit a new all-time high at $2,758.8, before easing slightly to $2,750 due to profit-taking. Futures: U.S. gold futures dropped by 0.2% to $2,753.40. Safe-Haven Demand: Both gold and the U.S. dollar are benefiting from safe-haven flows due to geopolitical tensions in the Middle East and the upcoming U.S. election.…
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Gold Analysis: By analyzing the gold chart in the 15-minute timeframe, we can see that the price is currently trading around the $2734 level. At the moment, the $2728 to $2730 range has become a key support zone for gold. Given that a liquidity pool has formed around the $2738.5 level and another one above $2740,…
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Gold News Gold Price Surge: Gold climbed to around $2,730 per ounce, hitting new record highs due to increased demand for safe-haven assets. Middle East Tensions: Heightened tensions between Hezbollah and Israel are contributing to gold’s appeal. US Elections Uncertainty: Concerns over the upcoming US presidential elections are driving demand for safe-haven investments. Monetary Policies:…
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