Gold News Gold prices rose 0.1% to $2,461.27 per ounce, nearing a record high, driven by expectations of a U.S. rate cut in September. U.S. gold futures increased by 0.2% to $2,465.00. Analysts predict gold could surpass $2,500 due to economic uncertainty and upcoming U.S. elections. Fed officials signal a shift toward looser monetary policy.…
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Gold Analysis: By analyzing the #Gold chart in the 6-hour timeframe, we observe that, as expected, gold moved higher to gather liquidity above the previous high of $2450. However, it did not stop there; the buying pressure remains high, and gold has recorded a new high, reaching $2482.4! Currently, gold is trading around $2473, and only…
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Gold News Precious metal prices extend their winning streak due to optimism over upcoming Federal Reserve interest rate cuts. Gold (XAUUSD) hit an all-time record of $2,480 per ounce during the Asian session on Wednesday. Traders are confident and increasing their long positions, fueled by favorable economic data and Jay Powell’s positive comments on inflation.…
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Gold Analysis: By analyzing the #Gold chart in the 6-hour timeframe, we observe that the price dropped to $2420 after last night’s analysis. However, it then saw increased demand and rose to $2443! Gold is now trading in the specified supply zone ($2439), and we need to see if it will be rejected from this zone…
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Gold News Fed chief Jay Powell said inflation is moving sustainably towards the 2% target. Gold prices (XAUUSD) advanced after Powell’s speech. Gold rose to a two-month high of $2,440 per ounce, coming off a three-week winning streak. Gold is nearing its all-time high of $2,450 per ounce hit in May. Powell’s speech raised hopes…
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Gold Analysis: By analyzing the 6-hour chart of gold, we observe that, as expected, the price rose to $2439, entering its old supply zone (Bearish OB). It then experienced a strong reaction, dropping from $2439 to $2425, and is currently trading around $2427. We need to see whether the price decline will continue from this level…
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Gold Analysis: By analyzing the 6-hour chart of #gold, we observe that, as expected, gold experienced a decline and corrected to $2391 with a yield of 280 pips. Subsequently, the price saw a resurgence in demand and has risen to $2416 so far. The important supply levels are $2418.5 to $2424.6 and $2429 to $2433. The…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we observe that the price is trading around the 1.09090 level. As you know, the price is within a supply zone. However, given the context, we are likely to see this resistance break. If the support holds within the 1.088 to 1.08880 range, we can…
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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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