Gold News Gold prices rose slightly due to a soft dollar, with spot gold at $2,363.71 and U.S. gold futures at $2,369.80. Investors are awaiting Federal Reserve Chair Jerome Powell’s testimony and June inflation data. Powell’s testimony may impact gold prices, especially if economic weakness is implied. U.S. unemployment rate increased to 4.1%, leading to…
Read more
Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we observe that based on the latest analysis from Friday, gold experienced an initial drop but then saw renewed demand, eventually rising to $2393 and closing above this liquidity pool. After that, we saw that with the market opening, gold experienced a significant drop, correcting…
Read more
Gold News Gold prices eased on Monday but stayed near a more than one-month high. Softer U.S. data boosted expectations of a Fed rate cut in September. Spot gold was down 0.2% at $2,385.88 per ounce; U.S. gold futures eased 0.1% to $2,394.50. Friday’s data showed a 2-1/2-year high unemployment rate of 4.1%, indicating a…
Read more
Gold Analysis: As expected, with the actual NFP figure exceeding the forecast, we saw an initial drop in gold prices. Gold fell from $2369 to $2349, hitting our first target with a 200-pip drop right after the news was released. However, given the mixed data, gold quickly recovered and even surged to $2376.Currently, gold is trading…
Read more
Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that the price is trading around $2364 and is close to the supply zone of $2369 to $2387. Today, we have the NFP report being released, and if the actual figures exceed the forecasted numbers, we are likely to see the dollar index…
Read more
EUR/USD Analysis: By analyzing the EUR/USD chart in the 2-hour time frame, we can see that the price managed to rise significantly yesterday, reaching above 1.080 and hitting all the targets we had set! The overall return on this analysis was 87 pips, and after reaching the supply zone at 1.08175, the price faced a correction…
Read more
Gold News Gold Prices: Little changed on Thursday near a two-week high after softer-than-expected U.S. economic data spurred hopes of interest rate cuts as early as September. Spot Gold: Unchanged at $2,357.78 per ounce as of 0959 GMT; hit highest level since June 21 on Wednesday. U.S. Gold Futures: Down 0.1% at $2,366.20. Previous Session:…
Read more
Gold Analysis: By analyzing the gold chart in the 4-hour time frame, we can see that the price started to rise exactly as we expected, hitting targets of $2355 and $2360! After the price entered this range and rose to $2365, we saw a price correction, and now, with a 100-pip drop, gold is trading around…
Read more
Gold Analysis: By analyzing the #Gold chart in the 4-hour time frame, we can see that the price finally started to rise according to the main analysis, hitting targets of $2340 and $2346. Gold is currently trading in the $2348.5 range. If it continues to rise according to the analysis, the next targets will be $2355…
Read more
EUR/USD Analysis: By analyzing the EUR/USD chart in the 2-hour time frame, we can see that the price started to rise according to our analysis and is currently trading in the 1.076 range with a return of 40 pips. The next potential targets are 1.07770 and 1.080, respectively.(this post on tradingview) Author : Arman Shaban To see more…
Read more
