Gold News Gold Prices : Spot gold fell by 0.5% to $2,348.45 per ounce, and U.S. gold futures dropped 0.9% to $2,354. Recent Highs : Prices reached the highest level since April 22 on the previous Friday. Upcoming Reports : The U.S. producer price index (PPI) and consumer price index (CPI) reports are due for…
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Gold Analysis: As we identified in today’s gold analysis, the range from $2369 to $2379 was an important supply zone. I expected the price to first rise to this level and then experience a drop, which is exactly what happened! Gold initially rose to $2372 and then, under selling pressure, fell by more than 150 pips,…
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NASDAQ Analysis: After examining the NASDAQ chart on a 4-hour timeframe, we noticed that the price, following our previous analysis, experienced a drop of 170 pips and managed to correct to 17,970. Subsequently, it regained demand and moved towards the second supply zone. Today, as the NASDAQ index reached 18,250, we witnessed a significant drop from…
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Gold Analysis: By checking the gold chart in the 2-hour time frame, we can see that yesterday’s price started growing earlier than we expected and was able to increase by more than 700 pips to $2379! Now gold is trading in the range of $2361 and we will probably see more price correction! The supply ranges…
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Gold News Gold Price Increase : Gold reached its highest price since the April crash due to expectations of Federal Reserve interest-rate cuts. June Gold Futures : They rose 1.4% to $2,373.6 per troy ounce, with a peak at $2,377.2, the highest since April 22. April Peak and Drop : Gold hit an all-time high…
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Gold Analysis: Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone…
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Gold News Gold Prices : Spot gold was stable at $2,310.47 per ounce, with U.S. gold futures slightly down by 0.2% to $2,317.30. U.S. Economic Data : Investors are awaiting weekly jobless claims, consumer sentiment readings, and consumer price index data for cues on potential Federal Reserve interest rate cuts. Market Expectations : There’s a…
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Gold Analysis: Upon reviewing the $GOLD chart in the 2-hour timeframe, we observe that the price, after rising to $2320, faced a correction and is currently trading around $2310. The significant demand level remains at $2291 to $2303, and I anticipate that entering this zone could lead to an upward movement. I hope you make the…
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Gold Analysis: In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an…
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NASDAQ Analysis: As I mentioned last night, Nasdaq in the 4-hour timeframe is close to an important supply zone (18,085 to 18,175 and 18,250 to 18,340). It is likely that we will soon witness a decline in Nasdaq. The potential targets for this decline are, in order, 17,940, 17,780, and 17,670. Be sure to keep an…
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