Gold News Gold Price Increase: Gold climbed above $2,660 per ounce, marking a second consecutive session of gains. China’s Policy Shift: China’s Politburo announced plans to loosen monetary policy for the first time in 14 years to stimulate the economy, boosting commodities. China’s Gold Reserves: China’s central bank increased its gold reserves for the first…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is…
Read more
Gold News Gold Prices Steady Near $2,650: Gold was treading water early Monday near $2,650 per ounce as broader markets rallied. Interest Rates and Gold Competitiveness: Lower borrowing costs reduce the opportunity cost of holding non-yielding assets like gold, potentially making it more attractive to investors. Market Rally Due to Trump’s Agenda: Stocks hit record…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that despite all the ups and downs experienced yesterday, the price is still trading around $2638, remaining within the same neutral range of the past 10 days. As you know, today we have the NFP report release. If the report comes out lower than…
Read more
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price has been trading in a neutral range for over 9 trading days without following a specific trend. Considering the liquidity voids and FVGs above the chart, I expect that with a price stabilization above $2640, we could soon witness a strong…
Read more
Gold News Gold Price: Held steady above $2,640 per ounce on Thursday, trading within a tight range. Fed Chair’s Remarks: Jerome Powell emphasized cautious rate reductions and highlighted the resilience of the US economy. Economic Data: Recent data showed a sharper-than-expected slowdown in the US services sector in November. Rate Cut Expectations: Increased likelihood of…
Read more
Gold Analysis: Upon Analyzing the #gold chart on the 4-hour timeframe, we can see that the price remains within the same range without following a specific trend, but it has reacted to every level previously identified. It seems that gold is gradually gearing up for an upward movement, and we may soon witness a rise to…
Read more
Gold News Gold held above $2,640 per ounce on Wednesday as markets assessed political and monetary developments. US job openings exceeded expectations, showing resilience in the labor market. Focus shifts to Friday’s non-farm payrolls report and Fed officials’ speeches for clues on monetary policy. Odds of a 25bps Fed rate cut stand at 73%, supporting…
Read more
Gold Analysis: Analyzing the gold chart in the 4-hour timeframe, we see that after today’s analysis, the price rose to $2656, followed by a correction. Later, with the release of the JOLTS Job Openings data, gold experienced a further decline, eventually rebounding from the $2635 level. Currently, gold is trading around $2648, with the possibility of…
Read more
Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level. This analysis will be updated as the situation develops!(This Post on TradingView) Author : Arman ShabanTo see more analyzes of Gold , Forex Pairs…
Read more
