Gold News Gold prices eased 0.1% to $2,326.27 per ounce but were set for a third straight quarterly rise, gaining over 4% for the quarter. U.S. gold futures remained unchanged at $2,336.90. Gold’s quarterly increase is attributed to potential U.S. monetary easing and significant gold purchases by China for their reserves. China’s gold reserves remained…
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Gold Analysis: Upon re-analyzing the #gold chart on the 4-hour timeframe, we see that the price has grown from the demand zone as expected, resulting in a 160-pips increase so far. Currently, gold is trading around $2315. The $2315.5 to $2323 range is a critical supply zone where we might see a price rejection. I hope…
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Gold News Gold prices steadied at $2,298.76 per ounce after falling to a two-week low, with investors awaiting U.S. inflation data. U.S. gold futures fell 0.2% to $2,309.30. The dollar hovered near an eight-week high, making gold more expensive for other currency holders. Rising bond yields and a strong dollar have pressured gold prices. Fed…
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Gold Analysis: As you can see, with the price entering and stabilizing below the $2309 level, gold faced increased selling pressure and finally, after two weeks, returned to the $2200 channel. Currently, gold is in a significant demand zone, suggesting a possible upward move. However, we might see further corrections afterward. So, first LONG, then SHORT!…
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Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we can see that after hitting the third target of $2337 from our last analysis, gold faced heavy selling pressure and failed to reach the subsequent targets. Following this, gold experienced a significant drop, correcting down to $2304, and has since seen renewed demand after…
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Gold News Gold prices were subdued as investors awaited a key U.S. inflation reading. Spot gold eased 0.3% to $2,312.90 per ounce; U.S. gold futures fell 0.3% to $2,324.80. The dollar rose 0.2%, making gold more expensive for other currency holders, while 10-year yields also edged higher. Higher Treasury yields and a stronger U.S. dollar…
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Gold Analysis: As you can see, gold has started to rise again exactly as we expected and hit the target of $2337! Yesterday, we saw gold reach the targets of $2329 and $2332, and today it has hit the next target of $2337. After reaching this significant level, gold faced some selling pressure and is currently…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we see that, as expected, this currency pair has started to decline. With a return of over 30 pips, it is currently trading around the 1.07140 level. I still expect further downward movement in the price. I hope you found this analysis helpful!(this post on…
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Gold News Gold prices remained steady at $2,332.30 per ounce as of 0934 GMT, with Western investors awaiting U.S. inflation data for clues on future rate cuts. Gold is down 5% from a record high of $2,449.89 per ounce reached on May 20. The current price movement is driven by sentiment in China, where highly…
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Gold Analysis: By re-analyzing the gold chart on the 4-hour time frame, we can see that, as expected, gold started to rise and hit the targets of $2329 and $2332. Now, gold is trading around $2331, and we need to wait for a price consolidation above $2333 to confirm further growth. The next targets for #Gold…
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