Gold Analysis: Upon reviewing the gold chart on the 4-hour timeframe, we can see that gold has finally managed to break above the $2700 level, just as we anticipated in our previous analysis. Currently, it is consolidating above this level. Note that the $2714 level is a key supply zone (based on important Fibonacci ratios) for…
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Gold Analysis: Upon reviewing the gold chart on the 1-hour timeframe, we can see that as expected, gold rose again above $2680 yesterday, with several attempts to break the previous high. Finally, two hours ago, gold surged to $2688.8, collecting liquidity above that level before undergoing a correction down to $2673. As marked on the chart,…
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Gold News Gold reached around $2,680 per ounce, hitting record highs due to favorable conditions. A dovish outlook from major central banks and lower bond yields increased demand for gold. The Federal Reserve is expected to cut rates twice this year, with a 25-basis-point cut likely in November. The ECB is anticipated to cut rates,…
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Tesla Analysis : By analyzing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected in the previous analysis, Tesla stock faced selling pressure after reaching the supply zone of $233 to $271. This selling pressure intensified this week, causing the price to drop by about 20%, reaching $214. Currently, Tesla…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that, as I mentioned last night, the demand zone between $2,636 and $2,642 was a very critical level. After entering this demand zone, the price encountered buying pressure and has now risen over 170 pips, currently trading around $2,654! The other assumptions…
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Gold Analysis: By analyzing the gold chart on the 1-hour timeframe, we can see that since today’s market was partially closed, with major players on holiday, the lack of liquidity led to significant volatility. Today, the price managed to rise to $2,666, collecting liquidity above the $2,665 level. After that, gold experienced further fluctuations and eventually…
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Gold News Gold Prices: Gold is holding steady around $2,655 per ounce after a 1% gain in the previous session. Market Focus: Investors are assessing the Federal Reserve’s interest rate outlook after recent inflation data. US Economic Data: Producer prices in the US were steady in September, while jobless claims surged, raising doubts about the…
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Gold Analysis: Gold Price Overview: Currently, the price of gold is hovering around $2656.99. Recently, gold has seen a slight increase, driven by several factors such as inflation concerns, recent CPI and PPI reports, and geopolitical tensions. Key Influencing Factors: Technical Analysis: Outlook: Given the economic and geopolitical landscape, gold remains in a bullish trend. Traders…
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Gold News Gold Price Surge: Gold surged to near $2,650 per ounce following a hotter-than-expected CPI report for September. Inflation Data Impact: September’s CPI rose 2.4% annually, beating expectations of 2.3%. Although it was lower than August’s 2.5%, it reignited inflation concerns, boosting demand for safe-haven assets like gold. Market Reaction: Gold prices increased by…
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Gold Analysis: By analyzing the Gold chart on the 1-hour timeframe, we can see that after entering the desired demand zone, the price started to rise and is currently trading around $2,617. Considering that the US CPI data will be released today and I expect the actual value to be equal to or lower than the…
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