Gold News Gold prices rose as the dollar weakened following dovish comments from Federal Reserve Chair Jerome Powell. Spot gold increased by 0.7% to $2,344.60 per ounce; U.S. gold futures rose by 0.9% to $2,354.20. Analyst Ricardo Evangelista attributed gold’s price gains to the weakening dollar and Powell’s comments on inflation. A weaker dollar makes…
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GBP/USD Analysis: By analyzing the GBP/USD chart, we observe that after gathering dynamic liquidity in the 1.26650 to 1.27 range, the price faced selling pressure and corrected to 1.2615. As you can see, this area is an important demand zone, and the price responded positively to this level. Currently, GBP/USD is trading around 1.2672. If the…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 2-hour timeframe, we observe that after filling its gap, the price is stabilizing above 1.071. Considering the price structure and market conditions, we will likely see an upward move towards higher targets. The next liquidity pool is around the 1.077 range. Keep an eye on the price…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we see that the price is still grappling with the support zone between $2320 and $2323. Today, we are expecting a speech from Mr. Powell in a few hours, which could lead to significant market fluctuations. Markets are looking for signs of whether the Federal…
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Gold News Gold Prices: Gold slipped 0.2% to $2,327.06 per ounce; U.S. gold futures steady at $2,339.10. Dollar and Bond Yields: The firm U.S. dollar and rising U.S. bond yields make gold less attractive. Fed Chair Comments: Investors await Jerome Powell’s comments for clues on interest rates. Economic Data: Key jobs data (ADP employment, ISM…
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Gold Analysis: Upon analyzing the gold chart on the 4-hour timeframe, we observe that the price has started to rise again after holding support at the $2320 level and is currently trading around $2336. If the price continues to trade and stabilize above $2320, we can expect further growth in #gold. The next targets are $2340,…
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Gold News Gold prices rose 13% this year, reaching a record high above $2,440 per ounce in May. Factors driving the increase included inflation concerns and the expectation of interest rate cuts. As interest rate cuts became less likely, gold prices fell back to around $2,330 per ounce, about 5% below the record peak. Economic…
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Gold Analysis: Upon re-analyzing the #gold chart on the 4-hour timeframe, we see that after yesterday’s analysis, the price experienced a brief initial correction and then resumed its upward movement, reaching $2337. Given that a large Fair Value Gap (FVG) still lies ahead, I anticipate this liquidity gap between $2337 and $2355 to be filled in…
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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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