Gold News Gold futures saw a slight decrease of 0.2% to $2,320.1 per troy ounce. This movement was supported by China’s consistent gold purchases. The Chinese central bank continued to grow its gold reserves in April, adding 1.9 metric tons, now totaling 2,264.3 tons. The first quarter of the year marked the strongest gold demand…
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Bitcoin Analysis: Upon reviewing the Bitcoin chart in the weekly timeframe (logarithmic), we observe that after the price dropped to $56,000, it encountered demand as expected, presenting an attractive buying opportunity to purchase at a discount. The return on this analysis from last week until now has been over %15, and the price was able to…
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NASDAQ Analysis: By checking the #NASDAQ Indext Chart in the 4-hour time frame, we see that the price is close to an important supply range (18085 to 18175 and 18250 to 18340) and we will probably see a drop of #NAS100 soon, The possible targets of this drop will be 17940, 17780 and 17670 respectively!(This Post on TradingView) Author : Arman…
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EUR/USD Analysis: By checking the EURUSD chart, we can see that after entering the important demand range of 1.068, the price was accompanied by buying pressure and was able to increase by 130 pips to 1.08120 and fill about 50% of its old FVG! The price is currently trading in the range of 1.077 and I…
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Gold Analysis: By re-examining the gold chart in the 2-hour time frame, we can see that yesterday the price penetrated above $2330 to collect liquidity, and then it fell and was able to hit the first target of $2312. Please note that the level of $2312 is a The important demand level and therefore the reaction…
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Gold News Gold prices remained steady due to safe-haven demand amid uncertainty surrounding the Gaza ceasefire and expectations of U.S. Federal Reserve interest rate cuts. Spot gold held at $2,320.69 per ounce, rising over 1% in the previous session. U.S. gold futures were flat at $2,328.40. Analyst Matt Simpson noted that gold has been building…
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Gold Analysis: The price fell to $2314 and then it was again accompanied by demand and penetrated above the level of $2328 to collect liquidity, but immediately the price was accompanied by a fall and has fallen from $2330 to $2323 at this moment, other assumptions of the previous analysis They are still valid!(This Post on TradingView) Author : Arman ShabanTo…
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Gold Analysis: By examining the gold chart in the 2-hour time frame, we can see that the price on Friday, after growing up to $2320, faced a heavy selling pressure and fell from $2320 to $2277, that is, more than 420 pips of yield! Finally, gold closed at $2301 on Friday, and today we saw gold…
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Gold News Gold Spot : Rose by 1% to $2,325 per ounce. Gold Futures : Increased by 1% to $2,331.5 per troy ounce due to optimism for U.S. interest rate cuts. Economic Data : U.S. private sector job growth slowed in April, which could lead the Federal Reserve to ease monetary policy. Interest Rates and…
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Gold News Gold prices have stabilized at $2,300 per ounce after a drop to a nearly 1-month low of $2,277. The price stabilization occurred as investors capitalized on higher gold valuations to book profits. This activity persisted despite the release of weaker-than-expected US labor data. The labor data led to speculation that the Federal Reserve…
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