Gold News Gold rose to $2,442 per ounce on Monday as investors shifted their focus to upcoming US inflation data this week for clues on the Federal Reserve’s monetary policy path. Expectations of a Fed rate cut in September remain, though market opinions are divided following positive US job data, which eased recession concerns. Gold’s…
Read more
Gold Analysis: By examining the #gold chart in the 2-hour timeframe, we observe that last week the price closed at $2431. I expect that with the market opening, after an initial rise to the range of $2442 to $2455, the price will likely decline again. The potential targets for this decline are $2417, $2405, and $2400,…
Read more
GBP/USD Analysis: By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price has entered our desired supply zone as expected and has shown an initial reaction to this level. I expect this pair to decline in price with the market opening, with the first target being 1.27050.(This Post on TradingView) Author : Arman Shaban To see more…
Read more
EUR/USD Analysis: By examining the EUR/USD chart in the 4-hour timeframe, we observe that the price is currently around 1.09160, and I expect this pair to decline further with the market opening. The first potential target for EUR/USD is 1.08820. This analysis will be updated.(this post on tradingview) Author : Arman Shaban To see more analyzes of Gold…
Read more
Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that after an initial correction, the price continued to rise further. After reaching $2424, there were several reactions to this level (check the candlestick wicks), and the price continued to rise, currently trading around $2424. The price may continue to increase, and once…
Read more
Gold News Gold Price Movement: Gold eased towards $2,420 per ounce after nearly a 2% rise in the previous session. Geopolitical Influence: The metal’s safe-haven appeal is bolstered by escalating geopolitical tensions, particularly concerns about potential retaliatory strikes by Iran against Israel and a Ukrainian attack on Russia. Federal Reserve Expectations: Markets anticipate a Fed…
Read more
Gold Analysis: By examining the #gold chart in the 2-hour timeframe, we observe that as expected, after entering the range of $2403 to $2410, the price faced selling pressure and corrected from $2407 to $2381 with a drop of 260 pips. After reaching $2381, the price encountered renewed demand because the range of $2379 to $2384…
Read more
Gold News Gold firmed up near $2,390 per ounce, recovering from previous losses. Driven by expectations of US interest rate cuts and recession fears. Weak US jobs report led traders to expect 105 basis points of rate cuts by year-end, with a September rate cut fully priced in. Lower interest rates increase gold’s appeal. Investors…
Read more
Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that the price is currently trading around $2398. We are still waiting for the price to reach the range of $2403 to $2410, after which we can prepare for a sell position with an appropriate trigger. Note that the risk of war due…
Read more
GBP/USD Analysis: By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price started to drop powerfully as we expected and managed to fill the desired FVG with over 145 pips, reaching the price of 1.2672. Currently, the price is rebounding towards 1.2760, and after that, we can look for a trigger to…
Read more
