Gold News Gold Movement : Gold fell slightly by 0.1% to $2,348.59 per ounce after rising 1% the previous session. U.S. gold futures were unchanged at $2,368.80. Upcoming U.S. Jobs Data : Investors await the ADP employment report on Wednesday and non-farm payrolls data on Friday for insights on the Federal Reserve’s rate decisions. Technical…
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Gold Analysis: By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow by 100 pips and reached $2342. However, it then faced selling pressure and is currently trading in the range of $2336. The overall performance of this analysis has yielded more than 180 pips so far!…
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Gold Analysis: By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow again to the supply zone of $2360. Afterward, it experienced a significant decline, hitting all the previously announced targets. The lowest level at which the price corrected was $2315. Once it entered this demand zone,…
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Gold News Spot Gold : Spot gold remained nearly unchanged at $2,322.53 per ounce as of 0342 GMT. It had risen nearly 2% in May. U.S. Gold Futures : U.S. gold futures fell 0.1% to $2,342.70. Market Catalysts : Traders are closely watching U.S. economic data, including jobs data and the Institute of Supply Management’s…
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Gold Analysis: Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2350 to $2337! Subsequently, gold rebounded with demand and is currently trading in the range of $2343. It’s possible that after an upward movement, we might witness further decline in gold prices. As for the Core PCE Price…
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Gold News Gold prices are set for a fourth consecutive monthly gain, remaining unchanged at $2,343.63 per ounce as of 0726 GMT. Weekly gold prices are up 0.4%, and monthly prices are up 2.5%.U.S. gold futures are flat at $2,341.80 per ounce. Monthly gains are driven by central bank buying and geopolitical risks. Market is…
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Gold Analysis: After re-examining gold on the 2-hour timeframe, we see that, as expected, the price grew up to $2351 (the critical supply zone of $2350 to $2360) and then began to decline from that area! The price has dropped to $2342, resulting in a total yield of over 450 pips from this analysis up to…
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Gold Analysis: By examining the gold chart on the 2-hour timeframe, we observe that the price, as expected, began to decline and hit the target of $2325. Ultimately, after collecting liquidity below $2325, it faced demand pressure again and is currently trading in the range of $2345! It is likely that we will first witness gold…
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Gold News Spot gold eased 0.2% to $2,333.22 per ounce as of 0836 GMT. U.S. gold futures fell 0.8% to $2,323.40. Gold prices have fallen over $100 since hitting a record high of $2,449.89 on May 20. Traders anticipate the Federal Reserve keeping rates higher for longer, impacting the opportunity costs of holding gold. Hawkish…
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Gold Analysis: By examining the gold chart on the 2-hour timeframe, we observe that after our last analysis today, the price first grew to $2346 and then experienced a significant drop to $2334. Overall, the return on this analysis has been over 290 pips so far. If the price can penetrate below $2330 and stabilize, we…
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