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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Gold Analysis: With the announcement of the NFP statistics, gold rose to $2320 but after reaching this level, it faced selling pressure again and is currently trading in the range of $2299. Do you think this fall will continue?(This Post on TradingView) Author : Arman ShabanTo see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks ,…
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Gold Analysis: Upon examining gold in the 2-hour timeframe, we can see that yesterday, as expected, gold experienced a relative increase and managed to rise by 100 pips to $2310 before undergoing a price correction. Currently, gold is trading around $2295, and we will have the NFP data in a few minutes. If gold stabilizes below…
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Gold Analysis: Upon reviewing gold in the weekly timeframe, we observe that the price is trading around $2298. If the NFP data is announced to be higher than the forecasted rate, it will strengthen the dollar index and consequently cause a significant drop in gold prices! Should this occur and gold stabilizes below $2300, we can…
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Gold Analysis: By examining gold in the 2-hour time frame, we see that the price, as we expected, was accompanied by heavy fluctuations with Mr. Powell’s speech and was able to grow up to $2328! After that, gold faced supply pressure again and was able to correct up to $2285 in the last hour! Note that…
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GBP/USD Analysis: By checking the GBPUSD chart, we can see that the price grew exactly as I expected until the supply level of 1.255 and then it was accompanied by a heavy fall. Currently, the yield of this analysis is more than 80 pips (SELL SIDE) and it is still valid!(This Post on TradingView) Author : Arman Shaban To see more…
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EUR/USD Analysis: By checking the EURUSD chart, we can see that the price in this chart has again entered the specified supply range and is trading in the range of 1.068 with a drop of 50 pips! first the price will have a short upward swing and then we can go with the price drop again!(this…
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Gold Analysis: : By examining gold in the 2-hour time frame, we see that the price, as we expected, was accompanied by heavy fluctuations with Mr. Powell’s speech and was able to grow up to $2328! After that, gold faced supply pressure again and was able to correct up to $2285 in the last hour! Note…
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Gold News Gold Futures : Gold prices increased by 0.45% to $2,321.4 per troy ounce, with a rebound from a four-week low, following softer-than-expected remarks from the U.S. Federal Reserve. MUFG’s Forecast : MUFG has a strong bullish stance on gold, predicting a year-end price of $2,350 per ounce, which is now considered a modest…
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