Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that after our last analysis, the price corrected to $2605 and then experienced strong demand, pushing gold up to $2665. During its upward movement, the price reacted multiple times to the levels highlighted in the previous analysis, but buyers proved stronger than sellers, resulting…
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Gold Analysis: Here’s the final gold analysis for 2024! As you can see, after our previous analysis, gold experienced a sharp drop, delivering a 300-pip move down to the $2,596 zone. Currently, gold has recovered slightly and is trading around $2,614. Several supply zones lie ahead, including $2,620-$2,627, $2,632-$2,638, and $2,651. Keep a close eye on…
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Gold News Gold’s 2024 Performance: Gold climbed above $2,600 per ounce, achieving a 26% annual gain, one of its strongest performances in decades. Drivers of Growth: The surge was fueled by U.S. monetary easing, geopolitical tensions, and record central bank purchases. Market Context: Despite a stronger U.S. dollar and higher Treasury yields, which typically limit…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that after revisiting the supply zone of $2,633 to $2,652, the price faced selling pressure and corrected over 140 pips to $2,624. Currently, gold is trading around $2,626. If the price manages to hold below the $2,633 level, we can anticipate further…
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Gold News Gold remains up 28% year-to-date, outperforming the S&P 500’s 25% gain, as it hovers around $2,620 per ounce. This stellar performance has been driven by aggressive Federal Reserve rate cuts, geopolitical tensions, and inflation concerns. Market players are now looking ahead to 2025, with mixed expectations following the Fed’s recent guidance. While higher…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price finally managed to rise to the $2,633 supply zone today. However, after reaching this significant level, it faced selling pressure and is currently trading around $2,622. Further price correction is likely from this level. The potential targets for this…
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Gold News Gold Price: Gold traded at $2,629 per ounce on Monday, supported by a softer US dollar after a benign PCE inflation report, raising hopes for Fed monetary easing in 2024. Fed Policy Impact: Gold hit a one-month low recently but regained momentum after the Fed signaled a measured pace of rate cuts. Physical…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that the price continued its sharp decline following yesterday’s analysis, dropping over 250 pips to reach $2587. After hitting this level, renewed demand pushed the price higher, and gold is currently trading around $2603. It’s possible that we may see another correction from this…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that following the interest rate cut and Jerome Powell’s speech, gold experienced a massive drop, falling to $2,584 — a correction of more than 670 pips in a single day! This sharp decline created a large liquidity gap, which has since been partially filled…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that after collecting liquidity below $2635, the price faced renewed demand and successfully climbed above $2641. As a result, gold managed to rise to $2651, delivering a 100-pip return. Today, we have the US interest rate decision, which could bring significant volatility to…
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