Gold News Gold is down almost 4% from its August peak of $2,475 per ounce due to a changing economic landscape. On Tuesday, gold (XAU/USD) extended its decline, marking four consecutive days of negative performance. The stronger US dollar is contributing to gold’s weakness, as it becomes more expensive in international markets. Despite the decline,…
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Gold Analysis: By analyzing the #Gold chart, we can see that the price, as expected, started to decline from the $2414 area and, with a 350-pip return, managed to correct down to $2381, hitting all three of our specified targets)! Currently, gold is trading around the $2394 area, and after a short upward movement, I expect…
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Gold Analysis: By analyzing the #Gold chart in the 2-hour timeframe, we can see that the price has continued its upward movement as we expected, reaching as high as $2418! Currently, gold is trading around the $2414 area, and we need to see if the price can be rejected from this important zone or not. If…
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Gold News Gold Price: Steadied around $2,410 per ounce on Tuesday after a decline of over 1% in the previous session. Safe-Haven Appeal: Gold’s upside bias remains due to its appeal as a safe-haven asset amid increased market risk aversion. Economic Concerns: Investors are evaluating the likelihood of a US recession following weak economic data…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that the price continued its decline and entered the demand zone at $2365. Following this, there was a strong demand surge, and moments ago, the price even rose to $2395. Considering the heavy decline, a significant liquidity gap (FVG) has formed, which…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that, as per our previous analysis, gold successfully filled the targeted FVG and hit the targets of $2450 and $2456. Immediately after reaching these targets, it experienced a heavy drop and is currently trading around $2388, having corrected over 700 pips. The…
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Gold News Gold’s price initially fell over 1% but rebounded to trade around $2,440 an ounce. Concerns about a deepening US economic slowdown and the Federal Reserve’s potential delay in rate cuts impacted equity markets. Concerns about a US recession and a potential dovish pivot by the Federal Reserve are influencing gold prices. US economic…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that on Friday, the price managed to surge to $2478, hitting our target levels, and then entered the marked supply zone (Bearish Rejection Block). This was followed by a heavy correction from $2478 to $2410, a drop of more than 680 pips…
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GBP/USD Analysis: By analyzing the #GBPUSD chart on the 4-hour time frame, we observe that the price encountered strong selling pressure upon reaching the marked supply zone on the chart (1.2820 to 1.2865) and corrected down to 1.27840. The last traded price (close) for GBPUSD is 1.27993, and if the price stabilizes below this level, we…
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EUR/USD Analysis: By analyzing the #EURUSD chart on the 4-hour time frame, we observe that on Friday, the price reached the Bearish Order Block around 1.09240 and finally showed an initial negative reaction after a significant upward movement. The last traded price in EURUSD was 1.09097, and if the price can stabilize below this critical resistance…
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