Gold News Set to post a second consecutive weekly gain. Spot gold rose 0.2% to $2,363.06 per ounce after hitting a two-week high. Gained more than 1% this week, adding to a 1.7% increase last week. U.S. gold futures rose 0.3% to $2,376.70 per ounce. Softer U.S. economic data (e.g., housing slowdown, tepid retail sales)…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we see that the price has risen exactly as we expected, hitting our next targets of $2337 and $2342 , and even reaching $2346. The overall return of this analysis so far has been over 300 pips. Currently, Gold is trading around $2338 and is…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we see that the price has started to rise exactly as we expected. It fully filled the first FVG and even about 50% of the second FVG. The overall return of this analysis has been over 85 pips. Currently, the Euro is trading around 1.072…
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Gold News Gold prices reached a two-week high on Thursday, with spot gold up 0.3% at $2,333.69 per ounce and U.S. gold futures steady at $2,347.30. The rise is attributed to weak U.S. economic data, raising expectations of interest rate cuts from the Federal Reserve later this year. Global election uncertainties also supported gold prices.…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we observed that the price started to rise after yesterday’s analysis. It reacted to nearly all the supply zones we identified but ultimately continued its upward trend as expected, reaching $2335.030! After that, gold faced a slight correction due to entering the supply zone of…
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Gold News Gold prices edged up by 0.2%, with spot gold now glistening at $2,332.09 per ounce and U.S. gold futures holding steady at $2,346.80. U.S. retail sales barely budged in May, and the previous month’s data took a significant hit, pointing to sluggish economic activity. This has sparked fresh hopes for a Federal Reserve…
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Gold Analysis: By analyzing the gold chart on the 4-hour time frame, we see that, based on yesterday’s analysis, the price started to rise and hit the targets of $2323 and nearly $2328. After that, it began to correct and filled the Fair Value Gap (FVG) in the $2309 to $2315 range. It then rose again…
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Gold News Gold prices edged higher on Tuesday as Treasury yields eased. Spot gold increased by 0.2% to $2,323.97 per ounce, and U.S. gold futures rose 0.4% to $2,339.00. Lower 10-year Treasury yields made gold more attractive, with the dollar holding steady. Market participants are awaiting U.S. data and comments from Federal Reserve officials for…
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Gold Analysis: In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range.…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour time frame, we can see that, as expected, after gathering liquidity below the 1.06715 level, the price faced renewed demand pressure. It is currently rising and trading around the 1.07120 range. Based on our analysis, I expect this growth to continue until the identified Fair Value…
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