Gold News Gold prices dropped to around $2,320 per ounce on Monday, pressured by higher US Treasury yields. The previous week saw gold rise by over 1%. Market participants are awaiting further cues to gauge the Federal Reserve’s monetary policy trajectory. US consumer prices remained steady in May for the first time in nearly two…
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Gold Analysis: By analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295. As previously mentioned, the $2295 to $2303 range was a…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after a significant drop, the price finally entered the demand zone between 1.067 and 1.069. Following the accumulation of liquidity below 1.06740, there was a surge in demand, and the pair is currently trading around 1.06980. The substantial decline in…
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Gold News Gold prices rose by 0.4% to $2,311.39 per ounce on Friday. U.S. gold futures increased by 0.4% to $2,326.40. Gold is set for its first weekly gain in four weeks, with a 0.5% increase so far. U.S. economic data indicates softening price pressures. Optimism is growing about a potential Federal Reserve rate cut.…
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Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that after rising to $2342, the price declined and is currently trading around $2307. There is a possibility that if the PPI data comes in higher than the forecasted rate, it could lead to a further drop in gold prices.(This Post on TradingView) Author : Arman ShabanTo see…
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Tesla Analysis : Upon reviewing #Tesla ‘s stock chart, we see that the price hit its initial target of $168 and even corrected down to $167. Following the release of yesterday’s CPI data, the stock saw renewed demand and is currently trading around $177.(This Post on TradingView) Author : Arman ShabanTo see more analyzes of Gold , Forex Pairs , Cryptocurrencies…
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Gold News Gold prices fell after the U.S. Federal Reserve indicated fewer rate cuts this year than expected. Spot gold dropped 0.4% to $2,312.78 per ounce, and U.S. gold futures fell 1.1% to $2,328.20. The Fed held interest rates steady, delaying the start of rate cuts to possibly December. This is a shift from earlier…
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Gold Analysis: By analyzing the #gold chart in the 2-hour time frame, we can see that the price has finally dropped below the $2,300 level and reached the demand zone at $2,288. As you can see, the initial reaction to this level has been positive. Only if the price stabilizes above the $2,277 to $2,288 range…
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Gold Analysis: Taking a closer look at the #Gold chart on the 2-hour time frame, we see that the price has been following our previous analysis perfectly. It started its upward journey from $2296 and, with a solid gain of over 240 pips, reached $2320! Right now, gold is trading around $2313. Today, all eyes are…
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Gold News Gold prices remained stable, with spot gold slightly down by 0.1% at $2,314.56 per ounce and U.S. gold futures up by 0.2% to $2,331.10. Investors are awaiting the U.S. consumer inflation data and the Federal Reserve’s (Fed) interest rate policy update. There is concern that inflation is not decreasing as expected, which may…
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