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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Gold News Gold prices fell by 0.3% to $2,302.89 per ounce, and U.S. gold futures fell 0.3% to $2,320.20. Investors are awaiting key U.S. inflation data and the Federal Reserve’s policy meeting for insights on interest rate cuts. Strong U.S. payrolls report may limit the Fed’s ability to signal a September rate cut, potentially impacting…
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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 News Gold prices fell below $2,300 per ounce, the lowest in a month. Strong US jobs data (272K jobs added in May) reduced expectations for an early Federal Reserve interest rate cut. Likelihood of a September rate cut decreased from 70% to 50%. China’s central bank paused gold purchases in May after 18 months…
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Gold Analysis: By analyzing the #Gold chart on the 2-hour timeframe, we can see that the price finally filled its old FVG and entered the $2386 supply zone, followed by a sharp decline. The price corrected over 500 pips down to $2332! Note that this significant drop in gold created a large FVG. If today’s actual…
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Gold Analysis: By checking the #gold chart in the 2-hour time frame, we can see that today’s price reached the supply range of $2375 and after that it was accompanied by a drop, currently gold is trading in the range of $2358 And if the support zone of $2354 to $2357 is lost, we may see…
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Gold News Gold prices hit a two-week high due to falling U.S. bond yields and signs of a cooling labor market. Spot gold was up 0.4% at $2,363.03 per ounce, with U.S. gold futures rising 0.3% to $2,381.80. Analysts expect the Federal Reserve to cut rates twice this year, starting in September. A Reuters poll…
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Gold News Spot gold increased by 0.1% to $2,330.70 per ounce. U.S. gold futures rose by 0.1% to $2,350.30 per ounce. Weaker U.S. dollar and lower Treasury yields contributed to the rise. The dollar recovered slightly after hitting a two-month low. 10-year Treasury yields remained near their lowest level in almost three weeks. Analysts are…
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Gold Analysis: By analyzing the gold chart on the 2-hour timeframe, we observe that yesterday, after reaching the $2342 range, the price declined and managed to correct to $2335. Subsequently, when it moved towards the Bearish Order Block for further liquidity accumulation ($2342 to $2356), it experienced a more significant drop and is currently trading around…
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