Gold News Gold races to an all-time high above $3,500/ozSpot gold surged past the $3,500 mark, reaching a record price of $3,508.70/oz, driven by mounting expectations for a U.S. Federal Reserve rate cut, a weaker dollar, and global market uncertainty. Markets pricing in aggressive rate cutsA softer dollar hovering near a five-week low combined with…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that today, as expected, gold continued its bullish move after the market opened and surged up to $3490, delivering an impressive gain of over 450 pips! After hitting this key level, selling pressure increased, leading to a pullback down to $3466. Currently,…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from our analysis two days ago, the price began its bullish move from the $3383 zone and successfully hit all four targets at $3393, $3398, $3404, and $3409 — but it didn’t stop there! Gold continued its rally…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that, as expected, the price first moved toward the demand zone we highlighted on the chart and, after gaining strong buying pressure, pushed back up toward the 1.17 target. The pair is currently trading around 1.167.Now, we need to see whether the…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected, the price started a renewed bullish move after stabilizing above $3367 and managed to rally impressively up to $3394! Afterward, gold faced a pullback and is currently trading around $3383.However, it seems that gold doesn’t intend to drop further…
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Gold News Gold dips slightly amid dollar strengthSpot gold eased by ~0.2% to $3,384.49/oz, as the U.S. dollar firmed. Still, fears over Trump’s threat to fire Fed Governor Lisa Cook capped the downside. Fed uncertainty supports floor under pricesThe political heat around the Fed’s independence is keeping safe-haven buying alive. Markets eye key resistance zonesAnalysts…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that the price initially followed our first scenario and, after stabilizing below $3379, we witnessed a strong drop to $3351, securing nearly 280 pips of profit. After hitting $3351, demand surged sharply, pushing the price up to $3386, successfully reaching our bullish…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that the price is currently trading around 1.165 and has so far managed to hold above the 1.16 support zone. Based on the current trend and momentum, I expect a potential bullish move toward higher levels, with targets above 1.17. All the…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that after Jerome Powell’s speech on Friday, where he hinted at the possibility of upcoming interest rate cuts, gold experienced a strong bullish rally and surged up to $3379! Currently, gold is trading around $3373, and if the price manages to stabilize…
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Gold Analysis: Based on the 4-hour gold chart, we can see that the price was strongly rejected from the $3348 zone, exactly as anticipated, and dropped to $3321—successfully hitting both targets at $3334 and $3324, delivering over 250 pips of profit! Currently, gold is trading around $3328, and I expect another bearish wave to follow soon.…
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