Gold Analysis: As you can see, by examining the 30-minute #gold chart, we notice that since yesterday when we released this analysis, the price has successfully dropped by over 600 pips, correcting down to $2410. Currently, the price is trading around $2412, and it is likely that if the price enters the demand zone of $2401…
Read more
Gold News Gold prices fell 1% to $2,420.51 per ounce but were on track for a fourth straight weekly gain, rising 0.4% for the week and hitting an all-time high of $2,483.60 on Wednesday. U.S. gold futures fell 1.34% to $2,423.40. The U.S. dollar inched higher by 0.1%, and 10-year Treasury yields also rose, putting…
Read more
Gold Analysis: By examining the #gold chart on the 30-minute timeframe, we see that, as expected, after the price entered the supply zone at $2468, it faced heavy selling pressure. Within less than 4 hours, it hit the target of $2451 and then continued to drop, correcting down to $2441. The return on this analysis has…
Read more
Gold Analysis: By examining the gold chart on the 30-minute timeframe, we observe that after a CHOCH and a break in market structure (BMS) at the $2466 and $2462 levels, gold experienced a further decline, correcting down to $2451. Currently, the price is trading around $2465. Given the structure formed on the chart, we can anticipate…
Read more
Gold News Gold prices rose 0.1% to $2,461.27 per ounce, nearing a record high, driven by expectations of a U.S. rate cut in September. U.S. gold futures increased by 0.2% to $2,465.00. Analysts predict gold could surpass $2,500 due to economic uncertainty and upcoming U.S. elections. Fed officials signal a shift toward looser monetary policy.…
Read more
Gold Analysis: By analyzing the #Gold chart in the 6-hour timeframe, we observe that, as expected, gold moved higher to gather liquidity above the previous high of $2450. However, it did not stop there; the buying pressure remains high, and gold has recorded a new high, reaching $2482.4! Currently, gold is trading around $2473, and only…
Read more
Gold News Precious metal prices extend their winning streak due to optimism over upcoming Federal Reserve interest rate cuts. Gold (XAUUSD) hit an all-time record of $2,480 per ounce during the Asian session on Wednesday. Traders are confident and increasing their long positions, fueled by favorable economic data and Jay Powell’s positive comments on inflation.…
Read more
Gold Analysis: By analyzing the #Gold chart in the 6-hour timeframe, we observe that the price dropped to $2420 after last night’s analysis. However, it then saw increased demand and rose to $2443! Gold is now trading in the specified supply zone ($2439), and we need to see if it will be rejected from this zone…
Read more
Gold News Fed chief Jay Powell said inflation is moving sustainably towards the 2% target. Gold prices (XAUUSD) advanced after Powell’s speech. Gold rose to a two-month high of $2,440 per ounce, coming off a three-week winning streak. Gold is nearing its all-time high of $2,450 per ounce hit in May. Powell’s speech raised hopes…
Read more
Gold Analysis: By analyzing the 6-hour chart of gold, we observe that, as expected, the price rose to $2439, entering its old supply zone (Bearish OB). It then experienced a strong reaction, dropping from $2439 to $2425, and is currently trading around $2427. We need to see whether the price decline will continue from this level…
Read more
