Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that gold extended its correction earlier today, dropping as low as $2,622 after the market opened. Upon reaching this demand zone, it experienced a strong rebound, surging over 220 pips to currently trade around $2,645. This upward momentum could potentially continue towards higher levels.…
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Gold News Gold dropped below $2,630 as the US dollar strengthened, ending a four-session rally. Key upcoming US data includes job openings, wage growth, manufacturing, services, and unemployment rates. Fed Chair Jerome Powell and other officials are set to speak this week. Inflation progress has stalled, slowing the Fed’s rate-cut pace. Markets expect a 65%…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that, as expected yesterday, the price continued its upward move, delivering an additional 200 pips of profit as it reached the supply zone at $2,666. Following this, as anticipated, the price reacted to the supply level and corrected downward by 100 pips to…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we can observe that, as expected, gold prices have started rising to fill the anticipated FVG. So far, it has delivered over 200 pips of profit, reaching the $2,654 range! Currently, gold is trading around $2,649, and this analysis remains valid. Keep an eye on the…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we can observe that yesterday, following the announcement of a potential ceasefire between Lebanon and Israel, gold experienced a significant drop, correcting by over 800 pips down to $2,605. This sharp decline created a major liquidity gap, which I anticipate will likely be filled as prices…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observed that today, after the market opened, gold prices dropped sharply from $2720 to $2658. This created a liquidity void, which I anticipated would soon be filled. As a result, we’ve seen gold climb back to the $2689 range so far. I still expect the…
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Gold News Gold Pullback: Gold fell below $2,700 per ounce on Monday, experiencing a technical pullback after a sharp decline from $2,720 to $2,658, following last week’s 6% rally driven by safe-haven demand amid escalating Russia-Ukraine tensions. Geopolitical Tensions: Putin signaled potential use of a new missile following Ukraine’s deployment of US and UK-made weapons…
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Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price experienced a very slight correction before continuing its upward movement. In the past hours, gold reached $2710, which we previously identified as a supply zone. As a result, the price reacted to this level and corrected by over…
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Gold News Gold Rally: Gold climbed to $2,700 per ounce on Friday, marking its fifth consecutive session of gains and a nearly 5% weekly increase, driven by safe-haven demand amid rising geopolitical risks. Geopolitical Tensions: Ukraine launched its second Western-supplied missile into Russia. Russia retaliated by firing its first intercontinental ballistic missile at Ukraine on…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price continues to rise due to escalating tensions between Russia and Ukraine, as well as Hezbollah and Israel. The price has been extending its rally since yesterday and is currently trading around $2665. In my opinion, after such a significant…
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