Gold prices rose on Tuesday after poor US economic data raised the likelihood of a rate cut in September and weighed on the US dollar. However, the move was subdued because the market is awaiting more significant data. US retail sales (Source: US Census Bureau) Data on Tuesday showed that US sales barely rose in Read More…
Gold prices edged lower on Tuesday as the dollar rose to a four-week peak, making the yellow expensive and reducing demand. Investors were on the sidelines on Monday and Tuesday as they awaited Wednesday’s crucial inflation report and the Fed policy meeting. Markets have been preparing for this month’s inflation report since the last one Read More…
Introduction There is bearish divergence playing out on the daily chart for Gold futures. The daily candle we see forming today (7 June) is a big red one as buyers become exhausted. Is gold’s run coming to an end? The chart provided is of Gold Futures (COMEX), with several technical indicators and patterns that can Read More…
Gold prices retreated on Tuesday from the previous session’s highs as investors digested downbeat US data. Notably, there is more rate-cut optimism in the markets after last week’s US inflation data, which is keeping gold elevated. The move on Tuesday came about as investors took profits after the previous session’s gains. On Monday, gold rose Read More…
Key Updates For Gold Futures Current Prices and Trends: Gold futures are currently trading around $2,364.75 per ounce. The market has experienced some volatility, with prices ranging between $2,358.30 and $2,369.00 in recent trading sessions (Investing.com). Market Sentiment: Analysts note a bearish sentiment in the near term, with key support levels under threat. This outlook Read More…
Introduction In our previous analysis on ES, we noted that the bulls were struggling to push price above the recent high and resistance zone at $5333. Now that a week has passed, the bears have stepped in and there is a red engulfing candle forming on the weekly chart that could close as a evening Read More…
