Last week was characterized by extreme volatility, with price movements reflecting significant reactions across different trading sessions. On Friday, the Asian session managed to push past the $3057 mark, only for early European trading to see a pullback. However, the US session reversed course, fueling a rally that extended until market close. Key Levels to...
Gold prices have been on a strong upward trend, reaching a high of $3,059. The upcoming US economic data release on March 28, 2025, could provide new momentum for gold, particularly with the following key indicators in focus: - Core PCE Price Index (MoM) - Personal Spending (MoM) - Personal Income (MoM) Current forecasts suggest a slowdown in inflation and...
Gold could see bullish momentum as the U.S. GDP Growth Rate (QoQ Final) is set to be announced on March 27, 2025. The U.S. economy showed signs of slowing down in Q4 2024, with GDP growth dropping from 3.1% to 2.3%. If this downward trend continues due to actual recession fears and given the market conditions up to today, the report is unlikely to be a major...
🔍 Market Analysis After Durable Goods Orders Release The latest Durable Goods Orders (MoM) for February 2025 were released today, showing a surprising 0.9% increase, while economists had expected a 1.0% decline. However, core capital goods orders fell by 0.3%, indicating weaker business investment. These mixed figures create uncertainty in the markets. The strong...
Tomorrow could be an exciting day for gold! 🎢 The current trend channel has broken out and is now moving sideways. The big question: Will the market push higher, or are we in for a drop? If the bulls take control, we could see a test of the $3,036 zone – a key target for long traders! 🚀 But be careful: If the price falls below $3,015, it's time to watch closely!...