Gold Analysis: By reviewing the #gold chart on the 2-hour timeframe, we can see that, as expected, the price sharply corrected to fill the FVG that had formed between $2506 and $2520. After entering the demand zone at $2506, gold experienced a strong upward movement, pushing back up to $2520! This analysis resulted in a gain…
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Gold News Gold Hits Record High: Gold prices surged to a new record high of $2,530 per ounce on Tuesday, before settling near $2,515 on Wednesday. Interest Rate Cut Expectations: Optimism surrounding potential interest rate cuts by the US Federal Reserve, expected in September, is driving gold prices higher. Markets anticipate a cut between 25…
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Gold Analysis: By reviewing the latest #gold chart on the 2-hour timeframe, we can see that after yesterday’s analysis and reaching the key level of $2486, the price was met with strong demand and has since established a new all-time high, reaching $2531! With this recent rise, a Fair Value Gap (FVG) has formed in the…
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Gold News Gold Hits Record High: Gold rose above $2,520 per ounce on Tuesday, setting a new record high. Less-Restrictive Monetary Policies: Expectations of less-restrictive monetary policies by major central banks are driving the demand for safe-haven assets like gold. US Fed Rate Cut Expectations: Continued disinflation in the US has raised expectations of 100…
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Gold Analysis: By reviewing the latest #Gold chart on the 6-hour timeframe, we can see that the price has dropped over 230 pips since last night, and as expected, we’re starting to see the first signs of a price reversal on the chart! A large Fair Value Gap (FVG) between $2465 and $2486 was created on…
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Gold News Gold Hits Record High: Gold prices surged past $2,500 per ounce for the first time ever, closing at $2,510 with a 2.3% gain. Rate Cut Expectations: Traders are increasingly betting on interest rate cuts by the Federal Reserve, which is driving up gold prices. Economic Data: Positive US economic reports, including strong retail…
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Gold Analysis: By reviewing the latest #Gold chart on the 4-hour timeframe, we can see that on Friday, after reaching the target zone ($2471 to $2477), the price experienced only a brief negative reaction, which was quickly recovered, and finally managed to establish a new high, rising to $2509! Currently, there are no signs of a…
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Tesla Analysis : By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price started a significant decline from the $270 level, just as we anticipated, dropping by over 32% down to $180. At the time of this analysis, no one expected such a steep decline in Tesla’s stock, as…
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Bitcoin Analysis: By reviewing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around the $59,500 level. The key level to watch tonight is whether Bitcoin can hold above $58,700. In my opinion, Bitcoin is likely to soon rally towards $63,400. However, once it reaches this level, we might…
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Gold Analysis: By reviewing the 2-hour gold chart, we see that, as expected, gold entered the $2470 range and then experienced a sharp drop, correcting by 380 pips down to $2432! This was one of the most exciting analyses of the week. Currently, the price is trading around $2471, and we need to watch closely to…
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