Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, price rallied toward $4397 but failed to maintain its momentum. With the new weekly session, selling pressure increased and Gold dropped as low as $4322. Currently, Gold is trading around $4351. My outlook is relatively neutral, but…
Read more
Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that BTC followed our bullish scenario beautifully, hitting both our $82,500 and $85,000 targets and extending its rally all the way toward $86,300! In my view, bullish momentum remains strong, and I wouldn’t be surprised to see Bitcoin challenge the psychological $90,000…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price followed our bullish scenario and rallied toward $4399. However, after reaching the important supply zone, sellers stepped in and pushed Gold back toward $4368. In my view, $4360 is now the key level. If Gold manages to close a 4H…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the Fed raised interest rates as expected, triggering a sharp sell-off toward $4235. However, buyers stepped in after the initial volatility and pushed Gold all the way back toward $4380. Currently, Gold is trading around $4370. In my view, the initial…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price continued its recovery from the important demand zone and is currently trading around $4351. However, Gold is now approaching a descending trendline and nearby resistance. Tonight, the Federal Reserve is widely expected to raise interest rates by 25 basis points,…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, price continued trading inside the important $4224 – $4285 demand zone, but neither buyers nor sellers managed to create a strong directional move. The nearest supply zones to watch are around $4300 – $4325, followed by $4360…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, selling pressure continued and Gold dropped as low as $4253. Currently, price is trading around $4270 and sitting inside a very important demand zone.The key area to watch is $4224 – $4285. If buyers manage to defend…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that Gold returned to the $4337 – $4376 demand zone, reacted positively again and is currently trading around $4351. Today’s CPI is the main catalyst. The market expects roughly 0.4% headline CPI and 0.2% core CPI MoM. If CPI, especially Core CPI,…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, price dropped toward $4380 but buyers stepped in again and pushed Gold back toward $4404.In my view, as long as Gold manages to stabilize above the $4337 – $4376 demand zone, the short-term bullish scenario remains valid.The…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold first rallied toward $4510, but then faced a massive sell-off after the NFP release and dropped as low as $4366. The U.S. added 162K jobs versus 56K expected, strengthening the Dollar and rate-hike expectations and putting…
Read more
