Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the bullish reaction I was looking for did not develop as expected. Instead of reclaiming the $4175 level and pushing toward $4200, Gold faced strong selling pressure and continued moving lower. Price failed to hold above the key $4150 area, which…
Read more
Gold Analysis: Before anything else, this is a completely new Gold analysis, so make sure you open the chart in full quality and carefully study all the important levels I’ve marked! By analyzing the #Gold chart on the 4H timeframe, we can see that after dropping toward $4066, Gold started a strong recovery toward $4217. Price…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, Gold followed our expectations and started recovering toward $4143. However, once price reached this important supply area, sellers stepped in and pushed Gold lower again. Currently, Gold is trading around $4126. In my view, this recovery was…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, price successfully defended our $4114 – $4145 demand zone and continued moving higher. Today’s NFP release added more volatility, pushing Gold as high as $4228, exactly sweeping the liquidity resting above our important $4220 target! After collecting…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, Gold made only a limited correction and failed to break below $4100. Once price broke above the $4172 resistance, buyers pushed Gold all the way toward $4219. After reaching $4219, selling pressure returned and Gold is currently…
Read more
Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that after reaching around $87,400, BTC entered a correction and dropped toward $82,600. Buyers reacted from this area and pushed price back toward $85,000, while Bitcoin is currently trading around $83,500. The most important area now is the $80,500 – $82,400 demand…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, Gold reacted positively from the $4110 – $4120 Bullish Breaker Block and completed the corrective move we were waiting for, reaching as high as $4162. Price is currently trading around $4153. The most important area right now…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the bearish scenario played out beautifully. Gold reached all our downside targets at $4279, $4263, $4244 and $4234, then continued collapsing all the way toward $4114, delivering more than 1700 pips of movement today alone. Price has now reached an important…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after dropping again toward $4245, buyers stepped in and pushed price all the way to $4316. Once Gold reached this supply area, sellers reacted and price pulled back toward $4295. Right now, $4289 is the key level. If Gold closes a…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the bearish scenario played out once again. Gold dropped as low as $4245, bringing the total return from the previous analysis to more than 1100 pips. Currently, Gold is trading around $4258 after a small reaction from demand. However, I…
Read more
