Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price once again followed our scenario almost perfectly. After rallying toward $102 and entering the major supply zone we highlighted, sellers stepped in aggressively and pushed Brent Oil back down toward $97. This means Oil has corrected by roughly 4%…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after reaching the $4166 region, price finally entered the supply area where sellers became active. Gold then faced heavy selling pressure and dropped sharply toward $4040. Currently, price is trading around $4049. Considering the continued strength in Oil, I still believe…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price continued to follow the bullish scenario discussed in the previous analysis and managed to push toward the 164.00 region. Currently, USDJPY is trading around 163.85 after a minor pullback. Buyers are still maintaining control, and as long as price…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow our bullish scenario and finally reached the major psychological $100 level. The original analysis was published on July 6, when Brent Oil was trading around the key $70 demand zone. At that time, I mentioned that…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that today’s price action was highly unusual. With Oil rallying toward $95, tensions around the Strait of Hormuz continuing to increase, and the conflict involving Iran escalating, Gold also delivered an exceptional bullish move toward $4163. For the first time in several…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price continued its strong bullish move and reached the 163.24 region, marking another multi-decade high. After this move, USDJPY entered a minor correction, but buyers quickly stepped back in and price is currently trading around the 163.00 level. With the…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, price first dropped toward $3959 and swept the liquidity resting below $3969. After this liquidity sweep, buyers stepped in and pushed Gold higher toward the important $4040 supply zone. Once price reached this area, sellers became active…
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Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that price continues to show strong retention at higher levels. Over the past few days, Bitcoin was pushed lower several times, but buyers stepped in quickly each time and drove price back up. BTC is currently trading around $64,300, confirming that…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow the expected bullish scenario and finally broke above the psychological $90 level, reaching as high as $91.5. Currently, Brent Oil is trading around $88 after a minor correction. In my view, this pullback may remain temporary,…
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Gold Analysis:By analyzing the #Gold chart on the 2H timeframe, we can see that since the previous update, price has experienced heavy and unstable volatility inside the $3960 – $3980 demand zone. Several factors are currently affecting Gold at the same time, including rising tensions around the Strait of Hormuz, renewed conflict in southern Iran…
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