Gold Analysis: Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone…
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Gold News Gold Prices : Spot gold was stable at $2,310.47 per ounce, with U.S. gold futures slightly down by 0.2% to $2,317.30. U.S. Economic Data : Investors are awaiting weekly jobless claims, consumer sentiment readings, and consumer price index data for cues on potential Federal Reserve interest rate cuts. Market Expectations : There’s a…
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Gold Analysis: Upon reviewing the $GOLD chart in the 2-hour timeframe, we observe that the price, after rising to $2320, faced a correction and is currently trading around $2310. The significant demand level remains at $2291 to $2303, and I anticipate that entering this zone could lead to an upward movement. I hope you make the…
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Ethereum Analysis: Upon analyzing the #Ethereum chart on a weekly (logarithmic) timeframe, it is observed that the price had grown by 169% from October 20, 2023, to March 11, 2024, reaching $4090, before finally experiencing a drop and correcting down to the $3000 range. After a correction, it is likely that we will see Ethereum grow…
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Dogecoin Analysis: Upon reviewing the #Dogecoin chart on a weekly (logarithmic) timeframe, we can see that last week the price dropped to the demand level of $0.12 and then encountered buying pressure, managing to rise by more than 40% to $0.17. Currently, this cryptocurrency is trading around $0.148 and I expect further growth in the medium…
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Litecoin Analysis: Upon examining the #Litecoin chart on a weekly timeframe, we can see that the price is currently trading around $81.5 and there is still an opportunity for further analysis for long-term investment. The demand zones are respectively from $67 to $72 and $53 to $59, while the supply zones are $93.8, and from $112…
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CHILIZ Analysis: Upon reviewing the #CHZ cryptocurrency chart on a weekly (logarithmic) timeframe, we observe that the price, after a correction down to $0.10270, has once again encountered demand pressure and has managed to grow to $0.13130 up to this moment. The yield of this analysis has been over 30% so far and remains valid! The…
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Gold Analysis: In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an…
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NASDAQ Analysis: As I mentioned last night, Nasdaq in the 4-hour timeframe is close to an important supply zone (18,085 to 18,175 and 18,250 to 18,340). It is likely that we will soon witness a decline in Nasdaq. The potential targets for this decline are, in order, 17,940, 17,780, and 17,670. Be sure to keep an…
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Gold News Gold futures saw a slight decrease of 0.2% to $2,320.1 per troy ounce. This movement was supported by China’s consistent gold purchases. The Chinese central bank continued to grow its gold reserves in April, adding 1.9 metric tons, now totaling 2,264.3 tons. The first quarter of the year marked the strongest gold demand…
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