GBP/USD Analysis: By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that after our previous analysis, the price continued to decline and corrected down to 1.30580! The return on this analysis has been over 87 pips so far. The interesting point is that the price faced selling pressure exactly after entering the targeted…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that, as expected, the euro started to decline and hit the targets of 1.10600 and nearly 1.10260. After reaching 1.10280, it showed an initial positive reaction, but I expect that if the price breaks below 1.10260, we will see further correction in…
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Gold News CPI Report: The Consumer Price Index (CPI) report, expected to show a decrease in inflation to 2.6% in August from 2.9% in July, is the major focus this week. Anything below 2.6% would be positive news for the Federal Reserve. (Wednesday) Gold Prices: Gold (XAUUSD) prices remained flat on Tuesday after a stagnant…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that the price is currently trading around $2496. If the price manages to hold above $2485, I expect it to rise first to the $2507 to $2518 range to fill the existing liquidity gap. After that, we can anticipate further declines in…
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Gold News Gold Prices: Gold held steady near $2,500 per ounce as the market speculated on the Federal Reserve’s upcoming interest rate decision. US Jobs Report: The US added fewer jobs than expected, with downward revisions for June and July, though the unemployment rate dropped to 4.2%, and wage growth exceeded expectations at 0.4%. Fed’s…
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Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that over the past two weeks, the price dropped from $65,000 to $52,500 and is currently trading around $54,400. If the price remains below $57,870, we will likely see further declines in Bitcoin. The potential targets for this drop are $50,750, $49,000,…
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Tesla Analysis : By analyzing the Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected, the price entered the supply zone at $235. After reaching this level, the stock faced a decline and corrected down to $210! It is likely that we will see further correction in Tesla’s stock price. However,…
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GBP/USD Analysis: By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that the price has reached a demand zone and has also created a Fair Value Gap (FVG) near its current level, which I expect to be filled in the short term. After that, I anticipate further decline in GBP/USD. The potential targets…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after the drop last week to 1.10665, the price eventually closed at 1.10853. I expect that in the upcoming week, after a short initial rise, we will see further decline in EUR/USD. The potential targets for this drop are 1.10600, 1.10260,…
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Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price has once again reached the supply zone at $2523, and after reacting negatively to this level, it dropped as low as $2504! Now, the price has climbed back to the $2515 area, and with the NFP data set to…
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