GBP/USD Analysis: By analyzing the GBP/USD chart on the 2-hour timeframe, we can see that the price has dropped more than 200 pips since last week up until now, finally reaching the demand level we had marked on the chart. After reaching the 1.30720 demand level, the price encountered strong demand pressure, rising over 60 pips…
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Gold News Gold Prices: Eased below $2,650/oz, extending a pullback from record highs. US Labor Market: Strong data with 254K nonfarm payrolls in September (vs. 14K expected) and unemployment fell to 4.1%. Impact on Fed Policy: The strong labor data reduced the likelihood of aggressive rate cuts, alleviating concerns about a weakening labor market. Interest…
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Gold Analysis: In the latest analysis of the gold chart on the 30-minute timeframe, we can see that, as expected, yesterday the price rose to $2654, and exactly after reaching this key level, it faced heavy selling pressure and corrected by 175 pips down to $2637. After hitting the target of $2638 and gathering the liquidity…
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Tesla Analysis : By analyzing Tesla’s weekly chart (logarithmic), we observe that after a correction down to $209, the price experienced renewed buying pressure and was able to climb back up to $265. Once the price reached this significant supply level again, it faced selling pressure and has, so far, corrected down to $240. I expect…
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Gold Analysis: By analyzing the gold chart on the 30-minute timeframe, we can see that yesterday, as expected, gold started to decline and hit the targets at $2647, $2644, and $2641, giving us a return of about 120 pips! Currently, gold is trading around the $2646 level, and I still expect further declines. However, before this…
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GBP/USD Analysis: One of the most exciting analyses yesterday was this GBP/USD analysis! By reanalyzing this pair on the 2-hour timeframe, we can see that the price dropped over 180 pips, correcting down to 1.30920. This sharp decline created a large liquidity gap, and it’s likely that after the price reaches the 1.30720 demand zone, we’ll…
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USD/JPY Analysis : By analyzing the USD/JPY chart on the 4-hour timeframe, we can see that, as I mentioned earlier, I expected an initial LONG from USD/JPY, which resulted in a rise of over 140 pips, reaching 147.230. After that, we saw a minor correction in the price. Only if the price fails to break above…
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EUR/USD Analysis: By analyzing the #EURUSD chart on the 4-hour timeframe, we can see that, as expected, EUR continued its decline and dropped to 1.10250! Currently, EUR/USD is trading around the 1.10400 level, and I expect further correction if the price stabilizes below this supply zone. If you entered a SELL position yesterday, you can consider…
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Gold News Gold Price Movement: Gold is currently trading around $2,644 per ounce, slightly lower but still maintaining its safe-haven appeal amid the deepening Middle East crisis. Geopolitical Tensions: Iran launched a missile attack on Israel, which led to increased Israeli strikes across the region and a vow for retaliation against Iran. US Economic Impact:…
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Gold Analysis: By analyzing the gold chart on the 30-minute timeframe, we can see that today the price faced a correction after reaching the key supply level at $2663 and is currently trading around $2654. Keep in mind that the shadow of war still looms over the market, so it’s best to minimize your trading risk.…
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