Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that the price continued its sharp decline following yesterday’s analysis, dropping over 250 pips to reach $2587. After hitting this level, renewed demand pushed the price higher, and gold is currently trading around $2603. It’s possible that we may see another correction from this…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that following the interest rate cut and Jerome Powell’s speech, gold experienced a massive drop, falling to $2,584 — a correction of more than 670 pips in a single day! This sharp decline created a large liquidity gap, which has since been partially filled…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that after collecting liquidity below $2635, the price faced renewed demand and successfully climbed above $2641. As a result, gold managed to rise to $2651, delivering a 100-pip return. Today, we have the US interest rate decision, which could bring significant volatility to…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, the price is still in the demand zone of $2635 to $2648 and hasn’t managed to break above $2666 yet. There’s a chance we’ll see further declines in gold. The key level for the next move is $2641. If the price stabilizes below $2641, more downside…
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Gold Analysis: Analyzing the Gold chart in the 4-hour timeframe, we can observe that after a correction down to $2643, the price has resumed its upward movement and has so far climbed to $2660. It remains to be seen whether the key support zone between $2635 and $2648 will prevent further downside corrections. If the price…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price failed to maintain its bullish momentum yesterday. With news favoring the dollar index, gold experienced further declines, reaching $2664 so far. Now, we can expect an upward correction, likely followed by another drop before gold resumes its rally towards levels above…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that the price has finally stabilized above $2700 after reaching $2727 and collecting liquidity above the $2721 level. Currently, it is trading around the $2710 zone. Considering the significant news scheduled for today, I anticipate heavy volatility for gold. After a minor correction,…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can observe that, as expected, the price experienced an impressive rally yesterday, reaching $2704 before undergoing a significant correction. The price reacted strongly to the supply zone we had identified on the chart, ultimately retracing to $2676. After reaching the critical demand zone at $2676,…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that after a rejection to $2656, the price was supported by demand (as expected) and is currently trading around $2674. If the price stabilizes above $2670, we could potentially see gold rise even to $2700! Keep an eye on gold’s reaction to the $2689-$2695…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is…
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