Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, price successfully defended our $4114 – $4145 demand zone and continued moving higher. Today’s NFP release added more volatility, pushing Gold as high as $4228, exactly sweeping the liquidity resting above our important $4220 target! After collecting…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, Gold made only a limited correction and failed to break below $4100. Once price broke above the $4172 resistance, buyers pushed Gold all the way toward $4219. After reaching $4219, selling pressure returned and Gold is currently…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, Gold reacted positively from the $4110 – $4120 Bullish Breaker Block and completed the corrective move we were waiting for, reaching as high as $4162. Price is currently trading around $4153. The most important area right now…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the bearish scenario played out beautifully. Gold reached all our downside targets at $4279, $4263, $4244 and $4234, then continued collapsing all the way toward $4114, delivering more than 1700 pips of movement today alone. Price has now reached an important…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after dropping again toward $4245, buyers stepped in and pushed price all the way to $4316. Once Gold reached this supply area, sellers reacted and price pulled back toward $4295. Right now, $4289 is the key level. If Gold closes a…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the bearish scenario played out once again. Gold dropped as low as $4245, bringing the total return from the previous analysis to more than 1100 pips. Currently, Gold is trading around $4258 after a small reaction from demand. However, I…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price followed our bullish scenario and rallied toward $4399. However, after reaching the important supply zone, sellers stepped in and pushed Gold back toward $4368. In my view, $4360 is now the key level. If Gold manages to close a 4H…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the Fed raised interest rates as expected, triggering a sharp sell-off toward $4235. However, buyers stepped in after the initial volatility and pushed Gold all the way back toward $4380. Currently, Gold is trading around $4370. In my view, the initial…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price continued its recovery from the important demand zone and is currently trading around $4351. However, Gold is now approaching a descending trendline and nearby resistance. Tonight, the Federal Reserve is widely expected to raise interest rates by 25 basis points,…
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Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, price continued trading inside the important $4224 – $4285 demand zone, but neither buyers nor sellers managed to create a strong directional move. The nearest supply zones to watch are around $4300 – $4325, followed by $4360…
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