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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Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, selling pressure continued and Gold dropped as low as $4253. Currently, price is trading around $4270 and sitting inside a very important demand zone.The key area to watch is $4224 – $4285. If buyers manage to defend…
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Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that Gold returned to the $4337 – $4376 demand zone, reacted positively again and is currently trading around $4351. Today’s CPI is the main catalyst. The market expects roughly 0.4% headline CPI and 0.2% core CPI MoM. If CPI, especially Core CPI,…
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Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, price dropped toward $4380 but buyers stepped in again and pushed Gold back toward $4404.In my view, as long as Gold manages to stabilize above the $4337 – $4376 demand zone, the short-term bullish scenario remains valid.The…
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Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold first rallied toward $4510, but then faced a massive sell-off after the NFP release and dropped as low as $4366. The U.S. added 162K jobs versus 56K expected, strengthening the Dollar and rate-hike expectations and putting…
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Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that the bearish scenario from the previous analysis failed as buyers stepped in aggressively. Gold rallied as high as $4496 and is currently trading around $4472, already filling a large portion of the $4463 – $4530 FVG we highlighted before. In my…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that the previous bearish scenario played out beautifully. Since yesterday, USDJPY has dropped more than 335 pips, reaching our 155.50 target and currently trading around the same area. This was honestly one of the cleanest USDJPY setups we’ve had recently. I…
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