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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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price is currently trading around $96 and the main scenario from the previous analysis remains fully valid. My broader bias is still bullish. As long as buyers continue defending the current structure, the next upside targets remain $100, $105, $110,…
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Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold dropped toward $4283 before buyers stepped in strongly and pushed price back toward $4389. In my view, the current area could trigger a short-term correction. The downside targets I’m watching are $4360, followed by $4335, $4310…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that after the previous analysis, price managed to reach the 160.00 region but failed to maintain the recovery and is now trading around 158.67. In my view, USDJPY could still move lower toward the important 158.00 level. If price breaks and…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that after the previous analysis, Oil first corrected toward the $78 region. However, that weakness did not last very long. As tensions between Iran and the United States increased again and both sides returned to military confrontation, buying pressure gradually came…
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