Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow the expected bullish scenario and successfully reached the projected targets, rallying as high as $87.5. Currently, Brent Oil is trading around $85. With tensions around the Strait of Hormuz increasing, the market is adding a larger…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that price followed yesterday’s scenario almost perfectly. Gold first dropped sharply from around $4017 toward $3984, reaching the downside area we had been monitoring. After entering this demand zone, buyers stepped in as expected and pushed price back toward $4033. Later, the…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after last week’s analysis, price continued moving lower and has already reached the $4003 region. In my view, this bearish move is not finished yet. I still expect stronger downside pressure today or tomorrow, and Gold may soon break below the psychological $4000 level. Before that happens,…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, price started another bullish move and reached the $4138 region. After this rally, Gold entered a corrective phase and dropped toward $4073 following another statement from Trump. Currently, Gold is trading around $4105, and the market remains…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, the initial correction we expected did happen. However, price did not stop with a simple pullback. Fresh geopolitical tensions entered the market after renewed attacks between Iran and the United States, which pushed risk sentiment sharply higher.…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that the scenario discussed in Monday’s analysis played out perfectly. We mentioned that Oil was sitting near a major demand zone and that the market was probably waiting for a fresh catalyst to start a stronger bullish move. And that is…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, Gold reacted exactly from the expected level and rallied toward the $4169 region, delivering more than 350 pips of movement. After that bullish move, price entered another correction and dropped toward the $4116 region. Once Gold reached…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price reacted exactly as expected from the key supply zone discussed in the previous analysis. After trading around the 162.37 region, USDJPY started to reject from this area and dropped more than 75 pips, reaching the 161.65 region. This confirms…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that after the previous analysis, new tensions around the Strait of Hormuz triggered fresh buying pressure in the oil market. Brent Oil is currently trading around the $73.2 region and is trying to form its first bullish weekly candle after several…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, Gold first corrected toward the $4155 region. However, with the new weekly session open, buyers stepped in again and pushed price higher toward $4203, sweeping the liquidity above the previous $4195 high. After this liquidity sweep, Gold…
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