Gold Analysis: As we expected and mentioned in both our technical and fundamental analysis, I anticipated the NFP figure to be lower than the forecasted rate, and that’s exactly what happened. The actual figure came in at 114K, which is lower than the forecasted rate of 176K! This led to a spectacular rise in gold prices,…
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Gold Analysis: As you can see, gold started to decline from the supply zone at $2460 and corrected down to $2430. However, it then faced a surge in demand and was able to climb up to $2468.5. Currently, gold is trading around $2459. If today’s NFP data is announced to be lower than the forecasted rate,…
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Gold Analysis: By analyzing the #Gold chart in the 2-hour timeframe, we can see that the gold price continued its upward movement due to tensions in the Middle East, reaching up to $2,458.5. Gold futures also set a new all-time high in the Asian session today, climbing to $2,502. Currently, the spot gold price is trading…
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Gold Analysis: By examining the #Gold chart in the 2-hour timeframe, we can see that, as expected and explained in the previous post, gold continued its rise and filled the LV we had marked on the chart, reaching up to $2425. Considering that gold has reached the significant supply zone of $2421 to $2432, the current…
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Gold Analysis: By analyzing the gold chart in the 2-hour timeframe, we can see that, as expected, gold started to rise and hit the targets of $2394 , $2400 , and $2404 , and even managed to reach $2411! Currently, gold is trading around $2404. We might see a short correction soon, and if the price…
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Gold Analysis: Upon reviewing the 2-hour chart of #gold, we observe that yesterday’s price initially rallied, maintaining support at $2389 and rising to $2396. However, this was short-lived as gold faced selling pressure, correcting down to $2369. As highlighted on the chart, the $2365 to $2375 zone is a significant demand zone, where the price respected…
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Gold Analysis: By analyzing the #gold chart on the 2-hour timeframe, we observe that, as expected, the price continued its upward movement with the market opening. It managed to completely fill the targeted Fair Value Gap (FVG) and hit the $2393 target! Ultimately, gold reached up to $2403.3, providing us with nearly 500 pips of profit.…
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Gold Analysis: By examining the #gold chart on the 2-hour timeframe, we observe that, as expected, the gold price experienced further growth and managed to hit the target of $2381.5, even reaching $2391. Currently, gold is trading around the $2385 range, and we need to see tonight’s closing price to predict the potential price trend for…
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Gold Analysis: By reviewing the 2-hour timeframe chart of #gold, we can see that after the analysis I shared last night, the price began to rise again from the same demand zone we were looking at. It gained over 260 pips, reaching up to $2379.5. Currently, the price is trading around $2375, and if it stabilizes…
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Gold Analysis: Upon analyzing the gold chart on the 2-hour timeframe, we observed that, as anticipated, the price entered the designated demand zone and managed to rise from $2358 to $2376, yielding a return of 180 pips. However, it faced selling pressure again and is currently trading around $2354. We need to monitor whether this level…
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