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…
Read more
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…
Read more
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…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold continued moving lower and reached exactly the demand areas we had been monitoring. Price even dropped toward the $4321 region and is currently trading around $4328. The main driver behind yesterday’s and today’s sell-off is no…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold continued its corrective move and dropped as low as $4395, filling a large portion of the FVG we had been monitoring. Currently, Gold is trading around $4434 and buyers have started reacting from the lower levels.…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that the previous analysis remains fully valid. Gold has spent some time consolidating without making a major move and is currently trading around the $4598 region. In my view, this short-term corrective phase is not completely finished yet. I still expect Gold…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold continued to move lower exactly as expected and dropped toward the $4569 region, bringing the total movement from this setup to more than 1200 pips. Currently, Gold is trading around $4593. The broader structure still remains…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, price pulled back toward the important $4670 supply area and reacted negatively exactly from this zone. Following that rejection, Gold moved lower again and is currently trading around $4615. For now, the short-term corrective scenario from the…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that price once again followed the bullish scenario almost perfectly. Gold extended its rally all the way toward $4697, coming just a few dollars away from the major $4700 level. After reaching this area, sellers stepped in and Gold started correcting, with…
Read more
Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that price reacted exactly as expected from the key demand area. Gold reversed sharply from around $4325 and has rallied all the way toward $4424 so far, delivering more than 980 pips of movement from the previous analysis. Currently, Gold is trading…
Read more
