Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after dropping again toward $4245, buyers stepped in and pushed price all the way to $4316. Once Gold reached this supply area, sellers reacted and price pulled back toward $4295. Right now, $4289 is the key level. If Gold closes a…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the bearish scenario played out once again. Gold dropped as low as $4245, bringing the total return from the previous analysis to more than 1100 pips. Currently, Gold is trading around $4258 after a small reaction from demand. However, I…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, price rallied toward $4397 but failed to maintain its momentum. With the new weekly session, selling pressure increased and Gold dropped as low as $4322. Currently, Gold is trading around $4351. My outlook is relatively neutral, but…
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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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