Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that this is a completely new outlook for Gold. After dropping to the $3958 region yesterday, buyers stepped in and triggered a strong recovery toward $4093. While this rally has been impressive, it is still relatively small compared to Gold’s broader decline…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that our previous bullish recovery scenario ultimately failed to materialize. Gold was unable to stabilize above the key $4119 demand zone and sellers regained control aggressively, triggering another heavy sell-off. As a result, Gold finally broke below the major psychological $4000 level…
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Gold Analysis: By analyzing the #Gold chart on the 12H timeframe, we can see that Gold remains relatively sluggish and lacks strong momentum. During today’s session, price entered the major demand zone between $4023 and $4119, where buyers stepped in once again and pushed Gold higher toward the $4145 region. Currently, Gold is trading around $4136…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after our previous update, Gold once again respected the key demand area perfectly. After dipping toward the $4122 region, buyers stepped in aggressively and pushed price all the way up to $4221, delivering nearly a 1000-pip recovery. Currently, Gold is trading…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after our previous update, Gold extended its decline and pushed into lower demand levels. Once price reached the $4123 region, buyers stepped in aggressively and triggered a rebound toward $4183. However, bulls failed to maintain control and sellers regained momentum once…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that Gold once again followed our previous scenario with remarkable precision. Price reacted beautifully from the supply zone we had highlighted and triggered a heavy sell-off, eventually filling the gap that we had been monitoring for several sessions. More importantly, once Gold…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after our previous update, Gold failed to deliver any significant move and spent the last session consolidating around the $4320 region. Currently, Gold is trading around $4323 and the market is clearly waiting for today’s FOMC meeting before committing to the…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after our previous update, Gold continued moving lower and dropped toward the $4307 region. Currently, Gold is trading around $4318 and short-term momentum has turned bearish again. In my view, if the next candle manages to close below the key $4300…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the market experienced a major shift after reports regarding a potential agreement between Iran and the United States. Gold opened the week with a massive gap around $4300 and has already rallied toward the $4369 region. Although the broader bearish structure…
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Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price once again respected the scenario discussed in our previous update. Before any deeper correction could develop, comments from Trump triggered a strong rebound and Gold rallied from around $4,080 all the way up to $4,246. More importantly, this rally successfully…
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