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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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…
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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…
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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…
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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…
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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.…
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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…
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