Gold Analysis: Well, as you can see and we mentioned it in the previous analysis, today we will have CPI statistics! The predicted rate for CPI Y/Y is 2.9%, if the actual number is higher than the expected rate, we will witness the growth of the dollar index and consequently the heavy fall of gold! Note…
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Gold Analysis: By examining gold in the 4-hour time frame, we can see that the price, after falling to $2012, came back with demand and is currently trading in the range of $2028! Today is a very important day because we will have the CPI statistics, which determines the inflation rate of the United States, and…
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Gold Analysis: By checking the gold chart in the 4-hour time frame, we can see that the price, as we expected, first grew up to $2027 to collect liquidity, and then started to fall, which managed to hit the target of $2020 and $2016, and even Corrected up to $2013! The efficiency of this analysis has…
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Gold Analysis: By checking the gold chart in the 4-hour time frame, we see that the price closed at $2024.360 on Friday! With the opening of the market, we may have an initial upward movement and then gold will start its next corrective movement! But be careful that it is better to wait until the opening…
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Gold Analysis: Well, as you can see, gold managed to correct up to $2020, and after re-entering the demand range specified on the chart, it faced buying pressure, and for the time being, gold has been prevented from further falling! Pay attention that we are in the final hours of the market and the price will…
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Gold Analysis: As you can see, the price entered the Supply Zone that I had specified on the chart and fell to $2025! After the price reached 2025$, it was accompanied by demand again and went up to 2037$ and we can see that at this moment the volatility of gold has reached its maximum and…
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Gold Analysis: As you can see, about 3 hours ago, the Unemployment Claims statistics of this week were announced and the result was lower than the expected rate! When the Actual rate is announced lower than the expected statistics, it strengthens the dollar index, which caused gold to fall to the range of 2020 dollars! After…
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Gold Analysis: By examining the gold chart in the 4-hour time frame, we can see that the price, after growing up to $2044, could not stabilize and close above the important level of $2040, and it was pulled back below this important level! As I said before, to determine the main trend, we must witness the…
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Gold Analysis: Well, as I announced in today’s GOLD NEWS , the global demand for gold has increased, and for this reason, the price tends to grow again! On the last day, after reaching the specified supply range, the price corrected from $2038 to $2030 and was again accompanied by demand, and this time it is…
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Gold Analysis: As you can see, the price has been corrected after reaching the specified supply range, and in the last 4 candlesticks, we saw gold fall from $2038 to $2031! We have to see how the price will behave with the start of the New York session and then we can make a better decision…
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