Gold Analysis: By analyzing the gold chart on the 1-hour timeframe, we can see that since today’s market was partially closed, with major players on holiday, the lack of liquidity led to significant volatility. Today, the price managed to rise to $2,666, collecting liquidity above the $2,665 level. After that, gold experienced further fluctuations and eventually…
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Gold Analysis: Gold Price Overview: Currently, the price of gold is hovering around $2656.99. Recently, gold has seen a slight increase, driven by several factors such as inflation concerns, recent CPI and PPI reports, and geopolitical tensions. Key Influencing Factors: Technical Analysis: Outlook: Given the economic and geopolitical landscape, gold remains in a bullish trend. Traders…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that after experiencing a stop hunt below the $2,605 level yesterday, the price rebounded and rose to $2,647. As previously mentioned, the $2,646 level was a key supply zone, which is why Gold showed a negative reaction upon reaching this level. Currently,…
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Gold Analysis: By analyzing the Gold chart on the 1-hour timeframe, we can see that after entering the desired demand zone, the price started to rise and is currently trading around $2,617. Considering that the US CPI data will be released today and I expect the actual value to be equal to or lower than the…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that the price is currently trading around the $2,620 level. I expect that after a short correction to fill the liquidity gap, the price will start to rise. I have drawn the potential schematic of this movement on the chart. The demand…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that the price started to drop earlier than expected (from the $2,653 level), and unfortunately, our sell position was not triggered. Gold experienced a strong decline, correcting over 480 pips down to $2,604! This sharp drop has created a large liquidity gap,…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that after entering the demand zone of $2,625 to $2,632, the price was met with buying pressure and has now risen to $2,651. There are several key supply levels ahead that we need to focus on. The first and one of the…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that the price opened the market with a negative gap (due to a decreased probability of an Israeli attack on Iran two hours before the market opened). Gold initially corrected down to $2,640 but then experienced an upward move, reaching $2,660 in…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that, as expected, after the NFP news release, which was higher than the forecasted rate, the price experienced a sharp decline, dropping over 290 pips down to $2,632. Following this drop, the price rebounded to gather more liquidity and rose to the…
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Gold Analysis: In the latest analysis of the gold chart on the 30-minute timeframe, we can see that, as expected, yesterday the price rose to $2654, and exactly after reaching this key level, it faced heavy selling pressure and corrected by 175 pips down to $2637. After hitting the target of $2638 and gathering the liquidity…
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