Gold Analysis: By analyzing the 6-hour chart of #gold, we observe that, as expected, gold experienced a decline and corrected to $2391 with a yield of 280 pips. Subsequently, the price saw a resurgence in demand and has risen to $2416 so far. The important supply levels are $2418.5 to $2424.6 and $2429 to $2433. The…
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Gold Analysis: By examining the #Gold chart on the 4-hour timeframe, we observe that after trading around $2419 last night, gold entered a significant supply zone between $2407 and $2450 (Daily Bearish Order Block). As expected, the price declined from this zone and dropped to $2398, resulting in approximately 200 pips of profit. Currently, gold is…
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Gold Analysis: As we saw, the CPI statistics were released, and the actual figures were lower than the forecasted ones. This caused the gold price to start rising according to the first scenario, penetrating above $2393 to gather liquidity. Subsequently, it managed to fill its old FVG by rising to $2413. After that, gold faced selling…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that the price is currently trading around $2382. In a few minutes, we will have CPI statistics, and if these figures exceed the predicted rate, it could lead to a decline in gold prices or vice versa! Possible scenarios include the price initially…
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Gold Analysis: By Analyzing the #Gold chart on the 4-hour time frame, we observe that, as expected, gold faced heavy selling pressure after an initial rise to the $2368 area yesterday. It corrected over 190 pips, dropping to $2349.5, hitting our first two targets. Subsequently, gold gathered liquidity below $2351, encountered buying pressure, and managed to…
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Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we see that the price initially rose to $2377, as expected, and then began to decline, also as anticipated. As mentioned, I expected an upward move first, followed by a decline. This happened exactly, with gold dropping sharply from $2379 to $2351, resulting in a…
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Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we observe that based on the latest analysis from Friday, gold experienced an initial drop but then saw renewed demand, eventually rising to $2393 and closing above this liquidity pool. After that, we saw that with the market opening, gold experienced a significant drop, correcting…
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Gold Analysis: As expected, with the actual NFP figure exceeding the forecast, we saw an initial drop in gold prices. Gold fell from $2369 to $2349, hitting our first target with a 200-pip drop right after the news was released. However, given the mixed data, gold quickly recovered and even surged to $2376.Currently, gold is trading…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that the price is trading around $2364 and is close to the supply zone of $2369 to $2387. Today, we have the NFP report being released, and if the actual figures exceed the forecasted numbers, we are likely to see the dollar index…
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Gold Analysis: By analyzing the gold chart in the 4-hour time frame, we can see that the price started to rise exactly as we expected, hitting targets of $2355 and $2360! After the price entered this range and rose to $2365, we saw a price correction, and now, with a 100-pip drop, gold is trading around…
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