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Category: Technical Analysis

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Bitcoin Analysis – 12.Aug.2024

Bitcoin Analysis: By examining the #Bitcoin chart in the weekly timeframe, we observe that in the past week, the price dropped to $49,000 and then encountered buying pressure, rising up to $63,000. Currently, Bitcoin is trading around $59,750, and we need to see if the weekly candle will close below $60K or above $60K in the…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 09.Aug.2024

Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that after an initial correction, the price continued to rise further. After reaching $2424, there were several reactions to this level (check the candlestick wicks), and the price continued to rise, currently trading around $2424. The price may continue to increase, and once…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 08.Aug.2024

Gold Analysis: By examining the #gold chart in the 2-hour timeframe, we observe that as expected, after entering the range of $2403 to $2410, the price faced selling pressure and corrected from $2407 to $2381 with a drop of 260 pips. After reaching $2381, the price encountered renewed demand because the range of $2379 to $2384…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 07.Aug.2024

Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that the price is currently trading around $2398. We are still waiting for the price to reach the range of $2403 to $2410, after which we can prepare for a sell position with an appropriate trigger. Note that the risk of war due…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

GBP/USD Analysis – 07.Aug.2024

GBP/USD Analysis: By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price started to drop powerfully as we expected and managed to fill the desired FVG with over 145 pips, reaching the price of 1.2672. Currently, the price is rebounding towards 1.2760, and after that, we can look for a trigger to…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

EUR/USD Analysis – 07.Aug.2024

EUR/USD Analysis: By examining the EUR/USD chart in the 4-hour timeframe, we observe that after an initial reaction to the desired level, the price rose again and penetrated above 1.10 in a powerful move to gather liquidity. Following this, it underwent a correction and is currently trading around the 1.092 level. We need to wait for…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 06.Aug.2024

Gold Analysis: By analyzing the #Gold chart, we can see that the price, as expected, started to decline from the $2414 area and, with a 350-pip return, managed to correct down to $2381, hitting all three of our specified targets)! Currently, gold is trading around the $2394 area, and after a short upward movement, I expect…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 06.Aug.2024

Gold Analysis: By analyzing the #Gold chart in the 2-hour timeframe, we can see that the price has continued its upward movement as we expected, reaching as high as $2418! Currently, gold is trading around the $2414 area, and we need to see if the price can be rejected from this important zone or not. If…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 05.Aug.2024

Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that the price continued its decline and entered the demand zone at $2365. Following this, there was a strong demand surge, and moments ago, the price even rose to $2395. Considering the heavy decline, a significant liquidity gap (FVG) has formed, which…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 05.Aug.2024

Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that, as per our previous analysis, gold successfully filled the targeted FVG and hit the targets of $2450 and $2456. Immediately after reaching these targets, it experienced a heavy drop and is currently trading around $2388, having corrected over 700 pips. The…
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