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Category: Technical Analysis

Crypto Blockchain Bitcoin Ethereum Gold Master Arman Shaban

Dogecoin Analysis – 03.Aug.2024

Dogecoin Analysis: By analyzing the #Dogecoin chart on the weekly (logarithmic) time frame, we observe that the price finally managed to fill our desired FVG with a powerful drop, followed by a 57% surge from $0.091 to $0.1437. Now, we can see on the chart that, like other cryptocurrencies in the market, Dogecoin has also undergone…
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Crypto Blockchain Bitcoin Ethereum Gold Master Arman Shaban

Cardano Analysis – 03.Aug.2024

Cardano Analysis: By analyzing the #Cardano chart on the daily (logarithmic) time frame, we observe that the price has started to rise as we expected in our previous analysis, hitting the first target at $0.42 and the second target at $0.45! After gathering the necessary liquidity, it began a further correction and is currently trading around…
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Crypto Blockchain Bitcoin Ethereum Gold Master Arman Shaban

Ethereum Analysis – 03.Aug.2024

Ethereum Analysis: By analyzing the #Ethereum chart on the weekly (logarithmic) time frame, we observe that after the price reached the Bearish OB zone between $3750 and $4150, it faced selling pressure and corrected down to $2800. Currently, the price is trading around $3000, and we need to see if the support at the $2900 level…
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Crypto Blockchain Bitcoin Ethereum Gold Master Arman Shaban

Bitcoin Analysis – 03.Aug.2024

Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly time frame, we observe that as previously mentioned, the price encountered resistance at the $70,000 level and underwent a correction, dropping to $60,500 until a few hours ago. However, it quickly rebounded due to renewed demand and is currently trading around $62,120. There are two significant…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 02.Aug.2024

Gold Analysis: As we expected and mentioned in both our technical and fundamental analysis, I anticipated the NFP figure to be lower than the forecasted rate, and that’s exactly what happened. The actual figure came in at 114K, which is lower than the forecasted rate of 176K! This led to a spectacular rise in gold prices,…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 02.Aug.2024

Gold Analysis: As you can see, gold started to decline from the supply zone at $2460 and corrected down to $2430. However, it then faced a surge in demand and was able to climb up to $2468.5. Currently, gold is trading around $2459. If today’s NFP data is announced to be lower than the forecasted rate,…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 01.Aug.2024

Gold Analysis: By analyzing the #Gold chart in the 2-hour timeframe, we can see that the gold price continued its upward movement due to tensions in the Middle East, reaching up to $2,458.5. Gold futures also set a new all-time high in the Asian session today, climbing to $2,502. Currently, the spot gold price is trading…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 31.Jul.2024

Gold Analysis: By examining the #Gold chart in the 2-hour timeframe, we can see that, as expected and explained in the previous post, gold continued its rise and filled the LV we had marked on the chart, reaching up to $2425. Considering that gold has reached the significant supply zone of $2421 to $2432, the current…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 30.Jul.2024

Gold Analysis: By analyzing the gold chart in the 2-hour timeframe, we can see that, as expected, gold started to rise and hit the targets of $2394 , $2400 , and $2404 , and even managed to reach $2411! Currently, gold is trading around $2404. We might see a short correction soon, and if the price…
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XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis – 30.Jul.2024

Gold Analysis: Upon reviewing the 2-hour chart of #gold, we observe that yesterday’s price initially rallied, maintaining support at $2389 and rising to $2396. However, this was short-lived as gold faced selling pressure, correcting down to $2369. As highlighted on the chart, the $2365 to $2375 zone is a significant demand zone, where the price respected…
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