Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that, as expected, the price was able to rise to our desired supply zone at $2444. Currently, we don’t see any signs of a price reversal on the chart. If the price can break below $2439 and stabilize, we can expect the next…
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Gold News Gold rose to $2,442 per ounce on Monday as investors shifted their focus to upcoming US inflation data this week for clues on the Federal Reserve’s monetary policy path. Expectations of a Fed rate cut in September remain, though market opinions are divided following positive US job data, which eased recession concerns. Gold’s…
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Gold Analysis: By examining the #gold chart in the 2-hour timeframe, we observe that last week the price closed at $2431. I expect that with the market opening, after an initial rise to the range of $2442 to $2455, the price will likely decline again. The potential targets for this decline are $2417, $2405, and $2400,…
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GBP/USD Analysis: By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price has entered our desired supply zone as expected and has shown an initial reaction to this level. I expect this pair to decline in price with the market opening, with the first target being 1.27050.(This Post on TradingView) Author : Arman Shaban To see more…
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EUR/USD Analysis: By examining the EUR/USD chart in the 4-hour timeframe, we observe that the price is currently around 1.09160, and I expect this pair to decline further with the market opening. The first potential target for EUR/USD is 1.08820. This analysis will be updated.(this post on tradingview) Author : Arman Shaban To see more analyzes of Gold…
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Ethereum Analysis: By examining the #Ethereum chart in the weekly timeframe (logarithmic), we observe that last week, the price entered the desired demand zone and, after dropping to $2110, encountered buying pressure again. Currently, it has managed to rise over 20% and is trading around $2500. As you know, this support level is crucial for the…
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Dogecoin Analysis: By examining the #Dogecoin chart in the weekly timeframe (logarithmic), we observe that after dropping to $0.080 last week, the price saw heavy demand and increased by 30%, reaching $0.105. Currently, Dogecoin is trading above 10 cents, and we need to see if the price will successfully stabilize above 10 cents in the coming…
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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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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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Gold News Gold Price Movement: Gold eased towards $2,420 per ounce after nearly a 2% rise in the previous session. Geopolitical Influence: The metal’s safe-haven appeal is bolstered by escalating geopolitical tensions, particularly concerns about potential retaliatory strikes by Iran against Israel and a Ukrainian attack on Russia. Federal Reserve Expectations: Markets anticipate a Fed…
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