Gold News Gold Prices: Eased below $2,650/oz, extending a pullback from record highs. US Labor Market: Strong data with 254K nonfarm payrolls in September (vs. 14K expected) and unemployment fell to 4.1%. Impact on Fed Policy: The strong labor data reduced the likelihood of aggressive rate cuts, alleviating concerns about a weakening labor market. Interest…
Read more
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…
Read more
Tesla Analysis : By analyzing Tesla’s weekly chart (logarithmic), we observe that after a correction down to $209, the price experienced renewed buying pressure and was able to climb back up to $265. Once the price reached this significant supply level again, it faced selling pressure and has, so far, corrected down to $240. I expect…
Read more
Gold Analysis: By analyzing the gold chart on the 30-minute timeframe, we can see that yesterday, as expected, gold started to decline and hit the targets at $2647, $2644, and $2641, giving us a return of about 120 pips! Currently, gold is trading around the $2646 level, and I still expect further declines. However, before this…
Read more
GBP/USD Analysis: One of the most exciting analyses yesterday was this GBP/USD analysis! By reanalyzing this pair on the 2-hour timeframe, we can see that the price dropped over 180 pips, correcting down to 1.30920. This sharp decline created a large liquidity gap, and it’s likely that after the price reaches the 1.30720 demand zone, we’ll…
Read more
USD/JPY Analysis : By analyzing the USD/JPY chart on the 4-hour timeframe, we can see that, as I mentioned earlier, I expected an initial LONG from USD/JPY, which resulted in a rise of over 140 pips, reaching 147.230. After that, we saw a minor correction in the price. Only if the price fails to break above…
Read more
EUR/USD Analysis: By analyzing the #EURUSD chart on the 4-hour timeframe, we can see that, as expected, EUR continued its decline and dropped to 1.10250! Currently, EUR/USD is trading around the 1.10400 level, and I expect further correction if the price stabilizes below this supply zone. If you entered a SELL position yesterday, you can consider…
Read more
Gold News Gold Price Movement: Gold is currently trading around $2,644 per ounce, slightly lower but still maintaining its safe-haven appeal amid the deepening Middle East crisis. Geopolitical Tensions: Iran launched a missile attack on Israel, which led to increased Israeli strikes across the region and a vow for retaliation against Iran. US Economic Impact:…
Read more
Gold Analysis: By analyzing the gold chart on the 30-minute timeframe, we can see that today the price faced a correction after reaching the key supply level at $2663 and is currently trading around $2654. Keep in mind that the shadow of war still looms over the market, so it’s best to minimize your trading risk.…
Read more
GBP/USD Analysis: By analyzing the GBP/USD chart on the 2-hour timeframe, we can see that the price is currently trading around the 1.326 level. Given the current trend, I expect to see further declines in this pair. The first key target is the liquidity pool below 1.32370. This analysis will be updated, folks!(This Post on TradingView) Author : Arman Shaban To…
Read more
