Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we can see that after hitting the third target of $2337 from our last analysis, gold faced heavy selling pressure and failed to reach the subsequent targets. Following this, gold experienced a significant drop, correcting down to $2304, and has since seen renewed demand after…
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Gold News Gold prices were subdued as investors awaited a key U.S. inflation reading. Spot gold eased 0.3% to $2,312.90 per ounce; U.S. gold futures fell 0.3% to $2,324.80. The dollar rose 0.2%, making gold more expensive for other currency holders, while 10-year yields also edged higher. Higher Treasury yields and a stronger U.S. dollar…
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Gold Analysis: As you can see, gold has started to rise again exactly as we expected and hit the target of $2337! Yesterday, we saw gold reach the targets of $2329 and $2332, and today it has hit the next target of $2337. After reaching this significant level, gold faced some selling pressure and is currently…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we see that, as expected, this currency pair has started to decline. With a return of over 30 pips, it is currently trading around the 1.07140 level. I still expect further downward movement in the price. I hope you found this analysis helpful!(this post on…
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Gold News Gold prices remained steady at $2,332.30 per ounce as of 0934 GMT, with Western investors awaiting U.S. inflation data for clues on future rate cuts. Gold is down 5% from a record high of $2,449.89 per ounce reached on May 20. The current price movement is driven by sentiment in China, where highly…
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Gold Analysis: By re-analyzing the gold chart on the 4-hour time frame, we can see that, as expected, gold started to rise and hit the targets of $2329 and $2332. Now, gold is trading around $2331, and we need to wait for a price consolidation above $2333 to confirm further growth. The next targets for #Gold…
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Tesla Analysis : By analyzing the #Tesla stock chart, we can see that the price has once again reached the supply zone at $185 and has been unsuccessful in breaking through the resistance. For this reason, our previous analysis remains valid. We need to see when this decline will finally start! The supply zone is between…
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ShibaInu Analysis: By analyzing the #Shiba chart on the weekly (logarithmic) time frame, we can see that after a significant rally, this cryptocurrency has undergone a correction. We should soon expect the end of this correction and the start of the next upward wave. Keep an eye on these levels: 0.00001542, 0.00001385, and 0.00001248! Additionally, the…
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Bitcoin Analysis: By analyzing #Bitcoin on the weekly time frame, we can see that the price has started to decline again according to the second scenario and is now attempting to reach the demand zone of $52,800 to $56,700. Keep an eye on the price reaction to this level! We will likely see a strong move…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour time frame, we can see that after the last analysis, the price managed to drop to the desired level and then faced demand again. As you can see now, the price has reached the supply zone of 1.074 to 1.076, and I expect it to be…
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