Gold Analysis: Analyzing the Gold chart in the 4-hour timeframe, we can observe that after a correction down to $2643, the price has resumed its upward movement and has so far climbed to $2660. It remains to be seen whether the key support zone between $2635 and $2648 will prevent further downside corrections. If the price…
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Gold News Gold Price: Gold traded above $2,660 per ounce as markets awaited the Federal Reserve’s policy decision. Fed Policy: The Fed is expected to announce a 25bps rate cut, boosting gold’s appeal by lowering the opportunity cost of holding non-yielding assets. Geopolitical Tensions: Israel’s air and ground attacks in Gaza increased demand for gold…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price failed to maintain its bullish momentum yesterday. With news favoring the dollar index, gold experienced further declines, reaching $2664 so far. Now, we can expect an upward correction, likely followed by another drop before gold resumes its rally towards levels above…
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Bitcoin Analysis: Analyzing the #Bitcoin chart in the 4-hour timeframe, we observe that the price is currently trading around $100K. If the price stabilizes below $100,380, we could expect further declines, with $97,800 as the first key level, followed by the potential start of the next bullish wave for Bitcoin. The second scenario involves a price…
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Ethereum Analysis: Analyzing the Ethereum chart in the weekly timeframe (logarithmic), we observe that the price has managed to gain bullish momentum once again, currently trading above $3,900. If the price stabilizes above $3,800, we can anticipate further growth for Ethereum in the coming weeks, with mid-term targets at $4,600, $5,700, and $7,400.(This Post on TradingView) Author : Arman ShabanTo see…
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Cardano Analysis: Analyzing the #Cardano chart in the daily timeframe (logarithmic): We can see that after our last analysis, this fascinating cryptocurrency finally initiated a strong upward movement after a long time. With an incredible 300% 🤯 growth, Cardano soared from $0.32 to $1.32! ✅ It’s been one of the most exciting investments of this year!…
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TonCoin Analysis: Analyzing the #Toncoin chart in the daily timeframe, we observe that after a 30% decline from $7.2 to $5, which created a significant liquidity gap, the price faced buying pressure and has now recovered above $6.4. I expect this liquidity gap to be filled soon, leading to further bullish momentum for this exciting cryptocurrency.…
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Gold News Gold continued its decline on Friday, falling below $2,670, extending losses from the previous session as investors evaluated the latest economic data. US factory gate prices in November rose more than expected, sparking concerns that inflation could stay above the Federal Reserve’s target into 2025. Initial jobless claims surged unexpectedly to a two-month…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that the price has finally stabilized above $2700 after reaching $2727 and collecting liquidity above the $2721 level. Currently, it is trading around the $2710 zone. Considering the significant news scheduled for today, I anticipate heavy volatility for gold. After a minor correction,…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can observe that, as expected, the price experienced an impressive rally yesterday, reaching $2704 before undergoing a significant correction. The price reacted strongly to the supply zone we had identified on the chart, ultimately retracing to $2676. After reaching the critical demand zone at $2676,…
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