Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we see that, as anticipated, the price experienced another strong rally, breaking above $2700. Today, gold reached $2711 before encountering a bearish order block, triggering a correction. Currently, it is trading around $2703. With key reports like Retail Sales and Unemployment Claims ahead today, gold…
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Gold News Gold Prices Steady: Spot gold held at $2,696.69 after hitting over one-month highs. U.S. gold futures rose 0.3% to $2,726.60. Core Inflation Data Impact: Softer U.S. core inflation data lowered expectations of aggressive rate cuts, boosting demand for gold as a safe-haven asset. Reduced inflation lifted hopes of a less restrictive Fed policy,…
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Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we see that, as anticipated, the price has fulfilled all expectations from yesterday’s analysis. First, it dropped to $2660, filling the price gap between $2663 and $2664. Then, after accumulating liquidity, it rallied to fill the significant liquidity void between $2675 and $2683. Currently, it…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the three-day timeframe, we observe that the price is still climbing as per the analysis, currently trading around the 1.030 level. The CPI announcement today will be crucial in determining whether the Euro continues its upward momentum. I remain committed to the first scenario of BUY first, then…
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USD/JPY Analysis : By analyzing the USD/JPY daily chart, we can see that, as expected, the price started to drop from the 158 level, correcting by over 130 pips to reach the 156.700 range. Given the current price momentum, I anticipate this decline to continue. As you know, the CPI data will be released today, and…
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Gold News Gold Prices Movement: Spot gold rose 0.1% to $2,681.34 per ounce by 0701 GMT. U.S. gold futures gained 0.5% to $2,696.10. Key Driver: Investors are awaiting the U.S. CPI data release at 1330 GMT for clues on the Federal Reserve’s interest rate trajectory. Higher CPI data may push gold prices lower, reinforcing expectations…
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Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that yesterday, the price hit two targets at $2663 and $2658.8, and even corrected down to $2656. Following this, gold experienced relative demand and climbed to $2675. Currently, gold is trading around $2670. Given that a gap formed between $2663 and $2664, I…
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EUR/USD Analysis: By analyzing the EUR/USD chart on the three-day timeframe, we observe that the price reacted positively to the current level, as anticipated, and is currently in an uptrend. However, based on my analysis, this growth is unlikely to last long. If the scenario plays out, we should soon look for a trigger to enter…
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USD/JPY Analysis : By analyzing the USD/JPY daily chart, we observe that yesterday, the price first breached below 157 and then moved above 158 to gather more liquidity. Currently, USD/JPY is trading around 157.690, and if the price stabilizes below the 158 level, we can anticipate the beginning of the next bearish wave. Other assumptions from…
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EUR/USD Analysis: By reviewing the #EURUSD chart in the three-day timeframe, we can see that the price has currently reached a very important demand zone, and the probability of a price reversal from this level is high! However, note that I personally have another scenario in mind, which is that after an initial short-term rise in…
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