Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after dropping again toward $4245, buyers stepped in and pushed price all the way to $4316. Once Gold reached this supply area, sellers reacted and price pulled back toward $4295. Right now, $4289 is the key level. If Gold closes a…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the bearish scenario played out once again. Gold dropped as low as $4245, bringing the total return from the previous analysis to more than 1100 pips. Currently, Gold is trading around $4258 after a small reaction from demand. However, I…
Read more
Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that BTC is currently trading around $84,000, and nothing important has changed from the previous analysis. The key level remains $82,300. As long as Bitcoin holds above this area, I still expect another bullish move toward $87,500 and $90,000. The nearest demand…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous analysis, price rallied toward $4397 but failed to maintain its momentum. With the new weekly session, selling pressure increased and Gold dropped as low as $4322. Currently, Gold is trading around $4351. My outlook is relatively neutral, but…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that price followed our bullish scenario and rallied toward $4399. However, after reaching the important supply zone, sellers stepped in and pushed Gold back toward $4368. In my view, $4360 is now the key level. If Gold manages to close a 4H…
Read more
Gold Analysis: By analyzing the #Gold chart on the 4H timeframe, we can see that the Fed raised interest rates as expected, triggering a sharp sell-off toward $4235. However, buyers stepped in after the initial volatility and pushed Gold all the way back toward $4380. Currently, Gold is trading around $4370. In my view, the initial…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, price continued trading inside the important $4224 – $4285 demand zone, but neither buyers nor sellers managed to create a strong directional move. The nearest supply zones to watch are around $4300 – $4325, followed by $4360…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, selling pressure continued and Gold dropped as low as $4253. Currently, price is trading around $4270 and sitting inside a very important demand zone.The key area to watch is $4224 – $4285. If buyers manage to defend…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that Gold returned to the $4337 – $4376 demand zone, reacted positively again and is currently trading around $4351. Today’s CPI is the main catalyst. The market expects roughly 0.4% headline CPI and 0.2% core CPI MoM. If CPI, especially Core CPI,…
Read more
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, price dropped toward $4380 but buyers stepped in again and pushed Gold back toward $4404.In my view, as long as Gold manages to stabilize above the $4337 – $4376 demand zone, the short-term bullish scenario remains valid.The…
Read more
