Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that today’s price action was highly unusual. With Oil rallying toward $95, tensions around the Strait of Hormuz continuing to increase, and the conflict involving Iran escalating, Gold also delivered an exceptional bullish move toward $4163. For the first time in several…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price continued its strong bullish move and reached the 163.24 region, marking another multi-decade high. After this move, USDJPY entered a minor correction, but buyers quickly stepped back in and price is currently trading around the 163.00 level. With the…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, price first dropped toward $3959 and swept the liquidity resting below $3969. After this liquidity sweep, buyers stepped in and pushed Gold higher toward the important $4040 supply zone. Once price reached this area, sellers became active…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, price first moved slightly higher toward the $4060 – $4080 supply zone. Once Gold entered this area, sellers stepped in aggressively and pushed price down toward $3973, delivering more than 1070 pips of movement. Currently, Gold is…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow the expected bullish scenario and successfully reached the projected targets, rallying as high as $87.5. Currently, Brent Oil is trading around $85. With tensions around the Strait of Hormuz increasing, the market is adding a larger…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after last week’s analysis, price continued moving lower and has already reached the $4003 region. In my view, this bearish move is not finished yet. I still expect stronger downside pressure today or tomorrow, and Gold may soon break below the psychological $4000 level. Before that happens,…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, price started another bullish move and reached the $4138 region. After this rally, Gold entered a corrective phase and dropped toward $4073 following another statement from Trump. Currently, Gold is trading around $4105, and the market remains…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, the initial correction we expected did happen. However, price did not stop with a simple pullback. Fresh geopolitical tensions entered the market after renewed attacks between Iran and the United States, which pushed risk sentiment sharply higher.…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that the scenario discussed in Monday’s analysis played out perfectly. We mentioned that Oil was sitting near a major demand zone and that the market was probably waiting for a fresh catalyst to start a stronger bullish move. And that is…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, Gold reacted exactly from the expected level and rallied toward the $4169 region, delivering more than 350 pips of movement. After that bullish move, price entered another correction and dropped toward the $4116 region. Once Gold reached…
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