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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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price reacted exactly as expected from the key supply zone discussed in the previous analysis. After trading around the 162.37 region, USDJPY started to reject from this area and dropped more than 75 pips, reaching the 161.65 region. This confirms…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, Gold first corrected toward the $4155 region. However, with the new weekly session open, buyers stepped in again and pushed price higher toward $4203, sweeping the liquidity above the previous $4195 high. After this liquidity sweep, Gold…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price continued to push higher and the Japanese Yen has weakened to levels not seen for decades. USDJPY is currently trading around the 162.37 region and price is now sitting inside a very important supply zone. At this stage, the…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that after correcting toward the $70 region, price is now trading around $72 and still moving inside the important demand zone we discussed earlier. For now, Brent Oil is still ranging in this area and the market is waiting for a…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, Gold followed the bullish scenario and first pushed toward the $4120 region. After that, the move continued even stronger as the U.S. Dollar Index weakened, helping Gold extend its rally all the way toward $4195. Currently, Gold…
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