EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we observe that the price is trading around the 1.09090 level. As you know, the price is within a supply zone. However, given the context, we are likely to see this resistance break. If the support holds within the 1.088 to 1.08880 range, we can…
Read more
Bitcoin Analysis: Bitcoin surged over 12% to nearly $63,000 as former President Trump confirmed his attendance at Bitcoin 2024. Despite a failed assassination attempt, Trump remains a strong Bitcoin supporter, advocating for crypto-friendly regulations. Analyzing the Bitcoin chart on the weekly timeframe, we see that the price, as expected, rebounded from our demand zone and has…
Read more
Gold News Gold prices dipped on Monday due to a firm dollar. Investors are awaiting economic data and comments from Federal Reserve officials for U.S. interest rate cues. Spot gold was down 0.4% at $2,402.82 per ounce; U.S. gold futures were down 0.5% at $2,408.50. The dollar rose after an attempted assassination of Donald Trump,…
Read more
Gold Analysis: By examining the #Gold chart on the 4-hour timeframe, we observe that after trading around $2419 last night, gold entered a significant supply zone between $2407 and $2450 (Daily Bearish Order Block). As expected, the price declined from this zone and dropped to $2398, resulting in approximately 200 pips of profit. Currently, gold is…
Read more
Gold News Gold prices dipped 0.3% to $2,407.31 per ounce, but were up 0.5% for the week. U.S. gold futures fell 0.4% to $2,412.50. Weaker-than-expected U.S. inflation data boosted expectations for September rate cuts. Markets now see a 93% chance of a September rate cut, up from 70%. Lower interest rates reduce the opportunity cost…
Read more
Gold Analysis: As we saw, the CPI statistics were released, and the actual figures were lower than the forecasted ones. This caused the gold price to start rising according to the first scenario, penetrating above $2393 to gather liquidity. Subsequently, it managed to fill its old FVG by rising to $2413. After that, gold faced selling…
Read more
Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that the price is currently trading around $2382. In a few minutes, we will have CPI statistics, and if these figures exceed the predicted rate, it could lead to a decline in gold prices or vice versa! Possible scenarios include the price initially…
Read more
Gold News Gold prices increased for the third consecutive session, with investors anticipating U.S. inflation data. Spot gold gained 0.4% to $2,381.13 per ounce by 0704 GMT.U.S. gold futures rose 0.3% to $2,386.20. weaker dollar made gold more attractive to other currency holders. The June Consumer Price Index (CPI) report is expected at 1230 GMT…
Read more
Bitcoin Analysis: By Analyzing the #Bitcoin chart on the weekly time frame, we observe that the price has maintained its support level and is currently trading around $58,000. Yesterday, Bitcoin managed to rise to $59,500. Let’s see if the price can successfully push above $60,000 again this week or not. Holding above $60,000 is crucial as…
Read more
Gold Analysis: By Analyzing the #Gold chart on the 4-hour time frame, we observe that, as expected, gold faced heavy selling pressure after an initial rise to the $2368 area yesterday. It corrected over 190 pips, dropping to $2349.5, hitting our first two targets. Subsequently, gold gathered liquidity below $2351, encountered buying pressure, and managed to…
Read more
