Gold Analysis: Upon reviewing gold in the weekly timeframe, we observe that the price is trading around $2298. If the NFP data is announced to be higher than the forecasted rate, it will strengthen the dollar index and consequently cause a significant drop in gold prices! Should this occur and gold stabilizes below $2300, we can…
Read more
Gold Analysis: By examining gold in the 2-hour time frame, we see that the price, as we expected, was accompanied by heavy fluctuations with Mr. Powell’s speech and was able to grow up to $2328! After that, gold faced supply pressure again and was able to correct up to $2285 in the last hour! Note that…
Read more
GBP/USD Analysis: By checking the GBPUSD chart, we can see that the price grew exactly as I expected until the supply level of 1.255 and then it was accompanied by a heavy fall. Currently, the yield of this analysis is more than 80 pips (SELL SIDE) and it is still valid!(This Post on TradingView) Author : Arman Shaban To see more…
Read more
EUR/USD Analysis: By checking the EURUSD chart, we can see that the price in this chart has again entered the specified supply range and is trading in the range of 1.068 with a drop of 50 pips! first the price will have a short upward swing and then we can go with the price drop again!(this…
Read more
Gold Analysis: : By examining gold in the 2-hour time frame, we see that the price, as we expected, was accompanied by heavy fluctuations with Mr. Powell’s speech and was able to grow up to $2328! After that, gold faced supply pressure again and was able to correct up to $2285 in the last hour! Note…
Read more
Gold News Gold Futures : Gold prices increased by 0.45% to $2,321.4 per troy ounce, with a rebound from a four-week low, following softer-than-expected remarks from the U.S. Federal Reserve. MUFG’s Forecast : MUFG has a strong bullish stance on gold, predicting a year-end price of $2,350 per ounce, which is now considered a modest…
Read more
Gold Analysis: Upon reviewing the gold chart in the 2-hour timeframe, we observe that, as per our primary analysis and expectations, the decline continued and managed to correct down to $2281! As we had marked on the chart two weeks ago, the range of $2268 to $2284 was an important demand zone where we expected the…
Read more
GBP/USD Analysis: By checking the GBPUSD chart, we can see that the price started to fall from the range of 1.257 and was able to correct up to 1.247 and it brought us about 100 pips of profit! Now I expect the price to move up first and then we will probably see a further drop…
Read more
EUR/USD Analysis: By checking the EURUSD chart, we can see that the price started to fall exactly from the range we specified, and with more than 85 pips, it was able to correct up to 1.065! Due to the fact that the price has entered a demand range, we may see a short growth of EURUSD,…
Read more
Gold News Gold Prices : Spot gold remained near a four-week low, flat at $2,285.69 per ounce as of the latest update, following a drop due to a stronger dollar and U.S. Treasury yields. Recent Low : The price had fallen over $140 from a record high of $2,431.29 on April 12. U.S. Gold Futures…
Read more
