Gold News Gold Price Increase : Gold reached its highest price since the April crash due to expectations of Federal Reserve interest-rate cuts. June Gold Futures : They rose 1.4% to $2,373.6 per troy ounce, with a peak at $2,377.2, the highest since April 22. April Peak and Drop : Gold hit an all-time high…
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Gold Analysis: Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone…
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Gold News Gold Prices : Spot gold was stable at $2,310.47 per ounce, with U.S. gold futures slightly down by 0.2% to $2,317.30. U.S. Economic Data : Investors are awaiting weekly jobless claims, consumer sentiment readings, and consumer price index data for cues on potential Federal Reserve interest rate cuts. Market Expectations : There’s a…
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Gold Analysis: Upon reviewing the $GOLD chart in the 2-hour timeframe, we observe that the price, after rising to $2320, faced a correction and is currently trading around $2310. The significant demand level remains at $2291 to $2303, and I anticipate that entering this zone could lead to an upward movement. I hope you make the…
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Ethereum Analysis: Upon analyzing the #Ethereum chart on a weekly (logarithmic) timeframe, it is observed that the price had grown by 169% from October 20, 2023, to March 11, 2024, reaching $4090, before finally experiencing a drop and correcting down to the $3000 range. After a correction, it is likely that we will see Ethereum grow…
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Dogecoin Analysis: Upon reviewing the #Dogecoin chart on a weekly (logarithmic) timeframe, we can see that last week the price dropped to the demand level of $0.12 and then encountered buying pressure, managing to rise by more than 40% to $0.17. Currently, this cryptocurrency is trading around $0.148 and I expect further growth in the medium…
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Litecoin Analysis: Upon examining the #Litecoin chart on a weekly timeframe, we can see that the price is currently trading around $81.5 and there is still an opportunity for further analysis for long-term investment. The demand zones are respectively from $67 to $72 and $53 to $59, while the supply zones are $93.8, and from $112…
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CHILIZ Analysis: Upon reviewing the #CHZ cryptocurrency chart on a weekly (logarithmic) timeframe, we observe that the price, after a correction down to $0.10270, has once again encountered demand pressure and has managed to grow to $0.13130 up to this moment. The yield of this analysis has been over 30% so far and remains valid! The…
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Gold Analysis: In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an…
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NASDAQ Analysis: As I mentioned last night, Nasdaq in the 4-hour timeframe is close to an important supply zone (18,085 to 18,175 and 18,250 to 18,340). It is likely that we will soon witness a decline in Nasdaq. The potential targets for this decline are, in order, 17,940, 17,780, and 17,670. Be sure to keep an…
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