Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that price moved exactly as expected and entered the $5038 to $5077 supply zone. Once Gold reached this area, it faced aggressive selling pressure and experienced a sharp decline down to the $4859 level. After tapping into that demand zone, buyers stepped…
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EUR/USD Analysis: By analyzing the #EURUSD chart on the 1-hour timeframe, we can see that price reacted exactly as expected from the 1.18780–1.18900 supply zone. As mentioned in the previous analysis, this was a key resistance area, and once price entered this zone, selling pressure stepped in immediately. EURUSD started its corrective move from this supply…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that last night price suddenly dropped more than $180 and entered the $4870 area. After that, Gold made a strong rebound and rallied back to $4999, where it reacted to the psychological $5000 resistance. Today, after another pullback to $4935, CPI data…
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EUR/USD Analysis: By analyzing the #EURUSD chart on the 1-hour timeframe, we can see that after the CPI release, the euro started to move higher and entered the 1.18780 to 1.18900 supply zone. The first reaction from this area was negative, and price pulled back to 1.18600. Right now, EURUSD is still trading close to this…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that price is still moving inside a neutral range and not following a clear trend yet. The $5120 zone remains a very important and decisive level for Gold’s next move. If price manages to push back toward this key level and break…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that following the NFP release, price sharply dropped toward the $5020 level. However, this move was quickly absorbed by strong demand, and buyers stepped in aggressively. After this reaction, Gold recovered and is now trading around the $5085 area. The strong bounce…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that after a small pullback yesterday, price made a strong move toward the $5086 resistance. Gold successfully broke this level and rallied up to $5121. After reaching this important zone, price faced selling pressure and is now trading around $5076. Key demand…
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Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that after our last analysis, price first corrected down to $4994 and almost hit the first two bearish targets. After that, gold reversed and pushed higher again, this time rallying above $5080. Once price reached $5086, it faced strong selling pressure and…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that price moved exactly as expected yesterday and hit the $4,876 target, even extending up to $4,907. This move delivered more than 580 pips of profit. After reaching $4,907, gold corrected sharply and dropped to $4,655. Once price reached this key demand…
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Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that after our previous analysis, price moved exactly as expected and first corrected down to $4,790. After reaching this key level and sweeping the liquidity below it, gold turned bullish again and is now trading around $4,850. If price can stabilize above…
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