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 for gold lies between $2303 and...
By re-examining the gold chart in the 2-hour time frame, we can see that yesterday the price penetrated above $2330 to collect liquidity, and then it fell and was able to hit the first target of $2312. Please note that the level of $2312 is a The important demand level and therefore the reaction to it was positive, now if the price penetrates below this level...
Upon reviewing the Bitcoin chart on a weekly (logarithmic) timeframe, we observe that the price is trading around $61,200. It might penetrate below $59,500 to gather more liquidity! Let’s examine the scenarios together: if the price stabilizes and closes below $59,500, we may see a further decline, possibly even a correction in Bitcoin down to $53,210. This would...
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 in the price! Please support me with your likes and comments to motivate me to share more analysis...
Hello Traders , Upon examining the gold chart in the 1-hour timeframe, we can see that after the price entered the targeted supply zone ($2352), it faced selling pressure and corrected with a drop of 230 pips down to $2328. Now, gold has closed at $2338, and I expect further correction with the market opening, although it’s possible that the price may re-enter the...
Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
As you can see, after correcting the price to $2324 yesterday, the price went up again and today it was even able to grow up to $2391! As you can see, gold is correcting its price again and is currently trading in the range of $2368! The important range of demand is between $2324 and $2332 and the important supply ranges are $2390, $2398.8 and $2404 to $2406! ...
By checking the USDJPY chart in the 12-hour time frame, we can see that the price penetrated above the 151.920 level in the past few days to collect liquidity, and then it was accompanied by a price correction! On the chart, we see the creation of a large LV, which I expect to be filled in the medium term! By stabilizing the price below 151.500, we can more...
By checking the EURUSD chart, we can see that after the growth of this currency pair up to the supply range of 1.093, the price faced heavy selling pressure and with a drop of more than 130 pips, it is currently trading in the range of 1.082! If the price can stabilize above the support of 1.07990 to 1.082, we can expect a small upward movement of the price!...
By checking the EURUSD chart in the one-hour time frame, we can see that the price after growing up to 1.09060 faced heavy selling pressure and was able to correct by more than 70 pips to 1.08350! I still think this drop can continue and the next supply levels are 1.08615, 1.08680 and 1.08980 respectively! Please support me with your likes and comments to...
By examining the gold chart in the daily time frame, we can see that the price could not fall to lower levels after falling to $2146, and Jerome Powell, the head of the Federal Reserve, indicated a possible reduction in interest rates by the end of 2024 by three quarters of percent contingent on further economic data! After this speech, we saw the strong growth of...
By checking the gold chart, we can see that the price, based on my expectation, was corrected when the price entered the range of $2038 to $2044 and fall from $2041 to $2035! I think that after an initial short growth, the price will fall to $2029 as the first target! To determine the next trend, we have to wait for the opening of the London market and monitor the...
By checking the EURUSD chart, we see that the price is trading in the supply range of 1.077, and I think that if the price can maintain the support of the range of 1.072 to 1.075, we will probably see the break of the resistance of 1.080 and rise to 1.088! Please support me with your likes and comments to motivate me to share more analysis with you and share...
By analyzing the gold in the 4-hour time frame, we can see that, as I said, I was monitoring the range of $2034 to $2042 for the SELL position and gold faced a strong growth to $2038 and by entering this supply range it faced heavy selling pressure. and is currently trading in the range of $2033 ! Note that this analysis in the 4-hour time frame is complementary...
By re-examining the USD/JPY chart, we can see that based on our analysis, the price continued to fall again and brought us a total yield of 220 pips up to this moment! We can still expect a further drop after a small upward corrective movement! The new supply ranges are 147 to 147.230 and 147.400 to 147.900 respectively! Please support me with your likes and...
By checking the gold chart in the 4-hour time frame, we see that the price is currently trading in an important Rejection Block range, which may start to correct from this level, As I said in the previous analysis, you can consider the range of $2046 to $2048 for SELL, but based on my personal opinion, I suggest that you watch the market today and don't open any...
By checking the gold chart in the daily time frame, we can see that the price is moving according to the second scenario and we have to see which trend the price will take when the New York market opens! If the price stabilizes above $2032, we will probably see the growth of gold up to $2045 as the first target and $2049 and $2053 as the next targets! Watch the...
As you can see, after yesterday's analysis of gold, as we expected, the price started to fall from the range of $2030 and was able to correct until $2017, and after that it faced buying pressure again and today it was able to grow up to $2038! With the growth of gold up to $2038 and its entry into the Rejection Block area, we saw that the price was strongly...