As observed, gold fluctuated within the supply zone of $2579 to $2589 yesterday and finally managed to close and stabilize below $2579. Afterward, gold experienced an 80-pip decline, correcting down to $2572, and is currently trading around $2574. If the price stabilizes below $2577, we can expect further declines in gold, with potential targets at $2571, $2565,...
By analyzing the GBPUSD chart on the 4-hour timeframe, we can see that after a recent correction, the price has once again reached the significant supply zone we've marked on the chart. I expect to see a price correction from this area soon. Wait for a suitable trigger. (This analysis will be updated) Please support me with your likes and comments to motivate me...
By analyzing the gold chart on the 4-hour timeframe, we can see that today the price managed to reach a new All Time High, climbing up to $2589.750. Afterward, it faced a correction and is currently trading around the $2580 level. If the 4-hour gold candle closes below $2579, we can consider the $2579 to $2589 range as a Bearish Order Bock. Based on this, we can...
By analyzing the gold chart on the 4-hour timeframe, we can see that the price is currently trading around $2496. If the price manages to hold above $2485, I expect it to rise first to the $2507 to $2518 range to fill the existing liquidity gap. After that, we can anticipate further declines in gold, with potential targets at $2484, $2472, and $2460. Please...
By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that the price has reached a demand zone and has also created a Fair Value Gap (FVG) near its current level, which I expect to be filled in the short term. After that, I anticipate further decline in GBP/USD. The potential targets for this drop are 1.31060, 1.30870, and 1.30330. Please support me...
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after the drop last week to 1.10665, the price eventually closed at 1.10853. I expect that in the upcoming week, after a short initial rise, we will see further decline in EUR/USD. The potential targets for this drop are 1.10600, 1.10260, and 1.09960. Please support me with your likes and...
By analyzing the #Bitcoin chart on the weekly timeframe, we can see that over the past two weeks, the price dropped from $65,000 to $52,500 and is currently trading around $54,400. If the price remains below $57,870, we will likely see further declines in Bitcoin. The potential targets for this drop are $50,750, $49,000, and $44,100. After a short corrective wave,...
By analyzing the Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected, the price entered the supply zone at $235. After reaching this level, the stock faced a decline and corrected down to $210! It is likely that we will see further correction in Tesla's stock price. However, as mentioned in the previous analysis, due to the recent...
By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price has once again reached the supply zone at $2523, and after reacting negatively to this level, it dropped as low as $2504! Now, the price has climbed back to the $2515 area, and with the NFP data set to be released in about 20 minutes, we must be cautious. If the NFP report exceeds the...
By analyzing the #Gold chart on the 4-hour timeframe, we can see that after last night’s analysis, gold rose again to $2497 before experiencing a sharp decline down to $2471. After reaching this critical level, the price didn’t penetrate the liquidity pool below $2471 and instead rebounded to $2491 to fill the liquidity gap caused by the previous drop. As you can...
By analyzing the #Gold chart on the 4-hour timeframe, we see that the price has returned to the supply zone of $2524 to $2529, and I expect further correction from this area. Note that the primary scenario is bearish, and if the price breaks above $2532, this scenario will be invalidated. If the decline starts from this zone, the potential targets are $2518,...
By reviewing the #Gold chart on the 2-hour timeframe, we can see that today the price climbed to higher levels, reaching the $2525 range. Currently, there has been an initial reaction to this supply zone. The price is close to its historical high of $2531, and we need to see if it will stabilize below $2520 or above $2527 in the next 4 hours. Day traders will need...
By reviewing the US Dollar Index chart on the daily timeframe, we can see that last week, the price reached its lowest level in a year, closing at 100.677. Given that the price has dipped below a liquidity pool, we might see an initial positive reaction at the beginning of the week, but I still expect further declines in the Dollar Index overall. Keep in mind that...
By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price is moving towards the supply zone that we've marked on the chart. I expect that once the price enters the $233.5 to $274 range, we will see an initial negative reaction. However, keep in mind that with the potential for interest rate cuts in the coming months, the...
By reviewing the #gold chart on the 2-hour timeframe, we can see that, as expected, the price sharply corrected to fill the FVG that had formed between $2506 and $2520. After entering the demand zone at $2506, gold experienced a strong upward movement, pushing back up to $2520! This analysis resulted in a gain of over 380 pips. Currently, gold is trading around...
By reviewing the latest #gold chart on the 2-hour timeframe, we can see that after yesterday's analysis and reaching the key level of $2486, the price was met with strong demand and has since established a new all-time high, reaching $2531! With this recent rise, a Fair Value Gap (FVG) has formed in the $2520 to $2506 range, which I expect to be filled in the...
By reviewing the latest #Gold chart on the 6-hour timeframe, we can see that the price has dropped over 230 pips since last night, and as expected, we're starting to see the first signs of a price reversal on the chart! A large Fair Value Gap (FVG) between $2465 and $2486 was created on Friday with the price surge, and I expect this gap to be filled soon. Keep a...
By reviewing the latest #Gold chart on the 4-hour timeframe, we can see that on Friday, after reaching the target zone ($2471 to $2477), the price experienced only a brief negative reaction, which was quickly recovered, and finally managed to establish a new high, rising to $2509! Currently, there are no signs of a price reversal in this timeframe. To better...