Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow our bullish scenario and finally reached the major psychological $100 level. The original analysis was published on July 6, when Brent Oil was trading around the key $70 demand zone. At that time, I mentioned that…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that today’s price action was highly unusual. With Oil rallying toward $95, tensions around the Strait of Hormuz continuing to increase, and the conflict involving Iran escalating, Gold also delivered an exceptional bullish move toward $4163. For the first time in several…
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USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price continued its strong bullish move and reached the 163.24 region, marking another multi-decade high. After this move, USDJPY entered a minor correction, but buyers quickly stepped back in and price is currently trading around the 163.00 level. With the…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, price first dropped toward $3959 and swept the liquidity resting below $3969. After this liquidity sweep, buyers stepped in and pushed Gold higher toward the important $4040 supply zone. Once price reached this area, sellers became active…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow the expected bullish scenario and finally broke above the psychological $90 level, reaching as high as $91.5. Currently, Brent Oil is trading around $88 after a minor correction. In my view, this pullback may remain temporary,…
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Gold Analysis:By analyzing the #Gold chart on the 2H timeframe, we can see that since the previous update, price has experienced heavy and unstable volatility inside the $3960 – $3980 demand zone. Several factors are currently affecting Gold at the same time, including rising tensions around the Strait of Hormuz, renewed conflict in southern Iran…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, price first moved slightly higher toward the $4060 – $4080 supply zone. Once Gold entered this area, sellers stepped in aggressively and pushed price down toward $3973, delivering more than 1070 pips of movement. Currently, Gold is…
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Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow the expected bullish scenario and successfully reached the projected targets, rallying as high as $87.5. Currently, Brent Oil is trading around $85. With tensions around the Strait of Hormuz increasing, the market is adding a larger…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that price followed yesterday’s scenario almost perfectly. Gold first dropped sharply from around $4017 toward $3984, reaching the downside area we had been monitoring. After entering this demand zone, buyers stepped in as expected and pushed price back toward $4033. Later, the…
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Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after last week’s analysis, price continued moving lower and has already reached the $4003 region. In my view, this bearish move is not finished yet. I still expect stronger downside pressure today or tomorrow, and Gold may soon break below the psychological $4000 level. Before that happens,…
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