THE KOG REPORT: In last week’s KOG Report we said we would be looking for the support level of 2145-7 to be attempted and if held we felt that region would represent an opportunity to long the market using KOG’s daily bias levels and the levels on the chart. We said we would be looking for 2165-7 and in extension of the move into 2175 which were both completed. ...
Spot Gold remains confined to a tight intraday range on Wednesday, hovering around the $2,155 mark. The US Dollar advanced throughout the first half of the day but reversed gains with Wall Street’s opening as investors await the United States (US) Federal Reserve (Fed) monetary policy decision. The central bank is widely anticipated to keep rates on hold, with...
THE KOG REPORT In last week’s KOG Report we said we would be looking for the price to retest the new highs created, and as long as the price wasn’t beaten, we would be looking to short the market back down into the 2165 levels and below that 2150. As you can see, we have another point to point move, with a low set in at 2150 for the week, giving the perfect...
Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable. However, with gold being priced in US dollars, all eyes are on the Federal...
Gold price (XAU/USD) lacks any firm intraday directional bias on Wednesday and seesaws between tepid gains/minor losses, below the $1,970 level through the first half of the European session on Wednesday. The precious metal, however, manages to hold its neck above a two-week low, around the $1,957-1,956 region touched on Tuesday. Traders now seem reluctant and are...
As you can see, the price had a bullish reaction after touching the HTF order block. Now if the price can stay above 1818 we can expect a bullish move for a short term and define 1840 as a target. Personally, I will study the price for a short position, if the price reaches to Supply zone. 💡Wait for the update! 🗓03/10/2023 🔎 DYOR 💌It is my honor to share...
Dear traders, gold is ready for sell entry 1923 sl 1933 tp 1905 note- per trade max risk 1 % ( MONEY MANAGEMENT IS THE ONE AND ONLY KEY IN FOREX )
gold can boost up after a minor retracement setting alerts and being patient is vital also important areas are marked up which price can react to.
Im expecting the 4hr candle to flip and make a move down to the next level as shown on the chart. This would mean sells below 1850.00 with a 4hr closure required. As always, im in bed through asian session and awake from 06.30 GMT to catch the pre london volume. Remember guys, its TIME AND PRICE that is the key to scalping these markets. Be at the charts when...
Welcome to 2023 traders. We hope everyone had a lovely holiday period. On the first trading day of the year, gold buyers are setting the tone with a new breakout and setting up a new trend continuation. Risk markets continue to trade mixed with some gains on stock futures while major risk currencies are trading lower to the USD and sharply lower to the...
Free peak at my chart of gold. Take a look at how easy it is to visualize the trend on a chart when you mark out the highs and the lows. Take what you came from this. I am not going to give you everything. :)
Gold currently facing resistance at 1715.02 & support at 1704.95 creating a ranging structure. Now if gold makes break & close below the structure, then it might continue to push down to the next support level at 1693.91. Similarly, if gold closes above the structure with further bullish move, then it might continue to push up retesting the previous highs at 1727.63.
Price currently facing short tf resistance at 1714.35 & support at 1703.60. now if price makes a break & close above the resistance, then it might continue pushing up to retest the previous high at 1727.63 or all the way up to retest the higher tf key zone at 1744.43. And If price makes a breakout of the previous low or recent support at 1703.60, then it continue...
Price currently ranging in between 1680.51 as its resistance & 1656.16 as its support. now if price respects the support & closes above the resistance, then it could continue to push up to the next zones at 1692.36 or all the way to 1707.02 to make a retest on the newly forming downtrendline. And if price respects the resistance & closes below the support the it...
Price facing recent support at 1667.16 while retesting the uptrendline & also price facing resistance at 1679.46. so if price break & closes above the resistance while respecting the support & uptrendline then price might continue to come up to the next resistance at 1691.67. However if price breaks out of the support, that would also be a breakout of the uptrend...
So gold currently moving in a downtrend channel & also formed a small timeframe structure while facing recent resistance at 1671.26 & support at 1653.99. now if price respects the resistance & breaks out of the support at 1653.99 then price might continue to push down to retest the next HTF support at 1644. 40 while still moving in respect to the...
Price retesting a major support zone on HTF at 1680.50 & also facing recent resistance at 1690.93 while moving in a downtrend. now if price respects the recent resistance and breaks & closes below the major support zone then gold could continue pushing down creating new lower low. However if gold respects the support and makes a breakout of the resistance then...
Gold after the bearish engulfing move from yesterday, formed a bit of structure with a recent resistance at 1708.53 & support at 1696.67. now we are looking for trades on the breakout of the structure. so if price respects the recent resistance & makes a breakout of the support at 1696.67 then price continue pushing down to next major support zone at 1681.93....