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...
Here is my latest structure analysis for Gold. Resistance 1: 2182 - 2195 area Support 1: 2143 - 2148 area Support 2: 2077 - 2088 area Support 3: 2054 - 2065 area Support 4: 2035 - 2044 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which measured between $1,984.03 and $2,195.22 at $2,145.17. The same chart shows technical indicators have turned flat around overbought levels after correcting extreme readings, suggesting sellers have no say. At the same time, moving averages develop far below...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two structures and testing support at 2155 Goldturn with a retracement range just below at 2147 weighted level. If we see the 2155 hold then price will head towards our Bullish target at 2166 and a break and lock above 2166 will see the range...
Here on gold price has been in uptrend and has made a rebound on 2160.00 and try to push down look at Elliot wave on daily timeframe it also predict down that means that going for SHORT needed and targeting profits should be around 2060.00 and 1990.00 .
Simple trading: Fibb on impulse We look to sell gold for a correction. This isn't a trend reversal, just a pull back. Let's take advantage of a potential sell. Key support areas: 1. Daily support (grey line) 2. Fibb .382 3. Fibb .5 4. Fibb .618 SELL Confirmations: 1. No high higher 2. Weekly Res Confirmed 3. Triangle Break and retest
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly. Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two structures, support at 2151 Goldturn and resistance at 2171 Goldturn. We are looking for a bullish test on 2171 and a break and lock above 2171 will open the range above. We also have a immediate bearish test at 2151 and a break and lock...
Technical Analysis Chart Pattern: Identified a potential Quasimodo (QML) pattern, suggesting a bearish reversal. Indicators: Price has retraced to the Fibonacci 78.6 - 88.6 zone, a common area for trend reversals to occur. This confluence with the QML pattern strengthens the potential sell signal.
Gold gained traction and advanced toward $2,160 after spending the first half of the day in a tight channel near $2,150. With the benchmark 10-year US T-bond yield rising above 4.3% in the session, however, XAU/USD struggles to gather bullish momentum. The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which...
This week was very slow for Gold. The market was consolidating after setting a new all-time high. Here are potential scenarios for next week. If the price drops and closes below 2144 level on a daily, it will confirm the strength of the sellers and a correctional movement will be anticipated at least to 2090 level. Alternatively, a bullish breakout of a...
The U.S. dollar index headed for its largest weekly gain since mid-January, making gold more expensive for overseas buyers. “We increase our average gold price forecast for 2024 from $2,095/toz to $2,185/toz, targeting a move to $2,300/toz by year-end,” Goldman Sachs wrote in a note
Hey Everyone, Please see update on our 4H chart idea that we shared last Sunday. This chart has played-out perfectly with price hitting our first Bullish target start of the week at 2190 followed with no cross and lock above confirming the rejection into the retracement range completing our retracement targets. We are seeing price bounce between the two...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate....
Hey Everyone, Following on from yesterday, as suggested we are seeing price play within the range 2178 Goldturn resistance and 2157 Goldturn support. Yesterday we stated that EMA5 failed to lock below 2157 retracement level, which followed with the bounce into 2166 and leaving target 2178 open. This was hit perfectly and then once again ema5 failed to lock...
Daily/4h time frames analysis on Gold. Price action & important key levels. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
The euro, a symbol of European unity and economic strength, stands as one of the world's most widely used currencies. Amidst global economic fluctuations, the euro remains a cornerstone of stability within the Eurozone, fostering trade and investment across borders. As the second most traded currency in the world, the euro's influence extends beyond Europe,...
Hey Everyone, Once again our chart idea played out level to level once again! We had the 2184 target hit yesterday but ema5 failed to cross above and therefore as stated we got the drop into the highlighted retracement range followed with the perfect bounce into into 2178 , as already market up on the chart with arrows from Sunday. We have also updated our...