Gold( OANDA:XAUUSD ) entered the Potential Reversal Zone(PRZ) , as I expected in the previous post . ( The Long position is closed. ) Gold is moving near the Upper lines of Ascending Channels . According to Elliott's wave theory , Gold is completing microwave 5 of microwave 5 of main wave 5 . So we have to wait for the CORRECTION . Also, ...
Hello how are you doing friends and traders I am watching GOLD CAREFULLY after Jackson Holes Fed announced a rate cut in Sep 2024 technically gold is showing us more bullish weeks ahead after Fed cut 50BP or 25BP sign for more rates cut in coming months... If we see a Fib retrace after ATH till Golden Fib Ratio 0.5 then it's time to retrace if we see good NFP...
Gold ( OANDA:XAUUSD ) moved, as I expected in my previous post . Gold is moving near the Resistance zone($2,686-$2,670) and within the Bollinger Bands Indicator ( we can consider the upper and lower lines as Support and Resistance ). What is Bollinger Bands Indicator!? Bollinger Bands is a technical indicator used to measure market volatility. It...
As I now know that Cryptocurrency has broken upwards & out of its tight ranges, well for now at least as it's a very volatile beast, Crypto, & the whole lot of it; my focus has swapped to Gold and Silver prices and I see that both have upside potential of their own, especially during Tuesday Asian trading when I was watching both at the bottom of their 15m...
Hey Everyone, Another great day on the chart today allowing us to buy dips inline with our analysis. Our bearish target on this chart complete at 2650 and just our full bullish target at 2674 still open giving us the confidence to buy dips 2650 is currently providing support for the bounce. However, we also need to keep in mind that although we had the move...
Gold started to increase after the tension between Lebanon and Israel , and maybe the price of Gold increased more than expected , so that it even went a little higher than the important resistance line, bu t this increase was in the form of a fake break . Gold is currently moving towards the Support zone($2,600-$2,580) and breaking the Uptrend line...
HELLO TRADERS! As I can see market participants now see a nearly 50% chance of a 50-basis-point rate cut, up from 14% earlier in the week. Comments from former Fed officials and the market’s appetite for deeper cuts have intensified speculation that the Fed may take more aggressive action. This has fueled gold’s rally, with lower rates generally increasing the...
Gold entered the Potential Reversal Zone(PRZ) , as I expected in the previous post . According to the Elliott wave theory , Gold has succeeded in completing the main wave 5 . One sign of this completion is the breaking of the Uptrend line . Also, Regular Divergence (RD-) between Consecutive Peaks . It should be noted that the Flash...
Hello traders, I wrote an article at the weekend where I said that a test and break of 2482 could send price way down to 2434. Please read the article here.
This could be the start of another leg down guys! 2482 is that level where I see real weakness in the Gold-price.
Hey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. After hitting and completing our final target at 2521 multiple times last week, we stated that we will now look for either a candle body close or ema5 lock above 2521 to confirm 2566. We have the candle body close above 2521 for the...
H4 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 August 2024 -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak...
Hey Everyone, Please see update on our weekly chart idea and analysis. As stated last week, that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above. This played out perfectly with multiple attempts on the channel top...
THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to open and attempt to attack the lower support regions 2375 and below that 2367-5, which if held we felt long trades would be available to traders this worked extremely well for us and anyone else who followed the KOG Report. We gave the levels above 2410 and above that 2430 on...
XAUUSD HELLO TRADERS Tendency , the price is under bullish pressure , until trading above turning level at 2,386$ . TURNING LEVEL (1) : this level around 2,386$ , the price trading above this level , indicates it will be trying to reach resistance level (1) , beware if the price breaking this level by open 4h candle below this reach a support level (1)...
Gold has managed to break the Support zone($2,398-$2,376) and the Uptrend line . Gold is currently approaching the Support zone($2,351-$2,329) and Potential Reversal Zone(PRZ) . I expect Gold to rise to at least the Support line again. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every...
Hello everyone! Please find my GOLD market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Gold is moving in the Resistance zone($2,450-$2,426) . Gold moved as I expected in the previous post . According to the Elliott wave theory , Gold has finished main wave 5 , and we should wait for Corrective Waves . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to decline to at least the Support...