KOG REPORT: In last week’s KOG Report we said we said the correction in gold was likely going to be profit taking and we were not ready to suggest it’s bearish as yet. We suggested that resistance may hold during the early part of the week and if it did, we felt the opportunity to short the market back down into 2330-35 and below that 2310-2295 would be...
End of day update from us here at KOG: Following on from the KOG Report published yesterday, what a move on Gold, point to point, level to level, as we like it here at KOG. Early session straight into support giving the short, then the RIP which was expected straight into the order region, and to top it off, the RIP from the order region for the short. Pip...
THE KOG REPORT: In last week’s KOG Report, what can we said during the early part of the week we wouldn’t be looking to long the market, instead, we would look for a high to form and then short the market back down in to 2230 and below that 2220. We got the short into the initial levels which is where we suggested during the week that traders take the trades and...
Hello Traders! I'm looking for a short trade on GOLD. I see the price in a key resistance level where I expect a bearish momentum until the PWL. In case of confirmation, i will execute this trade. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep...
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...
Gold is making LH and LL in 15M TF, so as per dow theory it will fall further to TP1 level than TP2
Yesterday I had said that Gold's upward retracement is over. Price indeed fell to the 2153 level to form EQUAL LOWS. The lows must be broken. This is a heavy sign that Gold will be falling hard in the coming weeks/months. I'm bearish!
Gold has been retracing. This retracement to the 2177 area has come to an end. A massive fall is now playing out. I expect price to fall below 2153 (EQ LOWS) and continue to plummet. --------------------------------- Patience is key!
This week's outlook on gold is intriguing given its recent high volatility and activity, reaching all-time highs. With liquidity now absorbed to the upside, I anticipate a shift in price direction towards the downside. This could signify the exhaustion of bullish momentum and the formation of a Wyckoff distribution pattern. In response, I'll be observing for a...
My outlook for gold this week leans bearish, and I'm on the lookout for nearby shorting opportunities to drive the price towards the daily demand zone. Presently, I'm eyeing a clear 5-hour supply zone as a potential selling point. I'll be patient, waiting for a Wyckoff distribution pattern to unfold within this area before considering entry for my sell...
Xau has created a mitigation zone at the 2040's, a new weekly candle formed as its the beginning of a new week ( its an initial bearish movement on the liquidity sweep below) till the 1990's and then we go bullish BOOST 🚀, COMMENT 📑 and FOLLOW 🏷 for more helpful analysis 👍 ....
This week's perspective on gold is quite interesting, considering the recent break to the downside. The current retracement, triggered by a reaction from an imbalance, has my attention focused on the 22-hour supply zone. This particular zone played a significant role in causing the downward break. Given that price has cleared liquidity from its all-time highs,...
My Gold forecast for this week anticipates a temporary bearish move to clear the liquidity below. With the bullish pressure fading and a shift in character to the downside, there are indications of a brief bearish phase. Given the substantial liquidity below, I expect a descent towards 2032, where a 19hr demand zone is located. Currently, my strategy involves...
Important financial data: PPI will be announced this morning (8:30 AM New York time), EIA U.S. crude oil inventory data (10:30 AM New York time), and at 2 PM the major U.S. Federal Reserve interest rate decision will be released, with a 99% probability that the rate hike will be paused. Fundamentals: • The Biden administration is preparing to provide depleted...
Gold-making triangle which probably gives the breakout of downside. Sell at 2040 TP 2026 SL 2050
Gold bear mode to reach the support level 1785 i was think the price moving up but now the pressure in price is show to drop a little more
GOLD following the downtrend, no it is supposed to be the LH SELL AT 1813 TP 1804 SL 1816
General Commentary: on 21 Oct 2022 gold rose more than 3% to our OB again #1,663.27 - #1,672.42 which we have set our sell order after the price action triggered from #1,670.00 towards #1,657 on a satisfactory #13 point profit run, the market has created more OB at #1,670.09 - #1,665.25 which the Change of Structure has appeared, we have opened our sell order at...