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...
The price makes a false break of resistance and decreases.The market is forming a complex pullback the resistance zone.I think it might make a pullback and continue moving downward. My goal is the support at 2015.800
2 I think the white support/resistance will watch the drop and then break the yellow support. This rise could possibly be proportional to DXY. I will be following you in the long and short term because I am trying to do research on this subject.
#XAUUSD According to the analysis given to XAUUSS earlier, the TREND LINE is BREAKING and DOWN about 200 PIPS. We hope you get it. We have some very important NEWS coming to the USD this week, especially tomorrow. So we have to wait a bit until we get them. Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671...
- As we can see, GOLD is still going down since the last few days. The reason was that the US10Y was constantly strengthened by MARKET UPDATES. But as soon as there is an opportunity in the future, GOLD can be BUY as per the MARKET STRUCTURE. But yet there is no reason or incident to make GOLD MARKETS FUNDAMENTALLY UP yet. - By now, GOLD must go to 1675...
- As we can see, the GOLD is still down yesterday. But as soon as we get a chance in the future, it could be GOLD BUY. The reason for this is that we can introduce the new rules used by BIDEN for RUSSIAN GOLD. - By now GOLD must go to 1808 LEVEL. Then by 1885 the PRICE must be UP STRUCTURE BREAK If one comes. Definitely FOLLOW the STRUCTURE we provided. ...
- US10Y is currently slightly up to 3.0% LEVEL. Like we said before, it's been a bit of a CORRECTION in the last few days. We can see that the POSITIVE SENTIMENT for USD ECONOMIC DATA is also very POSITIVE for DXY. - The power of USD is still very strong in GOLD. US10Y will behave today on the behavior of CPI DATA in the NEWYORK SESSION. DXY has been DOWN...
- US10Y is currently slightly up to 2.92% LEVEL. Like we said before, it was a little CORRECTION just like we thought. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. The POWER of USD is still very strong in GOLD. Now DXY has been DOWN very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is...
⛔️ US10Y is currently slightly down to 2.91% LEVEL. It was a little CORRECTION just like we thought. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. The POWER of USD is still very strong in GOLD. Now DXY UP has been very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is going to be with...
- As mentioned earlier, a very important event took place at the FOMC MEETING yesterday. The US Federal Reserve has increased their rates by 50bps. Before that there was some talk among the traders about it. So after raising their rates, the US dollar weakened. This is because the USD has been BUY in the past due to the sentiment of traders on the rates they...
- There are some very sharp economic data to be released this week for the US dollar. Today, especially GDP DATA is due to be released. So be careful when you trade NEWYORK. ADVANCED GDP INDEX, UNEMPLOYMENT CLAIMS DATA will also be released today. - US10Y is currently at 2.76% LEVEL .. Now US10Y is DOWN. Currently, the POSITIVE SENTIMENT for USD is similarly...
- There are some very sharp economic data to be released this week for the US dollar. For this reason, the GOLD will be slightly volatile on Wednesdays, Thursdays and Fridays. Among them are GDP DATA, CORR PCE DATA, CONSUMER CONFIDENCE, important DATA key. - US10Y is currently at 2.83% LEVEL. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and...
- UNEMPLOYMENT CLAIMS DATA is due to be released today for the US dollar. PHILLY FED MANUFACTURING INDEX DATA will also be released. And there's another important EVENT FED CHAIR POWELL SPEAK today. It will definitely be the strongest NEWS for USD. - US10Y is currently at 2.87% LEVEL. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this...
Here is my idea for GOLD... possible bearish correction... If you have any idea, leave comment below and give thumbs up. Regards BALI TRADEX
Double bottom price action on the GDXJ Price of the double bottom also hitting S/R zone of the previous 4 year base break-out. Does this indicate a reversal in the last 12 month pull-back and the start of a new break-out?
COMEX:GC1! Here is the G/S (Gold / Silver) ... and here is the USD - DXY
Gold- If it has to fall further , it should sustain below 1930 levels.