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Gold Breaks $3,352 Support – Further Downside Risk📊 Market Overview: • Spot gold is now trading at $3,352–3,356/oz, sliding sharply on profit-taking and uncertainty over potential U.S. import tariffs on gold. • Weak buying interest at support pushed the price below the 200-hour MA, opening the door for deeper declines. 📉 Technical Analysis: • Key resistance: $3,360–$3,365 • Nearest support: $3,345; next at $3,330 • EMA 09: Price remains below EMA09 → short-term trend is bearish • Momentum: RSI below 45, sellers maintain control 📌 Outlook: • Gold may continue to decline toward $3,345 or $3,330 if the H1 candle closes below $3,350. • Only a break back above $3,365 with strong volume could trigger a short-term reversal. 💡 Suggested Trading Strategy: SELL XAU/USD: $3,362–3,365 🎯 TP: 40/80/200 pips ❌ SL: $3,368 BUY XAU/USD: $3,345–$3,348 (only if clear bullish reversal candlestick forms) 🎯 TP: 40/80/200 pips ❌ SL: $3,342
OANDA:XAUUSDShort
by Mian-FXSignals
2
Golden opportunities are not hard to grasp.Gold Market Forecast for Next Week: Gold News Analysis: The US dollar strengthened on Friday, but it is poised for a weekly decline as weak economic data led traders to price in the possibility of more interest rate cuts this year. Investors also assessed US President Trump's Federal Reserve nominations. Gold prices experienced a roller-coaster week from August 4th to 8th, particularly during the past two trading days, when reports of gold bar tariffs sparked market panic. Despite the White House's eventual clarification of the reports, gold prices remained near the peak of uncertainty, hovering around $3,400. Gold prices tested the $3,400 mark several times this week, but despite increasing expectations of a Fed rate cut and Trump's nomination of dovish Fed officials, prices remained above that level. Until Friday's news of gold bar tariffs, gold prices surged above the $3,400 mark, reaching a high of $3,409, the highest level since July 24th. Following the panic caused by the gold bar tariffs, and despite the US clarification of the reports, analysts and retail investors remain bullish on gold prices for next week. Next week, gold prices will focus on the meeting between Trump and Putin, as well as speeches by several Federal Reserve officials on the economic outlook, and the release of the July unadjusted CPI annual rate. Gold Technical Analysis: Looking at the current gold price trend, after Friday's pullback and negative close, will gold prices continue to decline next week, or will they rebound and rise? I believe the former is unlikely. The possibility of a new low exists, but it is low. Several attempts at the 3380 support level have failed to break. First, looking at recent price trends, gold prices have continued to rise, with higher highs and lower lows, indicating that the 3268 support level is valid. After rebounding to 3409, it began to fall, closing near 3397, demonstrating the 3380 support level and the strength of bullish sentiment. This suggests that gold prices are currently range-bound at a high level. However, given that the support level remained intact and the price closed above it, the possibility of gold prices breaking below 3380 next week is ruled out. Gold prices failed to break below 3380 on Friday as expected, and the overall trend of rising, falling, and closing lower shows that bulls still have the upper hand. However, I think it is not advisable to conclude that bulls will control the market next week. Although bulls have repeatedly tested 3410 without success, the decline has not been strong. In other words, if the bulls were truly strong, there would be no decline the next day, and the opening of next week should continue to rise. However, the current gold price has not only slowed down its rise, but also shown signs of decline, which means that bears are still holding the 3410 resistance level. Based on the above, we recommend a low-to-long strategy for early next week, supplemented by high-to-short strategies. Regarding support, watch out for 3380. After yesterday's repeated dips, this will become a key defensive point for bulls at the beginning of next week. A test or break of this resistance level is expected. An unexpected break below would disrupt the bullish short-term trend, with a high probability of seeing 3368 or a continuation of the decline to the 3350 area. However, we prefer a move higher above 3380. Regarding resistance, watch out for the 3410 area. Although this area is at 0.382, the dividing line between 3268 and 3500, and also represents resistance from Friday's high, after adjustments and with bullish momentum, the probability of a breakout is increasing. Therefore, we recommend focusing on the 3343 area, which provides strong resistance from the previous high and also represents the dividing line at 0.236. Upon first approaching or touching this area, try to enter a medium-term short position. On the whole, the short-term operation strategy for gold next week is recommended to focus on shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 3410-3420 line of resistance, and the short-term focus on the lower side is the 3380-3370 line of support.
OANDA:XAUUSDLong
by Trade-Daniel
Gold Breaks Support – Risk of Pullback Toward $3,310📊 Market Summary: Gold prices initially rose on weaker-than-expected U.S. jobs data, which lowered Treasury yields and weakened the U.S. dollar. However, after breaking the key support at $3,365, gold continued to decline toward $3,354, and briefly touched $3,352, signaling rising technical selling pressure. Despite a 92% market expectation for a Fed rate cut in September, the technical breach increases the risk of a deeper correction. 📉 Technical Analysis: • Key Resistance: Around $3,365–$3,370 – this zone now acts as short-term resistance; stronger resistance lies at $3,375–$3,380 if prices recover. • Nearest Support: The $3,365 level was broken. New support is seen at $3,352–$3,350; a continued drop may bring prices to $3,335, and possibly toward $3,310–$3,300. • EMA 09: Price is now below the 9-day EMA, suggesting a short-term bearish trend. • Momentum / Volume / Candlestick: RSI is near 50, slightly bearish; volume is tapering on the downside, indicating distribution. Early signs of a head-and-shoulders (H&S) pattern are developing. 📌 Outlook: Gold may continue declining in the short term if it stays below the $3,350–$3,352 zone. A further drop toward the $3,335 – $3,310 region is possible. If price rebounds and closes above $3,365, the bearish momentum could be neutralized. 💡 Suggested Trade Strategy: 🔻 SELL XAU/USD : $3,355–$3,358 🎯 TP: 40/80/200 pips ❌ SL: ~$3,361 🔺 BUY XAU/USD : $3,305–$3,302 (if price pulls back deeper) 🎯 TP: 40/80/200 pips ❌ SL: ~$3,299
OANDA:XAUUSDShort
by Mian-FXSignals
GOLD TRADING PLAN – Triangle Squeeze, All Eyes on NFP【XAU/USD】GOLD TRADING PLAN – Triangle Squeeze, All Eyes on NFP Gold continues to trade within a large symmetrical triangle, tightening toward the end of its range. However, current candle structure shows clear bullish momentum, indicating the potential for a strong upside breakout. 🔍 Today’s Key Focus: Non-Farm Payrolls (NFP) Market expectations are pointing to weaker-than-expected US economic data, which could trigger strong FOMO-buying for gold if confirmed. A poor NFP report would likely weaken the USD, supporting bullish continuation. 🔑 Strategy and Key Technical Levels: Watch for a confirmed breakout above the descending trendline to trigger Wave 3 of the bullish structure. CP ZONE + OBS BUY ZONE triggered yesterday already yielded 160+ pips profit. Strategy: Prefer buy-the-dip entries. SELL setups only valid on strong resistance rejection. Avoid counter-trend trades near breakout zones. 🟩 BUY ZONE: Entry: 3276 – 3274 Stop Loss: 3270 Take Profits: 3280, 3284, 3290, 3294, 3300, 3305, 3310, 3320, 3330, 3340, 3350 🟥 SELL ZONE: Entry: 3339 – 3341 Stop Loss: 3345 Take Profits: 3335, 3330, 3325, 3320, 3315, 3310, 3305
OANDA:XAUUSDLong
by MMFlowTrading
3
Bounce From Final Liquidity or Start of a Bullish Move? Bounce From Final Liquidity or Start of a Bullish Move? After the FOMC event, gold completed a sweep of the final liquidity zone at 3269–3271 and rebounded strongly, in line with the broader bullish trend. The price has now recovered sharply and is gradually returning to the liquidity zones left behind after yesterday’s sharp drop. 📍 At the moment, gold is reacting around 3295, which aligns with a CP (Compression Point) Zone on the M30 chart. We're seeing a slight pullback here, and another retracement could occur before a strong upward continuation — potentially breaking out of the descending trendline that’s formed over recent days. 📊 Trading Plan & Key Levels ✅ BUY ZONE – Trend Continuation Setup Entry: 3286–3284 Stop Loss: 3278 Take Profits: 3290 → 3294 → 3298 → 3304 → 3308 → 3312 → 3316 → 3320 → 3330 → … 💡 This is a prime area to look for re-entries into the dominant bullish move. Price action left a clean liquidity zone below after the aggressive upside reaction — ideal for riding the next wave. ❌ SELL ZONE – Only Valid Below VPOC Entry: 3328–3330 (Volume Point of Control) Stop Loss: 3335 Take Profits: 3324 → 3320 → 3315 → 3310 → 3305 → 3300 🔻 This is a high-probability short only if price stays below 3330. If gold closes above this VPOC region, the structure shifts to bullish and we should look for sells higher up — around 335x–337x zones. 📅 Monthly Candle Close – Watch for Indecision As it’s the last trading day of the month, note that the past two monthly candles have printed doji-like wicks, signalling indecision and liquidity grabs. The market is still waiting for a clearer signal from the Fed on the first potential rate cut of the year. 🚫 Avoid emotional trading. This is a highly reactive environment, so careful risk management is key. 🧭 Final Thoughts Gold continues to respect market structure and liquidity theory. The first major test lies at the 3313 resistance level — if broken, it opens the door to stronger bullish momentum toward the broader VPOC zone. ⏳ Be patient and only act when price confirms your bias.
OANDA:XAUUSDLong
by MMFlowTrading
2
GOLD – A Bottom in Place or Just the Calm Before the Storm?GOLD – A Bottom in Place or Just the Calm Before the Storm? Gold has recently shed nearly $50, indicating sustained bearish pressure. But here’s the real question: 👉 Is this simply a liquidity sweep before a bullish reversal? 👉 Or are we witnessing the early stages of a broader bearish continuation? Let’s break it all down – step by step – to map out smart, reaction-based trading opportunities. 🌍 Macro & Fundamental Overview The US–EU trade and defence agreement has dampened gold’s role as a safe haven in the short term. The US Dollar and equity markets remain strong, driven by solid macroeconomic data. Overall market sentiment leans “risk-on”, pushing capital into riskier assets and away from precious metals. 📆 Upcoming Key Events: Tuesday: ADP Employment Data Friday: FOMC Statement & Nonfarm Payrolls (NFP) These events could drastically shift market expectations around Fed policy, impacting gold’s direction. 📊 Technical Picture (Timeframes H1–H4) Gold has rebounded from recent lows and is currently moving within a parallel bullish channel. However, price is now nearing a critical resistance level at 3342 – a potential turning point. 🔎 Key Technical Zones: 🔺 Short-Term Resistance: 3342 🔺 Major Supply Zone: 3369–3388 (Order Block + Fair Value Gap + Fib 0.5–0.618) 🔻 High-Liquidity Support Zone: 3293–3290 🔻 Key Demand Zone (FVG): 3275–3273 🔺 High-Level Resistance: 3416 🧭 Trading Plan – Based on Price Action (Not Prediction) We don’t guess the market. We wait, watch, and react based on price confirmation. ✅ Scenario 1 – Buy the Dip (Scalp Setup) Entry: 3293 – 3291 Stop Loss: 3286 Targets: 3296 → 3300 → 3304 → 3308 → 3312 → 3315 → 3320 → 3330 🟢 Ideal for intraday scalps within high-liquidity zones. ✅ Scenario 2 – Buy from Deep Demand (Swing Setup) Entry: 3275 – 3273 Stop Loss: 3269 Targets: 3280 → 3284 → 3288 → 3292 → 3300 → 3305 → 3310 → 3320 → 3330 🟢 Great opportunity if price absorbs selling pressure at the FVG zone and reverses. ❌ Scenario 3 – Short from Key Resistance (3342) Entry: 3340 – 3342 Stop Loss: 3346 Targets: 3335 → 3330 → 3325 → 3320 → 3310 🔴 Use if price fails to break and hold above 3342. ❌ Scenario 4 – Short from Major Supply Zone (Swing) Entry: 3369 – 3372 Stop Loss: 3376 Targets: 3365 → 3360 → 3355 → 3350 → 3345 → 3340 → 3330 → 3320 🔴 Higher-risk setup; enter only on strong rejection or bearish candlestick confirmation. ⚠️ Risk Management Guidelines Avoid entries during the London and NY open – fakeouts and stop hunts are common. Always wait for clear price reaction within zones – avoid impulsive entries. Respect your stop-loss levels, especially with this week’s major data releases. 🎯 Final Thoughts for UK & Global Traders Let the market come to you – never chase price. Stay disciplined, especially in volatile weeks like this one. The best trades are reactionary, not predictive. 💬 Found this plan useful? Feel free to comment your views or follow for more structured gold analyses throughout the week.
OANDA:XAUUSDLong
by MMFlowTrading
3
Gold at Key Support – Will Bulls Step In or Drop Continue?🌐 Market Overview Gold has struggled to recover after yesterday's sharp drop, driven by macro-political concerns and profit-taking at recent highs. 🔻 On July 24, former President Trump made an unexpected visit to the US Federal Reserve, sparking speculation that he's pressuring the Fed to cut interest rates soon. While the Fed has yet to make any dovish moves, short-term bond yields dipped slightly, showing growing market expectations for policy easing. The US dollar remains strong, reflecting some skepticism around the Fed’s possible shift despite recent economic strength. 📉 Technical Outlook On the H2 chart, gold still maintains an overall bullish structure. However, it's approaching a critical support level near 3338, which aligns with the VPOC and the ascending trendline. 📌 If this zone breaks, price may rapidly fall toward deeper liquidity zones in the 332x – 329x range. 🎯 Trade Setups 🔽 BUY SCALP (Quick Reaction Play) Entry: 3338 – 3336 Stop Loss: 3332 Take Profit: 3342 – 3346 – 3350 – 3354 – 3360 – 3365 – 3370 – 3380 🟢 BUY ZONE (Deep Buy Area – Long-Term Potential) Entry: 3312 – 3310 Stop Loss: 3305 Take Profit: 3316 – 3320 – 3325 – 3330 – 3340 – 3350 – 3360 – 3370 – 3380 🔻 SELL ZONE (if market retests) Entry: 3374 – 3376 Stop Loss: 3380 Take Profit: 3370 – 3366 – 3360 – 3355 – 3350 – 3340 – 3330 🔍 Key Levels to Watch Support: 3350 – 3338 – 3325 – 3310 – 3294 Resistance: 3374 – 3390 – 3400 – 3421 ⚠️ Risk Note As we head into the weekend, liquidity sweeps are common – especially on Fridays. Be cautious of sharp moves. Focus mainly on scalp setups today. Avoid early long entries unless strong confirmation appears at lower liquidity zones. Always follow your TP/SL strategy to protect your capital.
OANDA:XAUUSDShort
by MMFlowTrading
Bullish Momentum Fading? Key Correction Levels Ahead XAUUSD – Bullish Momentum Fading? Key Correction Levels Ahead (23 July) 📰 Market Overview Gold surged strongly overnight, driven by: A speech from Fed Chair Jerome Powell, with no hints of resignation or major policy shift. Rising geopolitical tensions between the US, China, and the EU — with the 1st of August marked as a key deadline. A notable drop in US bond yields and the US Dollar, triggering increased demand for safe-haven assets like gold. While today’s economic calendar is quiet, the market remains sensitive to sudden volatility. 📉 Technical Analysis On the H4 chart, the recent bullish wave shows signs of exhaustion. Reversal candles are now forming on the H1 and M30 timeframes — suggesting a potential correction in the short term. The 3412 – 3410 support zone will be critical. If price breaks below and invalidates the ascending trendline, we may see a deeper pullback toward lower liquidity zones (FVGs). Below that, the 335x region offers strong confluence (Fibonacci 0.618 + previous demand zone), making it a prime area for potential long entries if price action confirms a bounce. 📌 Trade Setups to Watch 🔻 SELL ZONE: 3469 – 3471 Stop Loss: 3475 Take Profit Targets: 3465, 3460, 3455, 3450, 3445, 3440, 3430, 3420 → Wait for a breakout and retest before shorting. 🔸 BUY SCALP: 3385 – 3383 Stop Loss: 3379 TP Targets: 3390, 3394, 3398, 3402, 3406, 3410 → Ideal for intraday pullback entries with clear structure. 🔹 STRONG BUY ZONE: 3356 – 3354 Stop Loss: 3350 TP Targets: 3360, 3364, 3368, 3372, 3376, 3380, 3390, 3400 → Great long-term entry zone with technical alignment (liquidity + fib levels). ⚠️ Risk Management Reminder Even in low-news sessions, markets may spike unexpectedly due to political statements or liquidity sweeps. Always respect your TP/SL levels — smart trading is protected trading. 💬 Patience breeds precision. Wait for the zone, trust the plan, and manage the trade.
OANDA:XAUUSDShort
by MMFlowTrading
2
Gold 22/07 – Reversal in Sight After $3400? Watch These Key Zone XAUUSD – Intraday Market Outlook (22/07) Gold posted a strong rally in the previous session, completing its short-term impulsive wave structure. However, as price approached the psychological resistance at $3400, it began to lose momentum, and a clear reversal candle appeared — a signal that today’s session may favour a pullback or correction. 🔍 Technical Overview After printing a short-term top, gold is now retracing and has reached a critical support area: the FVG High Zone on the H1 chart. If bearish pressure continues and this level fails to hold, price is likely to drop further in search of deeper liquidity zones. 🔽 Key BUY Zones to Monitor Today ✅ Zone 1 – EL (End Liquidity within FVG): 3367 – 3350 → A zone with strong potential for short-term rebounds due to previous liquidity sweeps. ✅ Zone 2 – Confluence of FIBO 0.5–0.618 + VPOC (3350 – 3335) → A technically significant area where multiple factors align — ideal for medium-to-long term entries. 📌 Trade Setup Ideas 🔸 BUY ZONE: 3351 – 3349 Stop Loss: 3344 Take Profit Targets: 3355 – 3360 – 3365 – 3370 – 3375 – 3380 – 3390 – 3400 – ??? 🔸 BUY SCALP ZONE: 3366 – 3364 Stop Loss: 3360 Targets: 3370 – 3375 – 3380 – 3385 – 3390 🔻 SELL ZONE: 3420 – 3422 Stop Loss: 3427 Targets: 3415 – 3410 – 3405 – 3400 – 3390 – 3385 ⚠️ Market Risk Reminder While no major economic data is expected today, that doesn’t mean the market will stay calm. Unexpected volatility can still arise from geopolitical tensions or unscheduled central bank comments. Gold tends to compress and break out aggressively in low-news environments. 📌 Protect your capital with disciplined Stop Loss and Take Profit levels — no forecast is ever 100% certain. 📈 Strategic Outlook Short-term bias: Market is likely to continue correcting Medium to long-term plan: A deeper pullback could offer an excellent opportunity to build long positions from key demand zones, especially as markets begin to price in potential Fed rate cuts and gold continues its long-term bullish trend. 💬 Be patient, wait for confirmations, and trade with a clear plan — that’s what separates consistency from chaos.
OANDA:XAUUSDShort
by MMFlowTrading
2
QUIET START TO THE WEEK, WATCH OUT FOR KEY RESISTANCE!🔔 GOLD PLAN 21/07 – QUIET START TO THE WEEK, WATCH OUT FOR KEY RESISTANCE! 🌍 Market Overview Gold has bounced back strongly following a brief pullback late last week. The move comes as geopolitical tensions and global conflicts continue to escalate. While this week may not feature high-impact economic data, macroeconomic risks and global uncertainty remain the primary drivers of price action. 📊 Technical Outlook Price is currently approaching a strong resistance zone between 3377–3380, which aligns with a Buy Side Liquidity region. 💡 Sellers may step in here to push the price lower, aiming to fill FVG zones (Fair Value Gaps) left behind during the previous bullish rally. ⚠️ Entering SELL positions at this level is risky — only act upon confirmed reversal signals (candlestick rejection or volume-based confirmation). 🎯 Trade Setup 🟢 BUY ZONE: 3331 – 3329 Stop Loss: 3325 Take Profits: 3335 → 3340 → 3344 → 3348 → 3352 → 3358 → 3364 → 3370 🔴 SELL ZONE (confirmation required): 3377 – 3379 Stop Loss: 3383 Take Profits: 3372 → 3368 → 3364 → 3360 → 3350 📌 Key Notes The 3347 zone acts as short-term support for bulls. If this level breaks, a move toward lower FVG liquidity zones becomes more likely. Keep an eye on EU session volume for clearer short-term direction and better trade timing. ✅ Final Thoughts Discipline is key. Stick to your TP/SL strategy to manage risk effectively during early-week volatility. 🛡️ Wishing everyone a successful start to the week. Stay patient, stay focused. GOD BLESS ALL!
OANDA:XAUUSDLong
by MMFlowTrading
3
Gold 1H - Retest of channel & support zone at 3340After breaking out of the falling channel, gold is currently retesting its upper boundary — now acting as support. The 3340 zone is particularly important as it aligns with the 0.618 Fibonacci level and high volume node on the visible range volume profile. The price action suggests a potential bullish rejection from this area. With both the 50 and 200 EMA below price on the 1H, the short-term trend remains bullish. The 4H trendline further supports this setup. RSI is cooling off near the neutral zone, leaving room for another leg higher toward the 3377 resistance zone. If 3340 fails, 3324 (0.786 Fibo) becomes the next line of defense. Until then, the structure remains bullish following the successful breakout and retest of the channel.
TVC:GOLDLong
by TotoshkaTrades
XAUUSD 16/07 – Temporary Rebound or Trap Before the Next Drop?XAUUSD 16/07 – Temporary Rebound or Trap Before the Next Drop? 🌍 Macro View – Calm Before the Volatility? Gold is currently hovering around $3,334/oz after an aggressive sell-off earlier this week. While June's Core CPI data from the US came in lower than expected — easing immediate inflation concerns — the broader macro landscape remains far from stable: New US tariffs are beginning to ripple through consumer prices. Sectors like appliances and electronics are seeing early signs of inflation. Shrinking inventories may lead to direct price pressures on consumers soon. 🔎 As the market digests these signals, gold remains a defensive play — but today's PPI release could flip sentiment quickly. 📉 Technical Outlook – Setup for a Deeper Pullback? After CPI, gold retraced sharply and filled liquidity around 332x. A clear Fair Value Gap (FVG) formed on the H1 chart, alongside a potential Continuation Pattern (CP) near 3347–3349. Price action is likely to revisit the 334x–336x resistance zone, providing ideal short setups if rejection is confirmed. 🎯 Below lies a deep liquidity zone (FVG) near 3294, which could serve as the magnet for the next bearish move. 📊 Key Trade Zones to Watch 🔵 Buy Zone – Deep Liquidity Support: 3,296 – 3,294 SL: 3,290 TP: 3,300 → 3,304 → 3,308 → 3,312 → 3,316 → 3,320 → 3,330 🔴 Sell Scalp – CP Pattern Rejection: 3,347 – 3,349 SL: 3,353 TP: 3,343 → 3,340 → 3,336 → 3,330 → 3,325 → 3,320 → 3,310 → 3,300 🚨 Sell Zone – VPOC Level Resistance: 3,358 – 3,360 SL: 3,364 TP: 3,354 → 3,350 → 3,346 → 3,340 → 3,330 → 3,320 → 3,300 ⚠️ What to Expect Today All eyes are on the US PPI data, which could shake markets later in the session. Look for a bullish fake-out during London or New York hours, especially toward 334x–336x zones. Ideal strategy: wait for H1 candle confirmation before entering, and manage risk with clean TP/SL levels. 💬 Your Take? Will gold revisit 329x this week, or are we setting up for a bullish reversal? 👇 Drop your thoughts in the comments and follow @MMFlowTrading for high-probability setups and macro insights — daily!
OANDA:XAUUSDShort
by MMFlowTrading
THE KOG REPORT - FOMCTHE KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. While gold is relatively new to this range we have to entail some caution if we’re even going to consider trading this FOMC. Markets are a little fragile, we’re at ATH’s and the moves are extremely aggressive. So, we’ll highlight the red box levels and the potential move we’ll be looking for, sticking to the extreme and key levels, ignoring the intermediate levels. Looking at the chart we have a support region below 3010-15 which if spiked into and held can push this back up this time to break above 3030 and attempt to attack that 3050 region. That in our opinion would be the first point to start looking for price to exhaust, but it will only give us the flip so longer scalps are likely to be all we’ll get. If we break above the 3055 region we’re likely to go higher giving us a red box resistance level of 3065-75. It’s this level we would ideally like to target from a lot lower down if we can get that entry. For that reason, we have given the level below on the break of 3010 sitting around 2990-80, we’ll have to wait and see, but if we can get down there a nice swing could present itself. RED BOX INDICATOR: Break above 3030 for 3050, 3055, 3063 and 3070 in extension of the move Break below 3020 for 3912, 3006, 2996 and 2990 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
13
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we wanted to see price dip into the lower support and give us the opportunity to long into the higher levels targeting the red box targets and the bias levels given. We manged to get this trade and started the week well! We then suggested traders play caution as the set up just wasn’t presenting itself for the short, instead, we updated our plans and published the long idea again which played out well giving us a decent end to the week. The ranging gave us conflicting signals and choppy price action towards the end of the week, so not 100% to plan, but we played it and adapted. We managed another stellar performance on Excalibur, 6 targets on Gold and another trunk full on the other pairs we trade and analyse in Camelot. Difficult, but consistent nevertheless. So, what can we expect in the week ahead? Ideally we would like to wait for the market to open and break out of the range before picking the direction. We have lower support at 2930 and the extension level 2918-14 which needs to be watched for the break in the early part of the week, while the key level above 2950-55 with extension into the 2960 region should act as a barrier which will need to break. We’ll start by saying if the price does support that 2930-25 level on the open, then the opportunity to long into the 2943 and above that 2950 levels should be available to those looking to go long. We have marked a RIP point 2960-65 but that will only give us the flip so scalps into the lower support region are potentially all we will get. Above that we have marked our area of interest, this is ideally where we want to be monitoring the price action and looking for signs of a potential reversal, which, if given should give us a nice swing short into the lower levels which will be published on morning reviews and KOG’s bias of the day. On the flip, If we glitch and make a move downside on the open, look out for the levels of 2920-16 and below that 2910! These region need to hold us up to go higher in order to clear the liquidity from above before another attempt at lower. It’s the last week of the month, it’s going to be choppy and ranges will form. Indications of lower pricing are on the horizon, the set up just isn’t clear at the moment so play it level to level, keep an eye on the red boxes, look back at the KOG reports and see for yourself how well they play with price. Take it easy, “if it’s exciting, you’re doing it wrong”. We’ll update as through the week as we usually do with the red box targets, KOG’s bias of the day and the indicator levels. KOG’s bias of the week: Bullish above 2920 with targets above 2945, 2949. 2952 2955 and above that 2970 Bearish below 2920 with targets below 2916, 2910, 2906, and below that 2898 RED BOX TARGETS: Break above 2943 for 2947, 2950, 2955, 2962, 2966 and 2977 in extension of the move Break below 2930 for 2923, 2920, 2910, 2906 and 2899 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
16
THE KOG REPORT THE KOG REPORT In last week’s KOG Report, we said we would only be looking for one move and that was to short the market into the levels illustrated on the chart. We had the initial opportunity from the intra-day resistance level giving the move breaking through the order region temporarily giving us the bounce to long back up into resistance where we said we wanted to monitor price to establish another short opportunity. Both these worked well although not as straight forward as we had hoped. During the week, we gave the FOMC Report highlighting the levels to long up into the resistance level and then short the market from higher up, this move however, was a point to point, level to level move continuing the fantastic week we had on Gold, completing over 8 targets activated. Well done to the team again, not only on Gold but the numerous other pairs we trade giving us over 800pips combined captures. So, What can we expect in the week ahead? After NFP and FOMC last week, this week we have a bank holiday in the UK which may give us some thin volume to start the week. NFP caused a lot of confusion amongst traders and only managed to whipsaw them back into where the price started. Support now stands at the 2295-7 region, which in our opinion, If held in the early session could give us a push upside towards the order region above, targeting the resistance levels of 2310 initially and above that 2320. Now, what we want to see here is if market can hold this order region again and give us the opportunity to get that short again. If we get the short from above we’ll be looking for the lower levels to be targeted and hopefully we can complete the move. There are a couple of curveballs here this week, 1) this could open and continue the move downside, if so, we’ll look for the retracements to get in and we’ll target our Excalibur targets upon activation. 2) staying below that 2330-40 order region is important for us to carry out this plan and continue with the move downside. In our opinion, the decent long trades will come from lower down for the ideal swing. That’s all for this week’s report, simple plan again, not going to over complicate it with numerous what’s and if’s. As usual, we’ll update traders through the week with the daily report, KOG’s bias of the day and the daily levels. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
12
THE KOG REPORT - The week ahead for GOLDTHE 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 short. We had planned the levels to go long in the KOG Report, and during the week we said we would stick with our plans to long the market from the level shown on the chart, which again gave us a tremendous pip capture into the resistance level. A fantastic week on Gold, with Excalibur playing it’s part as well KOG’s levels and bias for the day and week completing. Not only on Gold, but the numerous other pairs we analyse, share and trade. So, what can we expect in the week ahead? This week is an important week on the markets with lots of news the later part of the week, mainly the big one on Wednesday being FOMC. We could see an aggressive start to the week with price again wanting for establish a baseline pre-event, so we’ll be looking for spikes in either direction until we settle. To start the week we have a support level below 2145-7 which if attacked and supported could give an opportunity to long the market back up towards the levels of 2165-7 which ideally what we want to see. Now, this price point is important, as an extension of the move can lead into the 2170-75 region, but we must stay below this level if bears want to again attack the lower levels again. So, for that reason, it’s this level that we will potentially want to see a short opportunity develop back down into the 2150 level and below that 2145. We'll access price action if we get to these levels. For this week we’re giving the range of 2210 resistance and 2135 support, which is huge and price definitely has potential to play it. There is an order region 2172-2152 which is where we could see accumulation pre-event, so please be mindful of this and try not to get caught trading mid-range. Please note, price breaking above that 2175 level and holding will result in that 2210 region being attempted and price breaking below 2145 will see us getting a deeper pullback into the 2110-15 region before another RIP in the making! KOG’s bias for the week: Bearish below 2175 with targets below 2150 and below that 2145 Bullish on break of 2175 with targets above 2195 and above that 2210 The market will always give you opportunities, either to get in, get out, or to manage your trades, so please make sure your money and risk management is up to scratch if you’re trading these markets. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10
THE KOG REPORT - FOMC The KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Today’s FOMC may bring a curveball with it, so we’re going to use the extreme levels as usual, but, we’re going to say please play caution on the markets. The trade always comes after the event, patience will pay on this one! We have the support level below 2150-55 as mentioned through the week, with resistance above 2175 which are both either side of range play at the moment. Our bias is still active, but, due to the volatility that may present itself, we’ll stick with the higher levels as potentials regions for a RIP. So, if price does carry up towards the 2175-85 region and we can see a clean set up, an opportunity to short the market back down initially into the 2155 levels and then on the break, below that 2148 and further down could be available. Please note, that breaking above will invalidate this and we are likely to see higher pricing through the rest of the week. There was a level of 2210 in extension of the move, which is extreme volume enters is a possibility, so if you’re going to risk it, your risk model better be up to scratch! On the flip. Rejection around this 2165 region, we can see price attempt the support 2145 and upon the break we will be looking for this to go lower, initially into the 2135 region and then below that potentially 2120! If we get that move to the downside, we will be looking to carry any open trades down into the given regions if we get a clean set up, and only long for the scalps and quick captures from the given levels. In all honesty, right now thoughts are we would rather let this play out and let the take the price to where they want. We’ll still with the plan for now on the KOG Report which has worked well, but any trades should be protected and a majority taken. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
2
XAUUSD - KOG REPORT!24/04/22 In last weeks KOG Report we said that we would be looking for the 1985 and 1995 level to be targeted if the price pushed up, and that if we did get to completion of those targets, faced resistance, we would be looking to short Gold into the lower levels of 1960, 1940, 1930 and our lower target of 1895. As you can see we achieved a point to point move on Gold, straight into our higher target and then the decline began for the remainder of the week. We have achieved 1960 and 1940 with 1920 and 1895 still outstanding. Another great week for us here at KOG not only on Gold but managing to hit 21 targets on Silver, BTC, US30, NAS100 and GJ, to name a few! So, what can we expect in the week ahead? As we said last week, we weren’t convinced by the bullish move on Gold so we’re still going to be targeting the lower level on this. Having said that, we are expecting some form of retracement on the price. Where to? Let’s dive in and have a look! We have some immediate levels in mind for when the market opens, these levels are where we want to see a reaction in price which may tell us if we’re going to see the retracement first, or if they’re just going to push it down further in the opening sessions of the new week! We have highlighted these levels on the chart for you, please look at these regions as price points where you may see the price reject and begin some form of retracement. 1927, 1917, 1910, 1897. So, we will be as always, look at this with two scenarios in mind. Scenario 1: The market opens, we get a swoop to the downside from the get go, we will be looking for 1927 and below that 1917 which will surpass our 1920 target. Based on support at these levels we feel an opportunity to go long on the price may exist to target the immediate levels of 1940, 1950 and above that 1963. As long as the 1895 target is not hit and the price stays below the 1960-65 level we will be looking to short again into that 1895 level. As we suggested, the price needs to remain below the 1960-65 level for us to achieve this target, breaking above this level and we will adjust our plans to target higher up. We will update on this during the course of the week. Scenario 2: The market opens, we get a small move to the downside targeting 1925-27, if price finds support here, we see potential to test the long into the immediate resistance levels of 1940, 1950 and above that 1960. Again, we will be looking higher for resistance to go short again down into the KOG target level. As above, price needs to remain below the 1960-65 level. So, for this week we have the key level of 1890-95 support and the key level of 1960-65 resistance. The range in between is where we closed on Friday, right in the middle! Please keep in mind this is the last trading week of the month, so expect there to be some profit taking and position covering towards the end of the week. Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. Please do support us by hitting the like button, leaving a comment and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
42
GOLD SHORTDaily Gold Analysis Since the beginning of August, we have been in a short-term downtrend represented by the white channel. The price is close to its support at 1815 and could break it again to hit 1770 (take profit 1) however the 1770 represents a huge support area where the price could rebound. If this is not the case the price could suddenly reach 1735 (take profit 2) and 1661 (take profit 3) which represents the 1.618 of Fibonacci retracements. Good trade everyone.
TVC:GOLDShort
by BlackInvestElite