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There are good opportunities for both long and short positionsGold Midday Analysis A few hours ago, I suggested opening a long position near 3638. The price rebounded to above 3650. While the profit wasn't significant, the support level I identified was very accurate. The price retraced twice to around 3637, confirming support before continuing its rebound. Gold continues to trade below 3660, which is the resistance level and the point I recommended for opening a short position yesterday. Currently, gold is oscillating and correcting at a high level, so both long and short positions offer opportunities. While the range and profit margins are limited, trading within this range is easier. Simply monitor the support and resistance levels and trade accordingly—it's simple and easy. Gold Strategy In the short term, gold remains in a relatively strong technical formation on the daily chart, with no material changes. Resistance is around 3660, while support is around 3620. A short-term breakout of either level would trigger a broader and more accelerated market. Given the strength of the market, I believe it's safer to open a long position based on a pullback to support. There are opportunities to open short positions currently, and consider opening a short position in the 3650-3660 area. Short-term trading requires quick entry and exit, otherwise profits will be lost due to market fluctuations. Thank you for viewing my strategy. If your current trading is not satisfactory, I hope my ideas can help you avoid investment pitfalls. We welcome your discussion!
TVC:GOLDLong
by Violet_Trading_Strategy
A pullback is an opportunity, go long decisively!Yesterday, the technical analysis of gold first declined and then rose. It was suppressed below the 3650 mark during the Asian and European sessions and showed a continuous decline. It further accelerated its decline before the European and US sessions, breaking through the 3630 mark, and continued to decline to around 3613 to stabilize and rebound. It rebounded strongly during the US session and finally closed above the 3630 mark with a small negative fluctuation. The overall price still held the 3610 mark, forming a support and stabilization pattern. After the opening of today, gold once again rose and broke through the 3640 mark. In the short term, it has experienced continuous retracements to test the 3610 mark support, which is still valid. The long position at the daily level is continuing well, and it is expected to further impact the previous high of 3675 resistance area. Today, the short-term support below is around 3630-3620, and the important support is 3610. If it falls back to this position during the day, the main bullish trend will remain unchanged. The short-term bullish strong dividing line is 3600. If the daily level stabilizes above this position, the rhythm of falling back to low and long and following the trend will continue. The specific execution plan of the counter-trend short order will be updated as soon as possible according to the real-time trend, and I will remind everyone to respond flexibly to ensure that every step of the operation is carried out under controllable risks. Remember to pay attention in time. Gold operation strategy: Go long when gold falls back to around 3630-3620, with the target at 3650-3660. Continue to hold if it breaks through.
OANDA:XAUUSDLong
by GoldenTrack_Daniel
Gold trend analysis continues to rise after consolidationGold trend: Today, gold focuses on the impact of CPI data, which may impact the temporary technical view. Today, the Asian and European sessions maintain a low-long bullish trend, with support at 3620-3610 and short-term focus on 3645-3655. The US data has little impact, so it depends on the range. If the data has a large impact, focus on 3600 below and 3680-3690 above. Gold has risen unilaterally in two transactions and fluctuated for one trading day this week. The current high of gold is 3675, and the decline is only around 3620. Therefore, it is obvious that gold is rising slowly under the bullish trend, and even if it fluctuates, it will not fall much. Then, to determine the direction, we must look at the upward space under the direction. We still don’t guess the top, but under the influence of data, we still have to discuss whether there will be a change in direction or a shift in strength in the near future. From a technical point of view, the daily line is still above the support of the 5-day moving average. If the 5-day moving average is not broken, there is no possibility of weakening. Although the 4-hour Bollinger Bands have closed, the middle track has not broken, and it is difficult to have a major adjustment. Therefore, the current market is still in a strong position. It is not clear whether gold has peaked or has a larger adjustment space. Therefore, if you want to trade, you still have to go long on the decline. So, today's market can be viewed in two steps. The European session is expected to fluctuate upward. Operate at key points and go long in the 3620-3610 support area below. Look at the 3645-3655 area above. If the US data has a greater impact, pay attention to the gains and losses of the 3600 key point below. It is still a good time to go long if it does not break.
OANDA:XAUUSDLong
by GoldenTrack_Daniel
The decline is just an adjustment, gold still has new highsAccording to the strategy, we first arranged long orders near 3620, and the market rose smoothly to around 3650; then it fluctuated and consolidated, and according to the strength of the decline, we were prompted to go long again near 3640, and finally made a profit again near 3655, achieving two consecutive wins with open long orders, and reaping considerable profits overall. Congratulations to friends who have been paying attention. Many traders who blindly followed the trend and shorted in the market today are wailing, but we have always insisted on remaining unchanged in the face of change. After confirming the strong rhythm, we have made decisive and continuous attacks, steadily reaping profits, and the winning streak is still continuing. Gold is fluctuating upward above the 3640 level. It is currently fluctuating around the 3650 level. The market's expectations for interest rate cuts have not cooled down. The market may continue to fluctuate at a high level in the later period. Although gold rebounded on Wednesday, it did not reach a new high. The main structure is still operating within the expected range. However, after the market has stood above 3650, it brings uncertainty to the trend. Therefore, gold is still treated with the idea of going long on pullbacks. Going long on pullbacks is still the general trend. In terms of operation, I believe that we will continue to go long as the pullback does not break. From the 4-hour cycle, the bullish structure of gold remains stable. The short-term support below is around 3635-3625. The bullish strong dividing line has moved up to 3615. If this position is not broken, the pullback will rely on this area and continue to be bullish. At the daily level, as long as it stabilizes above 3615, the overall main tone of pulling back to low and long and following the trend will remain unchanged. In terms of operation, we should be patient and wait for the support to be confirmed. Low and long is still the general direction. As for the specific operation strategy of the counter-trend short position, I will remind you again at the key position, and everyone can pay attention to it in time. Gold operation strategy: Go long when gold falls back to around 3640-3630, with the target at 3655-3660. Continue to hold if it breaks through.
OANDA:XAUUSDLong
by GoldenTrack_Daniel
How to correctly grasp the gold trading opportunities?Yesterday, the technical side of gold rose first and then fell. The overall gold price continued to rise strongly in the Asian and European sessions, and finally fell back in the U.S. session and fell into repeated fluctuations, and finally closed near 3628. The daily K-line closed at a high and then fell back and fluctuated in the middle. Yesterday, I kept notifying everyone that the technical side needed to retrace and not to be overly bullish on gold. Now everything is perfectly in line with expectations. Friends who follow me can see it. Today we continue to treat it with the idea of ​​going long on retracements. After all, I believe that the trend has not reversed, and going long on retracements is still the general trend. Today, we will first focus on the short-term support at 3620-3610 below, and continue to go long if it retraces and does not break. If you encounter troubles in your current gold operations and want to make your investment journey more stable and avoid detours, please feel free to communicate with us at any time! From the 4-hour level, today's short-term support for gold will focus on the 3620-3610 area, and the 3600 mark is the core dividing line between the strength of the bulls. If it retraces and stabilizes above this position during the day, the overall bullish thinking will remain unchanged. The main tone is still to go long on the retracement. At the daily level, as long as gold stabilizes above 3600, the low-long thinking will be sustainable. As for the counter-trend short positions, specific reminders will be given according to the pressure on the market at high levels. Brothers just need to pay attention to the bottom in time. Gold operation strategy: Go long on gold when it retraces to around 3620-3610, target 3650-3660, and continue to hold if it breaks through.
OANDA:XAUUSDLong
by GoldenTrack_Daniel
1
Gold analysis: Short-term pullback is for better riseGold surged to 3675 before quickly falling, reaching a low of 3625. A $50 pullback isn't significant, as the overall bullish trend remains unchanged on the hourly chart. However, this rapid pullback has weakened the strong bullish momentum, indicating a high probability of continued high-level fluctuations. A rapid pullback following a rapid short-term surge is normal. Gold hasn't reached its peak, but this extreme, one-sided rally is expected to be coming to an end. Therefore, short-term upside potential is limited, and the current one-sided rally from 3310 is nearing its end! If you open a long position today, avoid blindly chasing the trend and patiently wait for a suitable pullback. If gold continues to form a minor bottom above 3610 or the current 3620 area, you can still open a long position, but only for a short-term, quick entry and exit strategy. In terms of both the cycle and the scope, gold is expected to experience a significant downward correction in the second half of this week. The precise timing of this decline will depend on the market structure and its timing. In short, the current one-sided rally is nearing its end, and will subsequently peak and decline. If the Fed's rate cut next week further boosts the market, gold will experience a second wave of gains, potentially even larger than this one. This is the general trend of gold's recent performance, so just keep it in mind! The period from now to next week is a critical short-term window for gold. I will closely track and analyze the market every day. If you lose your direction in such a market, you can follow me or leave me a message. Gold Strategy For today's short-term outlook, if the price stabilizes around 3620, you can still open a short-term long position with a stop-loss at 3600. If it falls below 3600, then a breakout would signal a short-term market correction.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold analysis: Gold bull market continues to be crazyGold Analysis Gold prices continue to rise, setting new all-time highs. Since breaking through 3,600 points, they have surged relentlessly, seemingly without resistance. Market trading enthusiasm is high, and the rally is so strong and fierce that gold prices will continue to break through 3,700 points. The break above $3,600 marks the beginning of an upward trend. Every short-term pullback is viewed as a buying opportunity, and optimism is driving a continuous influx of funds. Furthermore, investors have shifted their focus: from short-term safe-haven assets to long-term "strategic asset allocations," hedging against uncertainties such as currency devaluation and economic fluctuations. In short, the gold price breaking through $3,600 is the result of a combination of factors, including expectations of interest rate cuts, a weakening US dollar, and increased central bank holdings. This "gold bull market" is not over yet, and investors should seize short-term pullback opportunities. If the pullback is minor, adopt a small, phased buying strategy, using a right-side trading strategy to counter the current extreme trend. This way, investors won't miss out on the market and can reap significant profits. Trading Strategy Gold's 1-hour moving average is still forming a golden cross and diverging upwards. Gold bulls remain strong, so if gold falls back, continue to go long. If gold holds today's low of 3628, continue to buy on dips. Consider opening a long position at 3638, with a stop loss at 3625 and a target of 3670-3680.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold strategy: follow the bull market and keep going longGold bulls are currently unstoppable. In the short term, every pullback presents an opportunity to open a long position. Since gold is in a bull market, the strategy must be to follow the bullish trend and go long. Gold's 1-hour moving average continues to form a golden cross and diverge upward, with support moving up to around 3560. 3560 is also a short-term turning point for gold bulls and bears. This level is crucial and will be the primary location for establishing long positions tonight. Gold is currently in a typical bullish trend, having broken through to new highs after periods of volatility driven by the non-farm payroll data. As long as gold avoids a single-day plunge and remains stable above 3560, the chances of a breakout above 3600 are very high. Given this unilateral strength, the gold bull market should be maintained to the end. Strategy If gold retreats to the support levels of 3575 and 3560, continue to open long positions. Targets are 3600 and 3620.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold Rockets Toward 3600 on NFP—How Can Shorts Escape？After the NFP market unexpectedly broke out, gold is currently testing the 3600 mark, and the bullish momentum is strong. However, when gold is facing the pressure of the 3600 psychological level, it is showing signs of stagflation at a high level. So I still think that before gold completely stands above the 3600 mark, it is still necessary for gold to retreat first. Because the gold market rose sharply under the influence of the NFP market, many investors were unable to intervene in the market in time, and even some investors who had already bought gold at high prices were not determined. Therefore, once gold experiences stagflation at a high level, some unsteady chips may first consider taking profits, thereby triggering panic selling; on the other hand, the gold market has risen sharply, and off-market wait-and-see funds dare not enter the market easily. Due to the lack of liquidity, gold may lead to weak continuity, so there is also a need for a pullback to increase liquidity! I still hold a short position in gold, with an average entry price of around 3582. Although there is a certain floating loss at present, the risk is still controllable and within expectations, so there is no need to be too nervous for the time being. I still expect gold to retreat to the 3570-3560 area before the market closes today.
OANDA:XAUUSDShort
by PriceSniper_Steffen
Gold analysis: Be brave to open a positionThe highly anticipated non-farm payroll data has been released. The employment figures significantly fell short of market expectations, further reinforcing expectations of a Federal Reserve rate cut and leading to market bets on a series of rate cuts. Spot gold prices surged in response to the data, reaching a new all-time high of 3,586. The market is strengthening further, and the current trend is extremely strong. In this market, there's no need for overthinking. Strategically, you should simply follow the trend and open long positions based on previous support levels. As long as you avoid blindly opening short positions against the trend, there's no problem. Many people, seeing such a large rally, bet on a pullback. This is completely unnecessary, as a strong market won't allow much room for a pullback. It will likely fluctuate sideways and not necessarily experience a decline. It's more likely to take a breath, then continue to rise, and then continue to rise again. Therefore, as long as you follow the trend, opening long positions is fine. Gold Strategy If you're unsure about pullbacks, follow my instructions. First, divide your position into multiple smaller positions and open buy orders multiple times. Buy near each support level. This way, you can avoid a significant portion of the risk and avoid missing out on market trends. Support points: 3576, 3560, 3554, 3545
TVC:GOLDLong
by Violet_Trading_Strategy
Gold Analysis and StrategyGold has pulled back to around 3511 and then rebounded, continuing its rebound. As I previously suggested, this pullback is merely a normal digestion after a significant surge. Once support is confirmed, the price will resume its upward trend. Long positions opened around 3540 have also been profitable. This aligns with the strategic principle that every pullback presents an opportunity to open long positions. Currently, gold is fluctuating between 3535 and 3558, with minimal fluctuations. It seems we need to await tomorrow night's non-farm payroll data for guidance. Before Friday's release, I believe it's likely to continue fluctuating within a small range. Therefore, with limited room for movement, positions can be closed with a profit. Strategic Approach Gold's short-term trend is characterized by strong, high-level fluctuations. If the price pulls back to support levels of 3535, 3525, and 3510 tonight, long positions can still be opened. I personally maintain a bullish outlook on any further pullbacks. Upward targets are 3565 and 3580.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold Analysis：Seize every pullback buying opportunityOn the daily chart, gold continues to maintain a relatively stable upward trend along its short-term moving average. Within a few hours, it retreated to around 3511 before rebounding to around 3558, completing a correction. The current trend shows no signs of a peak, and bullish momentum remains to reach new all-time highs. Technical Analysis On the hourly chart, after continuous fluctuations, the technical pattern has begun to recover. The short-term moving average has gradually diverged upward, and the K-line chart has begun to maintain a slight upward trend along the short-term moving average, suggesting potential for a sustained rebound in the short term. On the 4-hour chart, the price is currently in a period of consolidation and correction at a high level. Keep an eye on resistance around 3565 in the short term. Trading Recommendation: Invest in small positions at 3539, 3324, and 3510, opening multiple long positions. Target prices are 3560/3580, with a breakout to target new highs.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold analysis: Prices will only get higherGold prices have reached a new high today. My recent bullish outlook on gold remains unchanged, driven by the three factors I've repeatedly emphasized: growing expectations for interest rate cuts, occasional trade tariff disruptions, and geopolitical tensions between Russia and Ukraine. These three factors have been fueling the market's upward trend. Whenever gold prices struggle, news emerges to pull them out of their rut and propel them to new heights. The current trend is unstoppable, so there's no need to open short positions against the trend in the short term. A pullback isn't inevitable; it's possible that a slight sideways correction will occur before continuing to rise. Avoid entering positions against the trend when sentiment is high. Last week, I consistently signaled a bullish outlook for gold and provided a very straightforward trading strategy: open long positions freely below 3400 points, maintaining a firm daily bullish outlook. If you haven't noticed my posts, you can review my recent posts. Strategic Thinking: If you don't have any existing positions, don't rush to open a position. Wait for a suitable pullback before entering the market. If there isn't a pullback, don't open a position. This week is the first of the month, and economic data that will impact gold prices will be released intensively. This week's volatility is expected to be greater than last week's, and the risk factor is also relatively high. Failure to manage the market's timing can lead to losses. Therefore, caution is advised this week. If the market pulls back to around 3490, consider opening a long position, targeting above 3500. If it breaks through, hold and raise the target.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold Strategy Analysis: Price Breakout UnstoppableGold prices have been clearly bullish recently. Since Powell's speech sparked expectations of a rate cut, gold prices have found an opportunity to break out, triggering a powerful daily rebound with consecutive gains. The continued upward trend has been remarkably consistent, demonstrating unstoppable momentum. Currently, three key factors—expectations of rate cuts, tariff disruptions, and the geopolitical situation between Russia and Ukraine—have been supporting gold prices. Whenever gold prices fall into consolidation, news always emerges to pull them out of trouble. Summary: Currently, bulls are still in the driving force. If gold prices fall back, it's still advisable to open long positions. Gold Strategy Gold's 1-hour moving average continues to form a golden cross and diverge in a bullish pattern. The 1-hour moving average remains in a standard bullish trend. Continue to open long positions in the event of a decline. Opening points: 3437/3423.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold strategy: open long positions during pullbacks.Gold prices rose after the release of the PCE data, and market expectations of rate cuts continue to rise, providing momentum for gold's gains. As I mentioned earlier, in addition to growing expectations of rate cuts, tariffs and the geopolitical situation between Russia and Ukraine are all factors fueling gold's continued rise, which are the main reasons for gold's bull market. Gold is currently in a clear bullish trend, with overall prices rising continuously and currently holding above 3,400 points. Every pullback is a process of building momentum, and it's a good strategy to take advantage of the trend by opening long positions. A few hours ago, I recommended opening a long position near 3,303. The price has now reached above 3,410, and if there is a pullback later in the evening, you can continue to open a long position for a bullish outlook. As long as the price is below 3,307, you can consider opening a long position. The target is the previous resistance level near 3,423; if it breaks through, hold on.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold strategy analysis: bullish attitude remains unchangedGold: Continue to be bullish, waiting for further gains! Since the beginning of this year, I've maintained a bullish stance on gold, consistently opening long positions. The lows have continued to rise, the price has continued to rise, and profits have continued to accumulate. Why am I so firmly bullish on gold? First and foremost, the fundamentals are favorable for a bullish market. In the gold news, major news continues to drive gold prices higher, whether it's the increasing expectations of a Federal Reserve rate cut, the constant turmoil surrounding tariffs, or the risk-off stimulus caused by the escalating geopolitical crisis caused by the Russia-Ukraine conflict. These are all solid drivers of gold's rise. Even when the market is struggling, there's always news to stimulate buying, leading to a breakout and upward movement. The technical picture is even more clear: the daily chart shows an upward trend, and the short-term trend is also within an upward channel, with all indicators showing positive upward movement. Therefore, I maintain my bullish strategy in the short term. As I stated earlier, as long as the price falls below 3400 points, I can open long positions regardless of the consequences. Gold Strategy: Gold has risen to around 3423 before a correction began. We recommend opening a long position when the price retraces to around 3403. If it falls below 3400, we would increase our long position at 3395.
TVC:GOLDLong
by Violet_Trading_Strategy
1
Gold Strategy Analysis: 3400 Points Finally ArrivedGold prices have generally been fluctuating upward this week, with minimal daily fluctuations. Fortunately, the upward trend has been relatively consistent, with prices gradually moving higher and reaching new highs in a stair-step upward trend. The current gold price has finally reached the expected 3,400 point level. I've been reminding everyone to be patient, as 3,400 points is inevitable. This is because both the recent news reports of strengthened expectations for interest rate cuts and the technical bullish trend of a steady upward trend within an upward channel clearly indicate a clear upward trend. So, when trading, we should keep in mind: when traveling a long distance, you can't expect to reach your destination in one go; you have to take steady steps. The same goes for trends: even if you're waiting for a certain outcome, you can't expect it to happen in a single day. Eat your food one bite at a time, and do things one step at a time. I'm telling you, don't be impatient. Having reached the 3,400 point level, we need to consider its stability. Only through repeated pullbacks and rebounds can this level be consolidated and further upward momentum can be achieved. In the short term, gold is clearly bullish. The strategies and thinking I'm suggesting are all centered around opening long positions during pullbacks. Keep your operations aligned with the trend and follow the market, and profits will naturally flow in. Gold Strategy Currently, resistance for gold lies at 3409 and 3415. If you don't already have a position, don't rush to open a position. Wait for the evening stock market opening to see if gold prices will break through these two resistance levels. If they can break below 3390, you can open long positions in the 3385-3375 area. Avoid shorting against the trend; wait for a pullback rather than rushing to open a short position.
TVC:GOLDLong
by Violet_Trading_Strategy
1
Gold analysis: 3400 is just one step awayGold bulls remain strong and unwavering. Although briefly pressured by the 3400 level and experiencing a short-term pullback, as long as the pullback is minor, gold is still in the accumulation phase and is poised for further gains. Gold's 1-hour moving average continues to form a golden cross and diverge in a bullish pattern, indicating continued upward momentum. Yesterday, after several pullbacks to the 3373 level, gold began to stabilize and rise. Short-term long positions continue on dips above 3373. Although gold's pace has been slow over the past two days, it is still moving upward. The market is now waiting for the accumulation phase. If this momentum is complete, gold will surge again. Gold's volatile upward trend remains bullish. Every pullback presents an opportunity to open long positions. The key today is for gold to hold 3373. If it holds, bulls will dominate. Can gold bulls rise and directly break through 3400? We will have to wait and see. Gold Strategy: Open a long position if the price pulls back to the 3375-3380 area, with the first target at 3400. Hold if it breaks through.
TVC:GOLDLong
by Violet_Trading_Strategy
Gold Strategy SharingGold prices are expected to fluctuate in the short term. Currently, driven by growing expectations of an interest rate hike, gold prices have been significantly stronger in recent days. One-hour analysis shows that support is expected to be near 3370-3375 tonight. Rebounds within this area should maintain a bullish trend. The short-term bullish trend line is near 3360. If the daily chart stabilizes above this level, the trend of buying on dips will remain unchanged, focusing on trend-following. Even if you open a short position, the recommended target is between 3390 and 3410. I will update my trading strategy promptly; please follow my posts. Gold Trading Strategy: Open long positions near support levels of 3370-3375, and add to your long position if it retraces to 3360-3365. Set a stop-loss at 3348 and target 3400-3405. Hold if it breaks above this level.
TVC:GOLDLong
by Violet_Trading_Strategy
THE KOG REPORT - Jackson Hole Pt 2Jackson Hole 2025: Here’s what to expect from the 2025 Jackson Hole Economic Policy Symposium, held August 21–23 in Jackson Hole, Wyoming: Event Overview & Theme • The 48th annual symposium is hosted by the Federal Reserve Bank of Kansas City from August 21 to 23, 2025. • The theme is “Labour Markets in Transition: Demographics, Productivity, and Macroeconomic Policy.” It focuses on structural changes like aging populations, fertility declines, declining labour mobility, and the evolving role of AI in labour markets. • The full agenda will be released on Thursday evening, August 21, with Federal Reserve Chair Jerome Powell’s speech scheduled for Friday morning (U.S. time): 10 a.m. EDT / 8 a.m. MDT. Key Participants & Format • A select group of around 120 invitees will attend, including central bankers, policymakers, academics, and journalists. • Formats include research paper presentations, panels, Q&As, and the keynote address. All presentations and transcripts will be published online during and after the event What to Watch For 1. Powell’s Speech & Policy Signals Powell’s keynote—titled "Economic Outlook and Framework Review"—is expected to outline possible interest-rate decisions, update the Federal Reserve’s policy framework, and respond to critiques that its 2020 approach delayed necessary responses to inflation. This is likely one of his most consequential speeches, delivered amid mounting political pressure, internal Fed disagreements, and a contested labour market environment. 2. Global Central Bankers & International Engagement Notable international participants include ECB President Christine Lagarde and likely the Bank of England’s Andrew Bailey, expected to join panels on Saturday. Their contributions will underscore the symposium’s global reach and offer comparative perspectives on monetary policy challenges. 3. Market Expectations & Reactions Markets anticipate a 25 basis-point rate cut in September, with several sources placing the probability at ~85%. Simultaneously, investor caution is elevated due to geopolitical tensions—especially around Trump’s influence, Ukraine talks, and tech policy developments. 4. Broader Economic Context The symposium takes place amid mixed U.S. data: weak job growth and rising producer prices raise concerns about both slowing labour markets and persistent inflation. Retail earnings (e.g. Target, Walmart, Home Depot) and recent CPI data also add to the backdrop, offering clues on consumer resilience and inflation trends. GOLD: Based on the back test of the event they tend to test the low of the range which in this scenario is around the 3280-90 region, however, if we look at the structure we do have a reversal in play here with the support level being the 3330-25 level. Above 3330 we have that extension of the move we spoke about last week 3360-65 which is still untouched. So, if we that in mind and they support that lower level in the coming session, there is a possibility they take us up into that region sitting around 3360-75 due to the volume that is expected, and if rejected they correct that move downside to again attempt to break through the 3300 level. The key level in this scenario is 3375 which needs to be broken to go higher taking us above 3400. On the flip. 3330-20 breaks forcefully, in this scenario there is possibility that for price to attempt the range low sitting around the 3280 level which needs to hold in order to go back up. Please note, an aggressive swing here can break through that level resulting in a move all the way back down into the 3230-50 levels before then exhausting. The range is huge and where we’ve seen 500-700pip movement over the years, we’re seeing over a couple of days lately, so we need to exaggerate every move and only look at the extreme levels. RED BOX TARGETS: Break above 3350 for 3360, 3365, 3374, 3390 and 3420 in extension of the move Break below 3335 for 3320, 3310, 3305, 3297, 3280 and 3265 in extension of the move What we’re trying to show you here is that its going to be a very difficult event to trade for new traders. Its going to be choppy, its going to be volatile, its going to whipsaw and its likely to move. If you’re caught the wrong side of it its going to kill your account. Best practice here is to let the market make the moves it wants to, wait for the price to settle in whatever level they want to drive it to, once this has happened then look for the setup to get in to the trade. 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 The link below will take you to the previous report on this event:
FX:XAUUSD
by KnightsofGold
26
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we would be looking for the red box defence and potential target to hold us down and then expect a move downside unless broken. This move played well and as you can see the red box defence downside was broken, ultimately leading to us completing the move we wanted into the target level completing all the targets below before then getting that bounce from the exact level giving us the long trade. It was only in the latter part of the week we experienced more choppy price action but red boxes worked well as did the path we had plotted out over the week. So, what can we expect in the week ahead? For this week we’re going to keep it short as we would like to put together further analysis and plans for the upcoming Jackson Hole symposium like we have been sharing over the last few years. So we will start with the higher level 3350-55 which is the order region and has a hotspot. We have the lower level 3320-23 which is key level support for the opening, a tap into this level with rejection can give us the move upside into that 3350-55 level which is the level that needs to hold us down. There is an extension to this move and it’s towards that 3365 level so we have to keep that in mind. If we break below the defence box, it’s very likely that we will be visiting the 3310-6 level initially while there sits a potential target level at the 3300-3295 level. We’re expecting a range here of 3380 and 3290 as potential for the first part of the week. We’ll release the Jackson hold analysis and trade ideas towards the middle of the week. For now, that’s all. KOG’s Bias of the week: Bearish below 3355 with targets below 3330, 3320, 3317, 3310, 3306 and below that 3295 Bullish on break of 3360 with targets above 3365, 3371, 3375, 3385 and above that 3392 KOGS RED BOX TARGETS: Break above 3337 for 3340, 3346, 3350, 3355 and 3363 in extension of the move Break below 3317 for 3310, 3306 and 3301 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
31
Bullish momentum weakens, and bearish opportunities emergeThe 4-hour gold chart shows a slow, volatile upward trend. While gradually climbing higher, it has failed to effectively break through key resistance areas. This suggests the market is not in a one-sided bullish trend, but rather in a state of sustained oscillation. Current price momentum is weakening, so it's not advisable to continue chasing higher prices. Today's strategy is to short on rallies, focusing on the key resistance area around 3410-3420. Opportunities are open for short positions. If prices trade within the 3400 range, this would be an ideal entry point for a short position. The main trend is to short on rebounds from higher levels, with strict risk management. Gold Recommendation: Short in batches between 3400-3415, with a target of 3385-3370.
OANDA:XAUUSDShort
by Trade-Daniel