In last weeks KOG Report we suggested we would stay bearish on the market as long as the price stayed below the 1824-7 price level but we would be trading with our 1833 KOG target in mind. We said we would be looking at another attempt on the lows and that 1812-08 region support could be an opportunity to then take the long to target the higher resistance levels....
Gold is in consolidation zone from last some trading sessions.
As you can see in the chart the range is getting narrow day by day.
We have observed lower lower low formation.
Breaking above 1835 will trigger strong buying and we can see 1880 level near future.
Quick Gold analysis today
Here are levels that we were estimated by P&F chart.
Price could re-test 1825-1826 levels. And this week, we'd like to see price re-test previous week high.
If price break 1828-1829 levels, it will test 1833-1834 levels or above that 1844-1844.
However, we think the price could approach higher levels on Wednesday or Friday
*The arrow on...
Hello traders, starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year
As I said last weeks since March 21..after 8 months in which all my analyzes about GOLD were almost perfect,
...as you can see ... GOLD is on an upward Fibonacci but has also made a strong downward trend line!
In the next period I...
Gold regained sharply on the weak US dollar. The US dollar index lost more than 50 pips after US CPI data. The yearly inflation surged by 7%, the highest level since June 1982. Markets eye US PPI data today for further direction.
Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index –Bearish (positive for gold)...
Sometimes we need to make the chart as simple as possible to understand the market direction. I only use one minor trendline and one support line in this analysis.
So far, the price has already breakout and closed below the "red" line, a pretty strong indication that the market potential will be falling deeper to retest the 1760s neckline.
Tomorrow Fed Chair...
In last weeks KOG Report we said we would like to see the market get some more buyers in a little higher up before again taking a decline. For that reason we were looking for the 1830-35 price point to get targeted and wanted to short the market from there. We said we wanted to short it back down into the 1815, 1810, 1800 and 1797 levels which the KOG target...
This is our view for NFP today, 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. We’re also...
Gold has broken the previous support and now testing as resistance and it is creating a bundle of doji's just below this resistance. It is likely to have another drop from this resistance.
End of day update:
We saw a strong resistance at the 1830-35 region as we suggested in the KOG Report and managed to get a nice short into the 1815, 1810 and 1800 levels. We’re now removed a majority of the trade and set the stop to entry just in case we achieve our lower immediate target of 1785. We are now looking for a small push up with the first initial...
Gold is in wave C. We can measure it buy formation of wave B in Ret. 38.2 & the time token to brake the top of wave A. I mean, the speed of the last wave can be considered as a proof of being in a new motive wave not a correction one. The TP is measured using Elliot and Fibonacci rules. Personally, I think the price will hit the target in 10 years or more!...
Our analysis for the week still stands and no changes to plans. Market volume low and not much movement. We will update any changes to our plans, as the week unfolds.
This is quick post of a bull flag formation identified and a fib extension at 50% inline with 1822. We don't rely on chart patterns alone, as they can be inaccurate but they work well alongside...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
the price is respecting the Weekly TrendLine and on 4HR timeframe there is bullish divergence also, seems good opportunity for Longing GOLD on proper confirmation
Targets :
TP 1 - 1811
TP 2 - 1830
