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...
Gold prices are showing signs of reversal after hitting an all-time high above the $2,350 barrier during European trading on Monday. The decrease in bets on a Fed interest rate cut in June and reduced geopolitical tensions have limited gold's upward momentum, despite increased central bank gold purchases. Looking at the H4 chart,, if gold undergoes a correction...
This is a beautiful price action. We can see a clear market maker-buy model here. Smart money reversal and distribution phase one is already done, now we should wait to intermediate low form and then buy. Now, I can see the steel side liquidity formed above and inside the FVG which is a high-probability scenario for buy. If the price continues to create a...
As you can see, this train is about to leave. There's still time to get on board. Probably the easiest trade you'll ever make.
Gold (XAUUSD) has been trading within a very aggressive (blue) Channel Up, which today hit the top of the logarithmic (dotted) 6-month Channel Up. If it is indeed symmetric with the first Bullish Leg of that Channel Up, then it is close to completing a +10.60% rise which should call for a 4H MA50 (blue trend-line) pull-back. As a result we expect a quick fall to...
Intricate dance between gold and copper prices is a tale beyond mere metals. It reflects global economic sentiments, industrial demand, geopolitical angst, and investment trends. Gazing into the crystal ball to decipher the future of the gold to copper ratio, a fascinating narrative unfolds, particularly highlighting copper's brighter prospects. Copper is...
XAUUSD: The Year of the Bulls 🐃 The last month or so has been a bullish infused few weeks for the precious metal gold, having surged above the 2000 level late last year with a spike up to 2140 and then settling down for the remainder of 2023 whilst initially being calm in Q1 price volume started to pick up in late february where it has since scaled to new all...
EASYMARKETS:XAUUSD For more in-depth analysis, join the Daily Pitch International Webinar every morning, at 6:00 GMT, on YouTube. www.youtube.com Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders,...
🔸Hello traders, let's review 2days/candle gold price chart today. Strong gains recently after breakout of the ATH, currently trading near ATH at 2337 usd. Having said that, based on the price action structure, I expect an interim market-top at neat 2370/2390 usd and a subsequent correction/pullback. 🔸Price structure contained within bullish channel since 2020,...
The number of non-farm payrolls in the United States increased by 303,000 in March, far exceeding expectations. The number of new jobs in the United States in January and February was revised upward by 22,000. Although the overall number is bullish for the US dollar and negative for gold, it has not actually changed the strength of gold's rise. . The current...
After a huge bull run in XAUUSD, opening with gap, fill to gap and false breakout above rising flag is random movements that can be sings of trend weakness. So, i think can see bearish trend in lower timeframe after this moves. Trade safe. Good luck.
Last week, gold continued to rise on Monday, Tuesday, and Wednesday, constantly setting new highs, soaring by dozens of points every day. Only on Thursday did gold press the pause button, and the market was counting on Friday's non-agricultural data to repair gold's upside. . Things are not going as expected. Although non-agricultural data and unemployment...
Gold has tapped into our POI for sells and so far rejecting. Let's see if this huge move can play out! I've been buying XAUUSD since prices been at early $1,600's. Is it time for a reversal? It's not impossible. Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which...
I have been buying Gold since price has been at $1,600's. Is it time for a reversal? It's not impossible. Gold is extremely overbought & moving in positive correlation with the DXY which is unlikely. I am expecting the Dollar to carry on climbing up, which can put an end to Gold's rally. Let's see what happens. I'll be looking to hedge my buy positions with sells.
Silver a completed a nice bullish ascending triangle WIll this follow Gold to all time high Targets on chart $34
Silver is moving REALLY SMOOTH & easy to understand in terms of market structure. We saw market create its first impulse move to the upside in October 2022 (similar to Gold), which was then followed by a downside correction from January this year. Silver didn't go below its last major low & last week created a bullish engulfing candle on the weekly TF, showing...
Hi everyone ! After many years I'm back :) And After a wild week for gold, it is still impossible to guess its trend with certainty! But after the publication of employment statistics and the unemployment rate of the United States, strengthening the dollar next week is not far from expected. This will help the trend of gold and perhaps its correction...
Let's start off the new week by updating you on our silver buy position, which was posted live for you all. Last week Silver moved an enormous 2,550 PIPS (10.30%) after a whole year of consolidating. This huge bullish move broke above the consolidation price action, indicating further upside is coming. Our buy position is now running 36% in profit!