KOG Report: In last week’s KOG Report, we said we would be looking for price to attempt the high before finding resistance and then we would be looking to short the market. Initially targeting the 1980 level, and upon the break, we would have more confidence in lower pricing. We had the path showing the 1950-55 level and gave the extension levels of 1947-5 as...
Dear friends, Gold continues to trade sluggishly around the $1995 mark, showing little change compared to yesterday's trading session. Market analysis: - The global precious metal is caught between escalating political tensions and expectations of interest rates ahead of the Federal Reserve's monetary policy meeting. However, we remain optimistic about this...
Dear readers, Escaping the discount channel has resulted in an impressive price increase. At the time of writing, the cryptocurrency market is trading below the $30,000 barrier. The upward trend is strong as it consolidates at high levels with stable trading activity on a 2-hour timeframe. As a result, there is eager anticipation for SEC approval of proposed...
Gold is once again in the spotlight, and here’s why! Economic Cycles, PMI & Gold The US Purchasing Managers Index (PMI) is a leading indicator often used to identify turns in the economic cycle. A below 50 PMI print indicates contraction in the US manufacturing cycle, while a print above 50 suggests expansion. Generally speaking, expanding manufacturing...
KOG Report: In last weeks KOG Report we said we would be looking for the higher level of 2015 to be completed. Based on the structure of the chart, we suggested that if we opened with a bearish set up, we would be looking for short trades into the 1990-95 level, and below that that 1975 price point. We then said if support holds below, we would be looking to...
Markets (stock, crypto, forex, precious metals) may be in big trouble if the weekly close tomorrow remains above this wedge, and we head north of the two targets posted above. TVC:DXY has broken above a falling wedge after testing the top of monthly support. On its attempt to test monthly support, over two weekly candles, both closed above it and wicks failed...
Hello dear friends! Just like yesterday, gold experienced strong fluctuations after the evening news and quickly returned to the previous trading level around $1987, with little change compared to the same time yesterday. Gold prices are seeking support from the weak performance of the US Dollar and the low interest rates of the US Treasury bonds as they attempt...
On the weekly chart, Hochschild Mining looks to have broken out from 95.75 resistance. This bottom started to form in July 2022, so it's taken a year and 5 months to complete. As Gold is pushing higher this could mean more to come from this miner? WARNING: This not a recommendation to trade. Do your own research and decide on your own trades.
While bullish in the long term, we are still awaiting further pullback in the price of gold after its impressive run above $2,000. Right now, we are paying close attention to support and resistance levels near $2,009, $1,985, and $1,959. If the price of gold manages to hold above $1,985, it will be positive; the same applies to the breakout above $2,000 and...
Hello, wonderful Karina friends! What do you think, will the price of gold increase or decrease today? Currently, the price of gold is fluctuating around $1995 at the start of the trading session. Although it has slipped below the $2000 mark, it still maintains stability at a high price level. Despite the increase in US bond yields and the strengthening of the...
Hello Karina's friends, At the opening of today's trading session, gold has started to decline slightly by around $10 from $2006 to $1996. However, on larger timeframes such as the 4-hour and 1-day charts, they are supporting an upward trend, and the 1-hour chart shows the same. It can be seen that after gold once again touched a strong psychological resistance...
KOG REPORT: In last week’s KOG Report we said we would like to see how the market opened and how the lower support regions 1975 and below that 1968 would hold up price. Based on these levels holding we suggested opportunities to long the market to firstly attempt the break of the 2000 level and then the target region of 2015. We gave the order region 1950-55,...
Dear fellow comrades, the price of gold has experienced significant fluctuations today as the financial investment community increases its demand for the "greenback." This has propelled the USD Index to reach 106.27 points, leading to a strong increase in the value of the US dollar. Meanwhile, crude oil prices have dropped to $83.25 per barrel. Moreover, the...
Dear friends, Gold has maintained its good upward momentum from yesterday's trading session, although the price has slightly decreased and is currently trading around $1970 - $1972. Selling pressure has increased after gold experienced a strong rally, with investors taking profits as the US dollar shows signs of a strong rebound. The situation remains...
Dear valued readers, The cryptocurrency market has experienced an impressive price surge, as the excitement surrounding Exchange-Traded Funds (ETFs) has driven up the price of BTC. At the time of writing, the cryptocurrency market is currently trading around $34,000, reflecting a 20% increase over the past seven days. The strong upward trend is reinforced by...
Hello dear friends! A new week has opened up with plenty of opportunities for us. Let's explore together with Karina <3 On the global front: - Political tensions in the Middle East remain unresolved and continue to escalate. - The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market...
Hello dear friends. As predicted by Karina earlier, as soon as the gold trading session began, it immediately turned around and declined to the level of 1975 USD. Karina had previously mentioned that after breaking out of the trend channel, gold is likely to return to test the previous breakout area to confirm the official uptrend. Additionally, the price is...
Hello traders! Yesterday, gold received important information from the speech of the Fed chairman, and it reacted strongly as the price continued to rise and is currently trading at $1886, an increase of about $13 in a day, reaching the previously set target of $1970. The recovery of the precious metal is supported by the decline of the US dollar (USD) after...