FX:XAUUSD is testing the resistance of the range, the market maker is capturing liquidity around 2328 and is not ready to let the price go yet. Trading inside 2328 - 2300 continues. On Sunday we discussed the bullish trend, correction and the fifth wave that may get its start after the end of the correction. Yesterday price tried to form a confirmation of the...
Hello dear Traders . In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an increase in demand that could drive the price to higher targets...
Hello dear traders! XAUUSD correction continues. Resistance at 2328 USD failed to turn XAUUSD back into yesterday's trading session. Showing that buying power is becoming weaker, up to now gold has touched 2314 USD, marking a decrease of 0.43% on the day. General, gold prices (XAU/USD) lost their recovery momentum on Tuesday. The yellow metal's decline was...
Hello all dear traders! Today, gold price touched 2310 USD, continuing to recover in the corrective trend and increased 0.09% during the day. Uncertainty amid rising US bond yields and a strong US dollar kept gold unchanged from yesterday's session. From the 4-hour chart, technically gold is completing a Falling Wedge pattern. In such a scenario, I would...
The price of gold dropped to $2,227 following the release of the report on non-farm payrolls and unemployment rate. However, afterwards, gold continued to trade steadily and ended the session around $2,300. While the price remains in a downward trend, there is potential for short-term recovery as it approaches the trendline. Nevertheless, if the price continues...
Clear break to the upside then a retest. I see a head and shoulder patter. Then a bullish Engulfing. I take my buy.
Gold was under a downtrend that it broke. Now we can expect a pullback to the support range and continue the uptrend towards targets 2352 ~ 2358.
The KOG REPORT – NFP This is our view for NFP, 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...
Hello traders ,what do you think about GOLD? On Friday, gold could not grow according to the published economic statistics and had a back-and-forth movement. In the coming week, it is expected to grow at least to the specified levels by reaching the specified support zone. If this post was useful to you, do not forget to like and comment.❤️
Hello dear traders! Overall, Gold prices traded stronger during the day. The bullish outlook for the precious metal remains intact, as XAU/USD is above the key line (EMA) on the daily chart. In the short term, gold prices have remained confined within the down trend channel since mid-April, suggesting that further consolidation or a sharp decline as I mentioned...
Hey Everyone, A piptastic day on the charts today kicking off the new month with blues. Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries. We then stated that we will now wait for this area to support and head for the...
End of day update from us here at KOG: A quiet day today only allowing the red box scalping strategy to take effect while price ranged and accumulated through the day. Yesterday we said we would like to see this go higher into the 2330-35 region which was close and again was rejected. Our bias level target shared today was 2310 which was hit, with the bias...
Gold prices did not skyrocket, holding steady around $2,300 amid trading pre US Non-Farm Payrolls (NFP) report. From a technical standpoint, on the daily chart, gold prices are still trading below the Simple Moving Average (SMA) 20 with no significant changes. Furthermore, longer-term moving averages maintain an upward slope but at a slower pace compared to...
In this article, I will show you a simple technical indicator that will help you to identify support and resistance levels easily trading any financial market. And what I like about this indicator is that it is absolutely free and it is available on all popular trading platforms: tradingview, meta trader 4, meta trader 5, etc. This indicator is called ...
#GOLD- well guys market perfectly hold you bottom and bounced, what do you think now? 2318 is the supporting area now? i think market current supporting area is 2318 now, keep close it , if market hold it then further bounce expected here, keep close it. good luck trade wisely
FX:XAUUSD is strengthening after Friday's shakeout due to NFP, amid the dollar's decline. Possible retest of the liquidity area, with the aim of changing the trend. On H4 the price breaks the resistance of the wedge, formed within the corrective wave. The bulls are trying to hold above 2300, since the opening of the session the price strengthens to 2320 and...
Hello all dear traders! Gold prices struggle to gain any meaningful traction and trade within a tight channel near $2,300. The Fed is less hawkish outlook dragged the USD to a multi-week low and supported XAU/USD ahead of key US NFP data. In the current context, the possibility of price increase is possible but it is unlikely to last long as it approaches the...
OANDA:XAUUSD price is still moving sideways. The market is bouncing between range boundaries. The bulls failed to push the price higher at the top of the range, which might be a sign that the market will move to the bottom of the range. The market, as you can see, is consolidating around 2300 because the price usually moves sideways at key levels, which is...