The buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out Potential Trade Opportunity: Currency Pair: NZDUSD Position: long Risk to Reward Ratio: 3R Trade Parameters: BUYLIMIT: Entry Point:...
Gold remains pegged below key resistance patterns, with a bearish flag suggesting lower price potential unless it rises above recent highs. Gold remains stuck in its most reasonable course and is prone to a 5-day turnaround. Consolidation is taking place just below the resistance indicated by the purple 20-day MA, currently at the 2,330 level, and the 38.2%...
Looking good for upcoming view on the basis of price action
World gold price yesterday recorded a high of 2,332.22 USD and closed the session up nearly 1% to 2,323.99 USD. Do you find it strange? This number must have been chosen by the driver. Along with that, the domestic gold price continues to set a new peak. World gold prices have increased more than 12% in 2024 thanks to expectations that major central banks will...
The DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session. The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the...
The dollar index and dollar index futures both rose 0.1% in Asian trading after falling 0.8% last week. The greenback fell on weaker-than-expected non-farm payrolls data in April. The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are...
Hey Everyone, Great start to the week with our 1H chart idea playing out, as analysed. We started with our 2305 Bullish target hit followed with ema5 lock above 2305 opening 2321. This was then hit perfectly completing this target with plenty of time to get in for the action. We now have ema5 lock above 2321 opening the next range upto 2346. Its over 200 pip...
End of day update from us here at KOG: We were expecting it to be a quiet day, but in true unconventional market fashion we actually had a blinding day on the markets, especially gold. Early session we saw the break above which confirmed the long trade, Excalibur activated, the red box strategy agreed, and we got not 1 but 2 fantastic long trades on gold. To...
World gold increased slightly after falling for two consecutive weeks World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US...
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . NZDUSD long ! Great BUY opportunity. I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be...
This week, 15 Wall Street analysts participated in the Kitco News Gold Survey and most analysts expect gold to slide this week. Four analysts, or 27%, predict gold prices will move higher, while five analysts, or 33%, predict gold prices will fall. 6 experts, equivalent to 40% of respondents, believe that gold will continue to trade sideways. Meanwhile, 217 votes...
The DXY index fell sharply last week, reaching its lowest level since April 10. This sell-off mainly stemmed from a decrease in US government bond yields after the Fed's somewhat "dovish" statement and weaker-than-expected employment data. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward...
THE KOG REPORT In last week’s KOG Report, we said we would only be looking for one move and that was to short the market into the levels illustrated on the chart. We had the initial opportunity from the intra-day resistance level giving the move breaking through the order region temporarily giving us the bounce to long back up into resistance where we said we...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2305 resistance and 2285 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2305 to further open the range above or a rejection will follow to...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2313 resistance and 2290 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2313 to further open the range above or a rejection will follow to...
Hey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Previously we saw the anticipated retracement take place and the price test support at 2325 Goldturn inline with the channel half line. However, Ema5 5 remained above 2325 confirming the bounce, which we were able to track...
Hey Everyone, Our last update on our monthly chart. we completed all our Bullish targets after breaking out of the ascending channel We then stated that we also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel...
Here is my latest structure analysis and important key levels: vertical and horizontal supports and resistances for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️