KOG REPORT: In last week’s KOG Report we said we said the correction in gold was likely going to be profit taking and we were not ready to suggest it’s bearish as yet. We suggested that resistance may hold during the early part of the week and if it did, we felt the opportunity to short the market back down into 2330-35 and below that 2310-2295 would be...
Gold remains bullish for me, but the recent slowdown in momentum suggests a potential upcoming drop. We are currently in a 6-hour supply zone with multiple reactions already, and we might see another one after a liquidity sweep at 2420. My main focus for gold is to observe a drop to form a new supply zone or witness a reaction from a marked-out demand zone on the...
Gold had a strong breakout above $2,075 on March 24th, 2024, leading to a measured move target of roughly $2,400. Gold overshot to $2,430 and ended last week with a strong sell signal at the target. Should we short here? How do we trade this? 🤔 This is an optimal time to short on the lower timeframes given we see a confirmation candle on the hourly chart. I...
This week, my analysis for GOLD involves seeking immediate buying opportunities from the 12-hour demand zone where price is currently situated. My strategy is to initiate buys with the aim of targeting the 6-hour supply zone above for potential selling opportunities. Despite the significant drop on Friday, price still appears bullish based on last week's...
Gold price (XAU/USD) enters a bullish consolidation phase during the early European session and oscillates in a narrow band around the $2,260$2,265 region, or a fresh record high touched this Monday.
End of day update from us here at KOG: Following on from the KOG Report published yesterday, what a move on Gold, point to point, level to level, as we like it here at KOG. Early session straight into support giving the short, then the RIP which was expected straight into the order region, and to top it off, the RIP from the order region for the short. Pip...
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 peaked beyond $2,300, should correct before a new leg north Gold stays in a consolidation phase and trades below $2,290 after reaching a new record-high above $2,300 earlier in the day. The benchmark 10-year US Treasury bond yield holds steady above 4.3% ahead of Fedspeak, limiting XAU/USD's upside.
XAUUSD Gold reversed its direction and rose above $2,280 after correcting lower toward $2,260 in the European session. The broad-based selling pressure surrounding the US Dollar provide a boost to XAU/USD despite rising US T-bond yields.
Spot Gold resumed its advance on Tuesday, resulting in XAU/USD reaching a fresh all-time high of $2,276.90 in the American session. The US Dollar pared gains at the beginning of the day and lost some additional ground after Wall Street’s opening, despite generally upbeat United States (US) data and the poor performance of US indexes.
Gold Price (XAU/USD) extends its upside above the mid-$2,150 during the early Asian trading hours on Tuesday. The expectations of interest rate cuts by the US Federal Reserve (Fed) this year and the dovish remarks from Fed officials weigh on the US Dollar (USD) and provide some support to the US Dollar-denominated Gold. At the press time, gold price is trading at...
THE KOG REPORT In last week’s KOG Report we said we were on the flip again so would be looking for price to target that 2030-28 level at some point early week before then looking for an opportunity to long the market into the 2040-45 region with extension into 2050. It was this region we said we would ideally want to hold any short trades down if we got the...
My outlook for gold this week remains bullish. The robust response we witnessed from the daily demand zone two weeks ago has been a significant driver of the ongoing bullish momentum. I anticipate this trend to persist, and my strategy revolves around awaiting a minor retracement. I'm particularly eyeing a pullback towards the 6-hour demand zone, which emerged...
Gold is bullish, from mostly the FED’s dovish stance and inflation reports from the week before last. We opened up this week around 2001 and had some large volume for Asian sessions pushing the price to 2018 before buyers took some profit. When writing this, the price is challenging the 2010 key level. We have a lot of news this week, and keep in mind we are...
A bullish outlook prevails for gold, driven by factors like economic uncertainties, inflation concerns, and geopolitical tensions. Investors seek the safe-haven metal to protect their wealth, potentially driving its price higher in the coming period, making it an attractive asset.
XAUUSD right now emerging continuation patterns. Gold buy 1954 Stop loss 1948 target 1975 and 1983.
Currently, the outlook for gold is positive, with a bullish trend. However, I anticipate a temporary pullback from 2045.26 - 2047.73. This presents an opportunity for me to consider buying positions before gold potentially reaches an all-time high. On the other hand, the US dollar has a bearish outlook, having broken and retested the channel. Furthermore, silver...
Gold is currently at all times high on the charts that we have access to, so I do not know if price will continue higher. Looking for price to either continue bullish from where it is OR actually close inside the current D FVG and then continue bullish to take out the previous week high. However the FVG is fully mitigated, so we shall have to wait and see what the...