Greetings Traders, Our spotlight is on XAUUSD, where we are actively eyeing a potential buying opportunity around the 2015 zone. As gold trades in an uptrend, it currently finds itself in a correction phase, steadily approaching the trend at the critical 2015 support area. This numerical level carries historical significance, serving as a vital juncture where the...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2059 and 2071 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target. We have support test open at 2059 Goldturn and also a bullish retest at 2071. We would need...
On Thursday, Gold price enjoyed two-way businesses, initially refreshing a three-week top before reversing to settle below the $2,070 level. In the first half of the day, Gold price benefitted from a sustained weakness in the US Dollar and the US Treasury bond yields, as strong US bond auctions and increased dovish US Federal Reserve (Fed) rate cut expectations...
Wave 1 is a leading diagonal. Wave 2 should happen in Q1 of 2024. I think gold should rise by about 20-25 percent in 2024.
Hello traders ,what do you think about GOLD? Gold is still involved in the resistance of 2075, the overall trend is still upward, it is expected to correct at least up to the specified level; before climbing to higher targets. If this post was useful to you, do not forget to like and comment.❤️
Hey Everyone, Another PIPTASTIC day for us on the markets. Our chart idea played out perfectly once again hitting our Bullish target at 2071 and just short of the final target at 2086, after the ema5 lock confirmation of 2063. As stated yesterday, we were expecting a re-test of 2063 and then a cross and lock to open the above targets. Once again our weighted...
KOG REPORT: In last week’s KOG Report we mentioned there will be a lot of ranging in the markets towards the end and beginning of 23/24 so to expect sudden bursts of volume. We saw just this last week in the markets across most of the pairs we’re trading. We suggested swing trading the market this time of year wouldn’t be part of our plan, and instead, if they...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price sit between two weighted levels for a test and break on either Goldturn to confirm the next level. A bearish test to support at 2048 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2044 and 2071 Goldturn. We would need to see a break and lock above and below either level to track price to the next range target. We have support test open at 2044 Goldturn and also a bullish retest at 2071. We would need to see...
Hey Everyone, Please see our daily chart chart idea updated form last week. So far laying out perfectly and respecting levels within the channel. Channel half line provided the support as suggested last week for our first bullish target hit at 2043. This followed with a candle break and close above 2043 providing the momentum for the break above this level,...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months. The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which last weeks price action provided on the channel bottom followed with our 2048 Axis...
Gold has formed a 4H MA50/100 Bullish Cross, extending the rise of the bullish wave inside the Channel Up pattern. Naturally, the 1D technical outlook has turned bullish (RSI = 61.138, MACD = 13.480, ADX = 42.704) and the price can test the dashed HH trendline on a +6.45% rise like the November 28th High, which was the top before the highly distorted ATH of...
Hey Everyone, Fantastic end to the week with our chart idea playing out perfectly all the way from the dip into 2018 followed with the failure to lock below the retracement range, which provided the bounce we were looking for all the way into each of our Bullish targets!!!! Our last weighted level break and lock we were looking for was the break above 2046 level...
KOG REPORT: There was no KOG Report on Sunday, so we’ll go straight into the week ahead. For the next few weeks, into early January we can expect there to be a lot of ranging and choppy price action due to it being the end of the year. Just like trading is not recommended the last days and first days of a month, it’s also the same for the last weeks of the year...
Hey Everyone, Chart playing out perfectly giving another great opportunity to buy dips inline with our plans to buy from support into the bullish retest target at 2046. Price continued to play between the range leaving a opening below 2033 with range open to 2018 and then locked back up above 2033 confirming the push up to 2046, allowing us to safely buy the...
Hey Everyone, Quick update on our route map for today. As stated yesterday, that we were likely to see a bounce between the range until the next weighted level breaks and locks allowing us to track and trade the movement level to level. - This played out, as we saw price bounce between 2033 and 2046. We are seeing ema5 maintaining the range within and failing...
Hey Everyone, Another great day on the markets for us with our chart idea playing out perfectly in true level to level fashion!!! Yesterday we stated that we needed to see 2033 cross and lock to open 2046. We got the lock confirmation today and then the perfect finish by hitting 2046 completing our target and with plenty of time to get in for the movement.. We...
After a confirmed breakout of an intraday horizontal demand cluster, Gold started to recover steadily within an expanding wedge pattern. We saw a strong rejection from the broken area. Our next bearish signal will be a bearish breakout of the support of the wedge with a 4H candle close below that. It will push the market at least 2010 level. If you haven't...