Gold opened much higher today in the aftermath of the Israel geopolitics, with a move that has technically corrected the previously oversold 1D technical outlook (RSI = 38.184, MACD = -22.590, ADX = 40.526). Regardless of the fundamentals related to the conflict, the 1D MACD is reversing towards a Bullish Cross from deeply oversold territory and a rally to the 1D...
As I predicted, the market opening was very bullish on GOLD. Important decision is ahead now. Everything depends on the tone of the continuation of the conflict. Further escalation will inevitably push the prices higher, while good news make the prices drop a bit. Watch 1856 - 1864 resistance, its bullish breakout - 4H candle close above will be your strong...
GOLD finally reached a key daily structure support that we discussed earlier. Approaching the underlined green area, the market started to slow down and trade within a falling wedge pattern. After the NFP release on Friday, we saw a strong spike up. The market successfully violated and closed above the resistance of the wedge. It seems that the market is...
According to my prediction on gold Xauusd i expecting the market to go up because there is a big bullish candle formed showing a reversal which means we be looking for long in this coming week
KOG Report: In last week’s KOG Report, we said we would only be looking for support levels in order to go long due to where the price created it’s range and closed the week prior, being too low to attempt a swing short. We were expecting a ranging market and then a push to the upside in order to give us an opportunity to long up and then short it again from the...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We had strong support at 1817 our previous swing range providing nice entries last week into 1831 Goldturn. 1831 resistance is now being tested. We will need to see 1831 break and lock to open the range above. We now have structure support at 1809 and will need a lock below...
Hey Everyone, Please see our updated 4H chart levels and targets for the coming week. We have price testing weighted resistance at 1828 Goldturn. We will need to see 1828 weighted level break and lock with EMA5 to open the range above. We have a candle body close above 1828 opening gap to 1860 dynamic resistance but need ema5 lock to confirm the full range. We...
Hey Everyone, This is the Updated Daily Chart we shared last week. We highlighted price testing a support structure on the daily chart with some room still left and that we are expecting a reaction on this zone, also inline with the Goldturn channel support. - This played out as expected and we got the reaction bounce from 1822 support for a catch using our...
Hey Everyone, This is an update from last weeks Weekly Chart MID/LONG TERM PROJECTION. Our weekly chart finally broke out of the Goldturn ascending channel on the level we highlighted. We highlighted the target swing range that we expected the drop to, if the channel broke, which played out. We expect a reaction on this level of support also very close to...
Hey Everyone, Great finish to the week with our swing range playing out once again today. We took the buy from the drop at NFP to trail all the way upto the finish line at 1831. As stated throughout the week our levels with ema5 will allow us to track the movement down and then catch the bounces from our weighted levels up. This allows us to make pips with or...
Traders, remember that we are expecting the NFP release today. Here is my technical outlook for Gold ahead of the news. Analyzing a daily time frame, we can spot that the market is under a strong bearish pressure. The market is very close to a key daily support 1803 - 1811. Checking a 4H time frame, I see a slowing bearish momentum and a consolidation. The...
XAUUSD Short Term Pullback Whilst Momentum Slows After a sharp bearish slump which we identified with the descending channel XAUUSD hit some fierce support soldiers that slowed momentum and provided a suitable range zone to get some nice price action zone trading in, however, is this the push back to and over 1900 just yet? Look at my daily analysis to see what I...
Hey Everyone, Another great day on the charts for us today, with price playing between 1831 and 1817, as suggested yesterday. We continued to take buys from the weighted level at 1817 for clean 30 to 40 pip catches, as part of our plans to buy dips. As stated already, we will now need to see a cross and lock on either 1831 above or 1817 below to determine the...
Gold continues to flash bearish signals and besides the weekly (RSI = 34.620), it is about to turn technically bearish on the monthly timeframe as well (RSI = 48.938, MACD = 40.760, ADX = 33.051). On an even larger scale (3M), we have detected the latest sell indication, as the MACD formed a Bearish Cross. With the price inside a giant Megaphonoe pattern where...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hey Everyone, Great start to the week with our chart idea on the 1H route map playing out level to level. We got the ema5 cross and lock below 1847 opening 1831, which was hit yesterday. This followed with a cross and lock below 1831, which opened the swing range. This was also hit perfectly and then did exactly what it says on the tin, giving the perfect swing...
XAUUSD RISKY Buy/Long Entry: 1843.110 Long/Buy Target: 1895.599 Stop Loss: 1830.704 Risk: 2% of Capital Enter in with caution as XAUUSD has been in a downtrend for a while. This is for day traders mainly that are looking to take a risk for a quick potential profit gain.
Gold is oversold both on the 1D as well as the 4H timeframes (RSI = 20.366 and 21.792 respectively) hammered way under the 4H MA50 and the 4H MA200. As long as the yellow metal traded under the LH trendline, every relief rally touched the 0.5 Fibonacci level. We expect a similar rebound that will get triggered if the 4H MACD completed a Bullish Cross (being vastly...