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...
Hello all dear friends! XAUUSD is strengthening after an impactful week with the FOMC interest rate announcement and the April US non-farm payrolls report, within the framework of a falling dollar. Possible retest of the liquidity area, aiming for a change in trend. Gold is also receiving fundamental support when it comes to central banks' gold demand over the...
Gold prices attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, fueled by geopolitical tensions and uncertainty, as well as ongoing central bank purchases, could contribute to gold's rally. Gold prices traded stronger during the day. However, the yellow metal's positive long-term outlook remains unchanged as XAU/USD sits above the...
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative...
Selling XAUUSD at the current price of 2320/19 is recommended. The entry price is set at 2320.10, with three take-profit levels: 2315, 2312, and 2308. Additionally, a stop loss is placed at 2326 to limit potential losses. This strategy aims to capitalize on a potential downward movement in the XAUUSD pair, with the take-profit levels indicating incremental targets...
The KOG REPORT – FOMC This is our view for FOMC, 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 all dear traders! Prices continue to consolidate around the 2,300 USD area before the news that NFP is about to be released. The fundamental and technical overview is down. What should we expect next? As it is scheduled news today, anything could happen, such as a shake towards 2328 before a further drop to 2250 or an attempt to break trend resistance.. .
The current selling zone for XAUUSD is identified between the levels of 2292 and 2294. This suggests a potential opportunity for traders to capitalize on downward movements in the market. To maximize gains and manage risk, it's recommended to set take-profit levels at 2285, 2280, and 2275, allowing for incremental exits as the price declines. Additionally,...
Buy XAU/USD now at 2322/20 with a stop loss at 2322. We're targeting three points for profit: 2332, 2335, and 2345. The current trend suggests a potential upward movement in gold against the US dollar. It's essential to monitor market conditions closely and consider setting trailing stops to protect gains as the trade progresses. Additionally, keeping an eye on...
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...
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...
Hello Traders , Upon reviewing the gold chart in the 2-hour timeframe, we observe that, as per our primary analysis and expectations, the decline continued and managed to correct down to $2281! As we had marked on the chart two weeks ago, the range of $2268 to $2284 was an important demand zone where we expected the price to show a positive reaction after reaching...
After a volatile week, the OANDA:XAUUSD market managed to close above the crucial support level of 2300. Despite several attempts to push lower, the market remained volatile, fluctuating up and down. The job numbers fell short by approximately 60K jobs. Currently, it appears that the market is in a state of uncertainty as it tries to determine its next...
Hello all dear traders! Gold prices today turned down with gold down 15 USD compared to the highest price in last night's session of 2,325 USD/ounce. Accordingly, Gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a...
FX:XAUUSD continues to form the phase of correction. The price stops in the zone of 0.236 fibo, but the candlestick setup on D1 is forming multidigit. The struggle between buyers and sellers for 2285 continues. Last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is...
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 ...
Hi everybody! About last week's news developments and results: Gold prices trade in positive territory above $2,310 after closing last week in the red. Weaker-than-expected US jobs data increased the likelihood of a Fed rate cut in September, hurting the USD and helping XAU/USD find support. Conclusion about gold and trends: At the time of writing Gold - and...
Introduction - This continues directly from NFP SWING 2315-2275 POST. Details - This is a sharper move down that carry more bearish implications for intermediate outcomes. Let's get this up first and continue from there. I am keeping this post public until I fix the tg link problem. For whatever reasons, it is not letting people join so, kind of a nightmare...