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Gold-trading

XAUUSD - KOG REPORT!KOG Report: In last weeks KOG report we said we would like to see some bearish pressure on Gold as long as the price stayed below the 1960 region. We suggested that if the market opened and pushed to the upside we would be looking for the zones illustrated on last weeks report to hold and then we would be looking to go short. We wanted to see at least the 1910 level target completed, however, the market reached 1914 and then turned bullish again. We suggested during the week in the FOMC report that we had a target of 1945 which you can see has now been achieved. So what can we expect in the week ahead? We’re going to keep this report shorter than usual as our plan hasn’t really changed from last week, only the potential regions for reaction have changed which we have updated on the chart. We’re going to say again that we’re not convinced with the bullish movement at the moment, our bias is still neutral, but we feel there is an opportunity to get in on a short trade to target the lower support levels below 1900! That’s not to say we’re not seeing this go up a bit more. So, we have two targets in mind for the week ahead, the above target of 1970-75 and a lower target area of around 1890-95. We will be looking to either go long from support to target the higher level or 1975 or be looking to short the market from the higher level of 1975 down into lower support levels. So we will look at this as usual with two scenarios in mind: Scenario 1: It would be ideal for the market to open and push up a little to tap into that 1950 supply and face some resistance there. We are expecting a pullback into the regions of 1940, 1935 and potentially 1920. This is where we feel there will be an opportunity to exits any short trades and take the long entry into the higher resistance level of 1970-75 where we will again be looking to go short for the lower levels. Please note, breaking 1920 and staying below this level will take us lower into 1910. Scenario 2: Price opens and pushes towards the downside, we will be looking for support to hold first around the 1930-35 region, breaking this the lower price point is 1920. If we see strong support here we will be looking to go long into the higher resistance levels of 1970-75 where again we will be looking to go short to target the lower support levels. So in essence, there are two key levels we are looking at targeting, we either want to go long from below to target 1970-75 or we want to go short from above to target 1895. Based on the mildness of the breakout on Friday it is very possible that we see this now range again just to really frustrate traders before they actually make the move they want to. While it ranges we will be trading this level to level the KOG way. As usual, we will update the analysis throughout the week and keep you in sync with any changes. Please do hit the like button, give us a follow and leave a comment. Your support and following is very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
33
XAUUSD Bull shark movementXAUUSD trade moved from predicted point and achieved 30% profit. Still trade has flash potential entry point around 23% Fib level. Trade will get new ATH after crossing 1973 resistance level. If trade fail to break that level then we will see new lower low level 2022. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support us by sharing our ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
FX:XAUUSDLong
by AussieLeader
1
GoldViewFX - MARKET UPDATEHey Everyone, Another awesome day of collecting pips. All our trading ideas posted this week HIT target and played out perfectly!! We are still Bullish and continue to buy dips from Goldturn support levels and our intraday levels that we share daily. We have now moved up the swing range to 1921 and identified a retracement range to 1931. We have TARGETS above at 1944 again, 1952,1961. These TARGETS will be confirmed further with EMA5 cross or CANDLE BODY CLOSE above 1944. We are now done for today and will come back Sunday with a full market review for the week ahead. Please don't forget to like, comment and follow us to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
30
XAUUSD - KOG REPORT NFP!KOG Report – NFP This is our view for NFP today, 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 can cause aggressive swings in price. We’re seeing the price move with in a tight range now with MAs starting to converge in preparation for the NFP release. We would strongly suggest you stay out of this one, there is potential today for the move we were expecting yesterday for end of financial year. We’re going to use the hourly chart for the illustration but we’re going to use the 4H chart for the levels. Reason for this is we again will be waiting for key extreme levels if we do decide to take a position. So, on the hourly we can see the immediate trend and a potential H&S in the making. The right shoulder is sitting around the 1940 level which may act as support, however, there is a level above which is around the 1950-55 price point where again there is liquidity waiting. So we will trade this with two scenarios in mind, for both we will be using the 4H levels on the hourly chart. Scenario 1: Price pushes to the upside, in the scenario we will be looking for the price to stay below the 1960 level. If we see rejection and resistance around the higher level we feel this would represent an opportunity to short the market towards the lower levels of 1930-35 and below that 1910. If we do take any entries we will be taking partials along the way as long as they’re in profit and protecting the trade. Scenario 2: They push the price downside, we will be looking for the first reaction around the 1910 region where we feel there will be some support. There is a chance this level will break to the downside if we come down here so we will wait for the lower levels of 1890-85 where we feel there will be am opportunity to go long. The range is big hence the levels are further apart. While Gold is moving 2-500pips a day and swinging wildly its too risky to trade the immediate levels on NFP unless you’re an experienced trader with an effective risk management strategy in place. This could all be an anti-climax and we hardly move, in which case we’re happy to sit tight. The market has been nice to us last month and we don’t want to give anything back so we shall remain on the defensive and maintain patience. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
18
GOLD - ENTERING NEW BREAKDOWN TREND ZONEHello trading friends, Gold shows the unexpected trend for entering a new breakdown trend trading zone. The trend shows that there are trends of selling inside Gold - what means this for coming time? Depending on data we are into a new breakdown trend - this could mean that we will see further breakdown trends coming Time. The healthy back trend will come one gold when we see 1960+ back with confirmation and time frame. what this will mean for Bitcoin is also a question, as it depends on other markets. This is not a trading call - this update shows the trend that gold entering a new zone and that's the breakdown trend. Have good times. If you like the idea - give it a like and follow - Thank you
GShort
by watchtrend
GOLD - The Time Has Come!Gold XAU/USD Hello All! Over the last 10+ Years, Gold has formed a massive Cup & Handle Formation. If you do a quick Google search "Cup and Handle Trading" you will see this exact formation playing out currently. Gold is the world's largest asset class by market cap and traditionally it has been a hedge to inflation. As we know recently inflation rates have been much higher compared to the past. A break above the downward dotted trend line resistance could send Gold to new all-time highs and beyond. Long-Term Investors and Traders keep this in mind during 2022 watch these key levels. Also, check out my next post to see what will happen to Silver a possibly even better opportunity!
OANDA:XAUUSDLong
by GenesisGo
1
Using Stochastic RSI to trade Gold on shorter time framesFor the past 2 months I tested a scalping strategy using the Stoch RSI oscilator for OANDA:XAUUSD . Basically, it consisted in entering a position, short or long, whenever the Stoch RSI crossed the signal above (shorting) or bellow (long) the overbought /oversold zones with very tight SL, waiting until the Stoch RSI gave me a clear trend change signal. I tried several time frames for Gold and found that 15m and 30m worked the best. Bear in mind I tried this for stocks, Bitcoin and it didn't fit at all. Only with gold. And only with the stoch RSI, the RSI was almost useless. At first this strategy was providing me good results. I had a hit rate of up to 85% on shorts and and 50% on longs. I tried several explanations for this and best one I found is a combination of the following two: 1) gold was in a macro slight downtrend and even in very short time frames, the probability of being right shorting was higher. 2) gold (and everything?) tends to come down more decisively than up so the oscillators pick a more clear trend shift. 3) my psychology was stronger shorting, somehow I seem to be more "afraid" when longing, perhaps because of point number 2). I eventually 1) gave up longing gold 2) used less leverage to have less tight SL and the strategy seemed too good to be true. No one was mentioning this on ideas or chats and sometimes I felt like I had found some sort of cheat code. Fellow traders would write "it's going up" or "it's going down" and they were almost always wrong if the Stoch RSI didn't match. However, suddenly i stopped having clear signals, the market completely changed. Stubbornly and because I wanted to test it, I stuck to it, but it never worked again (so far). My conclusion is that for it to work, the price action needs to be in "oscillator" mode with gold trading sideways on 15/30 minute time frame with a range of more than 3-4$ between tops and bottoms. It's also wiser to follow the main trend and opting out on entering short or long positions against a main trend. Also, it is very important to check TVC:DXY and TVC:US10Y in real time. (right now those two indicators are much more relevant to me than stoch RSI). I know for many more experienced traders the above idea might seem very obvious or naive, but I'm learning every day and I though I'd share my experience. Feel free to comment and happy trading to all.
TVC:GOLDEducation
by Aguia7777
1
Merry Christmas & Happy New Year 🎄🎁☃️ Hey traders, That year was one of the hardest ones in my trading career. And I can not even tell you what has changed exactly. Just it looks like this trading year was a bit different: the markets were simply reacting to key levels in a bit different manner, the price action patterns were not that accurate & volatility was insufficient. I tell you that just to let you know that if you were struggling this year with your trading, you are not alone. We are in the same boat and the only thing that makes us stay afloat is the fact that we never give up, we keep going no matter what. We know that at the end of the day we are always the winners. And winners win. Next year, be a winner, be strong and consistent and the magic things will happen with you. Merry Christmas.
BITSTAMP:BTCUSDLong
by VasilyTrader
45