Gold's divergence from lows & a leap back to the high sky today?
As I now know that Cryptocurrency has broken upwards & out of its tight ranges, well for now at least as it's a very volatile beast, Crypto, & the whole lot of it; my focus has swapped to Gold and Silver prices and I see that both have upside potential of their own, especially during Tuesday Asian trading when I was watching both at the bottom of their 15m triangle patterns and both ended with dignity taking a leap upwards in price.
There are 15M Buy-order blocks that extend down to 2636.30 approximately, but I would not expect price to break-down that much more, given gold's general supremacy and standing in the world at present.
The Gold price has pretty much been in a slightly corrective and smallish price-range for the past 4 weeks. I think another leg-up might commence soon.
Goldanalaysis
GOLD 1H ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today allowing us to buy dips inline with our analysis.
Our bearish target on this chart complete at 2650 and just our full bullish target at 2674 still open giving us the confidence to buy dips
2650 is currently providing support for the bounce. However, we also need to keep in mind that although we had the move into the retracement zone also giving us the bounces, as highlighted with the arrow on the chart; the full retracement range is still open. We need to keep this in mind when managing risk for the extended range between 2674 and 2620 .
We will need to wait for the 2674 test, followed with ema5 cross and lock above 2674 to confirm the range above or failure to lock above will see price test the lower Goldturns and the weighted Goldturns for the bounces, allowing us to take advantage of the bounces.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2674
EMA5 CROSS AND LOCK ABOVE 2674 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
POTENTIALLY 2716
BEARISH TARGETS
2650 - DONE
EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2620
EMA5 CROSS AND LOCK BELOW 2620 WILL OPEN THE SWING RANGE
SWING RANGE
2588 - 2558
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Roadmap!!!Gold started to increase after the tension between Lebanon and Israel , and maybe the price of Gold increased more than expected , so that it even went a little higher than the important resistance line, bu t this increase was in the form of a fake break .
Gold is currently moving towards the Support zone($2,600-$2,580) and breaking the Uptrend line .
According to the Elliott wave theory , Gold seems to have used an Ending Expanding Diagona l to complete the main wave 5 . The Ending Expanding Diagonal usually comes at the end of wave 5 .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Gold to continue to fall in the coming hours and days after breaking the Uptrend line , at least to the Support line , and I expect this fall to be even more. Of course, the conditions of the Middle East can change the direction of gold movement at any moment.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
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Rate Cut Expectations Boost Gold TO 2700$ NEW ATHHELLO TRADERS!
As I can see market participants now see a nearly 50% chance of a 50-basis-point rate cut, up from 14% earlier in the week. Comments from former Fed officials and the market’s appetite for deeper cuts have intensified speculation that the Fed may take more aggressive action. This has fueled gold’s rally, with lower rates generally increasing the appeal of non-yielding assets like gold.
U.S. Dollar and Bond Yields Support Gold’s Rise
Despite the rally in gold, the U.S. Dollar Index gained slightly this week, closing at 101.114 with a 0.07% increase. However, the expectation of future rate cuts tempered the dollar’s momentum, keeping gold prices strong. Additionally, bond yields fell, with the 10-year Treasury dropping 2.1 basis points. As bond yields decline, the opportunity cost of holding gold diminishes, bolstering its attractiveness as a safe-haven asset.
Global Monetary Easing and Central Bank Demand Drive Gold Higher
The European Central Bank (ECB) also cut interest rates this week, contributing to global monetary easing and reinforcing gold’s strong uptrend. Central banks, particularly in emerging markets, have been increasing their gold reserves, further supporting prices. With the Fed likely to follow suit, the demand for gold is expected to remain robust in the short term.
Next Week’s Forecast: Fed Meeting in Focus
Looking ahead, all eyes are on the Federal Reserve’s policy meeting scheduled for next Tuesday and Wednesday. The market widely expects a rate cut, marking the Fed’s first reduction since 2020. While the consensus is for a 25-basis-point cut, there remains a significant 49% chance of a larger 50-basis-point reduction. A larger cut would likely drive gold prices higher, potentially pushing them towards $2,600 per ounce.
Moreover, the Fed will provide updated projections on future rate cuts, which could signal further monetary easing through 2024. The Fed’s success in bringing inflation near its 2% target while avoiding a severe recession will be pivotal in determining its next moves. If inflation continues to moderate and the labor market weakens, additional cuts could be on the horizon, further supporting gold’s bullish outlook. technically chart is also crystal clear its just a trade idea
Dear traders Support the idea it will help many other traders and share ur thoughts with us in comment Stay Tuned for more updates ....
Gold Analysis==>>End of the Rally!!!Gold entered the Potential Reversal Zone(PRZ) , as I expected in the previous post .
According to the Elliott wave theory , Gold has succeeded in completing the main wave 5 . One sign of this completion is the breaking of the Uptrend line .
Also, Regular Divergence (RD-) between Consecutive Peaks .
It should be noted that the Flash Manufacturing/Services PMI will be published today, and we expect Gold to react when it is published .
I expect Gold to drop at least $2,590 in the next hours, and if the Support line breaks, we should wait for Gold to drop to the Support zone($2,574-$2,560) .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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DAILY CHART UPDATEHey Everyone,
Please see update on our daily chart structure that we have been tracking and trading successfully for a while now.
After hitting and completing our final target at 2521 multiple times last week, we stated that we will now look for either a candle body close or ema5 lock above 2521 to confirm 2566.
We have the candle body close above 2521 for the gap to 2566. Ema5 lock would further confirm and strengthen this gap.
We have to also keep in mind that we have a support range below at 2464 - 2405 for longer range support areas to buy strategic dips if the corrections take place before completing gaps above.
We will use smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAU/USD 13 August 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 11 August 2024
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. This is what price printed according to my analysis.
Intraday expectation: Price has reacted at an H4 demand level, therefore, price to target weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
As per previous analysis, particularly alternative scenario, which was: We need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level.
This is exactly how price printed.
Price has printed a bearish CHoCH following bullish iBOS which indicates bearish pullback initiation.
Internal structure is substantial, therefore, I have had to to zoom out so you may obtain a better view.
Intraday expectation: Price to continue bearish, react at either discount of 50% EQ or M15 demand level before targeting weak internal high.
M15 Chart:
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone,
Please see update on our weekly chart idea and analysis.
As stated last week, that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above.
This played out perfectly with multiple attempts on the channel top and now we got the candle body close above 2434 opening the 2505 gap. However, ema5 cross and lock will further confirm this gap to solidify confirmation.
The drop early last week was only to touch ema5 for the detachment correction, which immediately followed with the push up inline with our plans to buy dips.
The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames.
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said we would be looking for the price to open and attempt to attack the lower support regions 2375 and below that 2367-5, which if held we felt long trades would be available to traders this worked extremely well for us and anyone else who followed the KOG Report. We gave the levels above 2410 and above that 2430 on the break, expecting a pullback around the 2410 region which only gave us a small bounce before continuing. We updated the reports through the week, in particular the FOMC report giving the target level of 2450 which is where we wanted to get a nice entry for to target, unfortunately, we didn’t manage to get the entry for that trade. Instead, we held the longs and finished off another great week in Camelot.
Friday’s NFP, analysis was posted for the Camelot members together with the potential high and the hotspot which worked well for traders giving them the opportunity to enter short, hit the hotspot as well as the Excalibur target which was active.
An extremely decent week not only on gold but all the other pairs we trade alongside our traders in Camelot.
So, what can we expect in the week ahead?
Ok, to be honest, this week we may be subject to complete change based on the move NFP created on Friday, however, we have to go with what the chart is showing us and of course, with this being Gold the unexpected. So, we’ll say for this week we have the order region support level 2430 and below that the extreme level of 2410-13. Above we have the resistance levels of 2450-55 again an important level. If we see price attempt the 2450-55 region in the early sessions, which we feel is likely, a rejection there can bring us down into that 2430-35 region again attempting to break it and take lower into the extreme level below which is where we feel the ideal long trade will come from to carry this back up towards the 2490-95 region. That’s the region we ideally want to see completed before and held for now. This gives us the potential range to play unless one of the key levels are broken. Breaking 2410 we’ll be seeing this flush pretty fast so lets play some caution here, see how the levels react and we’ll take it as we see it.
KOG’s bias for the week:
Bullish above 2430 with targets above 2465 and above that 2490
Bearish on break of 2430 with targets below 2410 and below that 2395
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Gold is Ready to Go Up==>>Short termGold has managed to break the Support zone($2,398-$2,376) and the Uptrend line .
Gold is currently approaching the Support zone($2,351-$2,329) and Potential Reversal Zone(PRZ) .
I expect Gold to rise to at least the Support line again.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GOLD THOUGHTS - 23-JUL-2024Hello everyone! Please find my GOLD market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Gold Needs Correction!!!Gold is moving in the Resistance zone($2,450-$2,426) .
Gold moved as I expected in the previous post .
According to the Elliott wave theory , Gold has finished main wave 5 , and we should wait for Corrective Waves .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the Support zone($2,400-$2,376) .
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD 17 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
I have been mentioning that price could be seeking further liquidity to fuel it's bearish pullback phase and price could create a higher high to bring CHoCH positioning closer to current price action to allow for a more realistic indication of pullback phase.
This again, is precisely what happened. Price has printed all time high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line.
50% EQ for swing structure is denoted in black. 50% EQ for internal structure is denoted in blue.
Intraday expectation: Allow price to continue it's bullish momentum and print bearish CHoCH to indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has print both internal and swing BOS (Break Of Structure)
Price has printed a bearish CHoCH thereby confirming internal range and indicating bearish pullback phase initiation.
Intraday expectation: Price could potentially be targeting weak internal high.
Alternative scenario, price to react at M15 supply zone, pullback into discount of 50% or M15 demand zone before targeting weak internal high.
M15 Chart:
XAU/USD 24 June 2024 Weekly AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterday's weekly analysis dated 23 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI.
Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase.
Intraday expectation: Price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS aligning itself with H4 internal structure.
Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS.
Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low.
M15 Chart:
XAU/USD 30 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation.
I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line.
Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation.
As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below.
Price was failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity.
As previously mentioned, I have started to map internal structure to gain a better understanding of price action.
I mentioned that the blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme of the H4 swing low structure which is marked with a blue solid vertical line. Price has now printed a bearish CHoCH with price currently being contained within an internal range.
Black EQ marked 0.5 is swing range. Blue EQ marked 0.5 is internal range.
Intraday expectation: Scenario one: Price to continue bullish to target weak internal high which is denoted with a blue dashed line.
Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a series of bearish iBOS' followed by a bullish iBOS.
This could provide a very early signal that H4 pullback is now complete.
Intraday expectation: Price to react at discount of 50% EQ or M15 POI to target weak internal high which is denoted with a blue dashed line. The internal low, which is also denoted with a blue dashed line to the bottom of the chart is expected to hold.
M15 Chart:
GOLD SELL | Idea Trading AnalysisGOLD is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
XAU/USD New rally soon? Longs from 2,320 My bias this week for gold is to look for new long opportunities to maintain the current bullish trend. Despite witnessing an all-time high (ATH) being taken out and now experiencing a strong bearish move, this could merely be a retracement due to the significant liquidity swept at the top earlier last week.
I am waiting for the price to enter the 19-hour demand zone to look for a Wyckoff accumulation pattern, which would signal a buying opportunity back up to a supply zone. If the price retraces upward without touching my marked demand zone, I will wait for the 5-hour supply to be mitigated.
Confluences for Gold Buys:
- The price has reached an ATH and is undergoing a correction.
- The 19-hour demand zone has caused a break of structure to the upside.
- There are numerous imbalances left for the price to fill, as well as untouched Asian highs.
- The price is entering a discounted area and a psychological number.
P.S. Although the price has been quite bearish since the ATH sweep, I will still consider gold to be bullish if it holds in my nearby demand zones. If the price breaks the entire structure and continues downward, we might be in for a short-term bearish move.
🚨Gold is Ready to Go Down🚨_Can Gold make New ATH again❗️❓✅ Gold managed to create a New All-Time High(ATH) at the beginning of the week.
🏃♂️Currently, Gold is moving near the 🔴 Resistance zone($2,450-$2,426) 🔴.
🌊According to the Elliott wave theory , Gold has succeeded in completing main wave 5 by the Ending Expanding Diagonal .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to continue falling to at least the 🟢 Support zone($2,373-$2,353) 🟢.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
I will only say a single word: Gold!I will only say a single word: Gold. Yes, just gold. Do not forget; "Madness only comes to those who think the most"
Gold is at its highest high in history. We know that the metal in question is considered a protective reserve for our fiat currencies. But what explains this sudden rise?
Is this increase linked to the "wars" that are taking place around the world, which directly affects the economies of countries considered developed, spilling over directly to the rest of the world, the so-called emerging countries, causing "investors to stay away from investments" and keep your rich money in American bonds that are paying attractive rates?
However, something else comes to mind. But if American debt also increases at the same speed as gold, is it really wise to put our money in bonds (of any country) that are directly linked to fiat currencies and not in the precious metal?
We have many questions that must be weighed in order to truly make a decision.
I feel like we're at a moment that I can call more or less like this: "If we run, the animal will catch us, if we stay, the animal will eat."
People want to find a way out, unfortunately there is no way out, there are only paths that we must choose to prepare ourselves for any eventuality that may happen in the future!
According to the previous analysis and graphically speaking, gold is in a region of resistance as indicated by the SETUP used. This unknown region (resistance) in 2422 is imposing a less appetizing pace for the metal, setting precedents for us to have a correction until 2210.
But it is clear that if the SETUP used is correct, where today we have resistance at 2422 (exact place where prices are respecting), and there is such a correction at 2410, this leads me to think only of a pattern called "pull back " bullish continuation. What a thing, right?
I make it clear in the image below; prices fully respected the upward channel suggested by SETUP, therefore, I trust the chart pattern more than the current market. And as I always say, and I've said it for a long time thanks to years of observation: "THE SETUPS DON'T LIE, BUT THE MARKET YES-or- DOES!".
Check out all my previous analyzes on gold by clicking here, and see if the SETUP'S lie!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
#XAUUSD #GoldAccording to the long-term analysis of gold, as you can see, the pullback of the descending channel of the cup handle was completed internally and the next micro-waves were analyzed in a separate post.
But this rising wave that started in 2015 can continue its last leg of its ascent in the first range of 1.618, the ratio of wave 1 to 5, up to the range of 2533.
Therefore, the 4th correction is completed and it is currently in the 5th rising wave, which can be a 5-wave structure, which should be in the 3rd wave of 5th wave. It has an important cluster in the range of $2547 to $2533. This movement step can also reach the $3000 range. keep going
In addition, the initial goals of 2125 and 2250 will break the 2250 ascending path in the monthly time frame.