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
Goldanalaysis
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 (INSIDE ASCENDING CHANNEL ) (4H)XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 2,386$ .
TURNING LEVEL (1) : this level around 2,386$ , the price trading above this level , indicates it will be trying to reach resistance level (1) , beware if the price breaking this level by open 4h candle below this reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 2,420$ , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 2,439$, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 2,365$, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 2,343$, for reach this level will be breaking by open 4h candle below support level (1) .
MY GOAL : resistance level (1) at 2,420$
TARGET LEVEL :
RESISTANCE LEVEL : 2,420$ , 2,439$ .
SUPPORT LEVEL : 2,365$ , 2,343$.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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.
Gold Sell Today Spot Gold remains confined to a tight intraday range on Wednesday, hovering around the $2,155 mark. The US Dollar advanced throughout the first half of the day but reversed gains with Wall Street’s opening as investors await the United States (US) Federal Reserve (Fed) monetary policy decision. The central bank is widely anticipated to keep rates on hold, with investors focusing on whether the dot pot or Summary of Economic Projections (SEP) will still suggest three rate cuts this year as it did in March.
GOLD SELL ON DIPS FOMC TODAY !!! HELLO TRADERS
As I can see gold is going to drop more till design levels on FOMC and US Interest rates ahead
we are expecting more Strength in $ and technically if we see a view on this chart Gold is in downtrend and after a all-time high with overbought conditions it is trading under the upper trend line as soon as it will break triangle zone it will drop more hard.
it's just a trade idea share Ur thoughts with us we are selling Gold from since it was at 2180 have a look on attached chart it will define more levels.
Stay tuned for more updates!
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Once again a great start to the week with our chart idea playing out, as analysed.
Yesterday we stated we had a open target at 2184 and a ema5 cross and lock above 2184 will open the range above or failure to lock above 2184 will see price retrace.
- Our target at 2184 was hit perfectly followed with a candle body close above 2184 leaving 2192 open. However, we will need to see Ema5 cross and lock above 2184 to further confirm the range targets above. We also saw our bearish target at 2178 complete and then found support for a retest at 2184.
We will also keep in mind a failure to open the range above will see retracement test to support at 2166 and a break and lock below this level will open the swing range. A cross and lock below the lower swing range at 2137 will open the structure support. However, support above here and we are likely to see a re-test of the levels above again.
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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2184 - DONE
EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS
2192
2201
POTENTIALLY 2210
BEARISH RETRACEMENT TARGETS
2178 - DONE
2166
EMA5 CROSS AND LOCK BELOW 2166 WILL OPEN THE SWING RANGE
SWING RANGE
2147 - 2137
EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2122- 2133
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD SELL | Day Trading AnalysisHello 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.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GOLD BULL RUN STILL NOT FINISH !!!HELLO TRADERS
As we can see GOLD has tested 1985 zone and now again trading above 2022 zone today FOMC meeting Show FED is not in hurry to cut the rate they are Staying on the same rates which will not the Dollar more so investors always choose safe haven in these type of conditions geopolitical issues we aim for retest 2088 a strong resistance lets see what market brings we are on trade do a proper analysis before any trade share ur thoughts with us on GOLD
STAY TUNED!!
for more updates
GOLD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰