Get started

Goldbullish

XAU/USD Longs from 2,380 back up (ATH Soon)My gold bias for this week is bullish. After observing a reaction off the 22-hour supply zone, I expect a further drop to complete a retracement to a nearby demand zone, likely the 16-hour or smaller zones below it. Given my bullish outlook, I will be looking for buy opportunities. Once price reaches my demand level, I will wait for lower time frame confirmation to take it back up, potentially to the old all-time highs (ATH) or even higher. Confluences for GOLD Buys are as follows: - Price has broken structure to the upside and left a 16-hour demand zone. - Price is near the old ATHs, which is a major liquidity point. - The overall and current trend for gold is very bullish. - The DXY is looking bearish, supporting the gold buy ideas. P.S. If the price continues to rise without a retracement, I will wait for further price action to determine if I can sell down to a demand zone.
OANDA:XAUUSDLong
by Hassan_fx
1
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.
OANDA:XAUUSDLong
by Hassan_fx
2
THE KOG REPORTKOG REPORT: In last week’s KOG Report we said we said the correction in gold was likely going to be profit taking and we were not ready to suggest it’s bearish as yet. We suggested that resistance may hold during the early part of the week and if it did, we felt the opportunity to short the market back down into 2330-35 and below that 2310-2295 would be available. We said these are the levels we wanted to see the RIPs, and would represent opportunities to long the market back up in to the levels we had given, and for us into Excalibur targets sitting higher. As you can see, apart from the extension of the move into 2310, we got our move again upside giving us another phenomenal week on Gold in Camelot. Towards the end of the week, we gave traders the higher levels in which to look for the short trades, and again, perfect level to level trading implemented giving us the move down, then in Camelot, 2375 held for us to take it up again closing of the week. Great work by the team not only on Gold, but the numerous other pairs we trade. So, what can we expect in the week ahead? We wanted to see if they could close this above the 2400 level which failed on Friday, so even though we’ve been saying it for a couple of weeks, we’re going to play caution again on long trades unless we get a really significant pullback on Gold. We have the resistance level 2395-2404 which is holding the price down at the moment with support 2375 giving us the bias bullish above. However, for this week, we’re expecting them to attempt to break that high at some point and rather than taking long trades into the higher levels, we’ll be looking to capture another decent short trade from higher up. So, on open if we see support hold, traders could be presented with the opportunity to level to level long up into the 2404, 2410 and above that 2414-20 regions. We would suggest it is level to level with trades protected as soon as is viable and partials taken along the way. It may also be an idea to leave small runners with an open TP into the extension level 2340-55 which we’re identifying this week as an order region. It’s these levels where we’ll be looking for RIPs based on the set up if it is presented to short the market back down, with the view that we have potential to break below the 2375 price point. Please note, breaking and holding above 2404-6 is needed for us to target those higher levels. On the flip, although structure looks like we’re going higher, this range is confusing traders, not only getting them stuck mid-way but also whipsawing them into cutting and taking their stops. There is a small indication of a move down, but it’s not as significant as we would like at the moment, so we will say, if they do push this down, 2370-75 is the key support level which will need to break for us to go lower. KOG’s bias for the week: Bullish above 2370-5 with targets above 2404 and above that 2414 Bearish on break of 2370 with targets below 2355 and below that 2342 It's a simple on this week, caution is needed on the markets, so many traders are treating this like we’re in normal everyday market conditions as they haven’t experienced anything else. These are extreme market conditions, your lot sizes and your money management are imperative to maintaining your account and helping it to grow. There are numerous posts on trading the range, how to use levels, as well as a trading strategy that we’ve posted previously, please use these to help guide you through these markets. We’ll update the report throughout the week as well as share KOG’s daily bias and levels, please keep a look out for them, they have proven to be extremely successful in guiding traders and keeping them in the right direction. 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
FX:XAUUSD
by KnightsofGold
6
XAU/USD (GOLD) bullish rally from 2300 or 2280Gold remains bullish for me, but the recent slowdown in momentum suggests a potential upcoming drop. We are currently in a 6-hour supply zone with multiple reactions already, and we might see another one after a liquidity sweep at 2420. My main focus for gold is to observe a drop to form a new supply zone or witness a reaction from a marked-out demand zone on the 2-hour or 10-hour timeframe. Following this, I'll start looking for buying opportunities again, noting significant liquidity via Asia lows. Confluences for GOLD Buys are as follows: - Price is still in a bullish trend on the higher time frame and continued BOS has been present. - Demand zones have been left that have caused the BOSs as well. like the 2hr and 10hr. - Liquidity to the upside still left as well in the form of Asian highs. - For price to continue in the bullish trend it needs to retrace and form another rally. - Dollar also approaching a very good supply so if expected to drop gold could rise further. P.S. If price breaks any of the key demand points of interest (POIs), I will watch for a Change of Character (CHOCH) to the downside, signaling a continuation of the new downward trend. Have a great trading week!
OANDA:XAUUSDLong
by Hassan_fx
2
GOLD → Measured Move Complete!? Pullback to $2,200? Let's AnswerGold had a strong breakout above $2,075 on March 24th, 2024, leading to a measured move target of roughly $2,400. Gold overshot to $2,430 and ended last week with a strong sell signal at the target. Should we short here? How do we trade this? 🤔 This is an optimal time to short on the lower timeframes given we see a confirmation candle on the hourly chart. I would remain bullish on Gold given the macro trend on the higher timeframes like the Daily and Weekly. After three pushes up post-breakout, hitting the measured move target, and the Daily RSI being overbought for about 6 weeks, we should wait for the price to pullback from the breakout, likely a standard 50% pullback toward the price of the first push up; $2,200.00. Look for a buy signal candle and confirmation off of this area to enter a 1:2 long trade targeting a take profit around the measured move high of $2,350. Taking half profits at this target is reasonable then swing the latter half of the position until we see a sell signal. After the completion of that measured move target, I would be cautious that the price wants to go any higher before hanging around in this area of price via trading range. 💡 Trade Idea 💡 Long Entry: $2,225.00 🟥 Stop Loss: $2,162.50 ✅ Take Profit: $2,350.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Breakout of long-standing $2,075 resistance 2. Three pushes up to complete the measured move target 3. Strong sell signal after hitting that target, look for 50% pullback to Push #1 Support area 4. Look for a strong buy signal and confirmation bar, targeting a 1:2 Risk/Reward ratio trade 5. RSI at 72.00 and below the Moving Average. Has been overbought for 6 weeks on the Daily timeframe, supports pullback. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
TVC:GOLDLong
by TraderEngineering
GOLD Imminent buys towards 2390 sell idea This week, my analysis for GOLD involves seeking immediate buying opportunities from the 12-hour demand zone where price is currently situated. My strategy is to initiate buys with the aim of targeting the 6-hour supply zone above for potential selling opportunities. Despite the significant drop on Friday, price still appears bullish based on last week's performance, but we might anticipate a reversal in the near future. In case the current zone fails to hold, there's a demand zone below where we could consider another buying opportunity. This scenario is possible given the substantial liquidity present below my point of interest (POI). With ongoing news about geopolitical tensions, gold could potentially rally further, but we'll closely monitor unfolding events and adjust our approach accordingly this week. Confluences for GOLD Buys are as follows: - Price has been very bullish for the past couple of weeks and multiple BOS have taken place. - War news is happening and as we have seen before gold usually has a bullish reaction from it. - Price has recently broken structure and is now in a 12hr demand zone. - Price looking like it's slowing down on lower time frames could get a wyckoff accumulation. P.S. Gold may experience a decline from the 6-hour supply zone, given the substantial rejection indicated by the long wick on the higher time frame. This downward movement could signal the beginning of a potential bearish trend. Gold presents compelling opportunities for trading this week, with various potential entry points to capitalize on. Let's aim to seize these trading opportunities and capture profitable movements in the market!
OANDA:XAUUSDLong
by Hassan_fx
1
THE KOG REPORT - Update (what a day on Gold)End of day update from us here at KOG: Following on from the KOG Report published yesterday, what a move on Gold, point to point, level to level, as we like it here at KOG. Early session straight into support giving the short, then the RIP which was expected straight into the order region, and to top it off, the RIP from the order region for the short. Pip capture, unbelievable! We've been using the red box strategy for the rest of the move which has given us opportunities to capture the scalps 50-60pips a go in between. To be honest, that should be the week all done and dusted in terms of trading. So, what now? We have immediate support below 2315-10 which will need a forceful break to go lower, otherwise, any attempt on support could result in another RIP to take away the liquidity now sitting above 2350! For that reason, unless you're already short from the region given and protected, caution on shorting low in this range unless we confirm the break. Resistance now stands at 2330-35 with a break taking us higher before we then attempt to target lower pricing again. They're not going to make it easy, so stay disciplined and control lot sizes, the trade will come! 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
FX:XAUUSD
by KnightsofGold
2
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report, what can we said during the early part of the week we wouldn’t be looking to long the market, instead, we would look for a high to form and then short the market back down in to 2230 and below that 2220. We got the short into the initial levels which is where we suggested during the week that traders take the trades and wait for a RIP. We gave the bias level targets as bullish above 2220 and long trades to be take into 2250 and above that 2286 on the bounces, which as you can completed. Then came NFP and the long trade from the support level, again giving us a great capture enabling us to have traded this down and then up again level to level almost pip to pip entry and exit. Please be aware, these levels are not small captures, you only need to look at the chart posted to see the distance that has been covered in this play. Great week for us in Camelot, not only on Gold, but on the numerous other pairs we trade. Hit rate was amazing, pip capture through the roof! So, what can we expect in the week ahead? Quick and simple KOG Report this week. Caution again on going long too high up as any movement like we’ve seen in the opposite direction will not give you time to manage your trades. Keep your lot sizes in check and make sure you're risk model is up to scratch. This is no normal market, we're in unprecedented times and markets reacting in extremes! For this week, we’re looking at a potential stretch on gold so please be careful! These levels are to be tested, but one more little move to the upside to get the ideal entry would be perfect for us. So, we have the initial resistance right here on the close 2230-35, if held there is an opportunity to short the market back down into support regions 2310-05 which is where we want to see what happens and look for a potential RIP. A break here is what is needed for the price to continue downside, otherwise one more swing higher into the order region 2345-50 could be available which is where the ideal short may come from! Longs higher up are risky as the turn can be sudden and will leave traders left hanging a region where data is lacking, so caution please unless you’re scalping for quick captures from the intra-day levels we posts as well as the red boxes. Use the levels on the chart and use the intra-day levels, don't marry the trade, don't marry the position. When you trade like this, it doesn't matter where the market goes, you trade it, take what it gives and come back again when your set up is right. It’s really as simple as that this week, price goes up into our levels, we want to test the shorts, comes down we’ll either test the longs, or wait for the potential stretch and then short it from higher up. KOGs bias for the week: Bearish below 2350 with targets below 2310 and below that 2280 Bullish again on break of 2350 with targets above 2365 and above that 2372 Range in play – Support 2255 / Resistance 2372 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
FX:XAUUSD
by KnightsofGold
2
THE KOG REPORTTHE KOG REPORT In last week’s KOG Report we said we were on the flip again so would be looking for price to target that 2030-28 level at some point early week before then looking for an opportunity to long the market into the 2040-45 region with extension into 2050. It was this region we said we would ideally want to hold any short trades down if we got the reaction that we wanted, however, during the move into resistance, we suggested traders trade it level to level as the reaction was controlled and exit at the support level. It was here, after taking the move down, then up and scalping it down again, identifying the perfect opportunity to long, we unfortunately put a risk on longs due to the news release on Friday. So although we did well on Gold, we missed the final move up to where we closed, better to be safe than sorry I guess. So, what can we expect in the week ahead? This week we would say caution on the markets, they’re extreme and stretched with sentiment also approaching extreme levels. We’re a bit high here to even consider going long in the early sessions, so for that reason, we would suggest looking for the price to target the higher order region and looking for a reaction in price, if there is a confirmed set up, we feel an opportunity to short the market into the 2070 and below that 2065 region are available. It is this support region 2060-65 and below that 2055 that need to be monitored, holding above should allow us to get in on the swing into the higher levels firstly 2095 and them above that 2120! What we want to see this week is if the order region 2085-80 becomes a support level for gold for the coming weeks. If so, it’s likely we’re to see higher pricing with the higher target levels not a huge distance away. This is something that can only be monitored on the structure and formations of the market when it opens and settles, otherwise we will need to trade the immediate levels and take it how we see it as we usually do. Simple on this week, on open, look higher for the short trade, if we support below at the intra-day levels, it's a long, if we break, we correct the whole move! KOG’s bias for the week: Bullish above 2065 with targets above 2093, 2095 and above that 2120 Bearish on break of 2065 with targets below 2045 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
FX:XAUUSD
by KnightsofGold
2
XAU/USD Longs from 2020.000 up towards 2055.000My outlook for gold this week remains bullish. The robust response we witnessed from the daily demand zone two weeks ago has been a significant driver of the ongoing bullish momentum. I anticipate this trend to persist, and my strategy revolves around awaiting a minor retracement. I'm particularly eyeing a pullback towards the 6-hour demand zone, which emerged after the upside structural break. Within this zone, I've identified a refined 4-hour area, expecting it to be tested during a potential Wyckoff accumulation phase. Confluences for GOLD Buys are as follows: - Price recently responded strongly to a daily demand, prompting a shift in its upward trajectory. - A clear, untouched 6-hour demand zone emerged, causing the break in market structure and affirming the bullish trend. - Lots of liquidity still above in the form of asian highs and equal highs that need to be swept. - Market overall bias on the higher time frame is still very much bullish so this is pro trend. - Expect price to have a small retracement to mitigate a new demand to continue trend. - Candlestick anatomy shows that price has strong bullish momentum still left. P.S. Despite observing an Asian low below my Demand Point of Interest (POI), I anticipate it to remain intact, leading to another upward rally towards the supply zone around 2055.000. In this zone, I foresee a slight price decline, presenting an opportunity to potentially enter short positions.
OANDA:XAUUSDLong
by Hassan_fx
1
XAUUSD Bullish (11/26/2023 to 12/01/2023 prediction)Gold is bullish, from mostly the FED’s dovish stance and inflation reports from the week before last. We opened up this week around 2001 and had some large volume for Asian sessions pushing the price to 2018 before buyers took some profit. When writing this, the price is challenging the 2010 key level. We have a lot of news this week, and keep in mind we are closing out the month. We have New home sales, pending home sales, housing price index, FED speakers, core personal consumption and also the price index, GDP numbers, Opec meetings, initial jobless claims, personal income, personal spending, and finally, a slew of ISM manufacturing reports. Most of the reports’ consensus is putting the dollar in bear territory as consumer numbers are lower than previous and manufacturing numbers are in negative territory. My personal opinion is that most of these numbers will come out negative, the question is by how much? This confirms Gold bulls will have momentum building as the week goes on. If a report comes out as expected, I don’t see too much movement. If the reports come out super positive, that will indicate that the FED may not have inflation under control, it will indicate that the dollar is strong, so bulls will enjoy that, and it will indicate that the sentiment for a FED pivot next year may gain some steam even though the FED said they will keep rates higher for longer. If the FED hints at cuts during the speeches, that will indicate that the US economy is in serious trouble and the FED’s plan may not be on track as we assume. It is an eventful week where many trade opportunities may present themselves. The war tension is still in the air. Ukraine is begging for more handouts while the Russians sent another satellite into orbit. It is getting desperate for Ukraine, so it is only a matter of time before we may see some peace negotiations materialize. The Israel-Hamas war saw some great news over the weekend! We had a 4-day truce deal, which is meant to expire Monday the 27th of November, almost one month and three weeks since the triggering events of Oct 7. During the weekend, we saw 50 Israeli and 150 Palestinian captives released, which is a joy for all peace activists. We will see how long the truce lasts. As of right now, the biggest battle is with the diplomats and the media narrative. No new major movements on the Taiwan-China front. Trade idea 1: Price pulls back to 1997 before continuing bullish to 2020. (All news events stay negative) Trade idea 2: Price pulls back to 1988 before continuing bullish to 2020. (Some news events come out mixed) Trade idea 3: Price pulls back to 1970 before continuing bullish to 2020. (Some news events come out higher than expected)
FX:XAUUSDLong
by MrMunni
Gold 4hr TF Currently, the outlook for gold is positive, with a bullish trend. However, I anticipate a temporary pullback from 2045.26 - 2047.73. This presents an opportunity for me to consider buying positions before gold potentially reaches an all-time high. On the other hand, the US dollar has a bearish outlook, having broken and retested the channel. Furthermore, silver has broken and retested its channel and is currently on an upward trend. As expected, gold miners are also moving higher.
TVC:GOLDLong
by ChartStrategist
When the Dollar fall each time, Gold increases a few foldsMany got distracted when Gold was trading in a range the last few years. A question for you to ponder over: Will there be a situation where interest rates continue to rise and yet a lower Dollar? Why? Let me hear thoughts, I would love to exchange ideas with you. Included last two videos link below, I explained: i) Gold is still an inflation hedge ii) Gold it is also a currency hedge CME Micro Gold Futures Minimum fluctuation 0.1 = $1 1 = $10 10 = $100 100 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
ICEUS:DX1!Long
by konhow