Goldbuy
Gold daily analysis 02-03-2022Gold is able to breakout the strong resistance near 1926. So this is the support now.
Gold also tested the 78 % retracement level near 1950 and pulled back near 1935 which is 61 % level.
As of now gold is ranging between 1930-1950.
Gold is still bullish so go only for buy. The best level to buy is 1926.
However on daily chart the volume is falling from 4 days and price is increasing. So there will be a reversal soon. This may happen when gold tests the level near 1970.
So we can go for a short trade above 1950 for long term.
Scalp trade
Buy 1926-1936 TP 1950 SL 1920
Sell 1950-1960 TP 1928 SL 1980
XAUUSD BuyWe have a break of structure on a 15 minute chart. It came from the Order block we have marked. So, we can buy from there on retracement targeting the previous high which will be our take profit
Gold next move is ready are you ready for big ralley ?Gold next move is ready are you ready for big ralley ? i m expecting 1841 demand soon let's see. we will look at buy on-demand zone long term bullish we use confirmation at demand zone
GOLD-BUY strategyIt has been choppy and extreme reaching above $ 1,970 and then down to $ 1,889.
The move down likely due to Russian Central bank offloading for reserves purposes to support the RUB.
the crisis is still there, and I feel that the sharp decline offers opportunity to go LONG again.
Strategy BUY $ 1,885-1,890 for a move back to $ 1,953 for now being our profit order. I suggest placing stop-loss $ 1,848 (financial stop).
Gold BUYGold has been looking real bullish lately and further confirmation on a retest at current @1910.00 Level , we should be expecting real upward movement to either one of the marked levels @ 1926.86 , @1950.00 and @1960.00 as Take Profits before some retracement back to further the impulses on bigger timeframes.
Let me know in the comments what you think...
GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout.
As long as the price stays above ~173.80 we will have a confirmed breakout.
Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
XAUUSD - KOG REPORT!KOG Report:
In last weeks KOG Report we suggested caution on the markets as the structure had broken and the higher KOG targets were open. We were looking for support to hold around the 1850 and below that 1835 levels for the price to propel to the upside with our first target being 1872 and above that 1888. We gave a level of 1865-70 to look for resistance in the early part of the week which we said would represent an opportunity to short the market into the immediate support levels below. All in all the short gave traders over 300pips down and the long from support gave traders over 500pips to the upside into the KOG targets. During the course of the week, we updated traders with the weekly levels and analysis suggesting these higher levels will be achieved which they now have.
We’ve tried to keep it level to level thus far highlighting key regions to short the market and key regions to long the markets. We hope you’ve benefited from the analysis and ideas shared.
So what can we expect in the week ahead?
We’ll start by saying this is going to be a difficult week for retail traders as long as the threat of war is looming. Although technical levels are achieved its the volatility and aggressiveness of the movement that catches traders out. We can expect more of this whipsaw price action with the market reacting to news updates., so play this on the defensive for a the beginning of the week and control your lot sizes. Always have a risk strategy in place!
So we’re going to go a little further in depth today and plan for each scenario that we can see potential for.
Our plan:
Scenario 1:
Price opens with and targets the upside. We have Excalibur targets above which are sitting around the 1905 , 1912 and 1917 price regions. We will want to see how the price reacts at these levels and potentially target the short trade back down into the immediate support levels as illustrated on the chart. We feel the retracement after the movement can be a little deeper than what traders will expect so we will be looking for the 1880 level first, then 1870 and below that 1855.
Scenario 2:
The price ranges here for a day or so to bring its mean up. This scenario entails caution, as if it does this its likely we will see another push to the upside targeting the Excalibur levels and potentially beyond that into the 1920 and above that 1935-42 levels which is the top of the trend. The fractal shows that there is potential for a double top around the 1940-50 price point so lets keep this in mind while we’re trading over the next couple of weeks. If this scenario plays out we will be trading this level to level only using Excalibur targets above as our destinations.
Scenario 3:
Price opens, stays below the 1900 level, shows signs of reversal which and breaks below the 1880 level with a 4H close. This will be the first opportunity to short the market back down into immediate support regions 1870, 1865 and below that 1845. Based on these support levels holding we feel an opportunity to long the market back up to target that 1900 level and above would be reasonable.
Our personal thoughts are this move to the upside could be limited with the high being around the 1940-55 price region, if it gets there! We still have targets below which we want to see completed in the months ahead so we’re not convinced we’re going to all time highs at the moment. However, lets trade it as we see at and continue with our plans.
As we usually do we will update traders with the daily reviews and levels keeping them in the right way of the markets.
Below is the chart we've shared on a few occasions showing the targets we had open, it was also shared on the KOG report last week. You can see we have the open target above so please keep an eye on this!
Daily chart structure:
We’re sharing the daily chart which we have been using to show you the market structure. Within this chart are the daily trends, support and resistance levels as well as the key levels. We’re sharing this so traders can see the importance of charting on the higher time frames and how the levels shown can be used to gauge potential movement. Alongside this you can use the trading strategy that we have shared on TradingView and look for the breaks and closes of daily candles within the trend. Trends are powerful so always use what ever comes first, the trend line of the support and resistance level!
This chart shows there is still room to the upside, however, there is still a lot of room to the downside to create the higher low. What we’re looking for here is how the price reacts to the trend along with the resistance levels above. For those who use “W” and “M” patterns you can also see there is potentially a very large W pattern that on the break of the trend to the upside could complete at the ATH!!
Please do support this analysis with your likes and comments.
As always, trade safe.
KOG
GOLD: Buying A Pullback | 18-2-2022GOLD: Buying A Pullback
Price Action: There is no price action signal to note at this time.
Price exploded higher from the recent Inside Bar Pattern that had formed, earlier this week (We did not consider trading this pattern as it had formed just under the $1877 prior key resistance level. Also, given the large range of bars in this pattern, it would have been hard to manage risk-reward).
Price broke and closed above the $1877 prior key resistance area, overnight.
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower and after a clear price action buy signal, within the $1853 – $1877 short-term support area.
Potential Trade Idea 2: We are still considering buying on a retracement lower and after a clear price action buy signal, at or just above the $1805 – $1831 short-term support area.
Symmetrical TriangleWe can see the configuration of a symmetrical triangle on the price of gold. An upward breakout is currently underway, volumes have been decreasing during the formation of this symmetrical triangle. A sudden increase in volumes remains possible, given the current context and the rather hawkish monetary policies of central banks which could promote a panic in the markets (already on the edge) and therefore encourage investors to buy gold !
gold is for buy right nowAs we see in the chart there are a big breakthrough of the Vwap so it's the right time now to buy gold
XAUUSD (GOLD) - Analysis - (short term trade)
Hello Traders!
I believe we are still going to see a push to the downside from 1807-1809 area at least to 1787-1788 before we see any correction
I would just be very cautious when it comes to risk management as we have NFP today and price could prove to be very volatile.
Happy trading wishing you a great day ahead and happy weekend in advance
Please do not forget to like and follow for more ideas like this!
Note:
This is not financial advise, as trading entails high risk and is not suitable for everyone. These are to be used for educational purposes ONLY!
Many thanks,
ETGL Team 💛
GOLD still looking for buys (updates)Still hunting a better area for entry probably will wait to see if price can return to the support of 1790.
Gold in favorable condition against the dollarGold in a favorable position, unlike the dollar, is likely to make another uptrend after correction from this level to the set resistance level.
Gold: The never-ending triangleStill trading sideways within this big triangle. We expect a move of 15% in the breakout. Buy on the support line of the triangle or sell at the resistance level with a stop loss of 3%. Definitely, the upcoming interest rates hikes will shake futures contracts on Gold in the coming months.
Prices stuck in a long term compression ?Ichimoku PoV :
Prices are neutral, on a mid and long term vision. Stuck in their Daily and Weekly Clouds.
As first support, we can identeify the Weekly Kijun, at $1779.
Followed by another strong support which is the Monthly Kijun at $1763.
As a resistance, the Daily Kijun and flat Daily SSB are both a high level to break to give a first bullish signal and to go back to test the top of this compression.
This long term range will be interesting to follow during 2022 !
XAUUSD is just following trand linesAfter strong downside movement I expect gold to get back in the zone around 1828
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Long XAUUSD (gold)This image show the daily time frame but if you look at the 4hr. you would see that price respected this level of resistance.
-Price also formed a double top, which is a bearish candlestick pattern.
-the two statements of above illustrates 2 confirmations that price is ready to make a bearish move.
-I am expecting price to sell off creating a pullback.
-I think price will pullback between the fib 50.0-61.8 levels and ultimately respect the area of support (the orange line).
-When price reach this area I will look for price to create a bullish candlestick reversal pattern and enter a buy.
-If price pullback to that area, depending on how you view it, you may notice price create an Inverse head and shoulders on a smaller timeframe.
-also keep in mind the DXY is in a downtrend. Gold and the USD move in opposite directions.
-long XAUUSD (gold) and bearish DXY
Like, Follow, Comment! if you see something different feel free to post your analysis below.
XAUUSD (GOLD) 4H ChartGold regained sharply on the weak US dollar. The US dollar index lost more than 50 pips after US CPI data. The yearly inflation surged by 7%, the highest level since June 1982. Markets eye US PPI data today for further direction.
Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bullish (Negative for gold)
It is good to buy on dips around $1810
DISCLAIMER: ((trade based on your own decision ))
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GOLDGold has had bullish push, I believe we will see some relief before having a push towards $1850.000.
XAUUSD (GOLD) 4H Chart shortIf the break out cloud more bullish
Wait and watch cloud price action bull or bear
Gold regained above the $1800 level on the weak US dollar. Markets eye US Fed chairman testimony for further direction. The US dollar index is holding below 96 levels despite hawkish Fed and surging yields. The minor sell-off in US treasury yield supports the yellow metal at lower levels. Gold hits an intraday high of $1810and is currently trading around $1809.89.
