Strong level / best time to sell on correction from the level (all signals on real account )
The situation with gold (XAU/USD) is currently characterized by several key factors that affect its value. First, the gold price often reacts to changes in economic data and the political environment. The unpredictability of global financial markets, inflation, and changes in U.S. interest rates particularly affect the demand for gold as a safe haven.
Second, there has been a recent increase in interest from central banks in gold holdings as they seek to diversify their foreign exchange reserves. This could lead to additional demand for gold in global markets.
In addition, a strengthening US dollar usually has a negative impact on gold as it becomes more expensive for holders of other currencies. At the same time, geopolitical instability and conflict situations can contribute to the rise in prices for the precious metal as investors look for ways to protect their assets.
At the moment, volatility in XAU/USD quotes can be observed, which creates both risks and opportunities for traders. Technical analysis shows important support and resistance levels that can influence further price movement.
Goldsignals
XAU/USD : BIG Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price has once again reached the supply zone at $2523, and after reacting negatively to this level, it dropped as low as $2504! Now, the price has climbed back to the $2515 area, and with the NFP data set to be released in about 20 minutes, we must be cautious. If the NFP report exceeds the forecasted numbers, it will favor the dollar and hurt gold, potentially leading to a drop below $2500.
However, keep in mind what I mentioned over the past few days: since this is the sixth consecutive time that gold has reached this level, it might first break above $2532 to collect liquidity before the main drop occurs. So, be careful not to get stop-hunted and turned into liquidity!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
SL Triggered, NFP Incoming: Will Gold Push to New Highs?Yesterday, I took a stop loss, which is, of course, a normal part of trading.
What’s ironic, though, is that overall, I’m bullish on Gold. Even more ironic is the fact that in my Monday analysis, I mentioned that Gold would likely test the 2480 zone before continuing its upward trend.
I even spotted the 'double Pin Bar formation' at the bottom, yet I remained short.
Ultimately, my ego and the desire 'to be right'—thinking Gold would dip to the 2450 zone before reversing—got the best of me.
Anyway, let’s move on to today’s analysis...
As I mentioned earlier, after Gold fell into the significant support area around 2480 on Tuesday, the price bounced back to the upside. The following day, despite another wave of selling pressure, the price reversed again, leaving behind a 'Double Pin Bar' formation on the chart.
Yesterday, the price broke above the 2505-2507 zone, which also confirmed a short-term double bottom formation. At the time of this article’s publication, the price stands at 2518, and the entire structure we’ve discussed is highly bullish.
Looking ahead, as long as the 2505 level holds, the chances for a new all-time high are very strong. The measured target, should 2530 be breached, is 2590.
Currently, I’m 'out of the market,' awaiting the NFP data for further clarification. I will update my analysis accordingly once the data is released.
GOLD (XAUUSD): Important Decision Ahead
The release of the today's fundamentals is favorable for bulls in the Gold market.
The price is now testing the resistance cluster based on the current All Time High.
As always, our strategy is to wait for is bullish breakout.
A daily candle close above that will confirm a violation.
A bullish movement to 2550 will be expected then.
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TH KOG REPORT - NFP THE KOG REPORT – NFP
This is our view for NFP, 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 these events can cause aggressive swings in price.
Quick NFP report today as we’re most likely not going to be trading the event due to already having completed our targets for the week. We have plotted the key levels together with the immediate red boxes on the chart. We have key level support below at the 2500-2495 region and the bias as bullish above with potential price targets of 2530/2535 and on the break up into the 2550-55 region which is where we may stall and get a RIP.
Breaking below the 2500 region will entail patience as we would like to see how long we go before a setup presents itself. It’s going to be a risky NFP and extreme levels are important, forget about immediate SnR, this is irrelevant in this scenario.
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
XAU/USD : Another Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that after last night’s analysis, gold rose again to $2497 before experiencing a sharp decline down to $2471. After reaching this critical level, the price didn’t penetrate the liquidity pool below $2471 and instead rebounded to $2491 to fill the liquidity gap caused by the previous drop. As you can see on the chart, the initial reaction to this level has been negative, and we need to see if gold can stabilize below $2491 with the upcoming market news. If it does, we can expect further declines towards lower targets. The potential targets are $2481, $2471.7, and $2460.5, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSDHello Traders!
What are your thoughts on GOLD?
Gold is currently trading below a key resistance area. Upon reaching the support level around 2470, a corrective move to the upside is likely. This correction could provide a short-term buying opportunity, pushing gold towards higher levels. It is expected that this correction fails to break through the resistance area and downward trend will resume, and the price will move toward lower levels.
If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Xauusd buy confirm signal Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2485
Support 2505
Resistance 2470
Gold Analysis==>>Triple Top PatternGold could NOT make a new All-Time High (ATH) on the third attempt and started to fall again, forming a triple-top pattern .
Also, Regular Divergence (RD-) between Three Tops .
I expect Gold to break down to at least the Support line .
Note: My previous post about gold is still valid, and my stop loss (SL) was $2,530😎.
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 Analysis==>>Adam & Adam Double Top PatternGold failed to form a new All-Time High (ATH) at the beginning of the week.
Gold has successfully formed the Adam & Adam Double Top Pattern in the Potential Reversal Zone (PRZ)($2,539-$2,515) and breaking the Support lines .
Credit terms of Adam & Adam Double Top Pattern:
🔸The Adam & Adam Double Top Pattern has the most credibility among the Double Top Patterns after the Eve & Eve Double Top Pattern .
🔸 Regular Divergence(RD-) between two Tops.
🔸The slope of the second top is higher than the slope of the first top towards the Neckline .
I expect Gold to decline to at least the target of the double top pattern and attack the lower support line .
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.
this is my idea for gold tradersGold Futures Edge Lower on Profit-Taking as Market Awaits Fed Chair's Speech
Gold markets remain relatively calm for now, but this is expected to change as the week progresses with the release of the latest Federal Reserve minutes and Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday.
XAU/USD : Ready for SHORT ? By analyzing the #Gold chart on the 4-hour timeframe, we see that the price has returned to the supply zone of $2524 to $2529, and I expect further correction from this area. Note that the primary scenario is bearish, and if the price breaks above $2532, this scenario will be invalidated. If the decline starts from this zone, the potential targets are $2518, $2512, and $2500, respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Xauusd sell Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2502
Support 2480
Resistance 2515
Confirm signal
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
GOLD (XAUUSD): Consolidation Trading
I see a perfect horizontal range on Gold on an hourly time frame.
After a test of its support, a tiny cup and handle pattern was formed.
Bullish breakout of its neckline gives a perfect bullish confirmation.
We can expect growth to 2506 now.
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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our 4H chart idea playing out inline with our plans to buy dips.
Price is still playing between two weighted levels. We had the support target at 2492 hit and complete perfectly with no cross and lock below the level confirming the rejection and providing the bounce.
We currently have a gap open above at 2519 and will need ema5 cross and lock above 2519 to open the range above or a failure to test and break 2519 will see a re-test at 2492 and a further cross and lock below 2492 will open the range below.
We need to also keep in mind the 1H chart has an open gap below from ema5 lock and further movement down is possible but we also need to keep in mind the US holiday today will skew that data and will need tomorrows data to assess the range .
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
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
2519
EMA5 CROSS AND LOCK ABOVE 2519 WILL OPEN THE FOLLOWING BULLISH TARGET
2536
POTENTIALLY 2550
BEARISH TARGETS
2492 - DONE
EMA5 CROSS AND LOCK BELOW 2492 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2468
2438
EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE
SWING RANGE
2416 - 2389
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
XAUUSDHello Traders!
What are your thoughts on GOLD?
Gold has been trading within a defined range over the past two weeks, and it is expected to continue fluctuating within this range until the release of the U.S. Non-Farm Payrolls (NFP) data on Friday. Given the significant impact of NFP data on market direction, it is anticipated that gold will break out of this current range and experience a strong price movement following the data release.
If the NFP results exceed market expectations, we might see selling pressure on gold, potentially leading to a price decline. Conversely, if the data comes in weaker than expected, gold could attract safe-haven demand, triggering a bullish move.
If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
XAUUSD Our 2600 long-term Target is intact.It has been almost 2 months since our long-term buy signal on Gold (XAUUSD) where within the overall Channel Up, we called for the start of the new Bullish Leg (July 08, see chart below):
It is time to update this as the price is getting closer to our 2600 Target. A weekly pull-back within the Bullish Leg is to be expected and then final run to 2600 (could even be higher).
The symmetry inside the Channel Up has been remarkable and what's standing out has been the % pull-backs and waves of the smaller Channel Ups (Bullish Legs). As long as the 1D MA100 (red trend-line) held, the trend pushes for a Higher High. When it broke (closed a 1W candle below it), we had a long-term correction.
As a result, we stay committed to our 2600 Target and then will buy if the price pulls back near it but will take then loss and reverse to a sell if we get a 1W candle closing below it (and target the 1W MA50 (blue trend-line)).
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
INTRADAY ANALYSIS (SHORT TERM) Most technical indicators are suggesting a "Strong Sell" position. The Relative Strength Index (RSI), Stochastic Oscillator, MACD, and other indicators are all pointing towards a sell, indicating downward momentum for gold prices on an intraday basis
The moving averages across different time frames also show a "Sell" signal. Both simple and exponential moving averages over various periods (5, 10, 20, 50, 100, and 200-day) are suggesting a bearish trend, further supporting a downtrend for gold in the short term
Support and Resistance Levels: According to the pivot points, the key support levels for gold are around $2,526 to $2,532, while resistance levels are identified around $2,537 to $2,539. These levels could act as critical points where price action might either bounce back or break through
Given this data, gold is expected to face downward pressure throughout the day. However, keep an eye on the support levels as potential areas for reversal or a slowdown in the downtrend.
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would be looking for the high to confirm which worked well, to then short into the lower support levels which we got nearly to the pip. We then said we would long looking for price to attempt the ATH to finish off the week, this move completed half way. During the week, we said traders should look for an undercut low which was again achieved and gave us another opportunity to long back up. On Thursday we suggested traders protect trades and take a majority as price seemed to struggle at resistance. Fortunately, that was the perfect time as we then witnessed the attempt at rage low again which is where we closed.
A fantastic week on not only gold, but the numerous other pairs we trade hitting targets and completing another phenomenal month in Camelot.
So, what can we expect from the week ahead?
For this week we have to keep in mind we’re still in that range and price is accumulating. That entails these swings up and down as they’re simply gathering orders before a potential breakout. We have a US Holiday tomorrow so volume during that session should be low and on Friday we have NFP, so we can expect a lot of movement Tuesday into Thursday pre-event.
We’ve plotted the potential range we feel price may play but that’s based on it remaining below the 2515 region. Ideally, on open we would like to see this attempt the resistance level and fail, if that is confirmed, we feel an opportunity to short into the lower support levels are available with the initial level being 2480-85.
It’s these lower levels we want to monitor as the tap and bounces can come from below if reached taking this back up. We have to be mindful this week due to NFP which is likely to cause the whipsaw, and if they do want to attack that ATH again, we feel this is when it come.
Please keep an eye out for KOG’s bias of the day together with the red boxes we share. These have proved to help traders in stay the right side of the markets and work extremely well with the target levels we post across all the pairs we trade.
We’ll say this report is applicable until mid-week, we’ll then prepare for NFP.
KOG’s bias of the week:
Bearish below 2515 with target below 2485
Bullish on break of 2515 with target above 2540
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