Gold sellGold is in a sell trend and making lower lows as Dollar price is gaining power gold will fall as predicted as gold has broke its support level on 1850-48 price level and having a retest of broken support level on H1 time frame the confluance for trade is H1 support break with volume candle and 200EMA is above the price level which indicates that gold will fall
Goldtrade
At Important supporting levels#GOLD... Further we have downside 2 areas for now .
1845 and 1841
Immediate supporting levels.
Keep in mind tomorrow is first working day of the week, month and quarter.
And these 2 areas will play key role
If market clear that area then next will be 1814 on table
Good luck
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
KOG REPORT:KOG REPORT:
In last week’s KOG Report, we were expecting an aggressive week on the markets and that’s exactly what we got. Our ideal scenario on gold was for price to find support, push to the upside, grab the higher pool, and then make the drop into the first level 1908 where we expected a bounce, which didn’t arise, and then into our level 1890 which was achieved and surpassed. In all honesty, the first half of the move, until the level l was broken was missed by us, instead, we had to switch to the red box strategy and follow KOG’s daily bias to get in with the move from immediate resistance levels. Our last bias target was 1863, which again was achieved but that’s where we stopped for the week, only looking then for price to find some form of support.
It was a decent week overall, with numerous gold targets activating short and guiding us down on Gold, and further targets completing on many of the other pairs we trade in Camelot.
So, what can we expect in the week ahead?
The only targets we have remaining now are even further down on Gold, but we will start the week by monitoring the price action down here, only looking for support levels to go long at the moment. We can potentially expect some consolidation early session but we’re too low here to even consider shorting the market unless we get a retracement on price. We’re looking at the support levels below 1845-40 which if held, we feel would represent an opportunity to long the market back up initially into the 1865 level and above that 1875-80. Now, 1880-90 is an important level if targeted, this is where if broken, we can attempt to go higher. If not, rejection here forms the last leg of the structure and that’s the potential level for lower pricing in gold, initially 1830-35 and below that 1810-15.
As above, we’re too low to attempt shorting the market, so if it continues down, be patient and let it go, it’s not worth getting stuck down here in short trades just in case we start a recovery from the open. So, even though we’ve been short bias, for this week at least, we’ll only be looking for long trades from key levels, unless we get the move to the upside into that higher resistance level, where again we will attempt to short the market again.
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
XAUUSD Top-down analysisHello 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 Week 39 (25/09/23 to 29/09/23)Hi Traders,
What a week for the Gold traders was. Let us look how it went.
Monday
We open at1925. Sideways during the asian session open. Tested the supply area near to the London session. Created a support area at 1920. Tested again the supply area before start making the first BOS downwards of the week. Sideways till close.
Tuesday
Open at 1915. Had a supply area in that range. Price continue to drop slowly breaking a previous week key level support 1913. Reacted at 1909, testing the supply during London Open. From the Supply, It made a break of Structure to the downside. Closing at the 1899 range.
Wednesday
Open sideways. Ranging between 1899 and 1904. 1904 is a SBR area. (Support Become Resistance). Sellers continues to break more key levels and structures. Price closes at 1872 area. What a move.
Thursday
Sideways all the way till we are near the US Session open. Created a supply zone. Sellers continue to control. It went down close 220 pips in a single market session. Closing the day at the 1867 area.
Friday
Buyers attempted to take control. First Demand area appear for the week. Bullish movement starts before London session. Retested the 1879 supply area which is also a SBR key level area. Before killing all buyers making a 300 pips drop. Only to close the week at 1846.
This is a clear picture for us to learn. The Trend was really your true friend if you had respected it.
Thank you. Like and Follow me. Have a good weekend.
🚨🥇Gold🥇 will continue to Fall🚨✅Gold managed to break the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and support line yesterday by Bearish Marubozu Candle .
🌊According to Elliott Wave theory , Gold is completing the Double Three Correction(WXY) .
🌊Currently, Gold is on the way to complete microwave C of the main wave Y after breaking the 🟢 Support zone($1,904.260-$1,886.49) 🟢.
🔔I expect Gold to fall to the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and the support line to the 🟡 Price Reversal Zone(PRZ) 🟡 after the pullback.
Gold Analyze ( XAUUSD ), Daily 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.
Again Gold Sell Target? check idea Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857.
After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful.
Gold will go back between 1875 and 1878, or back between 1885 and 1888, after which our next target is 1855.
If you like our analysis, then you can boost our posts. You can leave a comment in the comment section.
Good luck and best wishes to everyone.
Being long on gold has already made good profitsYesterday, gold fell to a low of around 1858, and then gold began to rebound. Gold is currently trading around 1871. Yesterday I published two articles in a row to remind everyone that the time to go long gold has come, and I have already started to go long gold.
I currently hold long gold trading orders in the 1875-1858 area in batches, and I have not closed the order so far. Although gold has fallen back, I firmly believe that the 1873 position is not the highest point of gold’s rebound. Today, Friday, I think gold will continue to rebound next week, so I will continue to hold the long gold position I currently hold. By next week, I believe that by next week, I will definitely make a very handsome profit.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Support turn into resistance 1867#GOLD.. well guys now market support 1867 is turn into resistance,
Keep close that area for now it will be your key level in tomorrow.
Any further selling only possible below that area in hour chart.
Keep close it and manage your positions accordingly.
Trade wisely
Good luck
Correlation of Gold and DFII5(Inverse) Gold and 5-year inflation-indexed bond interest rates, which have been in full correlation since approximately 2006, broke this correlation as of 2022.
Bond interest rates, which were around -1.8 at the beginning of 2022, increased to 2 by the end of 2022. During this period, if gold had followed the interest rates without breaking the correlation, it would have fallen to $830, that is, it would have lost 58% of its value. But this did not happen and gold fell to $1640, losing 17% in value.
Subsequently, the interest rate decreased from 2 to around 1.15, causing the gold to rise by around 22%, above $2000 again.
Finally, as the interest rate increased from 1.15 to the current level of 2.42 since last March, gold fell to $1865, recording a 7% decrease.
Based on this analysis, we can conclude:
1/Gold and 5-year inflation-indexed bond interest rates are fully correlated under normal market conditions. When bond yields rise, gold falls; When interest rates fall, gold rises. These rises and falls occur at nearly the same rate under normal market conditions.
Since 2022, when the correlation was broken, every increase in interest rates has only reduced gold by 1/6. However, on the contrary, the decrease in interest rates continued to increase gold at the same rate.
Therefore, although gold is suppressed against the changing and hardening monetary policy of the USA, its decline is not as deep as it should be. Therefore, we can say that gold is a solid investment tool in this process.
In light of this information, I think that in a scenario where the markets settle down and interest rates reach 0, gold will easily break its previous peaks and reach extraordinarily high levels.
It’s time to go long goldAt present, gold has fallen to around 1858. I think friends who are short gold should have made a lot of profits. But as far as the current trend is concerned, I do not recommend that you continue to short gold. Instead, now is the time to consider going long gold.
This round of gold decline has actually exceeded my expectations, but I think the lowest point of this round of decline is almost around 1850. So I predict that gold will resume its rebound soon. At present, everyone can do long gold in batches in the 1860-1850 area, and then wait patiently for gold to rebound. Friends who are already long in gold, don’t worry about this. I think you will make very good profits within the next week at the latest.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
I've started going long goldAt present, gold has fallen to around 1958. I think friends who are short gold should have made a lot of profits. But as far as the current trend is concerned, I do not recommend that you continue to short gold. Instead, now is the time to consider going long gold.
This round of gold decline has actually exceeded my expectations, but I think the lowest point of this round of decline is almost around 1950. So I predict that gold will resume its rebound soon. At present, everyone can do long gold in batches in the 1960-1950 area, and then wait patiently for gold to rebound. Friends who are already long in gold, don’t worry about this. I think you will make very good profits within the next week at the latest.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Gold pullback idea, will it rebound to 1920? Hello traders, previously, I had recommended selling Gold at the 1940-1950
level. As expected, Gold fell heavily after FOMCH which I already predicted.
📌Currently, the price of Gold is around 1875 level.
📌Yesterday, the bearish impulse was so strong that buying Gold looks very
risky now.
📌That being said, a pullback to 1900 or 1920 can not be ruled out. If the level
at 1870-1875 holds and multiple bullish candlesticks form at this level, then we
can consider buy Gold with a tight SL and TP at 1900, 1920.
XAUUSD: 28/9 Today’s Trading StrategyOn September 28, the gold market started to fluctuate. It will take some time to digest the large movements yesterday. Gold is currently trading at around 1876. The price of gold fell again on Wednesday and fell for the third consecutive trading day. It fell below 1880 for the first time since March 13. The intensity has further increased. Although it has fallen beyond the lower track, there is a certain demand for a technical recovery. However, the indicators in the attached picture still show no signs of weakening short positions, which implies that there is still room and strength to continue to decline in the market outlook. The trend will rely on the lower Bollinger Bands or the resistance of the 5-day moving average for high-altitude entry, waiting for the weekly target to be reached. The current high of 1950 has clearly peaked. This impact has led to a negative decline in 1947, laying the foundation for the Air Force's downward trend. The Federal Reserve's interest rate hike expectations are even more hawkish, and the fundamentals are overwhelming the bulls. The daily line also surges higher and then retreats, and the volume continues to decline, and the MA5-MA10 moving average crosses over. The weekly line is also repeatedly under pressure at the Bollinger Track and enters a volatile downward stage.
Yesterday, the technical side of gold opened and saw the day's high of 1903. The line continued to come under pressure and fluctuated downwards. The European market further accelerated downwards and penetrated 1890 and continued to weaken. The US market accelerated downwards and penetrated the 1880 integer mark and continued to fall back to 1872. Weak closing, the daily K-line fell back and broke the bottom, and the overall price hit a new low for the year. It can be seen that the rebound was very little, and there was no chance for a rebound. The golden four-hour line continued to have a negative line downwards, and the last two days have all closed with a negative line. , directly breaks through the support level, from 1910 to 1900 and then to 1890, each support level is passed directly in one step. This is the strength of the short position, and trading with the trend is inevitable.
So for today's operation, just take advantage of the trend and go short. We will not consider long orders for the time being. If the upper limit touches near 1882, we will directly go short. The stop loss is still 7 US dollars, and the target is 1865.