XAUUSDHello traders ,what do you think about GOLD? Gold is still involved in the resistance of 2075, the overall trend is still upward, it is expected to correct at least up to the specified level; before climbing to higher targets.
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Goldtrading
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another PIPTASTIC day for us on the markets. Our chart idea played out perfectly once again hitting our Bullish target at 2071 and just short of the final target at 2086, after the ema5 lock confirmation of 2063.
As stated yesterday, we were expecting a re-test of 2063 and then a cross and lock to open the above targets. Once again our weighted level 2063 break and confirmation delivered the goods with plenty of time to get in for the move.
We will now need to see a test at 2086 and if we see a ema5 lock above 2086 we will see the range above open. Failure to test and break above 2086 will follow with a retest of the weighted support at 2071 or 2063.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2063 - DONE
EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET
2071 - DONE
2086 -
BEARISH TARGETS
2048
EMA5 CROSS AND LOCK BELOW 2048 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGETS
2040
2032
EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE
SWING RANGE
2019 - 2002
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!
GoldViewFX
XAUUSD TOP AUTHOR
THE KOG REPORTKOG REPORT:
In last week’s KOG Report we mentioned there will be a lot of ranging in the markets towards the end and beginning of 23/24 so to expect sudden bursts of volume. We saw just this last week in the markets across most of the pairs we’re trading. We suggested swing trading the market this time of year wouldn’t be part of our plan, and instead, if they held the levels we would stick with the bias and trade it level to level upside until we had completed our targets. We gave the higher target as 2068 with the bias as bullish above 2010, as you can see price moved well into the target region where as expected in Camelot, we got a reaction in price giving us an opportunity to short the market to end the week.
Another great week in Camelot, not only on Gold but also on the numerous other pairs we trade, analyse and post targets on.
So, what can we expect in the ahead?
We have intraday support now turned resistance sitting above 2060-65 which price may want to target on market open, and if held, an opportunity to short down into the order region could be on the cards. This order region is where we want to monitor price action and look for any Excalibur activations as well as red box confirmation. If supported, we feel an opportunity to long the market back up into the levels of 2070 and above that 2085 (for now) are available for those looking to long the lows. Please note, what we have to be careful of here is the extension of the move which can stretch produce a hunt on those going long down into the 2020-17 region, so let’s expect that for the week ahead.
On the flip, because of the extension of the move and if we get a break and hold below 2030 and then 2020, we’ll be looking to target the 2000-1995 region to close the year and trade it level to level on the downside.
Levels to watch:
Support – 2035 / 2030 / 2022 / 2020 / 2018 Key level
Resistance 2055 / 2060 / 2062 / 2065 key level
KOG’s Bias for the week:
Bullish above 2020 with targets above 2070
Bearish on break of 2020 with targets below 2010
Wishing you all a great Christmas and week ahead, once the markets open.
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 ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price sit between two weighted levels for a test and break on either Goldturn to confirm the next level.
A bearish test to support at 2048 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2063 Goldturn. A cross and lock above 2063 will open the range above.
Price is playing in a central range in this overall structure and likely to see big swings either way. We will be managing a tight risk model to be able to move move with the swings without over exposure.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2063
EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET
2071
2086
BEARISH TARGETS
2048
EMA5 CROSS AND LOCK BELOW 2048 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGETS
2040
2032
EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE
SWING RANGE
2019 - 2002
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!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
Currently we are seeing price play between 2044 and 2071 Goldturn. We would need to see a break and lock above and below either level to track price to the next range target.
We have support test open at 2044 Goldturn and also a bullish retest at 2071. We would need to see ema5 cross and lock below 2044 level to open the retracement range or support here will see 2071 Goldturn re-test and a further break and lock above that will open 2088.
We will look for each of the weighted levels to be broken with EMA5 to track the movement up or down in true level to level fashion.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2071
EMA5 CROSS AND LOCK ABOVE 2071 WILL OPEN THE FOLLOWING BULLISH TARGET
2088
BEARISH TARGETS
2044
EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
2022
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE SWING RANGE
SWING RANGE
1999
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!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone,
Please see our daily chart chart idea updated form last week. So far laying out perfectly and respecting levels within the channel.
Channel half line provided the support as suggested last week for our first bullish target hit at 2043. This followed with a candle break and close above 2043 providing the momentum for the break above this level, which fell just short of the channel top test on Friday.
- This played out perfectly!!
We now also have a gap to 2089 and will need to see ema5 lock above 2043 on this chart to solidify the axis gap.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months.
The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which last weeks price action provided on the channel bottom followed with our 2048 Axis target hit.
We now have a candle body close above 2048 axis level confirming further play within the channel. Ema5 cross and lock above 2048 axis will further confirm movement to challenge 2092 and the channel half-line.
We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
MR GOLD
XAUUSD: Bullish Cross on 4H inside the Channel Up.Gold has formed a 4H MA50/100 Bullish Cross, extending the rise of the bullish wave inside the Channel Up pattern. Naturally, the 1D technical outlook has turned bullish (RSI = 61.138, MACD = 13.480, ADX = 42.704) and the price can test the dashed HH trendline on a +6.45% rise like the November 28th High, which was the top before the highly distorted ATH of December 3rd. Our target is a bit lower on the R2 level (TP = 2,090).
See how our prior idea has worked:
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GOLD ROUTE MAP & TRADING PLAN COMPLETEHey Everyone,
Fantastic end to the week with our chart idea playing out perfectly all the way from the dip into 2018 followed with the failure to lock below the retracement range, which provided the bounce we were looking for all the way into each of our Bullish targets!!!!
Our last weighted level break and lock we were looking for was the break above 2046 level yesterday. This was broken and confirmed with the lock today opening 2060 and 2070, as per our chart idea. - Both targets were hit nice and clean and then finished off with the rejection for the perfect exit. We did it again!!!!!
BULLISH TARGETS
2033 - DONE
2046 - DONE
2060 - DONE
2071 - DONE
We will now come back Sunday with our multi timeframe analysis, route map and trading plans for the coming holiday week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
TH KOG REPORTKOG REPORT:
There was no KOG Report on Sunday, so we’ll go straight into the week ahead.
For the next few weeks, into early January we can expect there to be a lot of ranging and choppy price action due to it being the end of the year. Just like trading is not recommended the last days and first days of a month, it’s also the same for the last weeks of the year and the first couple of weeks in the New Year. So, if you are going to trade, please take it easy, reduce your lot sizes and make sure you have a risk model in place.
Now, for this week we’re going to keep it simple, we’re looking for a couple of scenarios on Gold and we’re going to take it really easy as we’re nearing the holiday period. We have a couple of levels in mind as key level support regions, which we feel price must stay above in order to go higher. The first intraday region of 2015-18 which is where price close on Friday is important, any stop hunt below this with extension into the 2010 level and no break, we feel will represent an opportunity to long back up into the 2030-35 region first, based on price action there we’ll decide whether to continue upside or not into 2050-55 and higher! Breaking said level and turning it into resistance, will flip the order region and based on that we could see price fall lower into the 1950’s before any reaction in price.
The ideal scenario for us here is for price to hold that 2030-35 region as resistance, and if we get a good set up there we feel an opportunity to short the market back down into the 2002-5 level initially is on the horizon and below that we’ll take it level to level with the target level shown on the illustration on the chart.
We feel the ideal long opportunity may come from lower down, unless they decide to take it straight up early part of the week, in which case we’ll trade it level to level upside following Excalibur. To be totally honest, not really worth taking any swing trades at this time of the year anyway..
KOG's bias for the week:
Bullish above 2010 with targets above 2055 and above that 2068
Bearish on break of 2010 with targets below 1995 and below that 1976
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 ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Chart playing out perfectly giving another great opportunity to buy dips inline with our plans to buy from support into the bullish retest target at 2046.
Price continued to play between the range leaving a opening below 2033 with range open to 2018 and then locked back up above 2033 confirming the push up to 2046, allowing us to safely buy the dip once again to catch the ride up.
We would now need to wait for ema5 to catch up and challenge the 2046 level for a cross and lock. A confirmed break and lock will open our target to 2060. We need to now manage exposure wisely, as the range below is also open and therefore can expect swings both ways.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046 - DONE
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Quick update on our route map for today.
As stated yesterday, that we were likely to see a bounce between the range until the next weighted level breaks and locks allowing us to track and trade the movement level to level.
- This played out, as we saw price bounce between 2033 and 2046. We are seeing ema5 maintaining the range within and failing to cross either level.
We will now be waiting patiently to confirm the next break and then continue to track the movement down and catch the bounces up.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046 - DONE
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another great day on the markets for us with our chart idea playing out perfectly in true level to level fashion!!!
Yesterday we stated that we needed to see 2033 cross and lock to open 2046. We got the lock confirmation today and then the perfect finish by hitting 2046 completing our target and with plenty of time to get in for the movement..
We will now need to see 2046 weighted level cross and lock to open the range above or a failure to cross will see a rejection into support, as are seeing now. We are likely to see a bounce between the range until the next weighted level break and lock allowing us to track and trade the movement level to level.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046 - DONE
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Intraday Technical Outlook 🥇
After a confirmed breakout of an intraday horizontal demand cluster,
Gold started to recover steadily within an expanding wedge pattern.
We saw a strong rejection from the broken area.
Our next bearish signal will be a bearish breakout of the support of the wedge
with a 4H candle close below that.
It will push the market at least 2010 level.
If you haven't shorted yet, patiently wait for a breakout.
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GOLD (XAUUSD): Bearish Outlook Explained 🏅
Gold nicely respected a horizontal daily supply area.
The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.
I believe that the price may drop lower next week.
Next supports: 2010 / 2000
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