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XAUUSD - KOG REPORT - NFP!This is our view for NFP today, 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 can cause aggressive swings in price. We’ll start by saying this isn’t really something we want to get involved in, with all the news in the markets, the backtracking of the feds Powell and on top of that uncertainty and fear in the markets, we will sit this one out unless we get the levels we’re looking for. We have two targets on Gold at the moment, the 1980-85 level and the level which seems way down below now which is around 1880-85. We’ve market the key levels on the chart with what we feel is the range and what we feel could be the movement for NFP based on the technical aspects of the chart, not the numbers! We’re expecting DXY to tap out slightly above where it is now and then start a potential decline which if correlations allow will give Gold a small dip and then potentially push it up to test that recent high. So as always, we’ll look at this with two scenarios in mind: Scenario 1: The price dips to the immediate support or, pushes up straight away. We will wait for the higher key levels 1963-5 and above that 1980, where if we see resistance we feel it would represent an opportunity to test the short trade back into the levels of 1950, 1930 and below that 1920. Scenario 2: The price drops from here, we will wait for the lower support levels of 1920 for a reaction, breaking this level we have our target below at 1880-85, that’s where we feel would be an opportunity to test the long trade back up into the levels of 1930 as the first destination. We would like to see how the price reacts at the key levels as we’re expecting both our targets to get hit, either the higher first, then the lower. Or, the lower first then the higher. New traders, sit this one out. The trade will come, let them push the price to where they want to grab liquidity from, exhaust and then potentially take a position. Control your lots sizes, this isn’t the market condition to be trying to get rich quick and always, always have a risk strategy in place. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
Gold Analysis Daily TFAs the Ukraine and Russia situation escalates, the volatility within the markets continue. Last week gold rallied and broke through multiple levels of resistance but was followed by a strong rejection and eventually a close below a key level of resistance. As always, what goes up must come down and that is exactly the case with gold. I don't think Gold will continue bearish for too long though. I believe price is just correcting itself after that strong bullish run and the market is trying to find stability. Keep in mind that tomorrow is the last day of the month and the monthly candle will be closing. I see Gold continuing its bearish momentum to retest 1870.15 or possibly 1850, where it will form support or reject, before continuing the bullish trend. I am anticipating for tonight to continue the bullish retracement to form the next daily candle's wick, and then for price to continue bearish. Throughout the early parts of the week I think Gold will be bearish and then by the end of the week it will form support to prepare for a bullish run next week, unless some sort of news comes out to cause volatility once again. We will see during market open. As of now I see Gold bearish in the short term, but bullish long term. 1. Price has recently broken out of the range to retest a previous high and rejected 2. Price did create a higher high, but the close of the candle was back into this range 3. There is high probability that the next daily candle can continue the bearish momentum and potentially form support along 1870.150 4. If support if formed here after a bullish candle has printed, price can definitely continue bullish to retest the highs that were created.
OANDA:XAUUSD
by dreadhead4_life
Gold Price Analysis: Market is waiting to test 1830 again. Gold has been making a solid comeback in the past week, and today it reached above $1800 for the first time since the first week of September. This bit long-awaited move finally came after weeks of impressive gains made following Wednesday's upsurge, which saw gold preserved its bullish momentum. That is an important milestone that XAU/USD has reached above the $1800 price zone. The reason behind such good fortunes? Falling U.S. Treasury bond yields seem to be fueling these advances with their recent poor performance weighing heavily upon USD prices. N.F.P. came super negative, Market sentiment helping the gold price to up as well. Though yesterday C.P.I. printed positive today, PPI fades away. Last week before N.F.P., most U.S. economic reports came positive, but the USD outperformed against the gold. The dollar Index falls below 93.80, nearly ten days lows; as a result, investors are seeking haven assets like Precious Metals. So, recent fundamental and market sentiment is helping the gold price to rise. Technical View: In one of my previous articles, I mentioned that breaking above 1865 may open the door for the 1830/1835 price zone. It seems that the gold market is heading to the 1830/1835 price zone. From the present price zone, immediate resistance is showing at the 1807/1810 price zone. But keep in mind, every round figure play as a support and resistance. SO, 1800 price may play as minor resistance. So, breaking above 1800, next target 1807/1810 price zone. After 1810 gold price may be headed to the 1830/1835 price zone. 1830/1835 price zone is a strong resistance zone and profit-taking zone. So, we may see a significant correction from the 1830/1835 price zone. On the other hand, the gold price rose nearly 450+ pips since yesterday. So, it may be correct to lower if we see Retail Sales and Core retails print positive tomorrow. But I think it has less chance. But usually, it is showing overbought in R.S.I. SO, it may be correct too. As long as gold's price holds above 1780, an uptrend channel's support. We should not go for short. Instead, gold may go up again after testing the 1780/1785 price zone. In case if we see gold price breaks below rising trendline support. We will go for short, and the next target should be the 1750 price zone. And finally, breaking below 1750, the last target to the downside is the 1720/1725 price zone.
TVC:GOLDLong
by Gold_Trading_Expert
1
XAUUSD - KOG REPORT - NFP!This is our view for NFP today, 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 can cause aggressive swings in price. We’re going to start with what we mentioned in the KOG report on Sunday where we said we would be looking for support during the course of the week and then for the price to push up towards the higher resistance levels where we would be looking to short the market. During the course of the week we hope you can see we’ve kept members in the right way of the market even though our bias is bearish on Gold. So lets look at what the market has done in preparation for NFP. As we’ve said they will swoop the low for liquidity before bringing it back up towards the 1810-12 level and settle the price for the release. This has all happened this week! Now looking at the chart we can see we’re settling above previous supply which would suggest the price can target the higher resistance levels. The KOG report suggest the 1808-12 level for the first short 1820 and the 1824-7 level for the next attempt at the short trade. For NFP we’ll give you two scenarios. Scenario 1: If the price comes down to hit the 1804-6 support level and finds support this could represent a good opportunity to long the market in to the immediate resistance levels above of 1816, 1820-22 and above that 1827-32. Please note, if there is no support at the mentioned level its likely we will continue down testing and potentially breaking the 1797-5 support region. A strong resistance at the levels above however could be an opportunity to short the market back down into the lower support regions and potentially lower. We have a KOG target of 1770 which we wanted to see achieved this week but we’re not holding out for it, especially during an event like NFP! Level to level trading please. Scenario 2: If the price pushes down from here we will be looking at the lower support regions of 1777 and below that 1770. We’re not interested in the 1797-5 level as support anymore and would rather miss the opportunity to long the market at that levels. We feel the lower support regions will represent a good opportunity to long the market but only into the immediate resistance level above which would be 1785 and above the 1795-7. Hope this helps members. Even with our bearish view on Gold we’ve managed to keep you in the right direction as always, taking shorts and longs this week into the levels and targets we’ve mentioned. We would like to see how this NFP plays out and where the market closes today to confirm our view for the rest of the month of February. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
15
GoldViewFX - RANGE MANAGEMENT SETUPHey All, We will post our usual analysis for the week on our weekly GoldView report shortly before market opens. This is a quick post using historical ranges using range HIGH and range LOWs to create support and resistance trading zones and the range of the potential swing in the trading zone. Its really important, as a trader to identify the potential reversal in order to manage the reversal on your equity and exposure without making rational cuts too early or hold a reversal, when the swing range is too big for your exposure. Every trade entered; 8 out of 10 times it reverses, we need to work this into our trading psychology in order to make room for this in our risk management and make sure the potential swing falls within our risk appetite. We have highlighted the zones to BUY and SELL with the central zone for take profit, which is inline with the ranges consolidation area allowing any swings and momentum based movement to come back to this range for consolidation, providing a safe zone to take exits before you find yourself trading against the range and outside of the SWING RANGE. If you find yourself trading against the range, it should only be within the swing range, which provides more confidence in coming back into direction then stretching out your equity, with no plan or a range management map. We hope you find the range management map useful for the current range and it helps you to see a clearer picture of what the price is doing. Remember nobody can tell you what the market will do or predict the movement 100%. The best anyone can do is use historical data to have a better idea and speculation of what the price may potentially do, based on what it did before and how it reacted to similar market dynamics before. Please don't forget to like, comment and follow to support us, we really appreciate the likes and it helps us to bring more content to you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
XAUUSD - KOG REPORT!In last weeks KOG Report we suggested we would stay bearish on the market as long as the price stayed below the 1824-7 price level but we would be trading with our 1833 KOG target in mind. We said we would be looking at another attempt on the lows and that 1812-08 region support could be an opportunity to then take the long to target the higher resistance levels. We suggested we would like to test the short trade from the resistance levels but due to the change in structure we updated during the week that we would be targeting higher levels instead. This bullish move also completed our 1833 KOG target which we had been looking at for the last few weeks in our KOG reports. So what can we expect in the week ahead? We’ll start by saying, yes, we’re still playing bearish on this only taking long trades into the resistance levels. Until we break and hold above that 1855-65 price region we will remain with this view. The benefit of level to level trading is you can target both long and short trades with your bias being on getting the right entry to hold for your direction, which in our case is short. We are however expecting more bullish movement on Gold this week potentially targeting that higher resistance level which we had stated and planned for on our post about “Trading the Range”. Please read this report is you haven’t already as we have updated it last week. We’re hoping for the price to use the lower support regions as a base to settle before a push up during the week into the higher resistance levels of 1845, 1855-60. We have a KOG target both above and below, so we’re hoping the higher on gets completed first and then the price declines to target the lower one. Our plan for the week: We will be looking for a potential test on the 1840-45 resistance level during the early sessions where we feel the price may face resistance. Depending on this level holding we may test the short trade but only into the immediate support levels below of 1835, 1830 and below that 1827. The 1827-24 price region is where we’re hoping the price will find support which if it holds, we want to test the long trade for that higher price level of 1845, 1850-55 and above that 1860. These higher resistance levels are where we will be waiting to take our positions for the short trades back down in to the lower support levels that start at 1810 and below. That higher region of resistance is the last opportunity for bears to hold their ground and we feel that is where they’re waiting for the bulls to take the price. Breaking above that higher level with change our stance on Gold and we will turn bullish on this. Until then we’ll be in and out level to level making the most of the range. We have FOMC this week so please trade carefully, unless this gets priced in which is very possible there is going to be a lot of choppy price action and aggressive swings in the markets this week. We will update you with our plans and analysis throughout the week as we have been. Wishing you a successful weeks trading ahead. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
GoldViewFX updated LEVELS and TARGETS$$We had a great start to the week and our analysis played out perfectly!! Price supported well at the bottom of this Goldturn channel and now heading towards the top end of the channel 1826 and above. There are some strong Goldturn resistance levels on the way up, however we will be observing how EMA5 crosses these levels to secure the next level. GOLDTURN RESISTANCE 1826 1833 1846 GOLDTURN SUPPORT 1820 1814 1805 1800 1795 1788 We are looking for some retracement down to 1805 and need this area to be supported, as the support levels are rising and helping price find support earlier, each time we climb up this Goldturn channel. Our followers will notice we draw our channels using Goldturns and not many do this. Its been very unique to us and the results speak for themselves. Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
Simple analysis - Potential BIG tradeSometimes we need to make the chart as simple as possible to understand the market direction. I only use one minor trendline and one support line in this analysis. So far, the price has already breakout and closed below the "red" line, a pretty strong indication that the market potential will be falling deeper to retest the 1760s neckline. Tomorrow Fed Chair Powell will testify, and also we all waiting for the high-impact US data to give us more clues about the next direction of the gold price. Catalyst: - Fed Chair Powell Testifies - CPI - PPI - Sales data - Unemployment - Bonds auction Invalidation: - This analysis fails if the price breakout and close above the "red" line
OANDA:XAUUSDShort
by GoldCartel
2
Gold is still in an uptrend as long as above the $1760Gold's bullish mode is still in control as long as gold price holds above $1760, from the present rate near $1,793/1795, a vital resistance zone. The risk-off mood driven by the U.S.U.S. dollar retreat is aiding their bounce for gold prices. However, it would seem unlikely that we can expect further upside amid recent strength seen with Treasury yields and indices across Europe, but it needs to break above $1793/1795 first. In addition, optimism surrounding the new Omicron covid variant combined with China's latest support measures bode well financially and economically. Because it should spark growth even more so, which will lead us towards stability sooner rather than later. The latest U.S. Unit Labor Cost data will be a crucial indicator for gold this month. Of course, the covid updates and yield price action have been influencing its value recently, but now it's time to see what impact these events can make regarding labor costs as well. Technically still in uptrend though gold price broke below the long-term channel support last week, the U.S. negative labor market report helped gold bounce back above the trendline support. From the present rate, strong support identifies at the $1760 zone. Breaking below $1760, we may see another gold rally to the downside. Therefore, our 1st target to the downside is the $1725/1720 price zone, and the final target is the $1680/1685 price zone. On the other hand, breaking above $1793/1795 will open the door for the more strong uptrend. Usually, after mid of December, gold often rises till March. If gold price breaks above $1795, our 1st target to the upside is $1810/1815 price zone, next target $1830/1835 price zone, and final target $1870/1875 price zone. If you think this analysis will help you, let's like, comment and share.
TVC:GOLDLong
by Gold_Trading_Expert
4
GOLDVIEW BULL TARGETS OPENWe have drawn our support and resistance levels using our gold turns. We can see areas of support for retracements, which we will look to add to our longs and close and shorts. We are looking for these levels to be tested with EMA5 for further confirmation. We already have advanced signals confirming these moves from last week. We are now breaking down these levels and identifying areas of retracements for entries and exits. 1868 has been broken with our EMA5 and confirmed with candle body close confirming 1878. We keep saying this and we stick by it, a simple trading strategy applied consistently with some strong money and risk management is what you need to make consistent wins. DO NOT OVER COMPLICATE IT! Please do give us a like, comment and follow, to support our work. GoldView
OANDA:XAUUSDLong
by Goldviewfx
GOLD retest and bounce to the upside!! (AN UPDATE POST NFP NEWS)1. As expected in my previous analysis, we were expecting a clean BO to the upside. because what drives the market like this? that's right, major news like NFP does. 2. Previous higher time frame candles closed were very bullish. that gives us conviction to go long on this pair. 3. NFP news was bad for the USD 4. Price established a good support at 1807 area in the previous day. 5. I'd also like to point out on the previous day, price wasn't able to continue the momentum to the upside indicating that big guys were waiting for the news and it's typical for the gold to react this way a day before NFP. 6. With this, I'm expecting the price to drive higher past 1830 level.
FX:XAUUSDLong
by JuanCrlsTrades
10
GOLDAs we can see, price fell this past week because of an order block (which was signaled by the manipulation that occurred at around 1830). Price then brokedown and came back to retest the Order block zone, giving us confirmation and an opportunity to open a position. An order block has been formed again on the M15 and I'll be waiting for price to retest the Order Block zone (at least the 0.5) before going long to give me a RR of 1: 13... Im open to any movement though. I respond to price not predict it. *Disclaimer* This is not financial advice. Forex trading is very risky. Trade at your own risk. #Trade_Like_A_Magnate
OANDA:XAUUSDLong
by Magnatrio
3
XAUUSDAccording to Gold daily chart the bearish trend has been started a few days ago which has retraced about 23.6% of the bearish move. It is also dealing with its 20 moving average and if Gold could break this MA the Price would move down to 1848.33 which might be the first support . If Gold would break this support level the bearish trend continues and next Moving Average which is 200 will be another support level for it. According to the previous bearish trend which happened to Gold another support level for cold would be about 1764.60. . Therefore the Stop Loss in this Short position could be somewhere around the previous top which is about 1951.87 . Please share your ideas in the comments
FOREXCOM:XAUUSD
by Marjansadeghian
1
XAU LONG, TARGETS 1950-2000+, CUP AND HANDLE PATTERNHello, I wanted to do a technical analysis on gold from my point of view. After creating a double bottom at previous support and going up, now price sits at downtrend line. Formed the cup part of the chart pattern, now from here we can see a small pullback to 1850 area (this is where I would buy gold or long it as can seen on my chart) to form handle part, and start a bullish rally upwards, to first strong resistance at 1950 (which is also the handle length target). According to cup and handle pattern, then it should reach to 2000 afterwards. TA is very bullish, and fundementally gold prices are expected to go up too, in my opinion. Good luck, follow me for more setups and cheers.
FOREXCOM:XAUUSDLong
by baris3