XAU/USD 08 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook.
Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS since weekly analysis dated 07 April 2024 where price continues to print all time highs.
Price is once again trading within internal low and fractal high.
First structural sign, but not confirmation that pullback is about to initiate is a bearish CHoCH, which is positioned at the same level as the internal low.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
Goldtradingsetup
THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report, what can we said during the early part of the week we wouldn’t be looking to long the market, instead, we would look for a high to form and then short the market back down in to 2230 and below that 2220. We got the short into the initial levels which is where we suggested during the week that traders take the trades and wait for a RIP. We gave the bias level targets as bullish above 2220 and long trades to be take into 2250 and above that 2286 on the bounces, which as you can completed. Then came NFP and the long trade from the support level, again giving us a great capture enabling us to have traded this down and then up again level to level almost pip to pip entry and exit.
Please be aware, these levels are not small captures, you only need to look at the chart posted to see the distance that has been covered in this play.
Great week for us in Camelot, not only on Gold, but on the numerous other pairs we trade. Hit rate was amazing, pip capture through the roof!
So, what can we expect in the week ahead?
Quick and simple KOG Report this week. Caution again on going long too high up as any movement like we’ve seen in the opposite direction will not give you time to manage your trades. Keep your lot sizes in check and make sure you're risk model is up to scratch. This is no normal market, we're in unprecedented times and markets reacting in extremes!
For this week, we’re looking at a potential stretch on gold so please be careful! These levels are to be tested, but one more little move to the upside to get the ideal entry would be perfect for us. So, we have the initial resistance right here on the close 2230-35, if held there is an opportunity to short the market back down into support regions 2310-05 which is where we want to see what happens and look for a potential RIP. A break here is what is needed for the price to continue downside, otherwise one more swing higher into the order region 2345-50 could be available which is where the ideal short may come from! Longs higher up are risky as the turn can be sudden and will leave traders left hanging a region where data is lacking, so caution please unless you’re scalping for quick captures from the intra-day levels we posts as well as the red boxes.
Use the levels on the chart and use the intra-day levels, don't marry the trade, don't marry the position. When you trade like this, it doesn't matter where the market goes, you trade it, take what it gives and come back again when your set up is right.
It’s really as simple as that this week, price goes up into our levels, we want to test the shorts, comes down we’ll either test the longs, or wait for the potential stretch and then short it from higher up.
KOGs bias for the week:
Bearish below 2350 with targets below 2310 and below that 2280
Bullish again on break of 2350 with targets above 2365 and above that 2372
Range in play – Support 2255 / Resistance 2372
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: 3/4 Today Analysis and StrategyGold continued its gains on Wednesday and then began to fall after reaching 2288. Traders snapped up safe-haven assets amid rising tensions in the Middle East. Largely ignored, a stronger U.S. dollar and bets on U.S. interest rate cuts have sent gold prices to another record high.
Data released on Monday showed that U.S. manufacturing activity expanded in March for the first time in a year and a half, and the dollar jumped in response. After the data was released, traders saw the probability of a rate cut in June falling to 58% from around 60% previously. However, speeches by Fed officials and a mild slowdown in employment data on Tuesday pushed expectations for a rate cut by the Fed in June back up slightly to around 64%.
Gold continues to break historical records after news of an Israeli airstrike on the Iranian embassy in Syria was released. Investors seeking a safe haven as geopolitical risks intensified rushed to pursue gold. At the same time, gold prices have risen 14% since mid-February this year on signs that a much-anticipated U.S. Federal Reserve policy shift is nowhere in sight. This week, investors will focus on the U.S. non-farm payrolls (NFP) data for March, which will be released on Friday. Labor market data could provide clues as to when the Federal Reserve will begin cutting interest rates.
Daily resistance is 2300, support below is 2229
Four-hour resistance is 2290, support below is 2270-46
Gold operation suggestions: Yesterday, the gold price received support at the 2250 mark and ushered in a strong effort to break the all-time high. The short-term support is 2070-60 below. The dividing line between long and short is currently around 2246 below. Pay attention to the situation of breaking new highs and 2300 above.
BUY:2267~2270
BUY:2260~2255
BUY:2246~2250
SELL: near 2290
SELL:near 2230
XAU/USD 08-12 April 2024 Weekly AnalysisWeekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Weekly Chart:
Daily Analysis:
Analysis/Bias remains unchanged since last daily analysis dated 20/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook.
Price has printed further highs since last Friday's analysis dated 5 April 2024 where we continue to trade within a fractal high and internal low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
XAUUSD (GOLD) Analysis I Pullback and more growthWelcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Extension Bull Fibs on Gold show 2250 Target In ReachGold: 60 Minute, Fibonacci . . . I have much better bearing as to where and why this market is moving. All Month of March we have been trading an extension at the 38.2% line. We hit it's target on March 20th. Extension rules generally mean we trade the same anchor to new highs to get the retracement. We traded the retracement on March 23-24 and have been going up ever since. The objective for this new anchor is still higher, 2254.30.
XAU/USD 05 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook.
Price has printed further highs since yesterday's highs (04-04-2024) where we continue to trade within a fractal high and internal low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS where it continues to print all time highs.
Price is trading within internal low and fractal high.
First structural sign, but not confirmation that pullback has initiated is a bearish CHoCH, which is denoted by a blue dotted line.
Yesterday's intraday expectation was met again.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
THE KOG REPORT - NFP (Are we going higher?)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.
We’ve done well on Gold so this NFP we’re really not looking for get involved in the play unless we see price approach extreme levels! We’ve managed a long, we’ve managed a short but with this move, it’s likely we’re going to see some stop loss hunt activations and swings in both directions, so please play defence.
We have the immediate resistance levels above 2305-8 which if targeted and held would be the first reaction point we can see on the chart, that’s if the support level 2270-65 manages to hold up the price on the release. Ideally, we want to see that level above break higher and tap into that extreme level above 2230-37 which is where, if we see a decent set up and clean reversal, we feel the opportunity to short the market will come from.
On the flip, looking below, again the support level 2270-65 could be the swoop, and if broken, we will be looking to hold any runners from above down into the 2230-35 region and below that 2220-25 as per the KOG Report on Sunday where, if price is held, supported and we see a clean set up, we feel an opportunity to long the market again is on the cards.
It’s a simple one this time, not going to risk getting into the market for cheap pips with the way they have been behaving lately. Look for the extreme levels or stay away and come back on Monday. Remember, the trade comes after the event!
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: Possible Downtrend to continue till $2180! Gold created a record HH and it is very likely price is likely to remain extremely bullish in upcoming days. Now, in our price can drop around 2180$ a perfect time for correction to occur, if price do not respect our entry and make it invalid then it would be tough to find a accurate entry to either buy or sell.
Get in on the Gold Rally as China and India Horde Supply!As many of you may know, China and India have been hoarding gold supply, causing a surge in demand and driving up prices. This is a clear sign that now is the perfect time to invest in gold and take advantage of this rally!
Gold has always been a safe haven asset, especially during times of economic uncertainty. With the global economy facing challenges from the ongoing pandemic and geopolitical tensions, gold is a smart investment choice to protect your wealth and diversify your portfolio.
So, don't miss out on this golden opportunity to capitalize on the current gold rally. Take action now and invest in gold to secure your financial future.
Let's ride the wave of this gold rally together and see our investments grow!
XAU/USD 04 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low.
Further new high has meant location of ChoCH has been brought closer to current price.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS where it continues to print all time highs.
Price is now contained within bullish internal structure after confirmation of bearish ChoCH.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
It would be useful to note previous iBOS and bearish CHoCH which eventually lead to a further bullish iBOS as opposed to pullback initiation. This is primarily why the CHoCH should not be used as confirmation, rather weak indication.
Yesterday's intraday expectation was met.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
Above 2260, gold will continue its bullish patternDear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the expansion of the situation in the Middle East and the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have made up for the rise, boosting the upward trend of gold.
Judging from the current gold trend pattern, gold breaks through new highs each time, then pulls back to determine support, and then climbs upward again to set a new high. In other words, during the rise, it is accompanied by a correction of sweeping space. However, according to the current trend,gold remains on a strong upward trend.
For current trading, due to the irrational market, technical analysis is lagging behind, and market sense and flexibility have become the most important. At present, for gold, I think there are profit opportunities for long gold or short gold. The key is to grasp the trading rhythm. First, the current short-term support is located in the 2268-2266 area, and secondly, it is located in the 2260-2258 area. Therefore, in short-term trading, we can do long gold in batches around these two areas. The top currently reaches the highest level near 2288, and is facing psychological pressure at the 2300 integer mark. Therefore, in the short term, we can short gold in batches in the 2290-2300 area and make mid- and long-term plans.
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
XAU/USD 03 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low.
further new high has meant location of ChoCH has been brought closer to current price.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS where it continues to print all time highs.
Price is now contained within bullish internal structure after confirmation of bearish ChoCH.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ (which price is currently doing) of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
XAUUSD: 2/4 Enter Gold Analysis and StrategyThe price of gold fell back on Monday. Earlier, as the market's expectations for the Federal Reserve's interest rate cut in June increased after the PCE data last Friday, gold once refreshed its all-time high to 2265, but then the price of gold gave back part of the gains. On the one hand, bulls took profits. On the other hand, the U.S. ISM only returned above the 50 mark after a year and a half of PMI data. Market expectations for an interest rate cut in June fell again, and the U.S. dollar and bond yields rose, causing spot gold to narrow its late gains to 0.8%. , closing at $2,251
Gold prices continue to climb this week. Gold cash hit an intraday high of $2,265, a record high. It is expected that under multiple factors such as the slow global de-inflation process, global central bank gold purchase demand will remain strong in the long term, which will also form strong support for the gold price center.
In the short term, the U.S. dollar index is still biased towards strength in the short term, while the gold price has risen too much in the short term. We need to beware of the risk of a short-term shock correction in gold prices. On this trading day, you need to pay attention to the monthly rate of U.S. factory orders and February JOLTs job vacancies in the U.S., pay attention to the speeches of New York Fed President Williams, Cleveland Fed President Mester, and San Francisco Fed President Daley, and pay attention to the market's expectations for the Federal Reserve to cut interest rates. Changes in the performance of the U.S. dollar and U.S. bond yields will also affect the short-term gold price trend.
Daily resistance is 2270, support below is 2200
Four-hour resistance is 2265, support below is 2217-2222
Yesterday, the technical side of gold rose first and then fell. The opening of the Asian market opened with a rapid rise based on the 2243 line. Later, it accelerated and broke through the 2265 mark and then fell back under pressure. It fell into a volatile consolidation. The US market pulled back for a second time and came under pressure at the 2257 mark, and then fell back and hit the downward trend. Crossing the 2240 mark and reaching around 2228, the overall price stepped back at the 2230 mark for a second time to test the effective support. In the short term, this position will become a watershed between bulls and bears. The daily level stabilizes above 2230 and continues to maintain the bullish strong rhythm.
Judging from the daily analysis, the lower support today is still focused on the 2222-35 area, and the upper pressure is focused on the 2260-65 area that opened yesterday.
SELL: 2265~2270
BUY:2222~2217
BUY:2235~2240
Technical analysis only provides trading direction!
Contact Jiesse for trading support
Profited 17K from short gold, and continue to short goldToday’s gold trading situation is as follows:
1.Xauusd: @2256-2258 Sell, SL:2266, profit and loss: -4000
2.Xauusd: @2263-2265 Sell, TP:2255 Profit and loss: +5532
3.Xauusd: @2273-2275 Sell, TP:2255 Profit and loss: +7184
4.Xauusd: @2276-2278 Sell, TP:2255 Profit and loss: +8520
In gold trading today, although one of them touched SL: 2266 resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold trading. If you follow my trading strategy, I believe you will also make very good profits.
At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become a phased peak. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2270-2280 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow.
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
The price of gold is about to continue its phased decline,
Gold in the Asian market rose again to the 2060 level, which is similar to my expectations. The current digestion period of the news is almost over, and intraday trading is mainly selling at high levels. 2060-2057 is a good position.
There is currently no significant news boosting the market, which is not conducive to gold's rise. In terms of trend, the gold price rise is weak, so focus on it during the day. Can the positions of 2255-2254, 22482247, and 2240-2241 be stabilized smoothly? If not, you can mainly sell at high levels.
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XAU/USD 02 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs where we continue to trade within a fractal high and internal low.
New high has meant location of ChoCH has been brought closer to current price.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS printing all time highs.
Price is now contained within internal structure after confirmation of bearish ChoCH.
As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario is price to continue bullish and keep printing all time highs! This now seems less probable as price has made an attempt to close to above but has failed to do so.
M15 Chart:
Short gold first, then plan to go long goldDear friends, gold has repeatedly broken new highs and hit the 2265 line. At present, gold still maintains a strong unilateral upward trend. However, as far as current trading is concerned, I do not advocate continuing to cash long gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a callback to repair indicators.
So I have clearly informed everyone that we can try to short gold in the 2163-2165 area in small batches (the specific content of the trading signals is in the channel at the bottom of the article). First try to seize the profits of the short-term correction of gold. After the correction of gold is in place,we will still follow the gold trend and be long gold. In this way, we can grasp the profits of both long and short sides,
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold next move? check analysis 📣Hello Mates!
We have seen that gold is continuously bullish and its momentum is not going down, so now we think that gold has gone as high as it was supposed to go, maybe it can go up a little more to 2255 or 2265.
May then continue to go down and meet our targets of 2223 and 2190.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2266.00
📉 And our support levels are set at:
- 2223.00
- 2190.00
Stay tuned for further updates and trade smartly! 📊
Break down of our 700 pip trade.Below, we explain why and how we entered the market. On the 30-minute timeframe, we identified an engulfing candle, marking it as a Point of Interest (POI). With a refined risk of just 1 pip, we patiently awaited price to retrace to this level, anticipating a high probability bounce to the upside..
We observed the price returning to our Point of Interest (POI), meeting perfectly with a 4-hour candle and rebounding as anticipated from the engulfing candle. Our target is now set at the previous high, where we plan to take profit 1. As the trade unfolded, a 4-hour trend emerged and was honored before propelling towards our target and surpassing it. This straightforward technique serves as a method to mitigate risks while aiming for substantial rewards, offering a valuable approach for your trading endeavors.
Golds next signals to watch.We are now in the premium price of gold and at all new highs. With no history levels to go off or much structure in there's new zones this is what we have to look for next week. Remember due to world events, oil tentions, high interest rates and more. GOLD is long term bullish. Ideally your looking for best buy opportunities. Gold is approaching the top of its current uptrend channel. We looking currently at the 2246 area once trading begins again Sunday. Sells should be seen from here. Or looking at the 15 min time frame. After a clean break and retest of the level 2216.86. Seen below
The next best buy opportunity and strong poi, would be at our next order block and fair value gap. This area homes our pervious 2200 resistance that Should turn support now we have finally closed above this level. Along with a 4 hr tend line in this area to. A break and retest of this trend line would indicate Sales down to 2156 also a demand area.