Tariffs and Their Influence on GoldWe observed how gold has pivoted upward so precisely each time tariffs were applied since the start of the trade war in 2018.
Before the trade war, gold remained stagnant within this range. However, with the onset of the trade war, everything changed for gold.
We will conduct a case study since 2018, analyzing how gold has reacted to each significant tariff imposed.
With the latest proposed tariffs on Canada and Mexico, what could be the potential trend for gold, and how should it be managed above the current level?
Gold Futures & Options
Ticker: GC
Minimum fluctuation:
0.10 per troy ounce = $10.00
Micro Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 er troy ounce = $1.00
1Ounce Gold Futures
Ticker: 1OZ
Minimum fluctuation:
0.25 per troy ounce = $0.25
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Goldtradingstrategy
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
It wasn't quite exact, however, we managed to get the move down that we wanted for the short, stopped at our Red box support which was active, got the bounce, got a lovely long, then the short from the region we wanted....what an end to the day. We've completed our bias level targets for the day and the target of 2828 which we gave traders nearly two weeks ago and yesterday in the KOG Report.
A choppy opening with gaps across the markets, but Excalibur and the indicators were not threatened at all.
So, now we have the support level below 2807-10 and the resistance region 2830-5 region. We would like to see a retest of this new high so if we do pullback into the support level and hold, it's likely we will see a new all time high again in the sessions to come.
Can we long? Not recommended up here unless we get back down into 2775 regions. Otherwise, keep an eye on the levels above, looks like a curveball is on its way!
KOG’s Bias for the week:
Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755.
Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835
RED BOXES:
Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834 in extension of the move
Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move
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 Short Trade for swing tradersThe market is reaching an all-time high every day. According to the analysis, we should see a good corrective move in the coming days.
From our previous analysis, we gained almost 200 pips from 2830 to 2808. Now, we are planning a swing sell trade with a 1-5 risk-reward ratio; if this trade fails, we will plan the next swing trade with a 1-8 risk-reward ratio.
you are all kindly requested to follow proper risk management to follow these analyses and execute the provided trades.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out perfectly, as analysed.
We started with our bearish target at 2794 hit followed with cross and lock opening 2778, which was also hit. No further cross and lock below 2778 confirmed the rejection for the bounce from the weighted level. This bounce completed our Bullish target above 2807 and then a further cross and clock confirming 2819, which was also hit. True level to level action with confirmations!!
We will now look for a cross and lock above 2819 for a continuation or a failure to lock above will see Goldturns below tested for support.
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
2807 - DONE
EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET
2819 - DONE
EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET
2832
EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET
2845
BEARISH TARGETS
2794 - DONE
EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET
2778 - DONE
EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET
2764
EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE
2753 - 2739
EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE
SWING RANGE
2722 - 2707
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
THE KOG REPORT THE KOG REPORT
In last week’s KOG Report we said we would be looking for the deeper pull back from the open and then hunt the long trades into the levels we published as our bias and red box targets. We managed to get the short early part of the week into the level we wanted 2730-35 giving us the long trade and a phenomenal pip capture.
We then published the FOMC KOG REPORT and stated a similar scenario, only this time expecting price to give us an undercut low before then resuming the move into all time highs. Price didn’t capture the liquidity from below enabling traders to keep positions from below and then carry trades up completing every target level down and up for the week!
A fantastic week in Camelot and for those who followed, not only on Gold but all the other pairs we trade and analyse, completing 28 targets during and high volatility and demanding week. Well done to the team!
So, what can we expect in the week ahead?
We’re looking for two potential moves this week to start with. Ideally, we want to see the market open, test that high around the 2810-7 region and see a rejection there. If we can get that RIP there we feel the move downside can commence firstly into the 2775 region and below that 2755-60. That’s the level for us to watch for a potential long trade back up but we’ll treat it level to level unless the 2890-95 region is broken.
Our target level of 2828 is still active, however, we would again like to see a deeper pull back before attempting that long trade as we’re too high and It’s too dangerous up here.
On the flip, if we break above that 2810 level and can hold above it, we’ll be looking to complete our target level and based on a clean set up, a potential swing short for the bigger capture may come from up there.
Crucial level here is 2790 which has been circled on the chart, it’s likely they will use this level as a key level for this week.
KOG’s Bias for the week:
Bearish below 2810 with targets below 2795, 2775 and below that 2755.
Bullish on break of 2810 with targets above 2820, 2824, 2828 and above that 2835
RED BOXES:
Break of 2810 for 2815, 2818, 2828, 2830 and 2834 in extension of the move
Break of 2790 for 2785, 2877, 2765 and 2755 in extension of the move
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 WEEKLY TRADING PLAN & GOLD 1H CHART ROUTE MAPHello everyone,
View our most recent one-hour chart levels and goals for the upcoming week.
With a gap above at 2807 and a gap below at 2794, we are witnessing price movement between two weighted levels. To find the next range, we must watch for the ema5 to cross and lock on either weighted level.
Until one of the weighted levels breaks and locks to confirm direction for the next range, we will test levels side by side.
When making purchases from dips, we shall bear the aforementioned in mind. We will be able to trace the movement down and then catch bounces up thanks to our upgraded levels and weighted levels.
Taking 30 to 40 pip drops, we will keep buying dips using our support levels. Each of our level structures, as previously said, provides 20 to 40 pip bounces, which is plenty for a pleasant entry and exit. You may examine how well the levels we released each week for the previous 24 months were used to trade with or against short- and mid-term swings and trends by backtesting them.
The following bearish target, 2778, will be opened by an EMA5 cross and lock below 2794.
The following bearish target, 2764, will be opened by an EMA5 cross and lock below 2778.
The recovery range of 2753–2739 will open when the EMA5 cross and lock below 2764
The swing rage will be opened by an EMA5 cross and a lock below 2739.
RANGE OF SWINGS 2722–2707
Gold Market Forecast: Next Week’s Trading Setup & Key Price ZoneGold continues to dominate the headlines, trading near all-time highs above $2,800 as market participants grow risk-averse. The White House’s confirmation of 25% tariffs on Canada and Mexico set to take effect on February 1 has sent ripples through the market, adding to the uncertainty.
On the macroeconomic front, December’s Core PCE Price Index—the Fed’s preferred inflation gauge—came in as expected, surpassing November’s numbers. This follows soft Q4 GDP figures and the Federal Reserve’s latest monetary policy meeting, where officials signalled that inflation risks remain tilted to the upside—strengthening the US Dollar and keeping traders on edge.
📉 So, where is Gold headed next? Will we see a breakout to fresh highs, or is a pullback on the horizon?
In this video, I break down my thought process on Gold’s next potential move and how I’m positioning myself for the upcoming trading week. 🚀
📌 Let me know your thoughts in the comments! Do you see Gold continuing its rally, or is a correction due?
#GoldPrice #XAUUSD #GoldAnalysis #GoldForecast #TradingGold #ForexTrading #Commodities #MarketAnalysis #GoldBreakout
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Gold Bullish Run: Targeting $2,900 - Time to Ride the Wave! 📈 Gold Analysis: Bullish Setup
🟢 Current Price: 2,607
🎯 Take Profit 1: 2,635
🎯 Take Profit 2: 2,680
🎯 Take Profit 3: 2,790
🎯 Take Profit 4: 2,900
🔹 Stop Loss: 2,524
📈 Why This Trade?:
Gold continues to trade within a bullish channel, having broken above 2,144 back in March. With higher highs and higher lows consistently forming, the trend remains strong.
The stop loss is positioned below both the 50MA and recent lows at 2,524, allowing for market fluctuations while keeping risk under control.
⚠️ Risk Management Reminder:
Although the bullish trend remains intact, trends can change quickly. Always apply proper risk management and ensure you’re not over-leveraging. A drop below 2,524 would signal a potential shift in the market, invalidating this setup.
Stay tuned for updates! 🚀
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2807 and a gap below at 2794. We will need to see ema5 cross and lock on either weighted level to determine the next 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
2807
EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET
2819
EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET
2832
EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET
2845
BEARISH TARGETS
2794
EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET
2778
EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET
2764
EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE
2753 - 2739
EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE
SWING RANGE
2722 - 2707
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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 and price play between two weighted levels with a gap above at 2800 and a gap below at 2772. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next 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
2800
EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET
2826
EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET
2852
BEARISH TARGETS
2772
EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE
2744 - 2712
EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE
SWING RANGE
2685 - 2655
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
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range and how we have been hitting targets after targets.
Previously we stated that we have a candle body close above 2686 opening 2760 and we now also had ema5 lock to further confirm this gap, which was hit perfectly completing this target and allowing plenty of time after the confirmation to get in for the action.
We then had a candle body close above 2760 with a gap above at 2797, which was hit last week completing this target.
2797 has left no further candle body close and therefore we may see some rejection here. We will now look for a body close above this level to confirm a continuation or we will see lower Goldturns tested for support to establish long term range. We have now also updated the retracement and swing range on this chart.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our monthly chart idea for our long term/range analysis.
Previous month in December we stated that the month started with a detachment to ema5 below for a correction, which was highlighted with a small mini circle on the chart for visual purpose.
- This detachment to ema5 was completed perfectly.
We also stated last month in December that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce.
- This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702.
We then stated that we had two days for month end and will need a body close above 2702 for confirmation for a further continuation or a body close below 2589 to confirm the channel top test below. We also stated that if price closes this month in this range without the body closes, then we are likely to see play between this range for another month with not much detachment on the next monthly candle to ema5, which means the likely dynamic support should be provided by ema5 from the beginning of the month.
- This played out perfectly in January as the the ema5 provided the dynamic support right from the start, which followed with a nice push up. We now also have a candle body close above 2702 leaving a gap to 2825 Axis our long term target that we have been tracking over the months.
We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend.
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
GOLD ROUTE MAP UPDATEHey Everyone,
What an amazing finish to the week smashing all our chart ideas across all our multi timeframe analysis.
After completing all our targets yesterday; we stated that we now needed to see ema5 lock above 2797 for a continuation into 2808. This was hit perfectly today completing all our targets for a perfect finish to the week.
BULLISH TARGET
2778 - DONE
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787 - DONE
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797 - DONE
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808 - DONE
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE
SWING RANGE
2707 - 2697
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC day on the chart smashing all our targets, just like we analysed.
We started the week completing our bearish targets into the retracement range for support. We then highlighted the weighted level rejection bounce for the push up into our Bullish targets, clearing 2778, followed with ema5 lock opening 2787, which was hit perfectly. We then finished off with our final lock above 2787 opening 2797, now complete!!! True level to level action!!!
Now we need to see ema5 lock above 2797 for a continuation or failure to lock will follow with a rejection into Goldlturns below to find support. We are now siting in a new range and will need some play here to establish a blueprint to re-engage.
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
2778 - DONE
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787 - DONE
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797 - DONE
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE
SWING RANGE
2707 - 2697
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
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our levels were respected allowing us to buy dips inline with our plans.
After completing a nice bull run yesterday we got a break above 2757 opening the range above, which gave over 90 pips and just fell short of the gap that remains on our radar.
We saw a rejection onto our weighted level below 2746, which gave a clean bounce like we always state on our charts ideas.
We are now seeing price play into the retracement range, where we expect a reaction for support. A break below the retracement range will open the swing range. Failure to break will see price retest the Goldturns above once again.
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
2778
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE
SWING RANGE
2707 - 2697
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
THE KOG REPORT - FOMCTHE KOG REPORT – FOMC
This is our view for FOMC, 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.
Ok team, a simple one for this FOMC as we're expecting a bit of a curveball which is going to make it difficult to hold trades. For that reason, we have plotted the extreme key levels on the charts, anything intra-day and immediate support and resistance has been removed as it’s simply irrelevant if we see aggressive volume.
We have the level below which is also the order region 2730-40, a spike there with rejection can give this the momentum it needs to break upside and attack that 2800 level which is ideally what we want to see if they’re going to attempt it. We’ll be waiting higher however for them to complete the move and confirm a reversal, only then will we want to attempt the short trade back down using the red boxes.
Below the order region is the key level 2710-03, a push down there with a confirmed rejection and reversal, we’ll decide on whether to long or not back up using the red boxes level to level. We’ve done well on the KOG Report, we’ve shorted, we’ve longed and we’ve closed nicely on the bias level targets this week. We’re suggesting our traders take it easy, instil some patience and discipline, wait for them to take the price to where they want, then hunt the trade.
RED BOXES:
Break above 2762 for 2775, 2782, 2790 and 2810 in extension of the move
Break below 2740 for 2730, 2720, 2710 and 2698 in extension of the move
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 DAILY CHART ANALYSIS MID/LONG TERM UPDATEHello Everyone,
Here’s the latest update on the GOLD daily chart we’ve been monitoring and trading. Below is a comprehensive breakdown of the current range we’ve been tracking.
Previously, we identified a significant resistance level at 2790, highlighting it as a potential reversal point. At the time, we recommended holding off on trades due to the likelihood of a reversal. We also mentioned that if EMA5 crossed and held above the ENTRY LEVEL at 2744, it would signal a buy opportunity with a target at TP1 (2807).
Friday NY Session Update: After the daily chart correction, EMA5 crossed the ENTRY LEVEL at 2744, with the price reaching 2785 before pulling back due to the strong resistance level.
This week began with a notable bounce on Monday, with FVG providing solid support between 2720-2740. This support could pave the way for another attempt to break above the resistance level. However, confirmation will depend on EMA5 holding above or below the ENTRY LEVEL at 2744.
Key Updates:
Bullish Targets:
TP1: 2807
TP2: 2870
TP3: 2933
If EMA5 hold and stays above ENTRY LEVEL at 2744, the next target is 2807.
If EMA5 crosses and locks above TP1 (2807), it will open the path to TP2 (2870).
If EMA5 crosses and locks above TP2 (2870), it will further open the path to TP3 (2933).
Bearish Targets:
TP1: 2689
TP2: 2629
TP3: 2560
If EMA5 crosses and locks below 2744, it will open the path to 2689.
If EMA5 crosses and locks below 2689, the next target will be 2629.
If EMA5 crosses and locks below 2629, it will lead to 2560.
Short-Term Strategy:
We will use smaller timeframes (1H and 4H charts) to buy dips at weighted levels, aiming for clean 30-40 pips per trade. Ranging markets are ideal for this strategy, avoiding longer holds that risk being caught in volatile swings.
Long-Term Bias:
Our long-term outlook remains Bullish, and we view drops as opportunities to buy dips, using our predefined levels and setups on smaller timeframes.
The QUANTUM Trading Mastery
GOLD ROUTE MAP UPDATEHey Everyone,
Once again another great day on the charts with our analysis playing out, as analysed.
Yesterday after completing each of the bearish gaps 2768, 2757 and 2746 confirmed with cross and lock, we stated that we now have a lock below 2746 opening 2732.
- This was hit perfectly today followed with no further lock confirming the rejection and the bounce into the Goldlturns above, inline with our plans to buy dips, just like we stated yesterday. This allowed us to catch the move up.
We are now seeing 2757 being tested and will need ema5 cross and lock above 2757 to open the range above. Failure to lock above will follow with a rejection and drop to test the lower Goldlturns again.
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
2778
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE
SWING RANGE
2707 - 2697
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