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 3032 and a gap below at 3015. 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
3032
EMA5 CROSS AND LOCK ABOVE 3032 WILL OPEN THE FOLLOWING BULLISH TARGET
3050
EMA5 CROSS AND LOCK ABOVE 3050 WILL OPEN THE FOLLOWING BULLISH TARGET
3065
EMA5 CROSS AND LOCK ABOVE 3065 WILL OPEN THE FOLLOWING BULLISH TARGET
3080
EMA5 CROSS AND LOCK ABOVE 3080 WILL OPEN THE FOLLOWING BULLISH TARGET
3097
BEARISH TARGETS
3015
EMA5 CROSS AND LOCK BELOW 3015 WILL OPEN THE FOLLOWING BEARISH TARGET
2999
EMA5 CROSS AND LOCK BELOW 2999 WILL OPEN THE FOLLOWING BEARISH TARGET
2978
EMA5 CROSS AND LOCK BELOW 2978 WILL OPEN THE SWING RANGE
SWING RANGE
2950 - 2927
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
Goldtradingstrategy
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 price play between two weighted levels with a gap above at 3045 and a gap below at 3018. 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
3045
EMA5 CROSS AND LOCK ABOVE 3045 WILL OPEN THE FOLLOWING BULLISH TARGET
3067
EMA5 CROSS AND LOCK ABOVE 3067 WILL OPEN THE FOLLOWING BULLISH TARGET
3089
EMA5 CROSS AND LOCK ABOVE 3089 WILL OPEN THE FOLLOWING BULLISH TARGET
3114
BEARISH TARGETS
3018
EMA5 CROSS AND LOCK BELOW 3018 WILL OPEN THE FOLLOWING BEARISH TARGET
2985
EMA5 CROSS AND LOCK BELOW 2985 WILL OPEN THE SWING RANGE
SWING RANGE
2947 - 2918
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,
This is an update on our daily chart idea that we are now tracking for a while now. If you have only started following us, please read the updates below at the bottom from previous weeks to see how effectively we have been tracking this.
Last week we completed target to the channel top and stated that if we see ema5 lock outside the channel then we will look for support outside the channel on the channel top for a continuation.
- This played out perfectly with ema5 cross outside of the channel top and then the channel top provided support for a continuation. We are now seeing no candle body close or ema5 lock above 3052 confirming the rejection and expect to see play between 3007 and 3052 to break and confirm our next range.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
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 from rejections, 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
LAST WEEK UPDATE
The half line of our unique channel gave the perfect bounce into the next axis target at 2904, inline with our plans to buy dips just like we stated. We now have a body close once again with ema5 cross and lock above 2904 leaving the range above open. We will continue to look for support at the ascending half-line of the channel, as we climb into the range.
PREVIOUS WEEKS UPDATE
After completing our Bullish targets we stated that the channel top will act as resistance confirmed with ema5 rejection. A break of the channel top with ema5 would confirm a continuation and failure would confirm rejection. This allowed us to identify true breakouts against fake outs.
We also stated that we need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips.
- Once again this played out perfectly as we got the rejection on the channel top followed with the channel half line test, which gave the perfect bounce like we stated. We will now either look for a continuation from this bounce or a cross and lock below the half line for a break into the lower channel floor.
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
After tracking and completing our last weekly chart successfully we have now updated a new weekly chart idea to track our long term range and targets.
We are currently seeing a candle break above the channel half-line and will need ema5 to co=follow to confirm the break out for a continuation above.
However, we have a detachment to ema5 lagging also potentially due for a correction. The play range on the weekly chart is 2943 below and 3094 above. We will look for ema5 lock or body close above or below to confirm the next mid to long term range.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
The Bear Awakens: A Perfectly Executed Short on Gold📍Over the past few days, I’ve consistently emphasized that the bear is on the verge of fully awakening, warmly inviting everyone to watch it dance. Today, gold has indeed pulled back to the 3000 level as anticipated, making our short position from the 3035-3045 range a resounding success!
📍Since gold has tested the 3000 level for the first time, a second test is highly likely. Therefore, the primary trading strategy remains focused on selling gold on rebounds. The head-and-shoulders formation continues to exert significant pressure, making a sustained breakout to the upside unlikely in the near term.
📍With this in mind, the resistance zone can be adjusted lower to 3025-3035. If gold fails to break through this region during its rebound, further downside movement is expected. In that case, gold will likely retest the 3000 level and could potentially breach it, extending losses towards the 2995-2985 range.
🔎Trade Idea:
Xauusd: Sell at 3025-3035
TP:3005-2995
SL:Adjust according to risk tolerance.
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
The bearish trend will continue📍Since the day before yesterday, I've been sincerely inviting everyone to watch the bear dance.Gold has decisively broken below the recent support zone at 3030-3026 and extended its decline to around 3021. Based on this price action, two key conclusions can be drawn:
1. 3057 is now confirmed as the current high.
2. Gold has successfully formed a head and shoulders pattern in the short term.
📍This indicates that bearish momentum remains strong and far from exhausted. Under the pressure of structural resistance, gold is likely to continue testing lower support levels around 3010-3000, with a possible extension toward 2995.
🔎Trade Idea:
Xauusd: Sell at 3035-3045
TP:3015-3005
SL:Adjust according to risk tolerance.
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Boldly short gold, the bear has awakened!📌Bros, as mentioned in the previous article, Marvin invites you to grab a cup of coffee and quietly watch the dancing bears.
📍As I just said, if gold cannot break through the 3040-3050 area, it will build a head and shoulders structure in the short-term structure, and gold may accelerate downward to the 3020-3010 zone.
🔎Xauusd: @3040-3050 Sell
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
GOLD ROUTE MAP UPDATEHey Everyone,
Another Piptastic day on the charts with our analysis playing out perfectly.
After completing all our Bullish targets yesterday we confirmed the gap to 3049 remained open after cross and lock above 3029.
- This was hit perfectly today completing this target. No further cross and lock above 3049 confirmed the rejection into the lower Goldturn for the bounce just like we said!!
We will now see price play between both these Goldturns until we see a cross and lock on either level to confirm 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
2993 - DONE
EMA5 CROSS AND LOCK ABOVE 2993 WILL OPEN THE FOLLOWING BULLISH TARGET
3011 - DONE
EMA5 CROSS AND LOCK ABOVE 3011 WILL OPEN THE FOLLOWING BULLISH TARGET
3029 - DONE
EMA5 CROSS AND LOCK ABOVE 3029 WILL OPEN THE FOLLOWING BULLISH TARGET
3049 - DONE
EMA5 CROSS AND LOCK ABOVE 3049 WILL OPEN THE FOLLOWING BULLISH TARGET
3068
BEARISH TARGETS
2968
EMA5 CROSS AND LOCK BELOW 2968 WILL OPEN THE FOLLOWING BEARISH TARGET
2942
EMA5 CROSS AND LOCK BELOW 2942 WILL OPEN THE FOLLOWING BEARISH TARGET
2922
EMA5 CROSS AND LOCK BELOW 2922 WILL OPEN THE SWING RANGE
SWING RANGE
2906 - 2886
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
Watch as the bears are about to dance!📍Bros, we must pay attention to the 3040-3050 area next. If gold cannot break through this area during the rebound, then the technical level may build a head and shoulders top structure, further stimulating the decline of gold. The market bullish factors for gold have all appeared. If there is no extra force to support the rise of gold, then the bears will fully wake up and may even go down to the 3020-3010 area.
📌So in terms of short-term trading, we can try to short gold in the 3040-3050 area.
🔎Xauusd:@3040-3050 Sell
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Seize the callback opportunity to go long goldBros, after hitting a high near 3057, gold fell back as expected. It has now fallen back to around 3030.
📍Although the fall in gold was expected, the strength of the fall was less than expected. According to the current strength of the fall, gold may not be able to form an effective downward force. It is more likely to attract friends who missed the entry ticket in the early stage to enter the market again to buy gold;
📍After the breakthrough, there are many supports below. It may be difficult to break through the heavy support area in a short period of time. The primary support below is in the 3025-3015 area. We can try to buy gold with this area.
🔎Xauusd:@3030-3020 Buy
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
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.
While gold is relatively new to this range we have to entail some caution if we’re even going to consider trading this FOMC. Markets are a little fragile, we’re at ATH’s and the moves are extremely aggressive. So, we’ll highlight the red box levels and the potential move we’ll be looking for, sticking to the extreme and key levels, ignoring the intermediate levels.
Looking at the chart we have a support region below 3010-15 which if spiked into and held can push this back up this time to break above 3030 and attempt to attack that 3050 region. That in our opinion would be the first point to start looking for price to exhaust, but it will only give us the flip so longer scalps are likely to be all we’ll get.
If we break above the 3055 region we’re likely to go higher giving us a red box resistance level of 3065-75. It’s this level we would ideally like to target from a lot lower down if we can get that entry. For that reason, we have given the level below on the break of 3010 sitting around 2990-80, we’ll have to wait and see, but if we can get down there a nice swing could present itself.
RED BOX INDICATOR:
Break above 3030 for 3050, 3055, 3063 and 3070 in extension of the move
Break below 3020 for 3912, 3006, 2996 and 2990 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
How to Trade News!Heads up, everyone! The Federal Reserve's interest rate decision will be announced in one hour! Currently, gold is consolidating in a narrow range around the 3035 level. At this point, it's not advisable to enter short positions on gold just yet.
📍From a technical perspective, gold has formed an ascending triangle pattern. If it fails to break below the 3027-3025 support zone, the bullish momentum could persist, with an upside target in the 3045-3055 range. Therefore, it's best to hold off on aggressive short positions for now.
📍However, if gold, driven by the upcoming announcement, struggles to break above the 3045-3055 resistance area, 3045 may establish itself as a short-term top. In that scenario, short positions can be considered using the 3040-3050 zone as a resistance level.
🔎Xauusd:@3040-3050 Sell,TP:3030-3020;
📍On the other hand, if gold decisively breaks below the 3025-3020 support level, attention should be focused on the 3010-3000 range. Should gold find support and stabilize within this range, it may present a favorable opportunity to go long once again.
🔎Xauusd:@3010-3000 Buy, TP:3030-3040
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart levels are being respected and playing out, as analysed in true level to level fashion.
After completing all our Bullish targets 2993, 3011 and 3029, all confirmed with cross and lock, we then confirmed a lock above 3029 opening 3049 yesterday. We got the nice move up but just short of the full gap, which then followed with a rejection into the lower Goldturn for the bounce, giving us plenty of opportunities to milk the bounces just like we stated.
We still have the gap remaining open and we are seeing price play between two weighted levels. We will now look for either level to be tested and broken with cross and lock to confirm 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
2993 - DONE
EMA5 CROSS AND LOCK ABOVE 2993 WILL OPEN THE FOLLOWING BULLISH TARGET
3011 - DONE
EMA5 CROSS AND LOCK ABOVE 3011 WILL OPEN THE FOLLOWING BULLISH TARGET
3029 - DONE
EMA5 CROSS AND LOCK ABOVE 3029 WILL OPEN THE FOLLOWING BULLISH TARGET
3049
EMA5 CROSS AND LOCK ABOVE 3049 WILL OPEN THE FOLLOWING BULLISH TARGET
3068
BEARISH TARGETS
2968
EMA5 CROSS AND LOCK BELOW 2968 WILL OPEN THE FOLLOWING BEARISH TARGET
2942
EMA5 CROSS AND LOCK BELOW 2942 WILL OPEN THE FOLLOWING BEARISH TARGET
2922
EMA5 CROSS AND LOCK BELOW 2922 WILL OPEN THE SWING RANGE
SWING RANGE
2906 - 2886
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
Bears are about to revive, short gold!Gold has rebounded to around 3040 once again. It is undeniable that the risk of going long is gradually increasing. At this level, the primary strategy should be to avoid blindly chasing long positions in gold to mitigate the risk of a significant pullback.
Additionally, during the recent retracement, gold only briefly touched the 3023 level before rebounding. Given the insufficient depth of the pullback, this swift rebound suggests that gold may continue to test its short-term highs. Currently, there is no clear technical topping pattern, and the candlestick formations remain strong, indicating further upward potential. Gold could extend its gains toward the 3050-3060 range.
From a trading perspective, it may be prudent to consider short positions in the 3045-3055 range.Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Short gold with 2930-2940 zone as resistanceBros, the situation in the Middle East is turbulent again! Gold took advantage of the trend and continued to rise to around 3028. Stimulated by the news, gold's rise was obviously abnormal and showed a disorderly rise! This kind of price rise is actually very dangerous, so we can't directly chase gold. According to my expectations, the highest price of gold will only reach around 3040, so I think shorting gold with 2930-2940 zone as resistance is the best trading opportunity at the moment.
However, in the short term, the correction of gold may be smaller than expected because the market is enthusiastic about going long. So the first thing we should pay attention to below is the 3005-2995 zone.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Open your eyes and watch the bear dance!Bros, I have clearly pointed out in the last article update that gold will continue to rise and hit the 3030-3040 area, and the highest will only reach around 3040; gold has risen to this area as expected, and has reached a maximum of around 3038.
I have doubled my short position in gold around 3038; gold has risen sharply due to fundamental support and has seriously deviated from the technical side, so the faster gold rises, the more dangerous it is! After the market calms down, gold may experience a deep retracement.
So I’m looking forward to when the bears dance next! And I am always optimistic about gold falling back to the 3015-3005 area!
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Best GOLD XAUUSD Consolidation Trading Strategy Explained
In article , you will learn how to identify and trade consolidation on Gold easily.
I will share with you my consolidation trading strategy and a lot of useful XAUUSD trading tips.
1. How to Identify Consolidation
In order to trade consolidation, you should learn to recognize that.
The best and reliable way to spot consolidation is to analyse a price action.
Consolidation is the state of the market when it STOPS updating higher highs & higher lows in a bullish trend OR lower lows & lower highs in a bearish trend.
In other words, it is the situation when the market IS NOT trending.
Most of the time, during such a period, the price forms a horizontal channel.
Above is a perfect example of a consolidation on Gold chart on a daily.
We see a horizontal parallel channel with multiple equal or almost equal highs and lows inside.
For a correct trading of a consolidation, you should correctly underline its boundaries.
Following the chart above, the upper boundary - the resistance, is based on the highest high and the highest candle close.
The lowest candle close and the lowest low compose the lower boundary - the support.
2. What Consolidation Means
Spotting the consolidating market, it is important to understand its meaning and the processes that happen inside.
Consolidation signifies that the market found a fair value.
Growth and bullish impulses occur because of the excess of demand on the market, while bearish moves happen because of the excess of supply.
When supply and demand find a balance, sideways movements start .
Look at the price movements on Gold above.
First, the market was rising because of a strong buying pressure.
Finally, the excess of buying interest was curbed by the sellers.
The market started to trade with a sideways range and found the equilibrium
At some moment, demand started to exceed the supply again and the consolidation was violated . The price updated the high and continued growth.
Usually, the violation of the consolidation happens because of some fundamental event that makes the market participants reassess the value of the asset.
At the same time, the institutional traders, the smart money accumulate their trading positions within the consolidation ranges. As the accumulation completes, they push the prices higher/lower, violating the consolidation.
3. How to Trade Consolidation
Once you identified a consolidation on Gold, there are 2 strategies to trade it.
The resistance of the consolidation provides a perfect zone to sell the market from. You simply put your stop loss above the resistance and your take profit should be the upper boundary of the support.
That is the example of a long trade from support of the consolidation on Gold.
The support of the sideways movement will be a safe zone to buy Gold from. Stop loss will lie below the support zone, take profit will be the lower boundary of the resistance.
AS the price reached a take profit level and tested a resistance, that is a short trade from that.
You can follow such a strategy till the price violates the consolidation and establishes a trend.
The market may stay a very extended period of time in sideways, providing a lot of profitable trading opportunities.
What I like about Gold consolidation trading is that the strategy is very straightforward and completely appropriate for beginners.
It works on any time frame and can be used for intraday, swing trading and scalping
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts once again with our analysis playing out to perfection!!
After completing our 2993 Bullish target yesterday, we stated that we now have a ema5 lock above 2993 opening 3011. This target was hit today just like we said, followed with a further cross and lock above 3011 opening 3029, which was also hit today completing this range.
We now have a lock above 3029 opening 3049. We now need to keep in mind we have had no corrections from the last two days momentum. Failure to lock above the next level will follow with a rejection to find support at the lower Goldturns for bounce and then further cross and locks will confirm the next range for us.
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
2993 - DONE
EMA5 CROSS AND LOCK ABOVE 2993 WILL OPEN THE FOLLOWING BULLISH TARGET
3011 - DONE
EMA5 CROSS AND LOCK ABOVE 3011 WILL OPEN THE FOLLOWING BULLISH TARGET
3029 - DONE
EMA5 CROSS AND LOCK ABOVE 3029 WILL OPEN THE FOLLOWING BULLISH TARGET
3049
EMA5 CROSS AND LOCK ABOVE 3049 WILL OPEN THE FOLLOWING BULLISH TARGET
3068
BEARISH TARGETS
2968
EMA5 CROSS AND LOCK BELOW 2968 WILL OPEN THE FOLLOWING BEARISH TARGET
2942
EMA5 CROSS AND LOCK BELOW 2942 WILL OPEN THE FOLLOWING BEARISH TARGET
2922
EMA5 CROSS AND LOCK BELOW 2922 WILL OPEN THE SWING RANGE
SWING RANGE
2906 - 2886
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
Last chance to short gold💡Today, gold hit a low of around 2980 during its decline. Obviously, gold's decline has not reached its peak! There is still demand for gold to continue to retreat.
💡At present, gold has rebounded to above 2998 again, but gold has not broken through the 3005-3010 zone during multiple rebound tests. The upper space has been compressed smaller and smaller, and the bullish momentum has been largely consumed. Gold is expected to seek a breakthrough downward;
💡In the process of multiple rebounds, the momentum of the rebound has gradually weakened, the bull market confidence above 3000 is not strong, the confidence of bulls is not firm, and after the profit realization and selling psychology gradually gain the upper hand, gold is likely to have a flash crash!
📉So we can short gold in the 3000-3010 zone! The first target: 2985-2975, followed by 2965-2955
📞Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Not a bad start to the week with the lower Red box support which was active holding price and giving the push up early session completing the first red box target. Since that we've experience accumulation and ranging which allowed us a short trade on the indicator and then a nice long to end the day, which is now protected and managed.
We'll stick with the plan at the moment expecting a spike up with the first region being 3006 and above that 3010. Again, a bit high to even attempt a long as traders will want to see if we can hold above the 3000 level, until then, we'll look for the potential RIP.
KOG’s bias for the week:
Bearish below 2995 with targets below 2970, 2965, 2955 and below that 2950
Bullish on break of 2995 with targets above 3003, 3006, 3010, 3016 and above that 3020
RED BOXES:
Break above 2995 for 2997✅, 3003, 3009, 3016 and 3021 in extension of the move
Break below 2980 for 2975, 2971, 2965, 2959, 2955 and 2945 in extension of the move
Short and simple this week, let’s see how the week plays out and remember, your risk model is there to protect you, use it, keep your losers small and your winners big!
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 UPDATEHey Everyone,
Great start top the week with our chart idea already kicked off with our first Bullish target hit at 2993. We are now seeing a lock above 2993 opening 3011. Failure to lock above will follow with a rejection to find support at the lower Goldturns for bounce and then further cross and locks will confirm the next range for us.
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
2993 - DONE
EMA5 CROSS AND LOCK ABOVE 2993 WILL OPEN THE FOLLOWING BULLISH TARGET
3011
EMA5 CROSS AND LOCK ABOVE 3011 WILL OPEN THE FOLLOWING BULLISH TARGET
3039
EMA5 CROSS AND LOCK ABOVE 3039 WILL OPEN THE FOLLOWING BULLISH TARGET
3049
EMA5 CROSS AND LOCK ABOVE 3049 WILL OPEN THE FOLLOWING BULLISH TARGET
3068
BEARISH TARGETS
2968
EMA5 CROSS AND LOCK BELOW 2968 WILL OPEN THE FOLLOWING BEARISH TARGET
2942
EMA5 CROSS AND LOCK BELOW 2942 WILL OPEN THE FOLLOWING BEARISH TARGET
2922
EMA5 CROSS AND LOCK BELOW 2922 WILL OPEN THE SWING RANGE
SWING RANGE
2906 - 2886
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