THE KOG REPORT THE KOG REPORT
In last week’s KOG Report we said we would like to see price attempt a brief test of the high, reject and give us the move down which was successful. We then wanted to exit any short trades and find the optimal spot to long back up sticking to the bias and the bias targets as well as the red box targets and Excalibur. Combined, we got the move up from the pivot red box and managed to complete all of our bullish targets ending the week with a phenomenal pip capture tracking this precious metal at nearly every turning point up and down.
A fantastic week again in Camelot not only on Gold but the other pairs we analyse and trade as well.
So, what can we expect in the week ahead?
For this week again we’ll stick with the bullish bias for now. The key level resistance on open is the 2715-14 price point, if rejected we should see a continuation of the move downside into the lower support levels 2700, 2690 and below that the key level and bias level support 2680-5. It’s that lower level that needs to be monitored, as building a base there and upon a clean reversal we feel the opportunity to then long the market again back up into the 2725, 2730 and above that 2740-5 region initially is what we’ll be looking for.
Our weekly red box worked well last week giving the rejection we wanted, and due to the failed break, we would like to see that level attempted again to monitor whether we close above or not. This is really important for gold as another fail can result in another major correction before attempting higher pricing.
KOG’s bias of the week:
Bullish above 2680-5 with targets above 2720, 2730, 2735 and above that 2745
Bearish on break of 2780 with targets below 2670 and below that 2766
RED BOX TRADERS:
Break above 2704 for 2710, 2716, 2735 and 2733 in extension of the move
Break below 2695 for 2788, 2682, 2680 and 2665 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
Metals
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 2717 and a gap below at 2696. 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
2717
EMA5 CROSS AND LOCK ABOVE 2717 WILL OPEN THE FOLLOWING BULLISH TARGET
2737
EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
EMA5 CROSS AND LOCK ABOVE 2753 WILL OPEN THE FOLLOWING BULLISH TARGET
2768
EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET
2786
BEARISH TARGETS
2696
EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE FOLLOWING BEARISH TARGET
2675
EMA5 CROSS AND LOCK BELOW 2675 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2661 - 2647
EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE SWING RANGE
SWING RANGE
2632 - 2618
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 - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast:
While the price is below the resistance 2789.95, beginning of downtrend is expected.
We make sure when the support at 2475.27 breaks.
If the resistance at 2789.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 2582.95 on 12/19/2024, so more gains to resistance(s) 2726.10 and maximum to Major Resistance (2789.95) is expected.
Take Profits:
2657.88
2601.87
2532.10
2475.27
2380.00
2279.87
2219.63
2145.04
2087.89
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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.
Previously after ema5 cross and lock above 2629 opening 2686, we continued to buy dips all the way into 2686 completing this gap. We then stated that we now have a candle body close above 2686 opening 2760 but will need ema5 lock to further confirm this, only as a along range/term gap.
- We now have ema5 lock to further confirm this gap
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 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 2726 and a gap below at 2694. 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
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
EMA5 CROSS AND LOCK ABOVE 2753 WILL OPEN THE FOLLOWING BULLISH TARGET
2785
BEARISH TARGETS
2694
EMA5 CROSS AND LOCK BELOW 2694 WILL OPEN THE FOLLOWING BEARISH TARGET
2665
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE FOLLOWING BEARISH TARGET
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE SWING RANGE
SWING RANGE
2600
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 WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.
Previously we stated that the channel top was continuing to provide support like we stated for the past few weeks.
We also stated that, as long as we see no ema5 cross and lock below into the channel, we can safely continue with our plans to buy dips in this range.
- This is continuing to play out perfectly. You can see although we had many breaks into the channel with candle over the last few weeks, ema5 failed to break inside, confirming the rejection and providing support above the channel like we stated.
This followed with the perfect bounce inline with our plans to buy dips and now heading towards our 2729 AXIS gap target above.
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.
Ema5 is still playing above the channel top and has not broken into the channel providing support above the channel.
We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD - 15 min ( Best Buy and Sell Scalping Area After Break Out The analysis presented for GOLD via FXCM indicates significant trading levels on the 15-minute time frame. A bullish breakout is anticipated following a key level at 2717.5, bolstered by high trading volume. Conversely, a bearish scenario is projected if the price descends below the key level of 2702, again accompanied by elevated volume. Our commitment lies in providing precise trading opportunities and insights, grounded in rigorous analysis rather than mere numerical data.
⚡️GOLD / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 2717.5 Point
🚨Bearish After Break Out key level + High Volume / 2702 Point
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
HelenP. I Gold will break support level and continue to fallHi folks today I'm prepared for you Gold analytics. This chart shows how the price rebounded from the trend line and started to grow to support 2, which coincided with the support zone. When the price reached this level, it broke it and rose a little more, but soon turned around and made a correction movement to the trend line, breaking support 2 one more time. Later, Gold rebounded from the trend line, broke the support level one more time, and continued to move up. In a short time later, the price rose to almost support 1, which coincided with one more support zone, and then dropped to the trend line. Price some time traded near the trend line and then quickly backed up to support 1. When Gold reached support 1, it broke it and rose a little more, but recently XAu turned around and dropped back to the support level. At the moment, the price traded near this level and I expect that XAUUSD will fall to the trend line, breaking the support level and then making a small move up. After this, the price turned around and continued to decline, breaking the trend line too. That's why I set my goal at 2660 points. If you like my analytics you may support me with your like/comment ❤️
GOLD → A change in fundamental background. Strong resistanceFX:XAUUSD faces strong resistance at 2721 and enters correction phase, which also coincides with the change of fundamental background and economic data
Weakening geopolitical tensions in the Middle East have reduced demand for safe-haven assets such as gold, the US dollar and US bonds. In addition, expectations of stimulus measures from China improved market sentiment.
Despite this, the downward trend for gold may remain limited due to Trump's rather risky policies and expectations of two Fed interest rate cuts later this year. Overall, gold prices are likely to be volatile in the short term due to holiday market conditions and Trump's upcoming executive orders.
Technically, the price is inside a symmetrical triangle, which in turn is located inside an ascending channel. If the resistance is not broken, pressure will be applied to the support....
Resistance levels: 2713, 2717, 2721
Support levels: 2702, 2697, 2690
A retest of 2702 will increase the chances of support breakdown and further fall. It can happen after the resistance retest. I do not exclude a false breakdown of one of the mentioned resistance levels before a further fall.
Regards R. Linda!
Gold Price Update: What's Next for Gold?Hello everyone, let’s explore today’s gold price trends!
Gold kicks off the new trading week with a promising start, continuing its upward adjustment above the psychological level of $2,700. The precious metal regains momentum as the US Dollar Index drops to around 109 in international markets this morning. Adding to the sentiment, Donald Trump officially assumes office, returning to the White House on January 20.
From a short-term technical perspective, gold prices may extend their decline before new buying interest emerges at lower levels. The focus is on breaking above the critical static resistance at $2,726 to sustain an upward trajectory toward the psychological barrier of $2,750. The next long-term target aligns with the record high of $2,790.
What about you? What’s your outlook on gold prices for today and this week?
Gold Trends and Signals UpdateOn the daily chart, the daily chart broke the 4-day winning streak and fell slightly on Friday. The decline at the end of the trading day caused a continuous decline. The price effectively crossed the short-term moving average and led the short-term moving average to turn downward at 2710 and 2707. Other periodic indicators also formed a short position arrangement. The Bollinger Bands as a whole shrank sharply. In addition, the MACD indicator once again crossed downward. Therefore, the 4-hour level should still be prepared for an intensified decline!
Trump took office today, and the market may become complicated. Beware of abnormal market fluctuations. From a technical perspective, Huang Jin ended the strong bullish pattern last week. After a weak closing, a break of 2700 was formed, and there was a further wide adjustment in prices. Trading ideas: short-term layout of selling high and buying low.
Gold fell directly after the opening of the Asian session. Gold bulls had no power to fight back. For key points, even if gold wants to go out of the downward wave, it is good for our short-term layout! In addition, today is the date when Trump takes office. The gold market will inevitably suffer from the rise of risk aversion caused by irresistible factors! That is, the market is still relatively bullish in many aspects!
The 1-hour moving average of gold has begun to turn downward, and the gold bull market has temporarily come to an end. If the moving average forms a dead cross downward, the downward space of gold will increase, and the 1-hour gold is now also suppressed by the downward trend; the downward resistance moves down to around 2708, and the Asian session rebounds around 2708 and continues to sell at highs. The rebound near 2705 can be empty first.
First support: 2681, second support: 2670, third support: 2662
First resistance: 2695, second resistance: 2708, third resistance: 2725
Operation ideas:
BUY: 2680-2683,
SELL: 2705-2708,
GOLD Will Fall! Sell!
Hello,Traders!
GOLD has hit a horizontal
Resistance level of 2725$
And because Gold was locally
Overbought we are already
Seeing a bearish reaction
And as we are bearish
Biased we will be expecting
A further local move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717.
If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction.
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD One Resistance remains before it marches to $3000.Last week's call on Gold (XAUUSD) gave us an excellent pull-back buy entry on the 4H MA50 (blue trend-line) and reached not only the top of the Channel Up but almost Resistance 1 as well:
Reaching Resistance 1 has always been a strong bullish signal for the long-term Channel Up that started more than 1 year ago on the October 06 2023 Low. As you can see, both two times that the price broke above the Triangle pattern of its Bearish Leg and tested Resistance 1, it eventually broke it, confirming the new Bullish Leg.
All three break-out Legs have 1D MACD Bullish Crosses to show for. With both previous Bullish Legs peaking upon at least a +21.85% rally, we expect Gold to hit $3000 minimum by April.
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Potential bearish reversal?The Gold (XAU/USD) has reacted off the pivot and could drop to the 61.8% Fibonacci support.
Pivot: 2,717.07
1st Support: 2,633.49
1st Resistance: 2,789.99
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DeGRAM | GOLD bearish takeover in the channelGOLD is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and dynamic resistance.
The chart has reached the 62% retracement level and formed a bearish takeover.
We expect the correction to continue.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Falling towards pullback support?XAU/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,690.10
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,674.73
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 2,718.81
Why we like it:
There is a pullback resistance level.
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Gold Steadies at$2700 Amid Trump Inauguration &Geopolitical CalmXAU/USD: Gold Prices Steady Near $2,700 – Outlook in a Trumpian Era
Gold prices go easy
Gold prices (XAU/USD) remained steady on Monday morning, fluctuating around $2,700 per ounce as Donald Trump prepared to step onto the podium. With the U.S. observing a holiday (markets are closed) in honor of Martin Luther King Jr., global attention shifts to Trump’s inauguration as the 47th President of the United States.
Trump’s Market-Moving Speech Ahead
Although the specifics of Trump’s speech remain uncertain, analysts speculate that tariffs and tax cuts may emerge as core topics. A softer stance on these points could ease concerns about inflation and reinforce a bullish outlook for gold. Conversely, a more aggressive approach, such as imposing 20% tariffs on imports, might heighten inflation fears and potentially weigh on gold prices.
Trump’s inauguration speech is expected to impact gold prices significantly, as it sets the tone for his administration’s economic policies.
Geopolitical Developments: Ceasefire in Gaza
On a separate note, geopolitical tensions eased on Sunday following confirmation of a ceasefire between Israel and Gaza. The agreement was solidified with Hamas releasing three hostages after some delays, in exchange for Israel freeing 90 prisoners. While gold is traditionally viewed as a safe haven during geopolitical uncertainty, the de-escalation in the Middle East reduced immediate demand for the precious metal.
Gold Technical Analysis
Gold prices are currently consolidating between $2,706 and $2,722 per ounce. The bearish momentum suggests a potential stabilization within the bearish zone, contingent on key levels being breached.
- Bearish Scenario: If prices stabilize below $2,712 and $2,706, further declines to $2,689 and $2,678 are likely, especially if a 4-hour candle closes below $2,706.
- Bullish Scenario: To confirm a bullish trend, prices would need to break above $2,722, potentially targeting $2,739.
Key Levels
Pivot Point: 2712
Resistance Points: 2722, 2739, 2756
Support Points: 2689, 2678, 2665
Trend Outlook
Bullish Trend: Above 2722
Bearish Trend: Below 2706
GOLD BULLSH MOVE, REASONS?? ( READ CPTION)Hello everybody, I hope you are doing well, Happy Weekend.
I hope you had great weekend, The market is going to open tonight.
Im back with my new idea for next week, as you can see gold has broken trendline, hit sell side liquidity, after hit the sell side liquidity gold has fallen and there was Supply zone.
There was 3 taps in down and up trend line but gold has broken down trend line, strong bullish momentum, gold has fallen from Supply zone, Im excited gold will fly from the OB area, its demand zone also in H1 TF. You know there is a FVG in H4 with medium accuracy, there is a buy side liquidity.
Price can break the supply zone area after touch OB, and it can reach at the previous ATH 2790.
SUPPORT MY IDEA, FOLLOW FOR MORE IDEAS
PLEASE SHARE YOUR IDEAS ON THIS POST.
GOLD MARKET ANALYSIS AND COMMENTARY - [January 20 - January 24]This week, OANDA:XAUUSD fluctuated strongly, increasing from 2,656 USD/oz to 2,724 USD/oz, then decreasing and closing at 2,702 USD/oz. The main reason is due to the prediction that Donald Trump may implement his tariff commitments after his inauguration, increasing the risk of inflation in the context of the FED maintaining current interest rates. If this policy is implemented, the risk of a US-China trade war and global economic instability will increase, even leading to stagflation. These factors may continue to support gold prices to increase next week.
Mr. Trump can promote expansionary fiscal policy, increasing US public debt and the risk of global financial instability, thereby strengthening gold's role as a haven. However, next week's gold price may decrease if Mr. Trump delays or delays the imposition of tariffs, although this possibility is considered very low.
In the short term, gold prices may increase with the USD due to the impact of Mr. Trump's policies, instead of having a negative correlation as before. However, in the long term, if inflation increases sharply, forcing the FED to raise interest rates to curb inflation, this will put downward pressure on gold prices.
Next week, in addition to Mr. Trump's inauguration, the US will also release weekly unemployment claims and S&P Flash PMI data and existing home sales... However, these economic data may will not have much impact on the gold price trend next week.
📌In terms of technical analysis, if the gold price next week surpasses the threshold of 2,725 USD/oz, it can continue to conquer the strong resistance area at 2,790 USD/oz, and the gold price next week could even exceed 2,800 USD/oz. /oz if Mr. Trump's tariff commitment comes true after his inauguration. Meanwhile, the important support level for gold price next week is at 2,650 USD/oz. (Around the moving average EMA34, 89)
Notable technical levels are listed below.
Support: 2,700 – 2,693 – 2,676USD
Resistance: 2,730 – 2,750USD
SELL XAUUSD PRICE 2791 - 2789⚡️
↠↠ Stoploss 2795
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2645
Hellena | GOLD (4H): SHORT to 50% Fibo lvl 2655.Colleagues, I believe that wave “3” of the higher order is developing quite actively, but I expect a correction in wave “2” of the middle order.
I believe that the price will reach the area of 50% Fibonacci level 2655 or earlier. We should be careful, because the price may stop at the 38.2% Fibonacci level. Around this area I should set trades to breakeven.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!