BEARS ARE TRAPPED - $2990's SOONAs illustrated, Im visualizing a strong beginning to a historical bullish MARCH.
On average in 15, 10, and 5 years, MARCH has been mostly bullish.
To anticipate a bullish march, FEB must make sense and leave a few clues that could indicate a healthy setup for a potential buy opportunity.
In this case, FEB made a natural correction toward the end of the month which makes total sense and it is completely appropriate and necessary to setup March for what COULD be next:
A STRONG BULLISH MARCH that could potentially take the yellow metal to see $3,000 USD/Oz for its first time in history.
The setup looks beautiful; with a bullish engulfing candle closing above previous candles, and such bounce having taken place below a major daily support and very near FEB's breaker block that served as a major support - trampoline level for the month (of February) to expand so strongly.
Market has grabbed liquidity at a discount price level, below the 50% retracement of the expansive move of FEB; yet another positive sign of a potential continuation to the upside since: THE TREND IS YOUR FRIEND .
I could be off in my timing by 1 week; maybe 2 AT MOST..
But there will be a continuation simply because the demand for gold just keeps rising with all the BS going on around the world + USA's insane tariffs THAT COME INTO EFFECT IN MARCH ... JOIN THE DOTS @!#$% ...
--
GOOD LUCK!
Metals
Bearish drop for the Gold?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,882.39
Why we like it:
There is an overlap resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 2,924.57
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 2,830.85
Why we like it:
There is a pullback support level.
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THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said we would be looking for price to tap into the lower red box region, give the long trade up into the red box resistance which was active and then give us the opportunity to short the market sticking to our bias and our bias target levels. Although we missed the precise entry by 30pips from the highs, we managed to get in and complete not only the bias target levels, KOG’s bias of the day target levels, Excalibur target algo levels and LiTE EA targets hitting 100% on those for the week.
A fantastic week on markets on just on Gold but on the other pairs we trade and analyse as well. Well done to our traders and team.
So, what can we expect in the week ahead?
After the move we witnessed last week we would expect there to be some retracement on the horizon, however, it all depends on this lower level of 2850-47 holding price up in the early sessions. If we do see a clean set up here an opportunity to take that potential long into the level above 2865-70 should be available. It these level above that are concerning, they need to break above for us to confirm this as a short term low, however, unless broken 2875-80 and above that 2895-2900 should be decent target levels for the longs and also pivotal points to watch for reversal to continue the move downside.
On the flip, we do have a level below sitting at 2805-10, which is also a bearish below level. If we continue this move downside from the opening, we’ll look to continue with the move downside on the daily red boxes and then look for an opportunity to take a swing long from lower down.
Key levels this week:
Resistance – 2890 / 2904
Support – 2850 / 2830 / 2810
Potential range – 2810 – 2880
KOG’s bias for the week:
Bullish above 2847 with targets above 2865, 2871, 2876, 2880 and above that 2904
Bearish below 2847 with targets below 2840, 2835, 2830 and below that 2810
RED BOXES:
Break above 2860 for 2865, 2872, 2874, 2885 and 2900 in extension of the move
Break below 2847 for 2840, 2836, 2831, 2823 and 2810 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 TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup for Gold 🪙 Gold Traders Gold weekly Time Frame 🖼️ looking a good time for. Short Trade 😁. Also Goldman Sachs talk and 2025 if gold tast 3000$. Not for now weekly candle 🕯️ close below 👇 ⬇️ 2800 Next target 2538.
Key Resistance level 2900 + 2956
Support level 2800 - 2782 - 2706 - 2538
Mr SMC Trading point
Pales support boost 🚀 analysis follow)
GOLD MARKET ANALYSIS AND COMMENTARY - [March 03 - March 07]OANDA:XAUUSD this week were under pressure to take profits. After opening this week at 2,934 USD/oz, gold prices rose to 2,956 USD/oz, but then continuously dropped to 2,832 USD/oz and closed the week at 2,858 USD/oz. Thus, gold prices this week dropped sharply after 8 consecutive weeks of increases.
The reason why gold prices dropped sharply this week is because the USD continued to increase strongly compared to many other major currencies. Market sentiment changed slightly after the US announced the Personal Consumption Expenditure Index (PCE) for January 2025. Accordingly, PCE increased by 2.5% over the same period last year, thus down from 2.6% in December 2024 and in line with market expectations. Meanwhile, core PCE, excluding fluctuating food and energy prices, also increased 2.6% year-on-year, but down from 2.9% in December 2024 and in line with forecasts.
Notably, in the recent meeting, US President Donald Trump and Ukrainian President Volodymyr Zelensky had many disagreements and could not reach any agreement to contribute to an early end to the war between Russia and Ukraine. This is a factor that may increase gold's role as a haven, but it is unlikely to push gold prices up sharply next week, perhaps just a slight recovery before adjusting again.
There will be a lot of data released next week, but the US February non-farm payrolls (NFP) report will be of particular interest to investors. According to forecasts, NFP is expected to reach 156,000 jobs, compared to 143,000 jobs in January. If NFP reaches the forecast level, it will not affect the Fed's interest rate policy direction, unless NFP increases far beyond the threshold of 200,000 jobs. Therefore, NFP news is likely to have little impact on gold prices next week.
In addition, investors will also pay attention to the European Central Bank's (ECB) monetary policy decision, which could have an impact on gold prices next week. The ECB is expected to cut interest rates again next week, which could partially support the USD, thereby negatively impacting gold prices next week.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Next week, the market will focus on jobs data, with the US February non-farm payrolls report released on Friday morning.
Other key economic events include the Eurozone FMCG and US ISM manufacturing PMI on Monday, the ADP jobs report and US ISM services PMI on Wednesday, and weekly unemployment data on Thursday.
The other big event of the week is the European Central Bank's (ECB) monetary policy decision on Thursday, with many experts expecting the ECB to make another interest rate cut.
📌Technically, gold prices next week may continue to adjust, with the level of 2,790 USD/oz being an important support level. If next week's gold price stays above this level, it will increase slightly to 2,900 USD/oz. On the contrary, if gold prices fall below 2,790 USD/oz next week, there is a risk of a deeper correction.
Notable technical levels are listed below.
Support: 2,814 – 2,835USD
Resistance: 2,900 – 2,868USD
SELL XAUUSD PRICE 2951 - 2949⚡️
↠↠ Stoploss 2955
BUY XAUUSD PRICE 2739 - 2741⚡️
↠↠ Stoploss 2735
Gold may continue to fall inside downward wedgeHello traders, I want share with you my opinion about Gold. A short while ago, the price dropped to the support line, breaking through the resistance level that aligned with the resistance area. Following this, it rebounded and quickly climbed to the 2935 level, even entering the seller’s zone before pulling back to the support line. After that, the price made another push toward the seller’s zone but remained range-bound near the 2935 resistance level. Eventually, it reversed and began to decline, first breaking below 2935 and soon after breaching the support line as well. Gold then continued its downward movement within a falling wedge pattern. Inside this formation, the price touched the support line before rebounding to the resistance line, where it hovered for a while before eventually dropping back to the wedge’s support line, breaking the current resistance level along the way. At the moment, XAU is still moving lower, but I anticipate a temporary rise toward the resistance area before the decline resumes. Given this scenario, I have set my TP at 2830, which aligns with the wedge’s support line. Please share this idea with your friends and click Boost 🚀
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 2872 and a gap below at 2846. 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
2872
EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET
2901
EMA5 CROSS AND LOCK ABOVE 2901 WILL OPEN THE FOLLOWING BULLISH TARGET
2921
EMA5 CROSS AND LOCK ABOVE 2921 WILL OPEN THE FOLLOWING BULLISH TARGET
2950
BEARISH TARGETS
2846
EMA5 CROSS AND LOCK BELOW 2846 WILL OPEN THE FOLLOWING BEARISH TARGET
2820
EMA5 CROSS AND LOCK BELOW 2820 WILL OPEN THE FOLLOWING BEARISH TARGET
2796
EMA5 CROSS AND LOCK BELOW 2796 WILL OPEN THE SWING RANGE
SWING RANGE
2778 - 2753
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 price play between two weighted levels with a gap above at 2889 and a gap below at 2853. 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
2889
EMA5 CROSS AND LOCK ABOVE 2889 WILL OPEN THE FOLLOWING BULLISH TARGET
2914
EMA5 CROSS AND LOCK ABOVE 2914 WILL OPEN THE FOLLOWING BULLISH TARGET
2947
BEARISH TARGETS
2853
EMA5 CROSS AND LOCK BELOW 2853 WILL OPEN THE FOLLOWING BEARISH TARGET
2813
EMA5 CROSS AND LOCK BELOW 2813 WILL OPEN THE FOLLOWING BEARISH TARGET
2771
EMA5 CROSS AND LOCK BELOW 2771 WILL OPEN THE SWING RANGE
SWING RANGE
2744 - 2712
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 and playing out perfectly, as analysed.
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.
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 like this 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
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.
On our last update after completing 2856 target, we were left with body close above 2856 leaving a gap to 2976. We stated that will need ema5 lock to further confirm this and ema5 was still yet to lock but we still got a nice push up over 700 pips.
- This is still yet to lock with ema5 and this weeks weekly candle is crucial to either see a push up form here for the lock or a rejection here with ema5 for another push down and possibly use the channel top for an ascending movement up slowly over a longer term into our long trend gaps. Once again we prove the safest way to chase this Bull in this range is from dips.
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
Copper Overbought uptrend, The Week Ahead 03rd March ‘25Copper maintains a bullish sentiment, supported by a longer-term uptrend. However, the recent price action suggests a corrective pullback toward a key support zone, which could determine the next major move.
Key Levels to Watch
Resistance Levels: 9440 (200 DMA), 9650, 9950
Support Levels: 9260, 9160 (50 DMA), 9060
Bullish Scenario
A successful retest and bounce from the 9260 support level, which aligns with the rising trendline and previous consolidation zone, could reaffirm bullish momentum. If this level holds, Copper could target the 9440 resistance (200 DMA), with further upside potential toward 9650 and 9950 in the longer term.
Bearish Scenario
A confirmed breakdown below 9260, with a daily close beneath this level, would weaken the bullish outlook. This could lead to a deeper retracement toward the 9160 support (50 DMA), with extended downside risk toward 9060 if selling pressure persists.
Conclusion
While Copper remains in a broader uptrend, the 9260 level serves as a key pivot point. A bullish bounce from this level could signal trend continuation, while a breakdown below it may indicate further corrective weakness. Traders should monitor these levels closely for confirmation of the next directional move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GOLD (XAUUSD): Bullish After the Market Opening
Friday's turmoil in the White House pumped Gold prices
during the New York session.
Analyzing the intraday price action, I see 2 confirmed bullish signals:
the price broke both the resistance line of a falling channel
and a neckline of a cup & handle pattern on an hourly.
Odds are high, that the price will grow more and reach at least 2864 level
after the opening.
❤️Please, support my work with like, thank you!❤️
GOLD I.T. Bottom WAVE 4 low is in place move to LONGThe chart posted is GOLD SPOT .I am Now moving to Bullish from my Bearish top of wave C or 3 . The Stop MUST be placed at the low we just saw . I will now project wave 5 of 5 of 5 target is 3031/3069 I will go with the LOWER of the two targets and would look for this TOP on march 10 to the 13th of march .in a super cycle peak .I will look for a major crash from this 5th wave top
SILVER supported by 50 DMA The Week Ahead 03rd March ’25Silver (XAG/USD) maintains a bullish outlook, supported by the long-term uptrend, characterized by a sequence of higher highs and higher lows. The recent pullback appears to be a corrective move, currently testing a rising trendline support zone, which remains crucial for trend continuation.
Key Technical Levels
Immediate Support: $30.80 (previous consolidation range and trendline support)
Major Support Levels:
$30.60
$30.20
$30.00
Immediate Resistance: $31.25 (short-term breakout level)
Major Resistance Levels:
$31.59
$31.86
$32.00
Bullish Scenario: Breakout Above $31.25
A successful breakout above $31.25, supported by strong momentum, would reaffirm the bullish trend.
This would open the way for an upside move toward the $31.59 resistance, followed by extended gains toward $31.86 and $32.00 over the longer timeframe.
The continuation of higher lows and higher highs would further strengthen the bullish structure.
Bearish Alternative: Breakdown Below $30.80
A confirmed breakdown below $30.80 and a daily close beneath this level would invalidate the bullish outlook.
This could trigger a deeper retracement toward $30.60, with further downside risk extending toward $30.20 and $30.00 if selling pressure intensifies.
A breakdown below $30.00 would shift the market structure into a potential bearish reversal.
Conclusion
Silver (XAG/USD) remains bullish in the broader trend as long as $30.80 holds as support. A breakout above $31.25 would signal trend continuation, targeting higher resistance levels. However, a breakdown below $30.80 would suggest deeper retracement, potentially shifting sentiment to the downside. Traders should monitor these key levels for confirmation of the next move
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GOLD Trend reversal, The Week Ahead 03rd March ’25The GOLD (XAUUSD) index pair price action sentiment appears bearish, supported by the loss of longer-term prevailing uptrend. The recent intraday price action appears to be an overbought consolidation after reaching the all-time high on 20th Feb ‘25.
The key trading level is at the 2896 level, 20-day moving average and the rising support trend line zone. An oversold bounce back from the current levels and a bearish rejection at the 2896 level could target the downside support at 2790 followed by the 2770 (50 DMA) and 2743 levels over the longer timeframe.
Alternatively, a confirmed breakout above the 2896 resistance and a daily above below that level would negate the bearish outlook opening the way for a further rally and a retest of the 2920 level followed by 2950.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
How to Find Best Supply and Demand Zones/Areas in Forex & Gold
In this article, I will show you the strongest supply and demand zones.
These zones are called confluence zones.
I will teach you to identify these areas properly and explain how to apply it in Forex and Gold trading.
Let's start with a short but important theory.
In technical analysis, there are 2 types of supports and resistances.
Horizontal structures are supports and resistance that are based on horizontal key levels.
Vertical structures are supports and resistance that are based on trend lines.
A confluence supply or demand zone, will be the area of the intersection between a horizontal and vertical structures.
Look at GBPJPY pair. I underlined a significant horizontal support and a rising trend line - a vertical support.
We see a clear crossing of both structures.
The trend line and a horizontal support will compose a narrow, contracting area. It will be a confluence demand zone.
Within, with a high probability, a high volume of buying orders will concentrate, and a strong bullish movement will initiate after its test.
Above is one more example of a powerful demand zone.
It was spotted on a Gold chart.
Now let's discuss the supply zone.
There are 2 strong structures on GBPNZD: a vertical resistance - a falling trend line and a horizontal resistance.
These 2 resistances will constitute a confluence supply zone.
That is a powerful resistance cluster that will concentrate the selling orders. Chances will be high to see a strong bearish movement from that.
There is a strong supply zone on CHFJPY that is based on the intersection of a wide horizontal resistance and a falling trend line.
Supply and demand zones that we discussed are very significant. Very often, strong bullish and bearish waves will initiate from these clusters.
Your ability to recognize these zones will help you to make accurate predictions and identify a safe point to open a trading position from
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Gold price update: Sharp decline from all-time high!Dear friends!
Global gold prices have fallen to their lowest level in over a week, driven by the strengthening U.S. dollar. Investors are closely watching key inflation data, which could provide important clues about the Federal Reserve’s monetary policy. Meanwhile, the U.S. dollar has risen by 0.2%, pushing the USD Index (.DXY) further away from its 11-week low. This appreciation makes gold more expensive for investors holding other currencies.
On the other hand, U.S. President Donald Trump has raised hopes of a one-month delay in imposing higher tariffs on imports from Mexico and Canada, while also proposing a 25% tariff on European automobiles and goods. This uncertainty has driven investors toward the U.S. dollar, adding further pressure on gold prices, which were already facing profit-taking pressure after reaching record highs.
XAU/USD Breakdown – Key Support Levels Tested After Major Drop!### **Analysis & Description:**
This 1-hour chart of **Gold (XAU/USD)** from **OANDA** presents a strong **bearish move** following a key **liquidity grab and rejection** from the 2,942–2,950 resistance zone.
#### **Key Observations:**
- **Fair Value Gap (FGV 4H)**: The price initially tapped into the imbalance before facing a strong rejection.
- **Liquidity Sweep**: The sharp move up prior to the decline suggests that smart money may have induced liquidity before the major bearish move.
- **Bearish Break & Retest**: The price has broken through significant **support levels** around 2,892 and 2,878 and is now approaching the next support at **2,834**.
- **Fibonacci & Structure**: The Fibonacci retracement aligns with a deeper correction, with the price possibly targeting **2,820–2,800** if bearish momentum continues.
- **Risk-Reward Setup**: The risk-to-reward ratio in this trade setup suggests a well-executed short position, capturing nearly **3.70% downward movement** (approx. **-108 points**).
### **Potential Scenarios:**
🔴 **Bearish Case:** If the price sustains below 2,844 and fails to reclaim key resistance zones, further downside is likely toward **2,820–2,800**.
🟢 **Bullish Case:** A strong bounce from current levels (2,834) could trigger a short-term retracement before resuming downward momentum.
#### **Final Thought:**
Gold remains in a **strong downtrend**, and traders should watch for price action confirmation around support levels before considering further positions.