GOLD: Move Up Expected! Long!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,330.13 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 3,332.32.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
Metals
Analysis and strategy of the latest gold trend on June 9:
Core logic analysis:
Risk aversion cools down
The easing of Sino-US trade tensions weakens the short-term safe-haven demand for gold, but long-term uncertainties (such as the prospects for global economic recovery and the Fed's policies) still support the safe-haven properties of gold.
Technical bearishness dominates
Weekly: Inverted hammer pattern + MACD high dead cross sign, suggesting a callback risk.
Daily: Two consecutive negatives fell below the short-term moving average, MACD dead cross, but be wary of the support strength of the Bollinger middle track (near 3295).
4 hours: The price broke below the Bollinger lower track, the moving average was in a short position, the MACD momentum was downward, and the short-term was bearish.
Key price:
Upper resistance:
First resistance: 3328-3330 (intraday strength and weakness boundary, bearish force point).
Strong resistance: 3345-3350 (if broken, the short-term bearish trend may be reversed).
Support below:
First support: 3290-3280 (test target at the beginning of the week, may trigger a rebound).
Strong support: 3280 (break opens the downward space to 3250-3230).
Operation strategy suggestions
Short order opportunity
Aggressive: short with a light position after rebounding to 3325-3330, stop loss above 3340, target 3300-3290.
Conservative: wait for the 3340-3345 area to be under pressure before entering the market, stop loss 3355, target the same as before.
Long order opportunity
Short-term rebound: If it first touches 3280-3290 and stabilizes (not breaking down quickly), you can go long with a light position on the rebound, stop loss 3275, target 3310-3320.
Rebound after breaking: If it quickly breaks down 3280 and rebounds to 3295-3300 under pressure, you can follow the short position for the second time.
Breakout response
Break above 3350: Short orders temporarily exit the market, wait and see whether it will step back to confirm the support and turn long.
Break below 3275: Be cautious in chasing shorts, prevent low-level technical rebounds, and wait for a pullback before following up with shorts.
Risk warning
Data risk: Market volatility may increase before and after the release of non-agricultural data, and be wary of wash-outs.
Sudden events: Sudden changes in geopolitical or Fed policy expectations may reverse technical patterns.
Position management: The current trend is bearish but has not been confirmed to be unilateral. It is recommended to operate with light positions in stages to avoid heavy positions betting on the direction.
Summary: Gold is likely to continue to fluctuate and be bearish next week, but be wary of bullish counterattacks at key support levels. The main trading method is shorting at the rebound high point, supplemented by short buying at the key support level, strictly stop loss and pay attention to the news developments.
SILVER: Absolute Price Collapse Ahead! Short!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 36.640 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
XAUUSD M15 Support & Resistance Levels🚀 Here are some key zones I've identified on the 15m timeframe.
These zones are based on real-time data analysis performed by a custom software I personally developed.
The tool is designed to scan the market continuously and highlight potential areas of interest based on price action behavior and volume dynamics.
Your feedback is welcome!
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)If you remember on my last analysis I said we need to see Gold surpass $3,400 & CLOSE ABOVE the 0.365% zone, in order to confirm strong bullish intent. Otherwise, we’ll see a melt back down. Market didn’t close in the orange 0.365% zone, which of course led to a sell off on Thursday & Friday.
However, we still remain in bullish territory on an internal structure, as long as Gold is above $3,246 so let’s see who takes the reign!
Gold Spot (XAU/USD) $3400 Incoming again??Gold Spot (XAU/USD) – 1H Chart:
Chart Overview:
Overall Market Context:
Gold is currently retracing after a strong downtrend from a swing high near the supply zone. Price is reacting near a key bullish trend line and a local swing low.
Key Technical Elements:
OBV (On-Balance Volume):
The OBV has broken out of its downtrend resistance, suggesting a potential reversal in volume flow.
This shift implies bullish momentum could be building.
Trendline & Structure:
Price is respecting a bullish trend line, which has acted as dynamic support across multiple touches.
The current swing low sits right on this trend line, suggesting a possible bounce scenario.
Fair Value Gaps (FVGs) – 4H:
Two FVGs are located above current price around the 0.28–0.5 Fibonacci zone, indicating a likely magnet area if price starts to retrace upward.
These FVGs may act as short-term targets or resistance zones.
Fibonacci Retracement:
Price is currently near the 0.618–0.65 retracement zone, a classic golden pocket reversal area.
If price holds this level, a bounce toward the FVGs and supply zone is likely.
Supply Zone:
The major resistance sits above at the supply zone formed around the previous swing highs.
A rejection here could signal a return to range or continuation lower if not broken.
Demand Zone :
Below current price, a strong demand zone is marked, which historically triggered a large upward move.
If price fails to hold the trendline/swing low, this would be the next key support area to watch.
Scenarios:
🔼 Bullish Case:
OBV breakout holds and price bounces from the trendline/swing low.
Price moves up into the FVG zones and attempts to reclaim the previous swing high.
If it breaks above the supply zone, the next logical targets would be the psychological levels (e.g., $3,400+).
🔽 Bearish Case:
Failure to hold the current trendline and swing low.
Break below could lead to a move toward the demand zone, possibly sweeping lows and filling deeper FVGs.
If volume remains weak on bounce attempts, continuation of the downtrend is likely.
Summary:
Gold is at a critical inflection point. The bullish trendline and swing low offer a potential reversal area, supported by a breakout in OBV. A recovery into the FVGs above looks likely if price can maintain this level. However, failure here would lead to a drop toward the demand zone. Traders should monitor volume, OBV continuation, and price action near FVGs for confirmation.
SPY/QQQ Plan Your Trade For 6-9: Inside BreakawayToday's pattern suggests the SPY/QQQ will attempt to make a breakaway type of price move - away from Friday's open-close range.
Given the fairly tight opening price level this morning, I would stay cautious in early trading today and try to let the first 60 minutes play out - looking for that breakaway trend/momentum.
Overall, the markets are still in a Bullish price phase - trying to push higher.
But, as I continue to warn, I believe the markets could rollover and break downward at any time.
BTCUSD moved substantially higher overnight. This could be the beginning of a bigger advance higher. But, it could also be an exhaustion move higher.
Gold and Silver are still melting upward. This move in metals recently certainly shows the markets are still fearful of any potential downside price activity.
Again, I urge traders to stay cautious as we continue to struggle within the sideways price range.
Price will show us what it wants to do and I believe this move higher in BTCUSD could be a false type of breakout move to the upside.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
XAUUSD: Analysis and Strategy for June 9Gold technical analysis
Daily chart resistance 3400, support 3270
Four-hour chart resistance 3340, support 3290
One-hour chart resistance 3330, support 3305.
NFP data suppresses expectations of rate cuts, and the technical 4H/1H chart short positions suppress the rebound space. News and technical aspects simultaneously push gold down. In the short term, gold prices are running below the previous top and bottom conversion position of 3332. The US market focuses on the 3330 long-short dividing line. If it stands firm at 3330, you can follow up and buy, with a target of 3350; if it falls below 3290, continue to chase shorts to 3260.
Focus on today's China/US trade negotiations on the news: If there is no breakthrough in the London talks, risk aversion may drive gold to continue to rebound.
SELL: 3330near SL: 3335
BUY: 3295near SL: 3290
GOLD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 3321.1
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3310.6
My Stop Loss - 3326.3
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
XAUUSD Is XAUUSD getting ready for new ATHs? Gold has formed a clear bullish flag pattern and retested it clearly. One Thing I am looking for the retest of 50 DEMA . If the Price holds above the 50 DEMA, there are much chances that gold may target the new ATHs very soon.
What you guys think about it?
XAUUSD rising while Inflation dropping. Historically BULLISH!Gold (XAUUSD) has been practically on a non-stop aggressive rise since the late 2022 Low. What's more interesting is that during this 2.5-year Bull run, the U.S. Inflation Rate (red trend-line) has been on a sharp decline, which is something you wouldn't traditionally expect out of a save haven asset like Gold.
On the contrary, Gold has been historically used as a hedge against high inflation, so when Inflation drops, you would have technically expected for Gold to drop too (and vice versa).
Since 1970, there have only been another 4 (relatively long) time periods when Inflation declined while Gold increased. On all occasions, Gold extended the rise by at least 1 year even when Inflation reversed.
In our opinion, the current divergence looks more like 1970 - 1972 and 2008 - 2009. This suggests that Gold is still within a Bull Cycle and has some more room to rise before a new Bear Cycle starts. Long-term we remain bullish on Gold.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XPTUSD 1W:While Everyone Watches Gold, Platinum Quietly Wakes UpGold gets the headlines — but platinum just broke two years of silence with a clean, high-volume breakout from a symmetrical triangle on the weekly chart. And this isn’t noise — this is the structural shift traders wait for.
Price has been coiled inside a compressing wedge since early 2022. Equal highs. Equal lows. Stop hunts both ways. The classic “shake out before take off.” Now? The breakout is in. And the weekly candle closed above resistance with volume confirmation. Oh, and while we're at it — the 50MA just crossed above the 200MA, signaling a long-term trend reversal.
Target? Measure the triangle height: ~398 points. That projects a breakout target of 1440 USD, which aligns perfectly with previous institutional rejection zones.
But this isn’t just about the chart.
🔹 South Africa, the top global supplier, is struggling with energy and production cuts;
🔹 The Fed is pausing rate hikes — the dollar weakens, metals rally;
🔹 Demand from hydrogen tech, clean energy, and industrial catalysts is on the rise.
Translation? Smart money has been accumulating. The move from 965–1070 was just the ignition. The drive hasn’t started yet.
So while everyone fights over gold highs, platinum sits at the base of a move no one's prepared for — except those who know how accumulation ends.
🧭 Key support: 965–985
📍 Resistance zone: 1150–1180
🎯 Measured target: 1440+
Trade Idea: XAUUSD Long (SELL LIMIT)🔍 Technical Breakdown:
H1 (Primary Trend Context):
• Strong downtrend: clean lower lows and lower highs
• Price broke below previous day’s low, now acting as resistance
• 20 SMA below 50 SMA, both sloping downward
• Volume increased during selloff = strong participation
• Price currently retracing into prior broken support, now potential supply
M15 (Entry Zone Confluence):
• Micro bullish structure pushing into:
• Prior M15 demand turned supply
• Dynamic resistance (20/50 SMAs)
• Thin volume / inefficiency area
• Retrace remains within context of a bearish flag/pullback
M3 (Entry Precision):
• Price approaching clean M3 supply zone between 3326.0 – 3329.0
• Minor FVG and untested supply at 3327.50
• Good stop placement just above 3332 (above M3/M15 structure)
⸻
📌 Trade Setup Details
• Sell Limit Entry: 3327.50
• Stop Loss: 3333.00 (5.5 pts)
• Take Profit: 3302.00
• Risk-to-Reward: ~4.63R
⸻
🔁 SL to Breakeven Criteria
Move SL to breakeven only after:
1. A 15-minute candle fully closes below 3312.00, breaking current bullish microstructure
2. Price either:
• Bases under 3312 or
• Retests 3312–3314 as fresh resistance
FUSIONMARKETS:XAUUSD
Potential Breakdown with Retest or Reversal Zone –This chart represents a classic Double Top pattern, a bearish reversal signal indicating strong resistance around the 3,380 - 3,390 USD zone (marked with two white circles).
---
🔍 Key Zones and Levels:
1. Resistance Zone (~3,380 - 3,390 USD):
Price was rejected twice here.
Suggests strong selling pressure and buyer exhaustion.
2. Mid Support/Retest Zone (~3,337.857 USD):
Marked with a horizontal white line.
Could act as a short-term resistance if price retraces.
3. Demand Zone (~3,330 - 3,337 USD):
Highlighted green box: potential reversal/retest zone.
Bullish scenario: price bounces from here and heads back to retest resistance.
4. Current Price (~3,309.980 USD):
Price has broken below the demand zone and is approaching strong horizontal support.
5. Lower Support (~3,265 - 3,270 USD):
Highlighted with blue horizontal lines and purple arrows.
Could be the next bearish target if breakdown is confirmed.
---
🔄 Two Possible Scenarios:
📉 Bearish Continuation:
Price retests the broken demand zone (now resistance).
Rejects and forms a lower high.
Falls toward the lower support around 3,265–3,270 USD.
📈 Bullish Reversal:
Price reclaims the green demand zone.
Pushes above 3,337.857 USD level.
Heads back to retest the double top area (~3,380 USD).
---
✅ Conclusion:
The bias is currently bearish, supported by:
Double top formation.
Breakdown below key demand zone.
Momentum favoring further downside.
However, a bullish reversal is possible if price reclaims the 3,337 USD zone and shows strong bullish structure.
Gold weakness continues, bears continue to exert force📰 Impact of news:
1. The streets of Los Angeles are full of "gunpowder smell"! Immigration protests escalate, and Trump sends troops to suppress them
2. Geopolitical situation
3. Federal Reserve political expectations
📈 Market analysis:
At present, the hourly moving average of gold price is spreading downward. At the same time, the 4H chart has retreated from a high and lost the middle track, breaking through the rising trend line. The low point of the trend line coincides with the middle track. Today's operation uses the low point of 3330-3335 as the critical point of strength and weakness. If the market rebounds below this range, you can just go bearish. If it breaks through this dividing point, you need to be cautious. On the whole, the recommended short-term operation strategy for gold today is to mainly short on rebound. Focus on the resistance of 3330-3340 on the upper side in the short term, and focus on the support of 3290-3280 on the lower side in the short term. The market fluctuates greatly, and stop loss is strictly controlled!
🏅 Trading strategies:
SELL 3325-3335
TP 3300-3290-3280
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
GOLD (XAU/USD) – 30M Trade Setup – June 9, 2025Bias: Short (Bearish Pullback Continuation Under $3,320)
SELL SETUP
Entry:
Below $3,309 (break of minor local support and confirmation of bearish continuation)
Stop-Loss (SL):
$3,324 (above recent local high and structure resistance)
Take-Profit 1 (TP1):
$3,290 (early June low – first demand area)
Take-Profit 2 (TP2):
$3,270 (stronger support + 1.618 extension zone)
Technical Confluence
MACD:
Bearish crossover active
Histogram turning red again after a short relief push
RSI:
Hovering around 47, rejected from the neutral 50–55 zone
Still in a bearish regime under the midline
Price Action:
Lower highs and lower lows forming
Last bullish candle rejected near $3,320
Bearish momentum holding after brief retrace
Risk Rating: Medium
Structure is clean, but risk of chop increases if price holds above $3,310
Watch for reaction at $3,309 — potential fakeout zone
Silver breakout: Bullish, but divergentIntraday Update: Silver is at the 127% extension of the March 28th highs to April 7th lows, RSI is divergent which may stall the rally, but dips back to the 35.50 level should find buyers now.
Keep in mind we trade well above the long term 61.8% retracement still at 35.48
GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,316.87
Target Level: 3,146.82
Stop Loss: 3,431.23
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
WILL EUR CONTINUE TO RALLY AHEAD OF THE IMPORTANT NFP DATA?EUR/USD – WILL EUR CONTINUE TO RALLY AHEAD OF THE IMPORTANT NFP DATA?
📈 EUR/USD IS AT A CRITICAL POINT AHEAD OF KEY ECONOMIC DATA
Amid the ongoing pressure on the US Dollar and macroeconomic factors supporting the Euro, EUR/USD might continue its short-term bullish trend. However, key data such as US CPI and central bank meetings could determine the direction for this currency pair moving forward.
🌍 Macroeconomic Overview & Market Sentiment
USD & DXY: The US Dollar continues to weaken due to signals from the Federal Reserve (Fed) that they are not in a hurry to cut interest rates. DXY has fallen below the 99 level, with macroeconomic factors showing a continued bearish trend for the USD.
Eurozone: The ECB (European Central Bank) is maintaining a slightly tight monetary policy. However, the Eurozone economy is showing signs of recovery, with positive data from the region.
US Economy: Forecasts for the US labor market data could impact the USD and lead to volatility in the EUR/USD pair. All attention is on the reports from the US this week.
📊 Technical Analysis (H1 – H4 – D1)
EMA 13/34/89/200: The EMA indicators on the H1 and H4 timeframes support the current bullish trend for EUR/USD in the short term. In particular, the EMA 13 and EMA 34 are crossing above the EMA 200, signaling a strong upward trend.
Wave Structure: EUR/USD is currently in a corrective wave after testing the strong resistance level at 1.1450. A recovery signal is emerging around the support level at 1.1380, which could present a buying opportunity in the short term.
Fibonacci Expansion: The Fibonacci extension levels at 1.1470 and 1.1490 could be the next targets if EUR/USD breaks through the 1.1400 resistance zone.
⚡ Key Levels to Watch
Resistance: 1.1450, 1.1470, 1.1490, 1.1500
Support: 1.1380, 1.1350, 1.1320, 1.1300
🧭 Trading Scenario
🔵 BUY ZONE: 1.1380 – 1.1365
SL: 1.1340
TP: 1.1420 → 1.1450 → 1.1470 → 1.1490
🔻 SELL ZONE: 1.1450 – 1.1460
SL: 1.1475
TP: 1.1420 → 1.1400 → 1.1370 → 1.1350
✅ Summary
EUR/USD is currently in a short-term bullish trend and could continue to rise if the support at 1.1365 holds. However, key economic data from the US, especially CPI and central bank meetings from the Fed and ECB, could impact the next direction for this pair. Traders should keep an eye on important support and resistance levels to identify safe trading opportunities.
Will the Trend Explode or Continue to Retrace? XAUUSD Trading Plan - Will the Trend Explode or Continue to Retrace? 🔥
📉 Current Situation:
Gold is currently undergoing a retracement after a strong increase at the beginning of the week. The market is being influenced by macroeconomic factors like the US-China trade negotiations and fluctuations in the US dollar. Gold may either continue its retracement or break out of the current price range.
🔧 Technical Analysis:
🔶 Key Levels:
🔶 Support Zone: 3,276.121 - 3,289.874. These zones are crucial in confirming the strength of the bullish trend.
🔶 Resistance Zone: 3,345.715, 3,363.845. If these levels are broken, gold could continue to rise sharply.
📊 Technical Indicators:
The Exponential Moving Averages (EMA) 13, 34, and 89 support the short-term bullish trend.
The trendline shows that the bullish trend is intact, but a slight correction may happen in the short term.
💼 Fundamental and Macro Analysis:
The US-China trade negotiations are the key drivers of market sentiment. If the negotiations yield positive news, gold could continue to rise. However, if concerns arise about tariffs or failed talks, gold could face pressure.
Key US economic indicators, such as PMI, GDP, and NFP, will play a crucial role in shaping the direction of the US dollar, and thus, the price of gold.
🎯 Trading Plan:
🔶 Buy Zone:
Entry Zone: 3,289.874 - 3,276.121
Stop Loss (SL): 3,269.000
Take Profit (TP):
TP 1: 3,302.000
TP 2: 3,317.000
TP 3: 3,327.000
TP 4: 3,340.000
🔶 Sell Zone:
Entry Zone: 3,345.715 - 3,363.845
Stop Loss (SL): 3,370.000
Take Profit (TP):
TP 1: 3,327.000
TP 2: 3,310.000
TP 3: 3,300.000
TP 4: 3,289.000
⚠️ Key Points to Watch:
🔒 Strong Support Zone: 3,289.874 represents a key support zone. If the price breaks below this level, we could see gold approach 3,276.121.
🔓 Strong Resistance Zone: 3,345.715 - 3,363.845 is the key resistance zone. If broken, gold could continue to rise to 3,380.000 or higher.
📈 Market Psychology:
Gold is in a retracement phase after a significant rise, but both technical and fundamental factors suggest that the bullish trend may continue. It is essential to closely monitor signals from the US-China trade negotiations and economic news affecting the US dollar.
💥 Conclusion:
Gold is in a retracement phase after a strong increase, but technical and fundamental factors indicate that a bullish recovery could be on the horizon. Prepare your trading plans based on key support and resistance levels.
📌 Good luck and happy trading to all!
Dollar - Still going for TargetAs mentioned in the video on Friday 2 min before NFP. We could run higher on the dollar and i didnt want it to take out the 4 hour candle as shown here.
Go back and see the video for reference. Link below
We should head towards the Target now and im still bearish dollar. Very Bearish
How to Use Fibonacci Extension for Effective ProfitHow to Use Fibonacci Extension for Effective Profit-Taking in Forex.
Fibonacci Extension is a powerful tool for identifying profit-taking levels in Forex, including XAU/USD trading. Here’s a concise, SEO-optimized guide to maximize your gains:
1. Understand Fibonacci Extension Levels
The 127.2%, 161.8%, and 261.8% extension levels predict price targets after a breakout, making them ideal for setting profit goals.
2. Identify Key Price Swings
Select swing low (e.g., 3.300 USD), swing high (e.g., 3.344.70 USD), and retracement low (e.g., 3.312.570 USD) on the chart.
3. Apply Fibonacci Extension
Draw from swing low to high, then extend from the retracement low. For example, 161.8% may project to approximately 3.360 USD.
4. Set Profit-Taking Targets
Conservative: Target 127.2% (e.g., 3.350 USD).
Aggressive: Aim for 161.8% (e.g., 3.360 USD), aligning with resistance levels.
5. Manage Risk
Place a stop-loss below the retracement low (e.g., 3.300 USD) and aim for a 1:2 risk-reward ratio.
6. Pro Tips
Combine with resistance, RSI, or volume; exit early if momentum fades. Update levels with new swings.
Leverage this strategy to optimize profits in volatile Forex markets like XAU/USD!
THE KOG REPORT THE KOG REPORT:
In last weeks KOG Report we said we would wait for the market to open and look for a reaction on the Red box and based on that reaction we would decide where we wanted to go and how to trade it! We immediately opened with a bounce which gave us the opportunity to then get on with the move upside as you can see in last weeks chart completing the move we wanted and the red box targets apart from 3406 (we got as far as 3404). We then identified the red box region we were expecting another RIP from and to the point we got the move down to complete the short. Please look at the chart, you will see how we picked the top, the bottom, and then the range trades within the circled levels with point to point, level to level trades all the way through the week.
A fantastic week in Camelot on not only Gold but all the other pairs we trade.
So, what can we expect in the week ahead?
Looking at the economic calendar there isn’t much going on in the early part of the week so there is potential here for the move to terminate just below before giving a bounce upside into the levels of 3330-35 which is the level to watch for the break this week. A rejection at that level can cause further declines taking us into the 3350 level and possibly 3230-25 before we form a swing low.
There is a flip here as stated above, and that is that 3330-35 region, if we break above there then bulls have that opportunity to drive this upside to clear the NFP move and take us back to target the 3400 level. It all depends on the reactions we get at the levels so we’ll start the week with the plan of action, and of course, in these markets we’ll adapt If we have to.
KOG’s bias of the week:
Bearish below 3336 with targets below 3306, 3299, 3297, 3285 and 3275
Bullish on break of 3336 with targets above 3345, 3350, 3355, 3367 and 3376
Red boxes:
Break above 3310 for 3320, 3332, if held above 3335, 3347 and 3362 in extension of the move
Break below 3306 for 3299, 3295, 3285, 3280 and 3264 in extension of the move
Many of our followers and traders have seen the power of the red boxes, Imagine this on your own TV screen, 4H for swing trading, 1H for day trading and 15min for scalping. Any pair on any chart 23hrs a day. Add to that the Knights indicator giving you swing points, key levels and retracement levels and our custom volume indicator telling you when to long, when to short and when to stand back from your trades.
LEARN AND GENERATE YOUR OWN SIGNALS. You don't need any of us to guide you.
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