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XAUUSDG trade ideas

THE KOG REPORT - UpdateEnd of day update from us here at KOG: CLEAN LEVEL TO LEVEL TRADING! That was the plan all the way from the beginning of the month when we published the Election special together with the KOG Reports. We wanted pull backs and managed to get them today giving us another opportunity to long into the bias target levels and Excalibur which are now completed. Today, I hope traders noticed we even shared the Red box targets we use, which are also completed. Now, we have support below 2635-40 which is reasonable for price to attempt, but it needs to break to go lower. Otherwise, I would like to see this attempt a higher high before then completing the reversal to the downside. From Camelot this morning: Support: 2620 / 2617 / 2615 / 2620 / 2606 Resistance: 2630 / 2640 / 2647 / 2650 / 2654 / 2659 Price: 2624 KOG’s Bias of the day: Bullish above 2610 with targets above 2630 Bearish on break of 2610 with targets below 2595 RED BOXES: Break above 2625 for 2638, 2650 Break below 2613 for 2605 As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
GOLD → Are the bears in doubt? Resistance aheadFX:XAUUSD strengthens to 2625, jeopardizing the local downtrend. Fundamentally, the situation is complicated, as well as technically... The metal price is actively influenced by the escalated geopolitical situation between Russia and Ukraine. The market is also watching the Middle East, as despite the reduced news flow, the situation is still tense. In addition, expectations of additional stimulus measures from China also favor the growth of prices for this metal. It is still unclear whether gold will be able to hold on to the bullish momentum as the price is approaching strong resistance and traders are cautious as they await new signals on the Fed's interest rate outlook. Technically, as the price is still within the boundaries of the local descending channel, it is worth considering selling from strong zones and levels. The situation will change when the price breaks (it is not a fact) the channel resistance... Resistance levels: 2626, 2643 Support levels: 2604, 2590 Most likely, the market seeks to test the resistance, relative to which a stalemate situation is forming due to the mixed fundamental background. A false break of 2643-2626 will strengthen the selling and bring us back to the downside. But an unexpected resistance breakout will bring back the buyers' motivation Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we wanted the pullback in order to get the long position to target the higher Excalibur targets, we didn't get it so had to trade it level to level on the boxes using the indicators as a guide. Those targets are complete, however, the bias level targets starting at 2642 are yet to complete. We would say pull backs look limited so it's scalping only at the moment unless we can dip into the lower pool sitting at 2610 before then attempting the longer trade. For now, we'll stick with the daily bias and expect this to make an aggressive turn from higher. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
7 Best Chart Patterns For Trading Forex and Gold If you are studying chart parts, I prepared for you the list of 7 price action patterns you should never miss. In this article, I will share with you powerful chart patterns for trading forex or any other financial market. These patters work perfectly for day trading, swing trading and scalping. We will study real market examples. I will explain the psychology and meaning of each pattern and explain to you how to trade them. The first chart pattern that we will discuss is double top. The pattern is formed on the edge of a bullish impulse. It is based on 2 equal highs and a higher low between them. A higher low composes a minor support. A strong bearish signal is a breakout of a neckline and a candle close below that. Entry is on its retest. Stop loss is above the highs. Target is the closest strong support. The bullish version of a double top pattern is called double bottom The pattern is formed on the edge of a bearish impulse. It is based on 2 equal lows and a lower high between them. A lower high composes a minor resistance. A strong bullish signal is a breakout of a neckline and a candle close above that. Entry is on its retest. Stop loss is below the lows. Target is the closest strong resistance. The second powerful pattern is a descending triangle formation. The pattern is formed on the edge of a bullish impulse. It is based on at least 2 equal lows and 3 lower highs between them. A falling trend line should respect the lower highs. A strong bearish signal is a breakout of a neckline and a candle close below that. Entry is on its retest. Stop loss is above the highest high. Target is the closest strong support. A bullish variation of a triangle pattern is called an ascending triangle. The pattern is formed on the edge of a bearish impulse. It is based on at least 2 equal highs and 3 higher lows between them. A rising trend line should respect the higher lows. A strong bullish signal is a breakout of a neckline and a candle close above that. Entry is on its retest. Stop loss is below the lowest low. Target is the closest strong resistance. Chart pattern number 5 - Cup & Handle pattern. Cup & handle pattern is the variation of a double bottom. The only difference between 2 patterns is 1 lower low and a consequent higher low, instead of 2 equal lows. Entry trigger and trade execution rules are absolutely the same as with a double bottom. Stop loss is strictly below the lower low. A bearish version of a cup & handle is called an inverted cup & handle. Inverted cup & handle pattern is the variation of a double top. The only difference between 2 patterns is 1 higher high and a consequent lower high, instead of 2 equal highs. Entry trigger and trade execution rules are absolutely the same as with a double top. Stop loss is strictly above the higher high. The last and the most powerful chart pattern is the range . Range is a strictly horizontal parallel channel where the price sets equal highs and equal lows, respecting the support and the resistance of the range. This chart pattern signifies that the market found equilibrium, a fair value. A strong bullish signal is a breakout of a resistance of the range and a candle close above that. Target will be the next strong resistance, stop loss should lie below the lows of the range. A strong bearish signal is a breakout of a support of the range and a candle close below that. Target will be the next strong support, stop loss should lie above the highs of the range. Of course, there are more patterns to study but these 7 are essential . Your ability to recognize them is the key for accurate price action trading. Learn to spot these patterns and good luck in your trading.. Let me know which patterns do you want to study in the next article. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
Gold Technical Analysis: Potential Bounce Within a ChannelThe provided chart shows a clear bullish structure, with Gold trading within an ascending channel on the daily timeframe. However, recent price action indicates a pullback from the channel's upper resistance. Below is the detailed analysis: Price Structure: Gold has been respecting the boundaries of the ascending channel, with higher highs and higher lows confirming the bullish trend. Internal Trendline: The internal trendline has been tested and temporarily broken, leading to the ongoing retracement. Support Zone: The price has reached a significant horizontal support zone ($2,530-$2,490), coinciding with the lower boundary of the channel. This area is expected to act as a strong support for a potential rebound. Scenario 1 (Bullish Rebound): If the price bounces from the current support zone, it could retest the key resistance at $2,700 and potentially aim for the channel's upper boundary. Scenario 2 (Bearish Breakdown): A confirmed break below $2,490 could invalidate the channel and lead to further downside movement, targeting lower support zones around $2,300.
OANDA:XAUUSD
by melikatrader94
3
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A nice end to the week with our plan working out well, all our targets completed and then a nice relaxing afternoon away from the charts once we had the opportunity to take the perfect short which was protected and achieved and end of week 200pip bonus. We have also published the monthly view from the start of November (Election Special), please have a look at the levels on this chart to familiarise yourself with where price may want to close for the week. For now, above is the level to watch for the close, below is the level to watch for the pull back. No more trading for us until next week. Wishing you all a great weekend ahead and we'll see you on Sunday for the KOG Report. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
Gold's Final Push or Reversal? Key Levels for a Major Drop!What to Expect Next Week Gold is nearing the completion of Wave 5, with rejection likely between 2,680.70–2,695.32. A reversal is expected post-Wave 5, targeting correction zones near 2,608.99 and below. How to Trade: For Short Traders: Wait for rejection near 2,695.32, and short with confidence if bearish signals align. For Long Traders: Look for entries at support zones 2,608.99–2,567.63, expecting a bounce back toward 2,680.70. Risk Management: Keep stops tight above invalidation points (2,735.88 for shorts; 2,547.39 for longs). Adjust position size for the volatility expected near resistance zones. 1. Market Context and Structure Phase and Current Movement: Wyckoff Schematic in Play: Gold is currently in Phase D of a Wyckoff accumulation schematic, approaching a potential climax and markdown after completing a diagonal Wave 5. Market has made significant progress from Spring/Support Test (SC & LPS) to the resistance zone, where distribution may occur. Wave Analysis and Key Structures: Wave 5 (Diagonal): Targets for Wave 5 Completion: 2,693.33: Divergence zone on Wave 5. 2,695.32: Key diagonal extension target for Wave 5. Post-Wave 5 completion, the market appears primed for a corrective structure (Wave A) to fill liquidity gaps below. 2. Expected Price Movement Scenario 1: Completion of Wave 5 and Reversal Key Rejection Zone: Expect price to peak between 2,680.70 and 2,695.32, with possible wicks above for a liquidity grab. A bearish reversal is likely as Gold completes the UTAD (Upthrust After Distribution). Downside Targets After Wave 5 Completion: First target: 2,608.99 (0.5 retracement of the recent leg). Second target: 2,597.92 (0.618 retracement). Stretch target: 2,567.63 (0.786 retracement and alignment with previous accumulation range). Scenario 2: Invalid Breakout Above 2,695.32 If Gold sustains a breakout above 2,695.32, invalidation occurs at 2,735.88 (Shallow 4 resistance). Extended rally targets: 2,749.43: Possible trap zone. 2,782.74: High invalidation for bearish structure. 3. Key Price Levels to Monitor Resistance Zones (Sell Side): 2,680.70: Divergence zone in Wave 5. 2,695.32: Final diagonal Wave 5 target; high rejection probability. 2,735.88: Upper invalidation and extended target if bullish momentum sustains. Support Zones (Buy Side): 2,608.99: 50% retracement; initial correction target. 2,597.92: 61.8% retracement; likely to induce a bounce. 2,567.63: Key support and 78.6% retracement.
FX:XAUUSD
by spacedevil
10
GOLD - Price can make small correction and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined in falling channel, where it fell below $2655 level and reached support line of channel. Then price turned around and started to grow inside rising channel, where it soon reached $2655 level and broke it. In this channel, price grew to resistance line and continued to move up near this line, until it reached $2790 points. After this, price turned around and started to decline, exiting from rising channel and fell to $2655 level. Soon, Gold broke this level too and fell to $2560 level, where it bounced from support area and started to grow recently. I think that XAU can little correct to support level and then continue to move up to $2655 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2
Is a XAUUSD (GOLD) Monster Trade on the Horizon?👀👉 XAUUSD Gold has recently reached a critical support zone on both the weekly and daily timeframes, showing signs of being heavily oversold. In this video, we explore a potential bullish scenario: if XAUUSD reverses and breaks market structure, it could set up a substantial trading opportunity as price targets previous highs. Risk Disclaimer: Trading involves significant risk, and past performance does not guarantee future results. Always assess your risk tolerance before entering a trade.*📊
ICMARKETS:XAUUSDLong
by tradingwithanthony
8
Ukraine is dangerous, GOLD receives support from risksOn Wednesday (November 20) on the Asian market, spot gold continued to increase in the short term. Gold price has just retested the mark of 2,640 USD/ounce, increasing sharply to reach nearly 10 USD during the day. Growing concerns about the Russia-Ukraine crisis have caused gold prices to rise further. It is worth noting that geopolitical tensions flared up again due to information that the Biden administration authorized Ukraine to use US-made weapons to attack Russian territory last weekend. Geopolitical tensions, economic risks and a low interest rate environment have enhanced the appeal of gold. Bloomberg of the US commented that as the conflict entered its 1,000th day, Ukraine used its newly acquired long-range missile capabilities to attack a military base on Russian territory. Moscow has warned against such actions and stepped up threats of nuclear responses to conventional attacks. Russia's war in Ukraine has entered a dangerous new chapter On Tuesday local time, Ukrainian forces used the US Army Tactical Missile System (ATACMS) for the first time to attack a facility in Russia's Bryansk Oblast. The Russian Ministry of Defense confirmed that Ukraine used missiles from the US military's Tactical Missile System to attack Russia and that Russia's anti-missile system shot down 5 out of 6 missiles. On Tuesday local time, Russian President Vladimir Putin signed a decree approving a new version of Russia's basic national policy on nuclear deterrence, which took effect from the date of signing. The new version of the policy expands the range of countries and military alliances with which Russia can exercise nuclear deterrence, and proposes to consider "aggression against Russia by any non-nuclear state with the participation or support of nuclear states" is a "joint attack". against Russia. (Directly aimed at America) Bloomberg noted that two developments on Tuesday worried investors, causing investors to rush into safe-haven assets, especially gold. On the daily chart, gold tested the 0.618% Fibonacci retracement level at $2,640, which is an important technical point for the downtrend that readers should pay attention to through the price channel. Currently, gold still has conditions to decrease in price with the main trend from the price channel and the main pressure from EMA21 still maintained. On the other hand, the Relative Strength Index is also creating a curve as it approaches the 50 level, which shows that buying is slowing down. Technically, gold still has a more bearish outlook. However, if it breaks the price channel and rises above the EMA21 level, a new uptrend could open. During the day, the bearish technical outlook still prevails and the notable points are listed below. Support: 2,605 – 2,600USD Resistance: 2,640 – 2,668USD SELL XAUUSD PRICE 2653 - 2651⚡️ ↠↠ Stoploss 2657 →Take Profit 1 2646 ↨ →Take Profit 2 2641 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
OANDA:XAUUSDShort
by Xayah_trading
5
GOLD | Are we witnessing the formation of a new trendline?Ladies and gentlemen, it might be it. Maybe we're at the beginning of the formation of a new trendline? Many things are affecting Gold right now. In particular, not the most comforting news from the Ukraine-Russia war. It also seems to me that many are now starting to jump into short positions, thinking that there should be a retracement, which on the contrary helps institutional players to fuel the growth up. By the way, there is also a possibility that everything is the other way around, and the potentially expected growth will lead to a giant fall, but what is the probability of this? I open the 9th position, long with 70% probability. Opening: 2665 TP: 2675 SL: 2510 Despite everything global and possible speculations, whatever happens with gold, I think the overall mood is bullish right now and will keep being so. Do NOT use all the capital under any circumstances! Be careful and let's watch!
OANDA:XAUUSDLong
by AltairView
8
World tension! Gold price momentum increases⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold recorded consecutive gains on Tuesday, rising by 0.70% as escalating tensions in the Russia-Ukraine conflict fueled risk aversion. Investors turned to the safe-haven metal, pushing its price above $2,600 after hitting a two-month low of $2,536. At the time of writing, XAU/USD is trading at $2,629. The metal's rise was supported by declining US Treasury yields and a weaker US Dollar amidst a light economic calendar. Geopolitical risks also played a major role, with Russia’s intensified attacks on Ukraine and US President Joe Biden’s authorization of long-range missile use within Russia further boosting demand for Gold. ⭐️Personal comments NOVA: Gold prices recovered at the end of November 2024 thanks to tensions in the world, Russia - Ukraine; Korean peninsula. Recovery continues ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2640 🔥BUY GOLD zone: $2612 - $2610 SL $2607 scalping TP1: $2618 TP2: $2625 TP3: $2640 🔥BUY GOLD zone: $2576 - $2578 SL $2571 TP1: $2588 TP2: $2600 TP3: $2610 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
4
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A nice start to the week with Excalibur activating long, red boxes giving us the right entry levels and allowing us to trade this from the open all the way up to where we are now. Targets completed - 2585 / 2587 / 2596 and 2610 Now we're at a key level with the red box resistance active completed as well. We can't long here due the stretch, so as long as we're below that 2620 level, we would expect this to make the pullback into the 2600 and below that 2590-95 region. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope? Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part. Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts. Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar. Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form. Resistance levels: 2626, 2637 Support levels: 2604, 2569, 2546 If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
24
Gold can turn around in seller zone and start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to upward channel, where it some time rose near the support line and later rebounded up to the 2570 support level, which coincided with the buyer zone. Then price made a retest and later continued to grow to a resistance line of the upward channel. When Gold reached this line, it turned around and made a correction movement to the support line, after which bounced and rose to the resistance level. Soon, the price broke this level, which coincided with the seller zone, and rose to 2790 points, after which turned around and started to decline. In a short time, XAU fell to the support line of the channel, and exited from it, breaking the 2705 resistance level as well. Then the price dropped to the buyer zone, where it some time traded and then turned around and made a strong impulse up. Price reached resistance level again and now it trying to break it one more time. In my opinion, Gold can enter to seller zone, turn around, and start to decline. For this case, I set my TP at 2630 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
3