KingsFX_official

KingsFX_official

Technical Analysis At a local high of $2,736, the gold markets demonstrates a robust upward trend with key technical indicators reflecting bullish momentum. Immediate resistance levels are anticipated near the psychological markers of $2,750 and $2,800. These round numbers often attract significant trading interest and can act as natural resistance levels as...

KingsFX_official

Gold continues to display bullish momentum as we approach the coming week, with prices consolidating near $2,650 after testing the critical resistance level at $2,670. A break above this resistance could lead to a surge toward the psychological level of $2,700, though caution is warranted as the RSI is nearing overbought territory, suggesting potential for a...

KingsFX_official

Gold is likely to continue its bullish momentum as we enter the new week. Over the past few weeks, gold has held firmly around the $2,650 level, with technical indicators and macroeconomic factors suggesting that this trend could persist. However, traders should be prepared for some volatility given the dynamics of the global economy and potential short-term...

KingsFX_official

Technical Analysis Gold remains in a bullish stance, with prices holding firmly around the $2,600 mark. Last week's price action showed resilience, bouncing off the $2,560 support level. The key resistance remains at $2,630, and a clear break above this could open a path toward $2,650–$2,700. The RSI is near overbought territory, suggesting a potential short-term...

KingsFX_official

The markets have reacted on the recent changes and announcements in the fundamental aspects for the US dollar. We are now at levels of new ATH with further expectations of growth towards a target of 2600s. However, in the case we see faltering, we should see retracements down back to our lower levels before any new movements are made. For the coming week, my...

KingsFX_official

Ranging markets are continuing within the gold charts for this week. We are continually retesting the 2530 high and have fallen down from this resistance level at 3 key moments in the past. We will continue to observe for bullish potential at lower zones but the key zone to look for is the break of the high to create new ATH potentials. Fundamental Analysis...

KingsFX_official

We have continued to observe ranging markets for the week. Now, the main areas to consider is whether our supports will continue to hold for a new ATH opportunity within the XAUUSD markets. Should our supports at the 2500 level fail, we should expect a long bearish trend to our next reference AOI before any new movements can be considered. Fundamental Analysis...

KingsFX_official

Following our weekly analysis, we observe the market rejection at the 2480 level but we have yet to complete our full retracement on our upside potential for our ATH. WIth that in mind, we will be looking for short targets in the initial aspects of the market open before targeting new longs and ATHs. Fundamental Analysis: From a fundamental perspective,...

KingsFX_official

We have reached new ATH levels, with us hitting into the 2500s by the close on Friday. With that in mind, our trading styles should change to be more conservative to attempt conservative shorts & larger longs from safer AOI entry levels. - Long considerations at 2420~2430s & 2450s - Short considerations at 2500 & 2480s

KingsFX_official

We have observed a significant retracement of our initial sell-off of the commodity. Now, following the completed fib retracement we are looking to new areas of play where all possibilities are likely to be towards a new ATH, considering the recent news events concerning the USD and gold. - Short considerations can be made at 2450, 2460~2480s - Long...

KingsFX_official

With the month of August rolling over, we have already seen massive sell offs for individuals looking to get into premium long positions. At this stage, the market is highly sensitive and we will be looking for continuation longs into new ATH territory once our lower retracements and POIs have been met. - Long considerations at 2400~2410, 2430~2440. - Short...

KingsFX_official

We have observed a lot of mass consolidation over the weeks that I have been off the markets. At this stage, it is a matter of observation to see what sort of reactions occur to break out of this ranging zone. Once the ranges have been breached, we should expect mass volatility movements towards the long or short direction. - Long considerations at 2400 ~ 2420,...

KingsFX_official

We have seen a burst of interest into XAUUSD with the recent inflows of capital leading to movements back into the 2400 levels. With this reaction, we should expect a retracement back into our lower POIs before a gradual sentiment continuation towards the upside. - Short considerations at 2400 psychological level - Long considerations at 2380s

KingsFX_official

We have followed our long term sentiment to the letter with our higher resistance zones being reached. At this stage, there will be a lot of unstability in the market as we probe for a new ATH or a completed retracement for our movement bearish. In our current projection, we should see some bearish momentum for the coming week. New shorts to be considered at...