Dear traders! That's the end of another trading week! Let's recap the market from last week and discuss our new plan. In general, gold continuously received important data last week, causing prices to continuously reverse. Notably, during the weekend trading day, the market suffered two shocks that caused prices to continuously "plunge". In just one day, gold...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2309 resistance with a open gap before that at 2296 and 2286 Goldturn support. We will need to see a test and lock on either levels to open the next range. We will need to see ema5 lock above 2309 to open the range above or...
International gold prices rose sharply at the beginning of the week due to expectations of interest rate cuts by the FED. However, prices dropped later in the week due to two factors: the People's Bank of China temporarily stopped buying gold, and the US economy created more jobs than expected, causing speculation that interest rate cuts would be postponed. The...
THE KOG REPORT: I last week’s KOG report we said we would be watching that 2340 extension level for a move upside in the early part of the week, and if achieved we would be looking to short the market back down initially into the 2310 level which is where we felt the RIP will come from. We had a little stretch into 2355 but got the move we wanted for the trade...
🔴Gold extends decline after US Nonfarm Payrolls beats expectations Gold (XAU/USD) falls all the way back to the $2,294s on Friday after the release of US Nonfarm Payrolls (NFP) data shows the US economy added 272K jobs in May when 185K had been expected. The result was also higher than the April figure which was revised down to 165K. The US Bureau of Statistics...
Hey Everyone, Please see our 4h chart idea that we tracked last week. We have not done a fresh idea for the 4H chart this week, as this one is still tracking well and testing crucial levels of the structure currently. We want to see this idea play out for at least the beginning of the week and then we can do a mid week update with a fresh one. After completing...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. CURRENT UPDATE We...
Hey Everyone, Please see our updated daily chart structure. Currently we are seeing price test support at 2309 with a candle break below opening gap to 2259 but we will need to see ema5 lock below 2309 to further confirm this gap otherwise a failure to lock below will follow with a reactional bounce here to 2355 We have marked the charts with the weighted...
Dear traders! Overall gold experienced significant volatility yesterday with a drop of over 800 pips to reach 2294 over the weekend. Accordingly, from a technical perspective on the 4-hour chart, the 2300 USD Psychological Resistance Zone continues to hold the price amid a correction and sell-off after a clear breakout on the chart. Personally, I appreciate that...
FX:USOIL looks to have created a short term low just below 7300. Im now looking at a rally so watching this PB going into Monday for a potential move back up towards 78-80. Watching for 7400-7480 on Monday to hold for the next move higher. Enjoy the week. More updates coming.
Dear traders! Gold established a downtrend after failing to overcome the resistance level of 2400 USD and closing below the negative level of 2300 USD as large buyers such as the Central Bank of China stopped buying thus negatively impacting gold prices before the weekend and is likely to have a long-term impact on gold in the near term. On the new outlook for...
Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this...
hello guys... gold is at the bottom of an ascending channel so we can consider a little upward movement from here! but from my point of view, I think it would continue to downward movement from 33% (the drawing arrow) or 50%(the blue area) of the last leg! targets is indicated in the chart are: 2285 2255 2222 ___________________________ ✓✓✓ Always do your...
Hello friends, Yesterday, gold experienced a significant drop, losing over 800 pips and breaking through the crucial 2300 USD support and psychological level. Gold's recent movement created a false breakout, misleading many investors. Looking ahead, we anticipate a retest of the 2282 USD level, followed by a mild recovery in line with basic wave structure...
Yesterday, China's announcement of halting gold purchases for the first time in 18 consecutive months caused significant volatility and upheaval in the market. Today (8/6), gold prices took a sudden nosedive, dropping by 3% to below $2,300/ounce overnight. As of now, there's still no news from the Chinese government. According to Jessica's personal prediction,...
XAUUSD price is near the support zone 2280 - 2267. If the price cannot break through the 2267 level, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
hello guys... gold FXOPEN:XAUUSD is on an ascending channel but after the sharp movement I think it will be on the downward compression for a while! what do you think?! if the gray area breaks up it would be bullish again and we can count on it! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in...
OANDA:XAUUSD reached a peak of $2,450 in May but has since fallen over 4%. This shift indicates a change in investor sentiment, with bullish investors likely seeking other opportunities. The weakness in gold may persist due to factors like inflation and the US central bank's restrictive stance. Traders watching short positions should pay attention to the $2,335...