Hello all dear traders! Gold prices struggle to gain any meaningful traction and trade within a tight channel near $2,300. The Fed is less hawkish outlook dragged the USD to a multi-week low and supported XAU/USD ahead of key US NFP data. In the current context, the possibility of price increase is possible but it is unlikely to last long as it approaches the...
Hey Everyone, Our 4H chart is playing out perfectly in true level to level fashion. We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely. Today once again we had the...
FX:XAUUSD is strengthening after Friday's shakeout due to NFP, amid the dollar's decline. Possible retest of the liquidity area, with the aim of changing the trend. On H4 the price breaks the resistance of the wedge, formed within the corrective wave. The bulls are trying to hold above 2300, since the opening of the session the price strengthens to 2320 and...
End of day update from us here at KOG: We were expecting it to be a quiet day, but in true unconventional market fashion we actually had a blinding day on the markets, especially gold. Early session we saw the break above which confirmed the long trade, Excalibur activated, the red box strategy agreed, and we got not 1 but 2 fantastic long trades on gold. To...
#GOLD... A perfect move as per our video analysis, first of all congratulations to all. and now we have 2313 on chart as immediate supporting area for now, keep close it guys because its your key level now, if market hold it then further bounce expected from here, only buying invalidate below 2313. good luck trade wisely
Gold traded below the $2,300 mark during Friday's U.S. trading session following the release of the Nonfarm Payrolls and Unemployment Rate report. However, gold still maintained stability and closed the session around the $2,300 level. On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive...
End of day update from us here at KOG: Another ranging day giving opportunities to scalp but not hold trades unless you're already in from above. Bounces from support have given sharp moves but nothing to force us out of accumulation at the moment. We would now say caution on the markets as a breakout is imminent and ideally a swoop from above would be perfect...
In this article, I will show you a simple technical indicator that will help you to identify support and resistance levels easily trading any financial market. And what I like about this indicator is that it is absolutely free and it is available on all popular trading platforms: tradingview, meta trader 4, meta trader 5, etc. This indicator is called ...
Hello dear traders! Looking back at yesterday's trading session, gold has demonstrated its strength continuously after a series of 5 weeks of recovery, but in general, investor psychology still maintains optimism towards precious metals. The technical chart shows gold exiting the downtrend, which is an impressive move by the bulls as they not only successfully...
Hello all of you! XAUUSD is still falling amid a strengthening dollar and falling US Treasury yields. Scarce economic data in the United States will keep investors focused on Federal Reserve officials in the week following last Friday's US jobs report. In the mentioned chart, technical indicators are still negative, But! The price wave is still forming in a...
#GOLD... market still holding his supporting area as we told you in our video analysis. Guys we have only 2294 95 as immediate and most important supporting area for today, Keep close it and if market hold it in that case you can see a bounce from here .. Upside areas mentioned on chart.. Only invalidate buying below ,2294 Good luck Trade wisely
Hello all dear traders! Currently, gold price is fluctuating around 2301 USD unchanged compared to yesterday's trading session, continuing to stabilize its strength above 2300 USD. In general, in the short term, the fact that the US Federal Reserve (FED) has not lowered interest rates will reinforce the appreciation of the USD, thereby causing gold to more or...
By examining the gold chart in the 2-hour time frame, we can see that the price on Friday, after growing up to $2320, faced a heavy selling pressure and fell from $2320 to $2277, that is, more than 420 pips of yield! Finally, gold closed at $2301 on Friday, and today we saw gold grow again to $2324. Now, as I indicated on the chart, gold is in the supply range of...
End of day update from us here at KOG: As expected, the whipsaw caused a little havoc but levels have held up well. We've completed 3 Gold targets today on the move, leaving us back here where the move started. Would suggest now there would be no point in entering the market unless you're long from the support level. For the close, we need to break above 2308...
Spot gold continued to show an adjustment trend this week due to factors such as profit-taking by bulls and the dissipation of geopolitical risks. The market price continued to fall, reaching the lowest level of 2277.18. Although the closely watched non-agricultural data was bullish for gold, the boost to gold's performance was limited. The price of gold shot up...
FX:XAUUSD decreases volatility, smoothly moving into a consolidation phase before the publication of NFP. The market structure is bearish and the overall fundamentals are negative. What should we wait for? Today is quite a busy news day, but all attention is focused on NFP. The gold market is locally bearish and set for further decline. Breakout of 2295 and...
Hello traders ,what do you think about GOLD?Gold has been fluctuating between the 2300 and 2330 area for the past few days. Currently, the downward trend line has been broken. It is expected that after a little fluctuation in this zone, it will grow at least to the specified levels. If this post was useful to you, do not forget to like and comment.❤️
Gold (XAU/USD) is trading with a slight negative trend in the first half of the European trading session on Friday. Traders are currently displaying reluctance and caution ahead of the detailed announcement of monthly employment figures in the United States. The Non-Farm Payrolls (NFP) report is widely known and could significantly impact future policy decisions...