XAUUSD Our 2600 long-term Target is intact.It has been almost 2 months since our long-term buy signal on Gold (XAUUSD) where within the overall Channel Up, we called for the start of the new Bullish Leg (July 08, see chart below):
It is time to update this as the price is getting closer to our 2600 Target. A weekly pull-back within the Bullish Leg is to be expected and then final run to 2600 (could even be higher).
The symmetry inside the Channel Up has been remarkable and what's standing out has been the % pull-backs and waves of the smaller Channel Ups (Bullish Legs). As long as the 1D MA100 (red trend-line) held, the trend pushes for a Higher High. When it broke (closed a 1W candle below it), we had a long-term correction.
As a result, we stay committed to our 2600 Target and then will buy if the price pulls back near it but will take then loss and reverse to a sell if we get a 1W candle closing below it (and target the 1W MA50 (blue trend-line)).
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Goldsignals
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
INTRADAY ANALYSIS (SHORT TERM) Most technical indicators are suggesting a "Strong Sell" position. The Relative Strength Index (RSI), Stochastic Oscillator, MACD, and other indicators are all pointing towards a sell, indicating downward momentum for gold prices on an intraday basis
The moving averages across different time frames also show a "Sell" signal. Both simple and exponential moving averages over various periods (5, 10, 20, 50, 100, and 200-day) are suggesting a bearish trend, further supporting a downtrend for gold in the short term
Support and Resistance Levels: According to the pivot points, the key support levels for gold are around $2,526 to $2,532, while resistance levels are identified around $2,537 to $2,539. These levels could act as critical points where price action might either bounce back or break through
Given this data, gold is expected to face downward pressure throughout the day. However, keep an eye on the support levels as potential areas for reversal or a slowdown in the downtrend.
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would be looking for the high to confirm which worked well, to then short into the lower support levels which we got nearly to the pip. We then said we would long looking for price to attempt the ATH to finish off the week, this move completed half way. During the week, we said traders should look for an undercut low which was again achieved and gave us another opportunity to long back up. On Thursday we suggested traders protect trades and take a majority as price seemed to struggle at resistance. Fortunately, that was the perfect time as we then witnessed the attempt at rage low again which is where we closed.
A fantastic week on not only gold, but the numerous other pairs we trade hitting targets and completing another phenomenal month in Camelot.
So, what can we expect from the week ahead?
For this week we have to keep in mind we’re still in that range and price is accumulating. That entails these swings up and down as they’re simply gathering orders before a potential breakout. We have a US Holiday tomorrow so volume during that session should be low and on Friday we have NFP, so we can expect a lot of movement Tuesday into Thursday pre-event.
We’ve plotted the potential range we feel price may play but that’s based on it remaining below the 2515 region. Ideally, on open we would like to see this attempt the resistance level and fail, if that is confirmed, we feel an opportunity to short into the lower support levels are available with the initial level being 2480-85.
It’s these lower levels we want to monitor as the tap and bounces can come from below if reached taking this back up. We have to be mindful this week due to NFP which is likely to cause the whipsaw, and if they do want to attack that ATH again, we feel this is when it come.
Please keep an eye out for KOG’s bias of the day together with the red boxes we share. These have proved to help traders in stay the right side of the markets and work extremely well with the target levels we post across all the pairs we trade.
We’ll say this report is applicable until mid-week, we’ll then prepare for NFP.
KOG’s bias of the week:
Bearish below 2515 with target below 2485
Bullish on break of 2515 with target above 2540
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
Gold will move up after reaching 2458 - 2433 zone on Daily FrameMy expectations for gold movements during the coming week
After the daily candle failed on Friday and the rest of the week to close above 2531, the candles will head to cheap areas on the daily candle to obtain liquidity, and indeed the market movement on Friday was a rebound of gold to the 2494 areas, where it corrected after that to restore FVG consideration near the price of 2505
With the beginning of next week, the price will retest the 2507-2513 areas before falling again towards the areas drawn in the figure, which are important liquidity areas on the daily and weekly candles, and the first area is 2458 and contains an order block on the 4-hour frame, and the price was able to fill the previous FVG, and here also there is an order block on the daily frame, meaning that we are in a Unicorn, and therefore the price can often rebound from this area, but if the price fails to rise and close above 2500, then we may see a retest of a cheap area on the weekly frame, which is an area that extends to prices of 2430, which is an order Block on the 4-hour frame intersecting with FVG and it is very possible to take liquidity from under the news candle at 2434 and make Turtle soup and then rebound..
Bounce to where.. To the Rejection Block area that is clear in the drawing there where there is very high liquidity above 2527 and of course with a Fibonacci extension above the swing 127 - 138 - 168%.. As an expansion we expect the price to reach prices of 2560 - 2600
Any talk at the present time about a very large drop in gold is illogical at least before the Federal Reserve meeting and the approval of cutting interest or not
This is my vision of the expected price movement next week..
If there are additional or different visions.. According to ICT or any other schools, we may share here on the post for the benefit of everyone..
The information in the post is not investment advice.. It may be right or wrong
GOLD (XAUUSD): Important Support and Resistance Levels
Here is my latest structure analysis and important
support and resistance levels to focus on Gold.
Resistance 1: 2525 - 2531 area
Support 1: 2470 -2484 area
Support 2: 2432 - 2447 area
Support 3: 2353 - 2381 area
Consider these structures for pullback/breakout trading.
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GOLD → if the neckline breakshello guys.
Inverse Head and Shoulders Pattern:
The price action is forming an "Inverse Head and Shoulders" pattern, with the left shoulder, head, and right shoulder clearly marked. This pattern typically indicates a reversal from a downtrend to an uptrend.
The neckline of the pattern is located around the resistance zone at approximately $2,534.
Breakout Potential:
The price is currently trading near the resistance zone (neckline). A breakout above this level would confirm the pattern and could lead to a strong bullish move.
If the breakout occurs, the target of the pattern is set around the $2,555 level, representing a substantial upside potential.
Support Levels:
The key support level is near $2,495, which aligns with the head of the pattern. A break below this level would invalidate the pattern and may lead to further downside.
Key Levels to Watch:
Neckline Resistance: Around $2,534.
Target of Pattern: Around $2,555 if the breakout is confirmed.
Potential Trading Strategy:
Consider entering a long position upon a confirmed breakout above the neckline ($2,534), with a target around $2,555.
Place a stop-loss below the right shoulder or the head of the pattern to manage risk effectively.
Overall, the chart suggests a bullish setup with a potential breakout above the neckline that could lead to a significant upward move. The Inverse Head and Shoulders pattern supports a bullish outlook as long as the price remains above key support levels.
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GOLD → two QML are fighting against!!hello guys.
Breakout of the Main Channel:
The price has recently broken out of a main ascending channel, suggesting the start of a new bullish phase. This breakout indicates strength and potential continuation to the upside.
Key Levels and QML (Quasimodo Levels):
Two significant Quasimodo Levels (QML and QML 2) are marked on the chart. These levels are typically reversal zones, and they have been tested, with the price showing reactions near these areas, indicating their importance as support and resistance.
Current Price Action:
The price is currently trading around the $2,517 level, within a consolidation phase just below a resistance zone near $2,530.
A small pullback is expected before making another attempt to breach the resistance zone and reach the first target.
First Target:
The first upside target is set around $2,535, which aligns with the next significant resistance area. This level serves as a potential profit-taking zone for traders going long.
Trendline Support:
The ascending trendline acts as a dynamic support. As long as the price stays above this trendline, the bullish momentum remains intact. A bounce from this trendline would confirm the strength of the uptrend.
Potential Bullish Scenario:
If the price breaks above the resistance near $2,530, it will likely hit the first target at $2,535. A successful breakout could lead to further upside, continuing the bullish trend.
Overall, the analysis points to a bullish continuation for Gold, with the key resistance level at $2,530 being the immediate hurdle. Watching how the price interacts with this resistance and the trendline will be crucial for gauging the strength of the bullish move.
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GOLD (XAUUSD): Bullish Accumulation Again?!
I see clear signs of a bullish accumulation on Gold again.
As previously, the price sets higher lows, setting equal highs.
Looks like the market is preparing for a breakout attempt of the underlined red resistance.
IF the price breaks and closes above that, it will be a strong bullish signal.
A bullish continuation will be expected at least to 2540 level then.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD / TRADING ABOVE TURNING LEVEL - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
yesterday , retest to turning level + 160 pip profit , today as long as remains above turning level at 2,507$ it likely to reach resistance level , however if the prices breaking this level refers to decline until to reach support level .
Tendency , prices is under upward pressure , until trading above turning level at 2,507$
Upward Condition : The price is currently showing bullish momentum. As long as it stays above the turning level of 2,507$ , it is likely to move upward toward the resistance levels (1) at 2,532$ and then resistance level (2) at 2,555$.
Downward Condition : To reach the 2,475$ support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 2,507$ . If it stabilizes below support level (1) , a further decline toward the support level (2) at 2,459$ can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 2,532$ .
RESISTANCE LEVEL (2) : 2,555$ .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 2,475$ .
SUPPORT LEVEL (2) : 2,459$ .
TURNING LEVEL : 2,507$ .
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices surged on Friday as the US Dollar and Treasury bond yields tumbled, driven by dovish comments from Federal Reserve Chair Jerome Powell. With the Fed signalling a policy shift and acknowledging that inflation is nearing the 2% target, the focus has turned towards achieving maximum employment. This backdrop has sparked renewed interest in gold among Western investors, especially as expected interest rate cuts could reduce the opportunity cost of holding the precious metal.
In this video, we analyze the current market dynamics, showing why gold may not be overbought and why there’s potential for continued upward momentum. The CME FedWatch Tool indicates a 25 bps rate cut is fully priced in, with rising odds for a larger cut. We’ll dive into both the technical charts and fundamental factors that favor higher gold prices in the coming week.
XAUUSD Technical Overview:
This week, we're focusing on the $2,495 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#Gold #XAUUSD #Forex #FederalReserve #InterestRates #Inflation #TradingStrategy #MarketAnalysis #TechnicalAnalysis #Investing #ForexTrading #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
GOLD (XAUUSD): Consolidation Continues
Quick update for Gold.
The market is currently stuck within a wide horizontal range on a 4H time frame.
After a test of the resistance of the range, we see a strong bearish reaction to that:
the price formed a double top pattern and broke its neckline.
I think that the price may drop to the support of the range.
Goal - 2484
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAU/USD : Key Levels and Trading Strategies to WatchBy reviewing the #Gold chart on the 2-hour timeframe, we can see that today the price climbed to higher levels, reaching the $2525 range. Currently, there has been an initial reaction to this supply zone. The price is close to its historical high of $2531, and we need to see if it will stabilize below $2520 or above $2527 in the next 4 hours. Day traders will need more confirmation before taking a SELL position, while scalpers can look for suitable SELL triggers within the $2527 to $2532 range, managing risk carefully and taking quick profits. My medium-term outlook on gold remains bullish, and I expect to see the price reaching $2550 and $2600 soon.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
Xauusd chart Gold (XAU/USD) trades up into the $2,520s on Monday, as a combination of safe-haven demand sparked by rising geopolitical tensions in the Middle East, and increased confidence US interest rates will track lower in the medium-to-long term, make the non-interest paying asset more attractive to investors.
Gold buyers need to recapture the record high of $2,532 to take on the next key barrier at the $2,550 level.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2522
Support 2530
Support 2544
Resistance 2512
Resistance 2500
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Time to turn bearish short-term.Just 2 weeks ago (August 13, see chart below), we turned bullish on Gold (XAUUSD) as the new Bullish Leg of its 12-week Channel Up started:
Now that our 2545 Target is very close to getting hit, the price should price its new Higher High and then start a technical pull-back in the form of its new Bearish Leg. Once the 1D RSI hits the 3-month Resistance Zone, we will have our sell signal.
Given that the previous Bearish Leg bottomed on the 0.618 Fibonacci retracement level, we set a rather modest Target at 2450 for our sell (quite higher than the projected 0.618 Fib).
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Xauusd weekly chart Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold continues to test the mid-July all-time high at $2,484/oz. and is likely to do so again but slightly further out. The daily chart remains technically bullish - short-term higher lows and supportive simple moving averages – with initial support off the 20-dsma at $2,417/oz. followed by $2,400/oz. A break below $2,380/oz. would negate the short-term bullish outlook.
Gold confirm signal weekly chart
GOLD (XAUUSD): Bullish Movement to All Time High
Gold closed in a very strong bullish mood this week.
The price retested a recently broken horizontal resistance,
bounced and violated a resistance line of a bullish flag pattern on a 4H time frame.
Probabilities are high that the market will continue growing next week.
Next goal for buyers will be the resistance based on a current All Time High.
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GOLD NEW ATH COMING 2500$HELLO TRADERS
As you can see our previous analysis hit all given targets on #Gold and now after ATH it had done a nice retrace to 2300$ and now if we see the geopolitical issue around the world and US economy shirking down and down day by day Bricks and WW3 China trades and war seems not going to stop soon as we can US Gov Support and Funding all his allies and many other things els we expected that if #Gold hold above 2300$ then this is going to create a new all Time High if we see technically view GOLD is now trading above 2300$ levels after ATH it had retrace 1500+ pips this week NFP outcome can create volatility in markets I had Drawn a Fib retracement till last dip it show Gold perform well to the Golden Fib levels Friends this is just a trade idea Share Ur thoughts with us it help many other traders
Gold Analysis==>> More DumpsAs I expected in the previous post , Gold started its correction from the Potential Reversal Zone(PRZ) .
Gold has already managed to break the lower line of the ascending channel .
Also, Sell Signal is created by EMA(100) and SMA(100) .
I expect Gold to continue to correct and, at least, fall to the Targets I have outlined on the chart.
Note: We should wait for the Gold pump if Gold can break the Resistance zone($2,501-$2,493) and Downtrend line.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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