Gold is Ready to Fall again!!!Gold ( OANDA:XAUUSD ) started to pump, as I expected in the previous post .
Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ) and approaching the Upper line of the Ascending Channel .
According to Elliott's wave theory , Gold is completing microwave 5 of the main wave C .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔Be sure to follow the updated ideas.🔔
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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Goldsignals
Gold buy trade just started gaining positive traction and support prospects for a further appreciating move for the Gold price. Hence, some follow-through strength towards reclaiming the $2,700 mark, en route to the $2,720-2,722 supply zone, looks like a distinct possibility.
Gold buy 2665
Target 2717
GOLD BUY | Idea Trading AnalysisGOLD is creating symmetrical triangle and is moving in a descending AND is moving in an UPWARD channel.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
XAU/USD : Gold will pump to $2700 ? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is where the price will close in the next 6 hours.
We might see an initial rejection, but due to recent developments in the Middle East and increased risk, further growth in gold prices is anticipated. Keep a close watch on gold's reaction to the levels of $2689 to $2695. This analysis will be updated moment by moment as the price moves!
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
THE KOG REPORT - ELECTION SPECIAL - UpdateDaily chart – Election Special:
Quick update on the election chart we have been sharing since the beginning November. As you can see it’s worked well, however, at this stage of the movement we should have seen more upside movement on gold, which the accumulation is controlling. We have now added the additional level below 2590, as potential which corresponds with the KOG Report that has been posted.
Otherwise, nice clean movement, projected from the highs, swings were captured and levels worked extremely well. Red arrow was the projection, green arrows tracking movement.
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
XAUUSD consolidating awaiting the bullish break-out.Gold (XAUUSD) has been trading within a Channel Up pattern, with its most recent Higher Low being priced on the 1D MA100 (green trend-line). Since November 25, it has been stuck in range within the 1D MA100 and the 1D MA50 (blue trend-line).
As pre the RSI, this is a consolidation before the bullish break-out that will confirm the new Bullish Leg. A similar RSI consolidation around its MA trend-line was last seen during Gold's last Higher Low formation (June 07 - 27).
The break-outs Target was Resistance 1, so that is our Target again (2790). If however for any reason the price closes a 1D candle below the 1D MA100, we will be quick to take the small loss and on the counter go short, targeting the 1D MA200 (orange trend-line) at 2500.
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THE KOG REPORT THE KOG REPORT
In last week's KOG report we said to expect choppy price action, but we did not expect it to last the whole week! What a week however, the range allowing traders to trade within it up and down making the most of the levels on the boxes and Excalibur. We gave the weekly key level as 2620 which we said will need to break to go lower, otherwise, opportunities from that level were available and worked well.
On Friday we published the NFP report, again giving the key level for the push up 2625, this also worked well for traders, with the bonus of the short to end the week. A fantastic week for traders with us completing a phenomenal 37 targets across the markets!
We had that higher region of 2670 which however was not visited, so is it still available? Let’s dive in.
So, what can we expect from the week ahead?
This week we would expect this price action to continue, the range getting a little larger but the up and down movement making it difficult to hold position, at least for the first part of the week. We have that key level of resistance above again at 2650 with that level of 2670 still active on our books. For that reason, we feel this decline isn’t ready just yet, but the lower levels are available for consideration. Support below 2620 and below that the 2610 level are opportunities if we can continue this slow decline downside. We have the extension of the move at 2590 as key level support, so we feel that’s the ideal long trade for the swing up, if attacked.
Looking at the chart in more detail, and applying the red boxes, we can see we have defence above at 2635-40, which if held, can continue this move down into the red box 2625 as the immediate level for the range. A break of that level will take us further into breaker move 2610 and 2590 before any exhaustion.
As we close in to the festive period, we can expect volume to be thin over the coming weeks as well as sudden burst of profit taking, so please trade carefully for the remainder of the month, reduce your lot sizes and make sure you have a sensible risk model in place.
KOG’s Bias for the week:
Bearish below 2665 with targets below 2620 and below that 2610
Bullish on break of 2665 with targets above 2670 and above that 2685
RED BOXES:
Break above 2639 for 2650, 2660, 2663 and 2670 in extension of the move
Break below 2627 for 2620, 2610 and 2595 in extension of the move
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
XAUUSD next move. 2H timeframe analysis.Trading Idea: Sell Target 2604 with Pullback Opportunity
Asset: XAUUSD
Timeframe: 2H
Current Price: 2633
Target: 2604
Technical Setup:
The market is in a downtrend, with lower highs and lower lows. Price is heading toward key support at 2604, a strong historical level. Indicators show continued bearish momentum:
RSI is near overbought, suggesting potential for a correction.
MACD remains negative, signaling more downside.
Price is below both the 50 EMA and 200 EMA, confirming the overall bearish trend.
A move towards 2604 may trigger a temporary pullback, so watch for reversal signals (bullish candles or patterns) for potential long entries after hitting this zone.
Fundamentals:
The broader market sentiment is risk-off, with global concerns over weighing on risk assets. Any negative economic data or geopolitical risks could drive further bearish pressure.
GOLD (XAUUSD): Deep Consolidation & Your Trading Plan
Gold is trading in sideways range for more than 2 trading weeks already.
The recent high impact fundamental releases, did not manage to violate
its weakness.
Next week, pay attention to the reaction of the price to the support
and resistance of the underlined range.
If the price breaks and closes below 2605, it will open a potential
for a further bearish continuation to 2565.
Bullish breakout of the resistance of the range and a daily candle close above
2666 will confirm the strength of the buyers. The up movement will be expected
at least to 2715.
The absence of strong fundamental triggers will continue the consolidation.
Alternatively, you can trade the market within the range, buying from its support
and selling from its resistance.
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THE KOG REPORT - NFPTHE KOG REPORT – NFP
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
Quick report this week with the key levels to look for during the rest of the day. We had the 2630-35 region hold price down, giving us the move into the lower target regions completing all the bearish targets for the week, so now we’ll look for a similar move, or, simply stay out of it.
We have the level of 2670 still active from the KOG Report, maybe they have held back all week to swoop that level, so for that reason, that is where we will look to for a RIP and possible short attempt.
Circled below is a key level, 2625, any attempts at that region with rejection can give that push upside, unless broken. We did say yesterday a break of support will take us into those lower levels of 2610-15 which has already happened, so a similar move can not be discounted for a potential bounce from below.
Due to the range, the movement can be extreme, so please be careful, remember the trade comes after the event, let them move price to where they want, look for a clean reversal and you can capture the reversal.
RED BOXES:
Break above 2650 for 2661, 2664 and 2670 in extension of the move
Break below 2625 for 2615, 2610 and 2695 in extension of the move
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 Analysis ==>>Expanding Triangle Pattern!!!Gold ( OANDA:XAUUSD )is entering the Resistance zone($2,667-$2,653) .
From the point of view of Classical Technical Analysis , Gold seems to be moving in the Expanding Triangle Pattern during the last 3 days .
In terms of Elliott wave theory , Gold appears to be completing a Zigzag Correction(ABC) . ( Wave B(WXY) was complicated ).
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop to at least $2,642 , and if the Support lines(1,2) break, the Heavy Support zone($2,642-$2,620) can also break.
⚠️Note: You can enter a Short position by considering capital management after finding a trigger near the resistance lines or after breaking the Support zone($2,652-$2,648).⚠️
⚠️Note: However, the next few hours(6:45 pm UTC) of Fed Chair Powell's Speech will greatly impact the Gold trend.⚠️
⚠️Note: If the Resistance lines(upper line of triangle) and the Resistance zone($2,667-$2,653) are broken, we should wait for the Gold pump.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD : Bullish or Bearish? Let's See! (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level.
- Bullish Scenario: If the price stabilizes above $2640, we can anticipate further growth with $2660 as the first target.
- Bearish Scenario: If it fails to hold above this level, a move toward $2623 is very likely.
This analysis will be updated as the situation develops!
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
XAUUSD Trade LogXAUUSD Buy Signal:
Entry within the daily Fair Value Gap (FVG), aiming for a 1:3 Risk-Reward Ratio (RRR) with 1% risk. While there is a conflicting bearish FVG that might obstruct the path to the take-profit (TP) level, the trade setup remains valid and will be executed regardless.
Key Details:
- Risk: 1%
- RRR: 1:3
- Entry: Daily FVG in a discounted zone
- TP: Positioned below the bearish FVG to mitigate resistance
- Note: Monitor price action near the bearish FVG as it may create challenges for the bullish move.
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 sell signal confirm Gold price remains heavily offered tone through the early European session and is currently placed near the lower end of its daily range, around the $2,629 region. This marks the first day of a negative move in the previous five and is sponsored by a combination of factors.
Gold now sell 2635
Support 2621
Support 2610
XAUUSD Still a great long-term buy opportunity targeting +$3000Gold (XAUUSD) has been following our Bull Cycle projection since 4 months back (August 05, see chart below) having risen an incredible +15%, from 2424 to almost 2800:
As you can see by the chart we constructed back then, despite the recent correction in November, the yellow metal is still a buy opportunity as this was only a technical pull-back based on our Bear - Bull Cycle model.
We have first come up with this technical pattern on April 04 2024 and the basis was the similarities (so far) of the July 2016 - August 2020 Bear-to-Bull Cycle with the Bear Cycle that followed the August 2020 Top and so far the current Bull Cycle.
As you can see, once the 1W MA50 (blue trend-line) turned to a Support at the end of the Bear Cycle, it held up until the Bull Cycle's Top and every pull-back was a buy opportunity. More specifically, the current November correction looks very similar to the COVID flash crash on March 2020 that touched the 1W MA50 and immediately rebounded.
The key pattern here lies on the 1W RSI. As you see, once that broke above the 70.00 overbought barrier, while Gold was on the Bull Cycle's Channel Up, it started to decline inside a Channel Down. That technical Bearish Divergence (RSI Channel Down against Gold's Channel Up) affected the price on the 3rd top (Lower High), which was the Cycle's peak.
Right now it appears that the 1W RSI has (or is near) bottomed and is staring that final Bullish Leg to the Lower High that will form Gold's new Bull Cycle Top. Technically this should be after April 2025 and if it is formed again upon the completion of a +85.42% rally from the Bear Cycle's first bottom and at most the 3.0 Fibonacci extension, then we are still expecting a $3100 target.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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