Steve's Gun2Head - Selling GOLDTrade Idea: Sell Gold (XAUUSD)
Reasoning: Posted a lower high below 21-day moving average, Bearish engulfing candle forming on 1-hour chart with further downside expected
Entry Level: 1836
Take Profit Level: 1812
Stop Loss: 1845
Risk/Reward: 2.67:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Sellgold
GOLD will correct fast to $1820After the DOUBLE TOP gold finished its wave 1 and 2 .
wave 1 has 5 waves and wave2 is 3 wave recovery but not up to 62% of wave1, therefore today's correction is considered as the beginning of wave3
wave 3 always be a swift wave , the first target is to bring the yellow metal to $1820 and if extended expect $1670 and finally $1407.
wave 3 may extend upto 162% of wave 1 .
Steve's Gun2Head Trade - Selling XAUUSDTrade Idea: Selling XAUUSD (Gold)
Reasoning: Following a shooting star type candle on the daily chart expecting some downside follow through. Also, based on positive dollar flows into the weekend.
Entry Level: 1876
Take Profit Level: 1882
Stop Loss: 1852
Risk/Reward: 4:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
XAUUSD - KOG REPORT!KOG Report:
In last week’s KOG report we again suggested we weren’t convinced by the bullish sentiment in Gold and we would be targeting lower levels on Gold. We stated that as long as the price stays below that 1960-65 level our target will be the 1890-95 price point. We updated this during the week with our plans together with the levels and targets for the short destination which you can see has now completed. We completed 17 targets across numerous pairs in Camelot giving us a pip capture which again was through the roof. That’s along side all the free trade ideas we had posted on TradingView.
So, what can we expect in the week ahead?
We will be looking for some bullish momentum in Gold in the week ahead with the immediate level we want to target being the 1917-20 region and above that 1925-30. What we do want to see however is a swoop on some voids below which could give us a double bottom on the 4H timeframe. The concerning thing for us is we still have lower targets that are active on Gold, so we will trade the new week and first few days of the month with caution. There is a chance they can swing low into the void, take liquidity from there and then push the price up before facing resistance and then dropping it again! For that reason we will have the weeks bias a bullish but overall bias will remain bearish for now! We want to see how the 1925-30 price point takes in the price if it gets there. We have shown the levels we are looking at and together with the support and resistance levels. We will break this down during the course of the week and take it step by step making sure we remain in the right direction on Gold, as we have been. Again, that 1960 price level is very possible and again, if we get that far up, we will be looking for the price to remain below this level to maintain our bearish view.
Theirs is every possibility this can begin to settle in between this range of 1875 and 1930 so look out for the range, plot the levels and use the range trading strategy we have shared on TradingView previously. We will link it to this post for you!
So as always, we will trade this with two scenarios in mind. Please read this carefully as the we can do so much to create the roadmap on the chart without cluttering it with too many lines and arrows.
Scenario 1:
We open and price find support around where we have closed or just below here. We feel this would be a good opportunity to test the long trade into the first level of 1915-17 and breaking that the next level of 1930. 1930-35 is where we want to again assess the price action and the structure of the chart before deciding whether to hold our trades or to then release all the longs and test the short trade back down to test the patterns neckline. Please note, that breaking above the 1935 price region could entail the price going further into the higher resistance level of 1960-65 where again we will look for the short. From 1935-1960 we will switch to our level to level trading strategy holding partial longs from the lows, if we get the entry!
Scenario 2:
Price pushes up from the open. We will not go long, rather wait for a retest of support to go long or if it doesn’t hit the 1915-17 level, or wait for the 1915-17 level to either resist the price or turn into support. Once this is confirmed we will be happy to go long to target the higher levels for support levels until we reach 1930-35 and above that 1960. At 1960 we feel the opportunity again will arise to short the market down into the lower support regions starting at 1910. We will of course update during the week.
In summary:
We have a lower level of 1858 as a target and higher level of 1960 and above that 1995 again. We either want to lows to be complete to give us the entries for the longs into the higher levels, or, we want the high to be complete so we can short it again down into our lower targets. New week, new month, we have a rule in Camelot where we take it easy during the first few and last few days of the month. Let the market settle and find its feet, the trades will come, it just requires patience, and patience pays!!
Hope this helps in preparation for the week ahead, we will update you as we go along as we usually do. 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
⭕️SELL GOLD at the best Place ❗️❗️⭕️You see the analysis of gold in 30 minutes (XAUUSD , m30)🔎
🔰Sell Limit XAUUSD at 1937
✅TP ; 1927
❌SL ; 1941
🔰The trend lines are marked in white and the resistance line in orange.❗️
The best position to sell gold is at the intersection of the downtrend line and the resistance line, and the goal is to cross the range of the uptrend line.🧐
The profit and loss limits are clear in the image👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
XAUUSD - KOG REPORT - FOMC!KOG Report – FOMC
This is our view for FOMC today, 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 can cause aggressive swings in price.
We’re going to keep it short for this report as we’re not really changing our plan from the KOG Report and daily analysis which has been shared here over the course of the week. We’ve already hit the higher level where we suggested shorting the market which gave a decent return on yesterday’s move. We are expecting the range to potentially break with hopefully an upside swoop on liquidity before testing the lower levels that are illustrated on the chart. We will be looking for the price to stay below the 1950-60 price point, the price region is 100pips because this is FOMC and being a high-volume event (usually), the market can surpass levels with aggressive spikes.
So, we will look at this with two scenarios in mind with the bias being towards the move upwards first!
Scenario 1:
The price pushes up into that 1945-50 and above that 1955-60 price region, these areas we feel would represent an opportunity to short the market back down into the 1930, 1920 and below that 1903 price points initially. Once the entry is placed and in profit we will take partials along the way and protect the trade.
Scenario 2:
Price pushes down. In this scenario we will wait for the lower levels of 1885-7 and below that 1860-65 for the price to exhaust and then we feel this price points would represent an opportunity to go long on the market back up towards the 1910 and above that 1920 price points.
This could again be an anti-climax like we've seen recently as these rate hikes have been priced in. What the market will be waiting for is the press conference which will be around 19:30 UK time where Powells responses can move the markets.
In our opinion the best way to trade this is not to. Stay out until tomorrow, they will move the market to where they want to buy or sell it, that’s what we as traders should do to, wait for them to move the market, let it find its base and then think about taking the trade.
Our immediate target level is around 1945 so we’re hoping this target is completed at some point today.