THE KOG REPORT - FOMCTHE KOG REPORT – FOMC
This is our view for FOMC, 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.
Ok team, a simple one for this FOMC as we're expecting a bit of a curveball which is going to make it difficult to hold trades. For that reason, we have plotted the extreme key levels on the charts, anything intra-day and immediate support and resistance has been removed as it’s simply irrelevant if we see aggressive volume.
We have the level below which is also the order region 2730-40, a spike there with rejection can give this the momentum it needs to break upside and attack that 2800 level which is ideally what we want to see if they’re going to attempt it. We’ll be waiting higher however for them to complete the move and confirm a reversal, only then will we want to attempt the short trade back down using the red boxes.
Below the order region is the key level 2710-03, a push down there with a confirmed rejection and reversal, we’ll decide on whether to long or not back up using the red boxes level to level. We’ve done well on the KOG Report, we’ve shorted, we’ve longed and we’ve closed nicely on the bias level targets this week. We’re suggesting our traders take it easy, instil some patience and discipline, wait for them to take the price to where they want, then hunt the trade.
RED BOXES:
Break above 2762 for 2775, 2782, 2790 and 2810 in extension of the move
Break below 2740 for 2730, 2720, 2710 and 2698 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
Xauuasd
Gold continues to decline according to the technical chart.Gold prices continue to decline according to the technical chart. World gold prices dropped sharply last Wednesday after Mr. Trump won the election to the White House.
The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again.
Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October.
This week, the market is interested in some economic information such as US core CPI - data for the Fed to monitor inflation, weekly unemployment benefit data, US retail sales,... Owner Fed Chairman Jerome Powell will also speak on Thursday.
According to Adam Button, Director of Currency Strategy at Forexlive, the market is watching who will be America's next finance minister. He expects the price of gold to increase again if John Paulson is chosen, because he is a gold price speculator.
XAUUSD - KOG REPORT!In last weeks KOG Report we said we would like to see the market get some more buyers in a little higher up before again taking a decline. For that reason we were looking for the 1830-35 price point to get targeted and wanted to short the market from there. We said we wanted to short it back down into the 1815, 1810, 1800 and 1797 levels which the KOG target being 1785. All but one of our targets was achieved which is the 1833 price target. Another successful week for KOG followers and members on Gold.
So what can we expect in the week ahead?
Lets start by saying we’re still bearish on Gold. The chart suggests to us that we have lower levels to target and resistance levels should be used for short entries to target the lower levels. Longs should be traded with caution and targets should be immediate resistance levels.
We would like to see this go higher to start with as we still have that outstanding target of 1833 which is a bit far fetched given the structure but there is a possibility it could be achieved, so lets keep this level in mind while we’re trading this week. Keeping that in mind lets look at the immediate level of 1812-14 as the first target level and above that 1818-20. These are the levels we will be looking to test the short trades for the lower levels which are active. We have a support level at around 1795-2 which could be the first test on during the early session, this level could represent an opportunity to go long towards the resistance levels above. This was shared on our NFP and FOMC posts last week.
Or Plan:
We will be looking for the market to pullback a little on opening back down towards the 1795-92 level, if this level acts as support this could be an opportunity to long the market into the immediate resistance levels of 1797, 1804, 1808 and above that 1812. We would like to see resistance form at these levels and not get any aggressive candle body closes above key levels. If this happens then we will be looking to short the market down into our KOG level of 1770 as the first target.
The flip side to this is if we open and continue going up following on from the movement we saw on Friday. If this happens we will wait patiently for resistance to form above to short the market for the lower levels.
As we said we’re going to trade with caution this week as we still have the Excalibur target of 1833 active. We have shared the daily chart below which shows the trend we’re in and the potential for them to take this up towards the 1850-55 level before again dropping the market. For this reason use the levels on the chart to trade level to level as we usually do with the bias being bearish below 1820-24 and lower target level of 1770-1768.
We’ll update during the week as we go along.
As always, trade safe.
KOG
BTCUSDT, Possible scenarios (Details on caption)Hello traders.
As you can see, the price shifted the market structure to bearish by breaking the low at 44300.
The price grabbed the liquidity above 43578 and had a bearish reaction, now the price is in the supply zone that may push the price down. The target of this scenario can be the FVG created on 40280_ 40915.
on the other hand, there are two supply zones above the current price. So we can expect the price rise to fill the FVG, in this case, we can define the first target at 44300 and then the supply zone that formed at the 0.705 level of Fibonacci.
💡Wait for the update!
🗓️03/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Hellena | GOLD (1H): Short to support area 2024.854. Dear Colleagues, the price is still flat. I assume that the price will continue to decline, because the price is in a large wave 1 of the higher order. The nearest target is the support area at 2024.854.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The uptrend remains the main trend for the XAUUSD marketIG Company market analyst Yep Jun Long said gold prices were "neutral" in today's trading ahead of the PCE data release on the same day.
He said strong third-quarter U.S. gross domestic product data dispels market speculation about a possible Fed rate cut, as investors are still following commentary cues. It is said that it is not possible. Recent comments from Fed officials. This week, Fed officials talked about the possibility of rate cuts in the coming months, predicting slower growth and further cooling of inflation. The comments sent the yield on the 10-year U.S. Treasury note down to 4.2470%, its lowest level in 2 1/2 months. In current trading, the U.S. dollar index, which measures the dollar's strength against a basket of major currencies, has fallen to its lowest level in nearly three months, ending November with its steepest decline in a year. This development made gold cheaper for buyers using other currencies.
BUY 2036-2038
TP 2045
SL 2032
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
consolidation on XAUUSD. FOREXCOM:XAUUSD OANDA:XAUUSD
As you can see clearly, XAUUSD is on consolidation between 1950-1965.
I hope for the next week, price break this box no matter on which direction.
but totally, GOLD is bearish for me and there is lots of FVG on lower prices that needs to be filled.
my idea is on SHORTING GOLD again around 1960-1965. but if price break the last swing high, i will take some LONGS for at least 100 pips.
good luck traders. wish you all some big banks for next week
XAUUSD H4 : WOW SUCH GOOD BUY AREA Hi Guys Hope you well,
As we said before, gold is slowly approaching the perfect area for buying. There is a very good amount of liquidity in that area, which I think can push gold to the 2350 area. Right now I expect a very boring uptrend in gold to the supply zone around 2020.
SecondChanceCrypto
⏰17/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
The 4H chart is looking very much Bullish with the with price breaking out of a resistance structure with an immediate gap target open to 1685. We can also see MEA5 has crossed all MAs for a Bullish continuation with the last MA, MA200 being crossed on market close and potentially lock on Market open.
Our plans are to trade this with taking buys from any dips for the bull targets and track the movement level to level up and down using EMA5 cross and lock to confirm the movement.
EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN FOLLOWING BULLISH TARGETS
BULLISH TARGETS
1685 -
1691 -
1700 -
EMA5 CROSS AND LOCK ABOVE 1700 WILL OPEN 1708, 1718
BULLISH TARGET
1708 -
1718 -
BEARISH TARGETS
1672 -
1661 -
EMA5 CROSS AND LOCK BELOW 1661 WILL OPEN THE FULL SWING RANGE
SWING RANGE
1636
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 20 PIP SIGNAL SETUP IN ACTION!!!
This is a simple 20 pip setup that can be used in ranging conditions allowing intraday setups both ways.
We look for EMA5 to crossover MA21 UP or DOWN followed with a 1H closing candle, which we call the locking candle. Once this is done, we then enter on the next candle and target 20pips.
The example on this chart shows the setup in action hitting targets up and down.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Short Tram SELL signal....NOW
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
Please see updated weekly chart with a overall longer range target.
You can clearly see, we are still in a Bullish structure with the Goldturn trendline providing the ascending support.
Bullish TARGET
1944
SWING RANGE
1960
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Short Tram SELL signal....NOWAronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.