GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3305 and a gap below at 3271. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3305
EMA5 CROSS AND LOCK ABOVE 3305 WILL OPEN THE FOLLOWING BULLISH TARGETS
3334
EMA5 CROSS AND LOCK ABOVE 3334 WILL OPEN THE FOLLOWING BULLISH TARGET
3359
EMA5 CROSS AND LOCK ABOVE 3359 WILL OPEN THE FOLLOWING BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3271 WILL OPEN THE FOLLOWING BEARISH TARGET
3227
EMA5 CROSS AND LOCK BELOW 3227 WILL OPEN THE SWING RANGE
3185
3146
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD trade ideas
Gold- Short-Term Bull, Medium-Term BearIn my previous analysis, I pointed out the possibility of Gold correcting back to retest the broken descending trendline.
That zone is now acting as a key confluence area, and as long as the price holds above it, bulls maintain the advantage.
However, beyond the technicals, I also shared my personal view: while we could see some upside in the short term (next few days), I believe that Gold is setting up for another leg down in the medium term.
From a strictly technical perspective, the current price action reinforces the likelihood of a short-term bounce. We're seeing a clean retest of previous resistance turned support, which often leads to continuation moves.
📉 But if you're aiming for 1,000+ pip swings (like me), it's wiser to wait for clear bearish confirmation. The real opportunity may come after this short-term rise, at least in my opinion.
In conclusion:
- Short term is bullish as long as it stays above 3340-3350 in terms of daily close
- In the medium term, my opinion is unchanged, drop to 3200
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GOLD → Consolidation before a strong move...FX:XAUUSD is consolidating after a false breakout of resistance at 3365, awaiting economic data. The metal remains attractive to investors amid the economic crisis.
Gold is supported by the weakening dollar amid increased trade risks. Today, US tariffs on steel and aluminum come into force, and Trump's ultimatum to trading partners expires. Investors are also awaiting news of a possible meeting between Trump and Xi Jinping amid new accusations against China. The focus is on key employment data (ADP) and the ISM services index, which could influence the dollar and expectations for the Fed's actions.
Technically, the market may test the 3323 liquidity zone before continuing its growth.
Resistance levels: 3365, 3391
Support levels: 3345, 3323, 3303
Overall, both the global and local trends are bullish, with the price forming a local correction after a false breakout of resistance. If the bulls hold their ground above 3323-3345 after retesting support, growth may continue in the short to medium term.
Best regards, R. Linda!
Gold will make impulse up from support line of triangle to 3430Hello traders, I want share with you my opinion about Gold. Some days ago, price entered to triangle, where it made an upward impulse at once to the resistance line, breaking the resistance level. But then price turned around and in a short time declined back, breaking the resistance level one more time. Next, Gold continued to fall and reached the support line of the triangle. After this, it made an impulse up again and exited from the triangle pattern with broke the 3280 level. Price rose to the resistance level and then started to trade inside another triangle pattern. In this pattern, Gold dropped from the 3430 resistance level, which coincided with the resistance line, and dropped to the support line, breaking the 3280 level. After this movement, Gold turned around and started to grow, and later reached the 3280 level and broke it again. Then the price continued to grow and reached the resistance line of the triangle pattern, where at the moment continues to trades near. In my opinion, Gold can rebound from the support line of the triangle and rise to the resistance level, exiting from triangle pattern. For this case, my TP is 3430 level. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed.
We started the day with our Bullish target hit at 3305 followed with ema5 cross and lock confirmation for 3334, which was hit perfectly with a further lock opening 3359 also completed.
We now have a cross and lock above 3359 opening 3389. We will continue to track the movement using cross and lock and any rejections on the levels will see price test the lower Goldturns for support and bounce.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3305 - DONE
EMA5 CROSS AND LOCK ABOVE 3305 WILL OPEN THE FOLLOWING BULLISH TARGETS
3334 - DONE
EMA5 CROSS AND LOCK ABOVE 3334 WILL OPEN THE FOLLOWING BULLISH TARGET
3359 - DONE
EMA5 CROSS AND LOCK ABOVE 3359 WILL OPEN THE FOLLOWING BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3271 WILL OPEN THE FOLLOWING BEARISH TARGET
3227
EMA5 CROSS AND LOCK BELOW 3227 WILL OPEN THE SWING RANGE
3185
3146
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAU/USD) 4H CHART – BULLISH BREAKOUT TRADE SETUP🔵 Trendline Breakout 📈
📏 Price broke above a descending trendline, signaling a potential bullish reversal.
🔼 This breakout is often seen as a buy signal by traders.
🧱 Resistance Area 🛑
🔹 Price has entered and broken through a horizontal resistance zone.
🔄 This zone may now flip into support, adding confidence to the long setup.
🟧 Demand Zone 📦
📍 Marked between 3,267 – 3,298.
🛡️ Strong buying interest historically observed in this area.
📉 EMA (70) at 3,298.065 acts as dynamic support.
🟦 Entry Point 🚪
🎯 Entry Level: 3,322.930
🔄 Enter after retest confirmation or bullish candle above resistance.
🔴 Stop Loss ⛔
⚠️ SL Level: 3,267.993
💣 Below the demand zone and EMA — protecting against false breakouts.
🟩 Target Point 🎯
🚀 TP Level: 3,490.000
📌 Prior high zone — strong historical resistance expected here.
💰 Trade Setup Summary
✅ Buy Above: 3,322.930
❌ Stop Loss: 3,267.993
🎯 Target: 3,490.000
📊 Risk/Reward Ratio: Favorable (approx. 1:3)
🔎 Technical Confidence Levels
🔵 EMA Support ✅
🔵 Trendline Breakout ✅
🔵 Resistance Flip ✅
🔴 False Breakout Risk
Here's a weekly buy-side analysis🟢 Bias: Bullish (Buy)
Gold remains in a long-term uptrend, with fundamental and technical factors supporting continued upside.
50 & 100 EMA: Price is well above both EMAs, confirming bullish momentum.
RSI: Around 60–70 on the weekly; no bearish divergence yet.
MACD: Histogram ticking upward with bullish crossover in play.⚠️ Risk Factors
Sudden USD strength due to surprise Fed hawkishness.
Strong U.S. labor or inflation data that pushes bond yields higher.
Gold profit-taking near ATH could cause sharp but temporary pullbacks.
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3318 and a gap below at 3281. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3318
EMA5 CROSS AND LOCK ABOVE 3318 WILL OPEN THE FOLLOWING BULLISH TARGETS
3352
EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGET
3388
EMA5 CROSS AND LOCK ABOVE 3388 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3281
EMA5 CROSS AND LOCK BELOW 3281 WILL OPEN THE FOLLOWING BEARISH TARGET
3254
EMA5 CROSS AND LOCK BELOW 3254 WILL OPEN THE FOLLOWING BEARISH TARGET
3210
EMA5 CROSS AND LOCK BELOW 3210 WILL OPEN THE SWING RANGE
3179
3146
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Short-term bearish correction, within a potential bullish setupHere is a more detailed explanation of the chart analysis for XAU/USD (Gold Spot vs. U.S. Dollar) on the 30-minute timeframe:
📊 Chart Summary:
Instrument: XAU/USD (Gold Spot vs. U.S. Dollar)
Timeframe: 30-minute
Current Price: Around 3,359.945 USD
Trend: Short-term bearish correction, within a potential bullish setup
📌 Key Technical Levels:
1. Support Zone 🟩
Level: 3,342.605 USD
This is the zone where buyers are likely to step in. It's a previous demand area where price may reverse or consolidate before moving higher.
2. Resistance Level 🟥
Level: 3,391.323 USD
A key level to watch. If price breaks above this, it signals bullish strength and continuation.
3. Demand Zone 🟦
Level: 3,409.880 – 3,410.342 USD
Target area where strong buying activity previously occurred. Price may gravitate toward this if bullish momentum builds.
🔄 Price Projection Path (Expected Movement):
Price may test the support at 3,342.605, forming a potential reversal base.
A bullish move is expected toward the resistance at 3,391.323.
If broken, price could continue its upward trajectory toward the demand zone around 3,410.342.
🧠 Trading Implication:
Bullish Setup: Look for confirmation near the support zone for a long entry.
Breakout Traders: Watch for breakout above resistance for continuation trades.
Risk Management: Use tight stops below support; consider scaling out near resistance.
Let me know if you'd like a trading strategy or signals based on this analysis.
HelenP. I Gold will drop to support level from pennant patternHi folks today I'm prepared for you Gold analytics. The chart started with a strong impulse move upward from the support zone around 3190 - 3205, where buyers stepped in and pushed the price aggressively higher. This bullish momentum continued until the price reached the trend line, which had previously acted as a dynamic resistance. Upon contact with the trend line, the market lost strength and began to compress into a narrowing formation, a classic downward pennant. Within this pennant, the price made several lower highs, suggesting waning bullish power and the buildup of pressure inside a tightening range. Sellers became more active near the resistance zone around 3365 - 3380, and each upward attempt was quickly absorbed. Now the structure shows signs of a potential breakout to the downside. Given this formation and the current price behavior near the upper edge of the pennant, I expect a minor upward movement followed by a sharp breakdown. My goal lies at the 3205 support level, where previous demand emerged. That’s why I remain bearish and see this level as a realistic goal for the next move. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
It's been a decent week on the markets with our path and red boxes playing well from the low to the high for the pull back trade into the region we wanted and then the long completing all but one Red box target which was missed by 20pips.
With NFP tomorrow we would say caution on the markets as we can expect some pre-event ranging and MA play until the release tomorrow. For that reason, we have given the two levels of interest that we feel price will play until tomorrow's release. For now, we're not getting involved in gold until after the NFP move.
As always, trade safe.
KOG’s Bias of the day:
Bullish above 3335 with targets above 3366✅. 3373✅ and above that 3390✅
Bearish on break of 3335 with target below 3320 and below that 3210
RED BOXES:
Break above 3365 for 3372✅, 3375✅, 3388✅ and 3406 in extension of the move
Break below 3350 for 3335, 3330, 3326 and 3307 in extension of the move
Gold Rejected at Resistance, Targets $3,305 & Below Gold ( OANDA:XAUUSD ) rose to $3,400, as I expected in my previous idea .
Gold is trading near the Resistance zone($3,387-$3,357) and has failed to break the resistance zone validly .
In terms of Elliott Wave theory , it seems that Gold has managed to complete the microwave 5 of the main wave C with the help of Expanding Ending Diagonal . It was a corrective Zigzag(ABC/5-3-5) structure .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to touch $3,305 after breaking the lower line of the ascending channel at the first target and then decline to the Support zone($3,281-$3,245) and Monthly Pivot Poin t.
Note: Stop Loss(SL)= 3394.000
Gold Analyze ( XAUUSD ), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
GOLD ROUTE MAP UPDATEHey Everyone,
A great finish to the week with our 1H chart idea finishing off with the rejection from 3389 with no further cross and lock above that level confirming the rejection. We continued to see a drop into the lower Goldturns with each level giving 20 to 40 pip bounces.,
We are now seeing 3334 Goldturn being tested. Lets see if we get the 20 to 40 pip reactional bounce before close of play.
We’ll be back now on Sunday with our multi-timeframe analysis and trading plans for the week ahead. Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
MR GOLD
Trading Signals Gold buy above $3,365 Or sell below $3,365 Early in the American session, gold is trading around 3,347 after a sharp drop due to US data and showing signs of weakening bearish momentum. Gold has good support around the 6/8 Murray level, this level is key.
Gold is eventually breaking the 6/8 Murray level. If it continues its bearish cycle, it could find another support around 3,259 (200 EMA). In this area, we could also expect a technical rebound.
The confirmation for buying gold in the coming hours is to wait for the price to consolidate below 3,331. We can then buy with targets at 3,365.
On the other hand, a break and consolidation above 3,365 and above the downtrend channel could confirm a strong bullish move for gold, potentially reaching the 8/8 Murray at 3,437.
Gold left a gap around 3,324 in early May and is likely to be filled in the coming days. For this, we should expect the price to consolidate below the psychological level of 3,365.
XAUUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my XAUUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Gold Holds Above Key Support – Eyes Still on 3400 (READ CAPTION)By examining the gold chart on the 4-hour timeframe, we can see that the price successfully hit the $3367 target exactly as expected, and then corrected back to $3346. Currently, gold is trading around $3358, and if it can hold above $3350, we can expect further upside. Based on the previous analysis, the next bullish targets remain at $3367, $3380, $3391, and $3400. (Maximum support is always appreciated, my friends!)
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
What a day on gold! We said we would keep an eye on the red boxes and look for a break either side, the break came, we activated, Excalibur confirmed the set up was clean and we got in for a great capture. We also managed to complete all of our bias level targets in one swoop early in the session which was an added bonus.
Now, we have support below at the 3355 level and a red box above which we would ideally like to be targeted first and if we get a RIP from there a short may be on into the immediate support levels. If we go down first, 3365 is the first hurdle and below that 3350-55 with the bias remaining bullish above.
KOG’s bias of the week:
Bullish above 3285 with targets above 3306✅, 3310✅, 3321✅ and 3335✅
Bearish below 3285 with targets below 3267, 3255 and 3240
RED BOXES:
Break above 3290 for 3297✅, 3306✅, 3310✅, 3320✅ and 3330✅ in extension of the move
Break below 3280 for 3277, 3270, 3267 and 3255 in extension of the move
As always, trade safe.
KOG
Gold: Short-Term Setup: Bullish Trend, But Risk RemainsGold: Short-Term Setup: Bullish Trend, But Risk Remains
Gold is showing a potential short-term trading setup, with the bullish trend still intact.
Two days ago, it confirmed an inverse head and shoulders pattern, suggesting further upside.
However, the recent price surge appears to be unsupported by strong fundamentals.
The Trump tariff news is outdated, and the bullish movement appears driven more by market manipulation than natural developments.
Gold may rise again, as indicated on the chart.
⚠️High risk—gold could decline unexpectedly, making this setup volatile.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trading Without an Edge Is Like Gambling Without the FunAt least in Vegas, you get free drinks.
Let’s cut the fluff.
You want to make money trading.
But here’s the problem no one wants to admit:
Most traders don’t have an edge. And they trade anyway.
Which means they’re not traders.
They’re just expensive gamblers in denial.
🎰 W elcome to the Casino Called “Charts”
In Vegas, the odds are clearly displayed.
You know the house has the advantage.
But in trading? You convince yourself you are the house.
You say things like:
-“This setup worked for someone on YouTube.”
- “Price is oversold, so it has to bounce.”
- “I just have a feeling it’ll go up.”
That’s not a strategy. That’s astrology.
If you can’t define your edge in one sentence, you don’t have one.
And if your edge isn’t tested over at least 100 trades — it’s fantasy.
🧠 What Is an Edge, Anyway?
An edge is not a pattern. It’s not always your gut.
It’s a repeatable, testable advantage in the market.
It could be:
- A statistical tendency in price behavior
- A setup with positive risk-to-reward over time
- A timing structure that aligns with volume or volatility
- Even psychological edge (you stay calm when others panic)
But here’s the key:
An edge is something that works often enough, with controlled risk, and consistent execution.
☠️ What Happens When You Don’t Have One
Let’s break it down.
Trading without an edge leads to:
- Random outcomes that feel emotional
- Overtrading because you’re chasing the next “feel good” moment
- Misplaced confidence after a few lucky wins
- Explosive losses when luck runs out
And worst of all?
You think you’re improving…
But in reality, you’re just getting better at losing slower.
🍹 At Least Vegas Gives You Something Back
Here’s the irony:
In Vegas, the drinks are free.
You get a show. You laugh. You know it’s a gamble.
In trading?
- You pay for your losses
- You pay for your education
- You pay for your psychology coach
- And nobody even gives you a free mojito.
If you're going to lose money without an edge, you might as well enjoy the music.
🎯 So How Do You Actually Get an Edge?
1. Backtest.
Find a setup that repeats. Track it. Chart it. Obsess over it.
2. Track your stats.
Your win rate, average R, time in trade. Know thyself.
3. Simplify.
An edge isn’t 12 indicators. It’s one thing done well.
4. Survive first, thrive later.
If you’re not around after 100 trades, your edge won’t matter anyway.
5. Learn from pain, not just profit.
Your losers have more to teach than your winners.
🧘 Final Thought – Stop Playing Pretend
If you wouldn’t go to a casino and bet $1000 on 25 without knowing the odds…
Why are you doing that in the markets?
Don’t call it trading if it’s actually coping.
Don’t call it strategy if it’s actually guessing.
XAU/USD..4h chart pattern.My analyzing a bullish breakout in gold (GODL) and considering a buy entry at *3355* with two target levels: *3435* and *3500*.
### *Trade Plan Summary:*
- *Entry:* Buy at *3355* (after trendline breakout confirmation)
- *Target 1:* *3435* (~2.4% gain)
- *Target 2:* *3500* (~4.3% gain)
- *Stop Loss:* Ideally below the breakout level (e.g., *3300-3320* for a 1-1.5% risk)
### *Key Considerations:*
1. *Confirmation:* Ensure the breakout is sustained (closing above the trendline).
2. *Volume:* Higher volume on breakout strengthens the signal.
3. *Market Sentiment:* Gold often reacts to USD strength, interest rates, and geopolitical factors.
4. *Risk Management:* Adjust position size based on your risk tolerance.
Would you like help refining the stop-loss or analyzing other factors like RSI/momentum? 🚀
Gold Rejected Below $3370 — Eyes on Lower Demand Zones! (READ)By examining the gold chart on the 4-hour timeframe, we can see that after our previous analysis, the price climbed to $3388, giving us nearly 150 pips of return. However, gold was rejected from that level and failed to hold above $3370, eventually dropping below $3360.
Currently, gold is trading around $3348, and we may likely see further decline toward lower levels. The potential downside targets are $3338, $3332, $3326, and $3317.
Key demand zones to watch are:
→ $3327
→ $3311
→ $3298–$3300
→ $3278
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
XAU/USD Weekly Forecast : First LONG, then SHORT! (READ CAPTION)By examining the gold chart on the 4-hour timeframe, we can see that after dropping to $3270, the price faced strong buying pressure and opened today’s session with a 100-pip gap at $3298, continuing its rally up to $3370. This bullish move could potentially extend toward $3400, but keep in mind that gold is likely to retrace soon to fill this price gap — so this scenario should definitely be considered!
THE KOG REPORT THE KOG REPORT
In last week’s KOG Report we said we would be looking for price to attempt the high, fail and make the move downside. This worked well in the early part of the week giving traders a fantastic capture for the short trade into the red box target levels which were all complete. During the week we update trades with the plan to long, and although there was a break from the red box, our lower red box bounced price giving the long trade completing the move.
It was only towards the end of the week where we started ranging that we only managed to capture short scalps on the upside move before the suggesting we call it a day, thankfully before the small decline from the level.
So, what can we expect in the week ahead?
We have a key level here of 3310-6 which has been a previous pivot in this range and is holding price down at the moment. This now make a crucial support region forming at the 3280-5 level with extension of the move into 3275. If this level holds and the red box reacts, we can see price push up from here and attempt to target the 3400 level again, which is towards the top of the range.
It’s this lower red box that needs to be watched for the break, as a break here will target the 3250-55 region initially and then go for the potential swing low around the 3210-2- region which in this scenario maybe the ideal long trade.
As always, we’ll update traders through the week with our analysis and red box target levels but for now, let’s see if we gap on open. Please remember, the market gaps with intention, the intention is usually to get traders in chasing the gap as soon as they see immediate exhaustion, this hardly ever works on gold and BTC especially. We’ve back tested the stretch, so please play caution on chasing gaps.
More choppy and ranging price action expected!
KOG’s bias of the week:
Bullish above 3285 with targets above 3306, 3310, 3321 and 3335
Bearish below 3285 with targets below 3267, 3255 and 3240
RED BOXES:
Break above 3290 for 3297, 3306, 3310, 3320 and 3330 in extension of the move
Break below 3280 for 3277, 3270, 3267 and 3255 in extension of the move
Many of our followers and traders have seen the power of the red boxes, Imagine this on your own TV screen, 4H for swing trading, 1H for day trading and 15min for scalping. Any pair on any chart 23hrs a day. Add to that the Knights indicator giving you swing points, key levels and retracement levels and our custom volume indicator telling you when to long, when to short and when to stand back from your trades.
LEARN AND GENERATE YOUR OWN SIGNALS. You don't need any of us to guide you.
KEY LEVEL 3237!
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