GOLD: In-Depth Technical and Fundamental AnalysisGOLD: In-Depth Technical and Fundamental Analysis
In this video, I provide a detailed explanation of why Gold may resume its bearish movement, analyzing both fundamental and technical perspectives.
You May Watch The Video For Further Details!
Thank you!
XAUUSDK trade ideas
TOP 10 Stats of the Current Gold Bull Market in 2025 and Outlook📊 Top 10 Stats of the Current Gold Bull Market (2025)
1. 🥇 Gold price per ounce: Around $3,338–$3,364, with a recent all-time high above $3,500 in April 2025
2. 📈 Year-to-date gain: About +29% in 2025 so far, after a +30% gain in 2024
3. 🏦 Central bank buying: More than 1,000 tonnes bought for the fourth straight year, reserves near record levels
4. 🔒 Inflation hedge: Strong inverse correlation with real yields; high demand driven by inflation and geopolitical worries
5. 📊 Gold vs S&P 500: Both reached new highs together; gold is up about 27% YTD while the S&P 500 is up only around 2%
6. 💍 Jewellery demand: Global gold jewelry demand is down about 9% in 2024, projected to drop another 16% in 2025 due to high prices
7. ⚖️ Gold-to-silver ratio: Now around 94, down from a peak of 105—showing silver is regaining ground
8. 🏅 Record closes: More than 40 record daily closes for gold in 2025, prices consolidating around $3,290–$3,400
9. 🏛️ Technical breakout: Broke out of a 13-year “cup-and-handle” technical pattern in March 2024
10. 🔮 2025 forecasts: Predictions range from $3,600–$4,000 by Q2 2026, with some expecting as high as $4,500 if risks rise
________________________________________
🔄 How This Gold Bull Market Compares to Past Bull Markets
1️⃣ 1968–1980 Super Bull
• 🕰️ Gold climbed from ~$35 to ~$850, a massive 2,330% gain over 12 years
• 🔥 Driven by double-digit inflation, end of the gold standard, and political turmoil
• ⚠️ Huge corrections, including a nearly 45% drop in 1974–76, but rapid rebounds
2️⃣ 1999–2008 Bull Market
• 💹 Gold surged from ~$252 to ~$1,023 (about +305%) in 9 years
• 🚀 Fueled by the commodities supercycle and concerns about global imbalances
• 📉 Big correction during the 2008 financial crisis, but gold rebounded fast
3️⃣ 2018–2025 (Current Cycle)
• ⏳ Gold broke out in 2024 from a 13-year sideways base
• 💥 Up nearly 200% from the 2018 lows to over $3,500
• 🏦 Central banks are the biggest buyers, unlike earlier cycles
• 🛡️ Corrections have been milder—2022 saw only a 20% drop
• 🏃♂️ Fast recovery: new highs reached within months, not years
________________________________________
📊 Quick Comparison Table
Metric 1968–80 Super Bull 1999–2008 Bull 2018–2025 Current
🚀 Total Gain ~2,330% ~305% ~200% so far
⏲️ Length 12 years 9 years 7 years so far
💔 Biggest Drawdown –45% (1974–76) –30% (2008) –20% (2022)
🏦 Central Bank Role Moderate Emerging Dominant
📉 Correction Speed Years to recover 4 years Months
🏛️ Technical Pattern Secular breakout Multiple peaks Broke 13-yr base
________________________________________
🧭 What Makes the Current Bull Market Unique
• 🏦 Central banks are setting the pace with record-breaking demand
• 🩹 Corrections are less severe and recoveries are quicker
• 📈 Gold is rallying alongside stocks, which is rare historically
• 🏛️ The breakout from a 13-year consolidation signals strong structural support
• 🔮 Major forecasts predict further highs through 2026, suggesting this may become one of the strongest cycles ever
Gold Drops Sharply Amid Trade OptimismGold Drops Sharply Amid Trade Optimism
Gold formed a larger 5-wave pattern, with the second X wave extending further.
On Friday, gold fell 2.4%, dropping from 3375.50 to 3293.70.
This decline came after President Trump announced a positive call with President Xi about tariffs.
Top US and China officials will meet in London on Monday, June 9. Optimism is high, with talks expected to continue throughout the week. Trump himself remains positive, saying, "The meeting should go very well."
Gold may pause, but it could fall further unless new manipulation occurs.
Bearish targets: 3285, 3250, 3210, and 3170.
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❤️
Gold (XAUUSD) Eyes 3,330 Zone as Safe-Haven Demand Builds!!Hey Traders, In today’s trading session, we’re keeping a close watch on XAUUSD for a potential buying opportunity around the 3,330 zone. Gold continues to trade within a strong uptrend, and is currently undergoing a healthy correction, bringing it near a key support/resistance level that could act as a springboard for the next leg higher.
From a fundamental perspective, rising geopolitical tensions in the Middle East have led to the evacuation of diplomatic personnel and increasing concerns of potential military escalation. As uncertainty grows, safe-haven assets like gold tend to attract stronger demand from investors seeking protection against volatility and risk.
If the situation deteriorates further, we could see a surge in gold prices as market participants hedge against geopolitical instability.
Trade safe,
Joe
Trading Signals for GOLD sell below $3,337 (21 SMA-6/8 Murray)Early in the American session, gold traded around 3,334, within the bearish trend channel formed on 1H charts since May 23.
The yellow metal is likely to continue its bearish cycle in the coming hours if the price consolidates below the 21SMA or below 3,337.
If its bearish cycle continues, we should expect gold to fall below 3,337. Then. it could reach the 6/8 Murray line at 3,293 and even fall to the bottom of the bearish trend channel around 3,271 and finally at 3,245.
On the other hand, if the price consolidates above the 21SMA, the outlook could be positive, and we could buy with targets at the 7/8 Murray line at 3,349.
Gold prices are consolidating below the level of 3,337. Rising U.S. inflation and the potential for even partial agreements between China and the U.S on mutual trade could push the price of the yellow metal down to 3,271. The 3,321 mark may serve as a selling trigger.
Gold 1hr -Don't Know when is the next movement ? This for You🔥 Gold – 1h Scalping Analysis (Bearish Setup)
⚡️ Objective: Precision Breakout Execution
Time Frame: 1h- Warfare
Entry Mode: Only after verified breakout — no emotion, no gamble.
Your Ultimate key levels
👌Bullish After Break : 3392
Price must break liquidity with high volume to confirm the move.
👌Bullish After Break : 3415
Price must break liquidity with high volume to confirm the move.
👌Bullish After Break : 3435
Price must break liquidity with high volume to confirm the move.
👌Bearish After Break : 3375
Price must break liquidity with high volume to confirm the move.
👌Bearish After Break : 3325
Price must break liquidity with high volume to confirm the move.
☄️ Hanzo Protocol: Dual-Direction Entry Intel
➕ Zone Activated: Strategic liquidity layer detected — mapped through refined supply/demand mechanics. Volatility now rising. This isn’t noise — this is bait for the untrained. We're not them.
🩸 Momentum Signature Detected:
Displacement candle confirms directional intent — AI pattern scan active.
— If upward: Bullish momentum burst.
— If downward: Aggressive bearish rejection.
🦸♂️ Tactical Note:
The kill shot only comes after the trap is exposed and volume betrays their position.
GOLD ROUTE MAP UPDATEHey Everyone,
Great finish after completing each of our targets throughout the week with ema5 lock confirmations on our proprietary Goldturn levels. Yesterday we finished off with 3388 and stated we would look for ema5 cross and lock above 3388 to open 3428 and failure to lock will follow with a rejection.
- This played out perfectly with the cross and lock confirmation and then the target hit at 3428 completing the range.
BULLISH TARGET
3318 - DONE
EMA5 CROSS AND LOCK ABOVE 3318 WILL OPEN THE FOLLOWING BULLISH TARGETS
3352 - DONE
EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGET
3388 - DONE
EMA5 CROSS AND LOCK ABOVE 3388 WILL OPEN THE FOLLOWING BULLISH TARGET
3428 - DONE
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
GoldViewFX
GOLD → Intra-range strategy. Waiting for NFPFX:XAUUSD remains consolidated in the 3340-3391 range. The price is stuck in the middle of the range due to the uncertainty created by upcoming unemployment news...
On Friday, gold rose slightly, remaining within the range ahead of important US employment data (NFP), which could set the direction for the market. Optimism over the US-China deal and profit-taking on the dollar are supporting the USD, holding back gold's rise. A weak NFP (less than 100,000) will reinforce expectations of a Fed rate cut and support gold. A strong report (above 200,000) will have the opposite effect. The probability of a rate cut in September is 54%.
Technically, on the daily timeframe, the market structure is bullish. After a sharp breakout of resistance and a new high, the price is consolidating above the upward trend line, forming a plateau in the 3300-3340 zone. Another shakeout from support is possible before the trend resumes
Resistance levels: 3375, 3391, 3414
Support levels: 3339, 3331
Forming a price forecast ahead of news, especially ahead of NFP, is a thankless task. Therefore, it is advisable to wait for the news and monitor the price reaction. A retest of the consolidation boundary and a rebound are possible. There is a chance that the price will remain in consolidation until next week, but again, it all depends on the fundamental background...
Best regards, R. Linda!
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
Gold bulls take control as geopolitical risk take center stage!Gold prices advanced during the Asian trading hours, touching a fresh daily high around the $3,317 mark. The move comes amid a combination of factors boosting demand for the yellow metal, notably dovish signals from the Federal Reserve and escalating geopolitical tensions.
The US Dollar weakened following Friday's softer-than-expected inflation data, which has strengthened market expectations for a potential Fed rate cut in the second half of 2025. Investors are now positioning for looser monetary policy, which typically enhances the appeal of non-yielding assets like gold.
In parallel, geopolitical risks continue to dominate market sentiment. Ongoing conflicts in Ukraine and the Middle East, coupled with renewed US-China trade tensions, have weighed on risk appetite and fueled safe-haven inflows into gold.
From a technical standpoint, XAU/USD faces immediate resistance in the $3,355–$3,375 supply zone. A sustained move above this area could open the door to further gains. Conversely, any near-term pullback might find initial support near the $3,300 psychological level, with stronger buying interest expected around the $3,280–$3,278 region.
XAUUSD SNIPER PLAN – TUESDAY, JUNE 10, 2025👋 Good evening traders!
After a choppy NY that faked both directions, Monday closed with gold stuck around 3325. But don’t be fooled — the real plays are coming Tuesday as we align with clean structure, trap logic, and real macro catalysts. Focus only on what matters.
Let’s prep with clarity and intent. 🎯
🌍 TUESDAY MACRO PREVIEW (JUNE 10)
📊 12:00pm – NFIB Small Business Index
🗣️ 10:00pm – President Trump speaks (market-moving risk)
🛢️ 10:30pm – API Weekly Oil Data (impacts USD sentiment)
No CPI or FOMC yet — but volatility is brewing. Trump + late-day oil stats = prime conditions for NY tricks or late-session moves.
🧠 TECHNICAL STRUCTURE
🔹 Last impulse: 3292 → 3338
🔹 Price now: 3325
🔹 Asia swept 3293 — partial gap fill
🔹 NY faked above 3338 → rejected → no follow-through
🔹 HTF still bullish but in pullback mode
📏 Fibonacci (3292–3338)
– 50% = 3315
– 61.8% = 3310
– 78.6% = 3303
📊 EMAs: 5/21 kissing → possible expansion
📉 RSI: Mid-range → clear room to move
🔐 STRUCTURE ZONES – CLEAN & ACTIVE
Price Zone Type Logic
3345–3354 SELL ZONE 1 HTF FVG + inducement trap
3362–3368 SELL ZONE 2 OB + liquidity clear above final highs
3329–3332 FLIP ZONE NY trap → could flip support or reject
3307–3310 BUY ZONE 1 61.8% + CHoCH potential + OB
3292–3296 BUY ZONE 2 Asia low + FVG + discount sweep
🎯 PLAN OF ATTACK
✅ Bullish Plan
– Hold above 3315–3320
– Break 3338 → retrace into 3310/3307 = sniper long
🎯 TP: 3354 → 3368
❌ Bearish Plan
– Fail under 3332 → tap 3345–3354 for reaction
– Rejection = sell into 3310–3296
🎯 TP: 3310 → 3292
⚠️ 3329–3332 = reaction zone only
Do not sell blindly — wait for confirmation.
👀 EYES ON:
– 3338 = intraday BOS point
– 3307 = sniper trigger if CHoCH
– Trump speech = high spike risk
– NY tends to reverse early Asia setups
🚀 FINAL WORD
We’re not here to chase noise — we’re here to execute with structure.
You’ve got two clean sells, two sniper buys, and real macro risk on the table.
No guesswork. Just precision.
💬 What’s your plan for Tuesday?
Do you see the 3362 trap playing out?
Are you waiting for the 3307 sniper?
👇 Drop your scenario in the comments — let’s compare setups and grow together.
📲 Follow @GoldFxMinds for daily sniper clarity
🎯 Let’s dominate CPI week. Together.
💬 Drop a 🚀 if you’re locked in for NY
🔥 Let’s make Tuesday count — clean, confident, and calculated.
Fakeout or Takeoff? Gold Retakes 3350 Before NY Close1. Recap of Yesterday's Move
Yesterday was a volatile day for Gold. Price initially broke above the key 3340–3350 resistance zone, only to drop back below it—but intriguingly, it closed above it on the New York session. That close is the detail that changes everything.
2. Key Question: Will Gold Stay Above 3400 and Push Toward New ATHs?
Let’s split this into two scenarios:
________________________________________
🟢 Bullish Scenario – Buy the Dip?
• The short-term structure is undeniably bullish.
• The reclaim of 3340–3350 is not a fakeout, but a clean signal of strength.
• If momentum holds, we can expect price to push toward 3405 and then 3435.
• As such, the strategy remains: buy dips, targeting those key levels.
________________________________________
🟡 Long-Term Breakout? Not So Fast
• Yes, the higher lows at 3120, 3250, and 3295 suggest that the correction from 3500 may be over.
• A clean breakout and stabilization above 3400, ideally near 3430, could signal a path toward a new all-time high.
• ❗ However, volatility remains wild, and if geopolitical tensions de-escalate or trade tariffs get resolved, Gold could see a sharp drop of 1500–2000 pips, as part of a broader risk-off unwind. Peace and stability could hurt safe-haven demand.
________________________________________
📌 Trading Plan
• Short-term: Buy dips while above 3340-3350 (ideally on a re-test), aiming for 3405 and 3435.
• Long-term: Stay flexible. Wait for confirmation above 3430 before going for the ATH narrative.
________________________________________
💡 Conclusion
Technically, Gold is bullish in both the short and long term. But with global uncertainty in play, don't ignore the fundamentals. Trade the chart, but respect the world around it. 🚀
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 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.
XAUUSD DAILY PLAN 11 JUNE | CPI FIRE & STRUCTURE SNIPES!Hey GoldMinds! 🔥
Welcome to the June 11 plan — perfect timing as CPI is dropping tomorrow and the market is heating up! Let’s get tactical and prep for both volatility and sniper setups.
🌎 Macro & News Context
All eyes on CPI (US Inflation Data) tomorrow — expect increased volatility and liquidity sweeps!
USD is showing signs of strength after a broad correction. DXY breakout could pressure gold lower, but a miss on CPI could mean instant reversal.
Market is trapped in a wide structure, so we’re trading only the best confluence zones — not mid-range noise.
📊 Key Levels & Zones
Type Zone Logic / Target
Buy #1 3315–3310 Daily OB + H4 demand + FVG sweep, strong bounce expected if CPI spike flushes price
Buy #2 3292–3280 Deep discount zone, liquidity inducement & last-stand HL
Sell #1 3352–3362 H1/H4 premium OB + FVG + prior sweep, CPI pump trap
Sell #2 3384–3400 Extreme premium, stop hunt and sweep zone, strong rejection expected if FOMO kicks in
Mid Range 3330–3340 If NY plays range, look for quick reaction scalps here with M5 confirmation only
🧭 Bias
Neutral-to-Bearish (with event risk):
Market is currently consolidating below premium supply, showing signs of distribution and lower highs on H1/H4.
As long as price is capped below 3350–3362, sellers remain in control — especially if USD holds its strength into CPI.
However, CPI can easily flip the script! If data surprises dovish and USD drops, we could see an aggressive squeeze higher.
Best play: Let price reach extreme zones (either buy discount or sell premium) and wait for clear confirmation — don’t force trades in the middle.
Summary:
→ Bearish below 3350–3362
→ Bullish only on sharp flushes into 3310 or deeper discount, with M15 reversal
→ Flat/mixed in the mid-range (3330–3340), scalp only with confirmation
🎯 Trade Scenarios
Bullish:
If CPI comes in weak or USD retraces, expect price to spike into 3315–3310 and 3292–3280 zones. Look for strong M15 reversal for buys.
Targets: 3345 (first), then 3360.
Bearish:
Strong CPI = gold pumps into 3352–3362 or even 3384–3400, then look for M15/M5 rejection to sell.
Targets: 3330 (first), then 3310.
🧠 Tactical Notes
Only trade with confirmation — ignore random candles in mid-range!
If price is between 3330–3340, wait for clear M5 structure flip.
CPI can create fakeouts — first reaction isn’t always real direction!
Protect capital, don’t chase, and always respect your plan.
👇 Drop a 🚀 if the plan helped you or you enjoy the daily insights!
Comment your bias, follow for more sniper plans, and let’s boost the post if you found value!
Community = power. Let’s own CPI together, GoldMinds! 🧠✨
GoldFxMinds
Safe-Haven Demand Boosts Gold as Middle East Tensions EscalateHey Traders,
In today’s trading session, we are monitoring XAUUSD for a buying opportunity around the 3,380 zone. Gold is currently trading in an uptrend and is experiencing a correction phase as it pulls back toward this key support and resistance area.
On the fundamental side, reports indicate that Israel struck Iran overnight — fueling a classic geopolitical risk-off sentiment. This escalation is driving strength in safe-haven assets while putting pressure on riskier markets. Gold typically benefits from this kind of uncertainty, adding further weight to the technical setup we’re seeing today.
Trade safe,
Joe
HelenP. I Gold may bounce from trend line to resistance levelHi folks today I'm prepared for you Gold analytics. After observing this chart, I see that the price tried to grow to the resistance level first, but failed and dropped to the support level, which coincided with the buyer support zone. After this correction movement, XAU rebounded up and then dropped below the support level, breaking it. But soon, price turned around and made impulse up, breaking the 3265 level, after which it continued to move up to the resistance level. When Gold reached this level, it entered to resistance zone, where it turned around at once and made a strong movement down to the trend line, breaking two levels. Also then it started to trades inside a triangle, and soon turned around from the trend line and made a strong impulse up. Price broke the 3265 support level one more time, rose a little more, and then made a correction. After this, price continued to move up and soon reached the 3395 resistance level, after which it turned around and fell to the trend line, which is the support line of the triangle as well. Recently, it started to grow, so I expect that XAUUS will correct to the trend line and then continue to move up to the resistance level. That's why the 3395 resistance level is my current goal. 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 gold trend is perfectly in line with expectations.The recent trend of gold is consistent with my expectations. Overall, the rebound is mainly based on fluctuating downward, and the rhythm of the oscillation between long and short positions is perfectly grasped. The upper resistance is still strong, and gold can still be shorted if the rebound is not broken.
From the current analysis of the gold trend, the lower support focuses on the area around 3315-3305. If it falls back to this position range, continue to look at the continuation of the rebound upward; the upper resistance focuses on the area around 3350-3362. The overall rhythm of the high-altitude and low-multiple range is still maintained, and the strategy is mainly to participate in the range back and forth.
1. Go long when gold falls back to 3315-3305, and the target is 3330-3340;
2. Go short when gold rebounds to 3350-3360, and the target is 3340-3330.
CPI, US inflation, gold price waiting to decrease⭐️GOLDEN INFORMATION:
Gold (XAU/USD) drew fresh bids in Wednesday’s Asian trading, reclaiming the $3,340 level and edging back toward this week’s high. A U.S. federal appeals court decision allowing President Donald Trump’s broad tariffs to remain in force—for now—added a fresh layer of trade uncertainty and stoked safe-haven demand. Heightened geopolitical tensions and growing expectations that the Federal Reserve will cut rates in September further bolstered the non-yielding metal. Even so, optimism surrounding ongoing U.S.–China talks has lifted broader risk sentiment, while a mildly stronger U.S. Dollar is helping keep gold’s upside in check.
⭐️Personal comments NOVA:
Gold price recovered, buying power increased gradually in Asian session, approaching resistance zone 3348
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3373- 3375 SL 3380
TP1: $3360
TP2: $3350
TP3: $3340
🔥BUY GOLD zone: $3278- $3280 SL $3273
TP1: $3290
TP2: $3300
TP3: $3314
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
DeGRAM | GOLD broke the wedge📊 Technical Analysis
● Price still respects the former channel roof (now support) at 3 315-3 320; every dip to this line (green arrows) printed a higher low, preserving the rising-wedge structure.
● A break of the local wedge cap at 3 350 would reopen the April supply/median target at 3 435; failure to pierce keeps the pull-back window open toward the lower grey band at 3 245, where the broader demand begins.
💡 Fundamental Analysis
● US ISM-services prices and NFP cooled, lifting September Fed-cut odds >70 % and capping real yields, while continued PBoC purchases offset ETF outflows, under-pinning bullion.
✨ Summary
Buy 3 305-3 320; confirmation above 3 350 targets 3 435, extension 3 500. Long bias void on an H4 close below 3 245.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
A good start to the week with the lower level holding as expected and giving us the tap and bounce for the longs which we wanted to target the 3330-35 level on. This is now completed and if preference is for higher, there is a higher hotspot which could be a possibility.
For the above reason, although we may get a RIP from around here it's on the flip with support now 3320, so the higher level is possible in the early session before a retracement which will be level to level for now, unless there is a clean reversal. If we hold that 3320-15 level it's very likely they will want to take this higher!
KOG’s bias of the week:
Bearish below 3336 with targets below 3306✅, 3299✅, 3297✅, 3285 and 3275
Bullish on break of 3336 with targets above 3345, 3350, 3355, 3367 and 3376
Red boxes:
Break above 3310 for 3320, 3332, if held above 3335, 3347 and 3362 in extension of the move
Break below 3306 for 3299✅, 3295✅, 3285, 3280 and 3264 in extension of the move
As always, trade safe.
KOG
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