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THE KOG REPORT:KOG REPORT: In last weeks KOG Report, we said the ideal trade for the week would be to capture that long trade at the beginning of the week to then assess the price action, and short the market back down. For the early session we didn’t get the 1910-12 support level but managed 1916 up into the order region where we then shorted the market as illustrated down into the levels identified. For CPI, we updated our traders with the Excalibur hot spots for the long trade back up, which we would now say has also been fulfilled. So, what can we expect in the week ahead? We have FOMC this week so we’re very likely to experience choppy price action together with ranging for the first half of the week. For that reason, please be careful if we do range, don’t get trapped mid-range and try to control your lot sizes while the market accumulated orders. We have a range in mind 1915-13 support with 1930-35 order region resistance. We will be looking at these levels to either long the market, or to short the market pre-event! By Tuesday, ideally, we don’t want to be in an Gold trades in preparation for FOMC, for which we will we publish our usual report with what to look for. We’re going to keep the KOG Report short this week as we’ll go in more detail for FOMC, and of course we will update traders daily with the key levels and KOG’s trusted Bias for the week. 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
FX:XAUUSD
by KnightsofGold
14
XAUUSD EXPECTATION! SHORT!Hello Traders, here we are again with new analysis on GOLD, What we see here, is quite clear, so as always we have some expectation from price, so if they follow our expectation we take decision, We have strong supply zone around 1926, which price had extreme drop, however, it cannot be only confirmation as we are coming from 1918.50, which is strong resistance for the price, so I expect for the price to see 1926 for one more time to collect orders, the we continue short, So as always stay with me, I will let you know where to enter exactly to don't miss this opportunity, For now we going wait for the price to reach our determined level, then we will see if we can enter or no! Remember there is huge risk in this market, so always respect to your risk management Any question comment me bellow! @FxShzd team
OANDA:XAUUSD
by FxShzd
Short gold 15-16, finally try short position For gold, yesterday's U.S. market was stimulated by the news and quickly fell back to around 1901 and then stopped pulling back. When the big positive line was rising, the long and short did not reveal much trend. In the continuous falling market, The support below 1900 first took hold, and this position will also be our key breakthrough point in the later period. If the support at this position effectively generates a rebound, a bullish reversal is likely to form in the short term, and the key suppression opening above It remains near 1915. This position is also a key suppression area. With the suppression of the short-term moving average during the day, it is likely to form an effective breakthrough again. At present, when gold bulls are counterattacking, they do not give a strong signal. We can still continue to try to go short and wait, and once it breaks through around 1920, we still need to adjust the trend in time. Otherwise, it is likely to be a second washout by the short sellers, and gold will first hit 1915-1915 in the short term. Shorting near 1916, target around 1905-1900, loss 1921.5 golden signal xauusd:sell1915-1916 tp1905-1900 sl1921.5 If you need help during the transaction, please contact, ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓ ↓↓↓↓ ↓↓↓↓↓↓↓
FX:XAUUSDShort
by Richard-Wagner
GOLD Price Holds Steady Amidst Dollar Retreat, But Faces Down...Gold Price Holds Steady Amidst Dollar Retreat, But Faces Downward Pressures The price of gold has been treading water, hovering around $1,927 per troy ounce in the early hours of the Asian trading session on Monday. While the precious metal is managing to stay near the previous week's close, it faces challenges from multiple fronts, including a retreating US Dollar (USD), rising US Treasury yields, and influences from China's economic data. USD Retreats but Treasury Yields Rise The US Dollar Index (DXY), which measures the USD's performance against a basket of major currencies, is currently trading at approximately 104.80, slightly below its peak since April. The weakening of the USD has provided some minor support to gold prices. However, the rise in US Treasury yields, particularly the 10-year bond yields reaching 4.29%, up by 0.52%, could exert downward pressure on gold. USD's Robustness Supported by Positive Economic Data The USD is expected to remain resilient, supported by a consistent flow of positive economic data from the United States. For instance, US Initial Jobless Claims for the week ending September 2 reported a reading of 216,000, below both the market consensus of 234,000 and the previous week's revised figure of 229,000. This demonstrates the health of the US labor market and bolsters the USD's strength. China's Disinflationary Pressures on Gold China's Consumer Price Index (CPI) data for August was published recently, indicating a year-on-year increase of 0.1%. While this marks an improvement from the previous month's figure of -0.3%, it fell short of market expectations, which had anticipated a 0.2% reading. This relatively soft CPI reading suggests that disinflationary pressures persist in China, which could potentially weigh on gold prices. Uncertainty Surrounding China's Economic Situation Throughout the week, market participants will closely monitor developments in China's economy. Understanding the challenges that Chinese authorities must address to implement necessary monetary and fiscal measures to achieve their target of 5% GDP growth this year will be crucial. Any signs of economic instability or obstacles in achieving this goal could impact the global financial landscape, potentially affecting gold prices. Fed's Hawkish Stance and US CPI Data Awaited Adding to gold's challenges is the anticipation that the US Federal Reserve (Fed) will maintain higher interest rates for an extended period. There is also an expectation that the Fed will implement a 25 basis point (bps) interest rate hike by the end of 2023. This hawkish stance from the central bank could exert significant downward pressure on gold prices, as higher interest rates make non-interest-bearing assets like gold less attractive to investors. Investors will keenly await the release of the US Consumer Price Index (CPI) data for August later in the week. This data will provide further insights into the inflationary pressures in the US economy, which could influence the USD's performance and, consequently, gold prices. In summary, while gold has held its ground in the face of a retreating USD, it faces challenges from rising Treasury yields, China's disinflationary pressures, and the Fed's hawkish stance. The interplay of these factors will determine the precious metal's direction in the coming days and weeks. Our preference Below 1940.00 look for further downside with 1916.00 & 1907.00 as targets.
OANDA:XAUUSDShort
by FOREXN1
32
Gold / XAUUSD ~ Bearish H&S Dump / Emerging Asset DivergenceTVC:GOLD undergoing Bearish H&S - clear break below neckline; trying to establish a base to reverse momentum & re-test support. Unusually strong selling off no immediate news - feels like possible "Sell The News/Buy The Fact" event ahead of US CPI release, TBC.. DXY - up/flat/within range US Treasuries (long-dated) - down/flat/within range Silver - down/flat/holding support Only Asset Class exhibiting similar volatility is Bitcoin, up over 4% (potential divergence with Gold, TBC). Bullish Support Confluences: - 38.2% fib retrace (~1903) - July 2022 trend-line (~1900) - Psychological level (~1900) - August 2023 lows / demand zone (~1885) Bearish H&S Extrapolation Targets: - Primary = gap fill (~1870) - Undershoot = psychological level / trend-line / August lows (~1900-1885) - Overshoot = 50% fib retrace (~1850) Wait for re-test/neckline rejection to confirm H&S pattern is in play...alternatively higher than usual implied volatility from macro-economic influences warrant risk mitigation (ie wait for the dust to settle) before entering a position.. Trade at your own risk! COMEX:GC1! FX_IDC:XAUUSD TVC:SILVER COINBASE:BTCUSD TVC:DXY ICEUS:DX1! TVC:US10Y TVC:US20Y TVC:US30Y
TVC:GOLDShort
by BlueHatInvestor
#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range. #Fundamental Analysis of #Gold It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023. However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone. #GoldForecast In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease. Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
OANDA:XAUUSDShort
by POUSHEINI
GOLD (XAUUSD): Bearish Wave Continues 🥇 Earlier, I have predicted that Gold will drop from a major falling trend line. After its test, we saw a strong bearish reaction. Taking into consideration the fact that Gold is trading in a bearish trend, probabilities will be high that the market will go lower. On a 4H time frame, the market closed, trading in a horizontal range and consolidating. Your bearish confirmation will be a bearish breakout of the support of the range - a 4h candle close below 1914. A further bearish continuation at least to 1907 level will be expected then. Alternatively, a bullish breakout of the range may initiate a correctional movement. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
Gold weekly bias: BearishHello there, let's discuss what could probably happen in the gold market in the coming week. As you might see, the gold order flow has been bearish for the past few weeks now, as indicated in the weekly timeframe by a trendline drawn in the chart, showing us that gold might continue to go down to the 1885.325 support level area. You may ask why selling gold. See the answer below: Important Note : An inside bar that formed at the key level area (trendline resistance area) in the weekly chart is a clear selling confirmation of this downward move. There may be a little pullback though, which could make the coming week's weekly candlestick have a wick/tail before completely going down to the 1885.325 support level area. If gold succeeds in breaking this level to the downside, it could head down to 1804.873. But, watch out to sell gold in the coming week in the lower timeframes like h4 downward. Conclusion: Gold flow is bearish, and it will sell in the coming week.
OANDA:XAUUSDShort
by OraclePips
XAUUSD A HEAD AND SHOULDER FORMED hello traders , so as i predicted last week gold perfectly droped to the 1920-1925 area. unfortunately for me i didnt manage to catch the move i was waiting for a retest for of the 1940s, and that didnt happen so i didnt make anymoney even tho my analysis went +200 pips. but it is what it is this is apart of trading , there will be more opportunities in the future. anyways it seems like gold might continue this bullish rally. as we can see the price formed a head and shoulders pattern it is very possible we might see gold drop another 200 pips back to the 1880-1900 area. here are our bearish clues : - dollar still too strong - the head and shoulder formation - Friday 1D Candle closed as a massive Inverted hammer Rejecting the 1920-1925 zone the breakout of the neckline will be our confirmation. also keep in mind this week is very action packed we have alot of stuff coming out like CPI which will determine the fate of the dollar and the direction of Gold . this is no financial advice just my humble opinion hope you liked the idea make sure to like and follow my trading view i post weekly setups and signals.
OANDA:XAUUSDShort
by xAB777