XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Goldsignals
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Yesterday we said we'd stick with the plan and continue to move with the market upside suggesting traders hold their longs from below and then add level to level trades. This has worked well for us again today, completing our Excalibur target upside and the hotspot in Camelot as well as the one we had shared with you all in the wider community. Although a little choppy, it's a clean structure.
Now we are here we have support below at the 2395 region, which could be a target level for the pullback. This level however is now on the flip and will need to hold the price up for us to continue higher into the regions 2415-20 initially and on the break we'll be looking at 2450 as the extension of the move. The problem we have now is the whipsaw that is expected during FOMC, and with it being the last trading day of the month tomorrow.
For now, a slight tap and bounce from the region, if you're in lets see if we get the pullback and where we close.
As always, trade safe.
KOG
Unswervingly short goldAfter reaching around 2370, gold rebounded again and is currently hovering around 2390. Gold seems strong, but it is always difficult to reach the key suppression area and cannot form an effective breakthrough, so I think that gold is still dominated by shorts as a whole.
Gold is currently facing two key suppression levels, one is the 2400-2405 area, and the other is the 2410-2415 area. If gold cannot overcome these two resistance areas, then the gold shorts will counterattack at any time, so before regaining the 2410-2415 area, there is no doubt that in terms of trading, I always insist on a short-selling trading strategy. The short-term support below is around 2376, followed by around 2368. If gold falls below the support in this area, gold will also test the 2350 area, or even 2330.
So in terms of short-term trading, I still insist on shorting gold!I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold- Higher low in place and back above 2400?In my yesterday's comment, I said that OANDA:XAUUSD could resume its bullish trajectory and buying dips could be a good strategy.
Indeed, during the day XauUsd fell to 2370, however, bulls took control and closed the day at 2383.
At this moment Gold is facing 2390 resistance again, a resistance that now is confluent with the falling trend line and a break above would confirm a higher low in place and a reversal to the upside.
As long as yesterday's low remains intact so is my strategy: buying dips.
GOLD (XAUUSD): Detailed Technical Outlook
Here is a quick recap of my Gold analysis on a today's live stream.
The market is currently trading within a bullish flag pattern on a daily.
After the price reached a daily horizontal support, it bounced
and tested a resistance cluster based on a trend line of the flag and a horizontal structure.
I believe that a bullish rally will resume after a confirmed breakout of the underlined horizontal area and a trend line with a daily candle close above.
Today's US news can be a catalyst.
The price may also respect the underlined resistance cluster, following the negative news.
❤️Please, support my work with like, thank you!❤️
GBPUSD analysis week 31Fundamental Analysis
GBP/USD plunged on Friday, as the pound was weighed down by broad market expectations of a rate cut by the Bank of England (BoE) next week. This sent GBPUSD further lower to above 1.286.
The UK’s benchmark interest rate is expected to be cut by 25 basis points to 5.0% from the current 5.25%. The Federal Reserve (Fed) will next deliver its rate call in July, and investors are generally expecting the US central bank to leave rates unchanged at one more meeting before starting its rate-cutting cycle in September. In addition, short-term PCE inflation accelerated month-on-month in June, rising to 0.2% versus forecasts of 0.1%.
Technical Analysis
GBPUSD remains in an uptrend, The decline last week is the perfect catalyst for the uptrend to continue in the coming period. The momentum shows that buyers are still in control, as depicted by the Relative Strength Index (RSI) which is still holding above 50.
GBPUSD is supported at the 34 EMA and has responded at 1.285. The next support zone is around the EMA89 with the gap filling at 1.278. These are two important price zones that GBPUSD needs to hold to maintain the uptrend in the price channel. The bullish momentum will be reduced and could be ready for a reversal if sellers push the price to the 1.262 support zone.
On the other side of the bullish trend, GBPUSD could push back to the old high of two weeks ago around 1.305 and at the highest it could touch the upper border of the rising channel around the resistance level of 1.315.
Resistance: 1.305-1.314
Support: 1.285-1.278
Trading Signals
SELL GBPUSD zone 1.305-1.307 Stoploss 1.308
SELL GBPUSD zone 1.314-1.316 Stoploss 1.317
BUY GBPUSD zone 1.278-1.276 Stoploss 1.275
XAUUSD Still bearish! heres why good evening gold gang! im back from a little trip away and ready to go
price still respecting downward trends even though very wicky today with price grabbing liquidity everywhere!
price respecting the daily candle meet and also 4h engulfing so a small pull back in asian to sell down is on the cards.
Ill need to see where price lands in the london session to see what we're going to take as there are quite a few obsticles in the way down there currently
buys need to break the 2 zones first which looks like it will need some news
BIG news week this week too so im expecting big movements
please like and share this for me!
tommy
GOLD, Huge fall Ahead ?Hello traders, hope you are doing great.
For upcoming week, I think we'll probably see an uptrend correction in GOLD at first and after that we'll probably see a fall to specified Level and beyond that. so with a proper trigger, we can open a SHORT position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
If this post was helpful to you, please like it and share with your friends.
Thanks.
XAU/USD : Another Bullish Move Ahead ? (READ THE CAPTION)Upon reviewing the #gold chart on the 2-hour time frame, we see that after hitting both targets at $2420 and $2429 and reaching as high as $2432, gold faced selling pressure and couldn’t register further gains, resulting in a total return of around 320 pips. Now that gold has declined to lower levels, it has become more attractive for buying and has created liquidity gaps that I expect to be filled soon. If the support holds in the marked areas on the chart, we might see the price rise to $2393 as the first target.
An important scenario to watch : If the price experiences a significant drop and falls below $2348, monitor the price action in that area closely. After gathering liquidity below this level, we might witness a strong upward jump.
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
XAUUSD Trading plan for August.Gold (XAUUSD) has been rebounding following a hit-and-hold on the 1D MA50 (blue trend-line) on Thursday, having closed 2 straight 1D candles above it. As long as this continues, we have a bullish development and a new Higher Low on the (dotted) Channel Up, which targets 2545 (+8.30% as the previous Bullish Leg).
If it closes below the 1D MA50 however, we expect a longer accumulation phase (blue arc) similar to June's around or even marginally below the 1D MA100 (green trend-line). In this case, we will open an additional buy and target 2500 (top of the blue Channel Up and target for both open buys).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold will go UP by Inverse H&S Pattern==>>Short termGold managed to break the Resistance line and is currently moving inside the Resistance zone($2,398-$2,376) .
Gold also created the Inverse Head and Shoulders Pattern .
I expect Gold to rise to at least the Downtrend line .
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put 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.
THE KOG REPORTTHE KOG REPORT
In last week’s KOG Report we said we would be looking for the lower levels to hold up the price, and only be looking to long into the levels 2410 and above that 2420-25. We had highlighted the region above we wanted to then attempt the short trade from which you will see was circled and price rejected from nearly pip perfectly. Not only did we get the point to point long trades which we were updated through the week, we got the pin point short as well. Now, from the level we wanted to target for the shorts, we’re in long, partials taken and protected ready for a new week of trading.
Week in, week out in Camelot it’s a similar story not only on Gold but the numerous of other pairs we trade and analyse for our team.
So, what can we expect in the week ahead?
This is week is really important, so we can expect there to be a lot of choppy price action and whipsawing across the markets. We have FOMC and NFP this week plus it’s the end of the month, we would therefore suggest traders take it a bit easier on the markets, reduce lot sizes and play defence, only picking the best setups and staying out of the potential small ranges.
We have support below 2375 and key level 2367-5 which could be potential target levels for price on opening. It’s these levels here that need hold up price to continue this structure upside into the 2295-2402 price points which for this week are key level resistance. A break of this level and above that 2410 will then take us back up towards the 2430 region and potential complete the move back up towards 2450. The range this week is bigger due to the news volume we’re expecting this week, so please be cautious.
As above, t's that 2410 level, which, if approached needs to be watched carefully, a set up there with a clean reversal could give those looking to short an opportunity to again target the lower support levels 2355 and on the break, 2330-25. Ideally, if we can get down into 2325-20 we feel the long trade awaits us.
We’ll update traders as we go through the week and of course we’ll publish the FOMC and NFP KOG Reports.
Key levels for your charts:
Support – 2376 / 2365 / 2353 / 2341 / 2330
Resistance – 2388 / 2399 / 2410 / 2420 / 2435
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
Gold Friday Trading Strategies and Signals
#xauusd
Today is Friday, July 26, 2024.
Today is the last trading day of the week. And there are many important data to be released today. So the volatility of gold today is very large. All the signals I sent out this week have been profitable. So today we need to be cautious or make a small profit to have a perfect week.
With gold falling 2351 yesterday and then rebounding. Plus today's news data is about to be released. The trend of gold is more complicated
I still give several trading prices:
The price range for buying gold:
buy: 2349-2353.5 (buy a small amount. Profitable. Because the volatility will change over time)
buy: 2329-2334 (gold falls sharply, then this signal may be triggered)
The price range for selling gold:
sell: 2389-2395 (if the first wave of gold stretches upward, then this price may be triggered. You can sell gold, sl set 2401)
sell: 2409-2413 (if gold accelerates, then trade according to this signal.)
Please set sl. And trade according to the signal. If you make a profit or like my signal. Please join me and give me a thumbs up. Thank you everyone. I wish you all a smooth trading.
Gold is Ready to Go Up==>>Short termGold has managed to break the Support zone($2,398-$2,376) and the Uptrend line .
Gold is currently approaching the Support zone($2,351-$2,329) and Potential Reversal Zone(PRZ) .
I expect Gold to rise to at least the Support line again.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put 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 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD bears are still in until here ... Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all!
bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline
the daily engulfing zone at the bottom is a great buying opportunity with war announcements on the way, price can come down there to start the next bull run.
Watch out for the end of the month usual friday shenanigans and protect your capital at all costs
have a great day
tommy
XAUUSD GOLD IS DYING!wow gang what a drop yesterday ... melting off the face of the earth!! and what a relief!
I prefer price away from all time high as there are more confluences and more price action down here to take better trades from.
I see it now following yesterdays analysis .. that was perfect!! .. to hit algo level. First ill need a pull back to then sell.
No buying opportunites at present other than the daily engulfing candle at the bottom but a way off ... i want to focus on selling it down for now
lets avvit!!!
tommy
Gold is Ready to Dump again!!!Gold started to increase from the Support zone($2,398-$2,376) with the help of the Inverse Head and Shoulders pattern and is moving now near the Resistance zone($2,451-$2,426) and inside the ascending channel .
I expect Gold to take a downward trend again in the coming hours and at least go down to the Targets I specified on the chart.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put 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.
XAU/USD : Be Ready for LONG ! (READ THE CAPTION)Upon a recent review of the #gold chart on the 2-hour timeframe, we observed that the price dropped to $2383, filling the Fair Value Gap (FVG) it created, and then surged to $2412 due to strong demand. If the price maintains support between $2388 and $2397 and breaks above $2412, we can expect further growth. Potential targets are $2420, $2429, $2443, and $2451.9. This analysis is crucial, so keep an eye on the specified levels on the chart!
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
Gold (Xau/Usd) H4 Trendline BreakoutThe XAU/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2405, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2335
2nd Support – 2297
Stop-Loss: To manage risk, place a stop-loss order above 2490. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD Gold Falling Wedge patternThe Falling Wedge pattern is a bullish chart pattern that forms when the price of a security is consolidating within a narrowing, downward-sloping range. Here's a description of the pattern:
Key Characteristics:
1. Downward slope: The price is moving downward, but at a decreasing rate.
2. Narrowing range: The range between the highs and lows is decreasing, forming a wedge shape.
3. Consolidation: The price is consolidating within the wedge, indicating a pause in the downtrend.
4. Bullish reversal: The pattern suggests a potential bullish reversal, indicating a possible uptrend.
Pattern Requirements:
1. At least 5 touches: The price should touch the upper and lower trend lines at least 5 times.
2. Downward trend: The price should be in a downtrend before the wedge forms.
3. Narrowing range: The range between the highs and lows should be decreasing.
Trading Strategy:
1. Buy signal: A breakout above the upper trend line, with a stop-loss below the lower trend line.
2. Target: The target is the height of the wedge, projected upward from the breakout point.
Important Notes:
1. Confirmation: Wait for confirmation of the breakout before entering a trade.
2. False breakouts: Be cautious of false breakouts, which can occur before the actual breakout.
3. Context: Consider the overall market context and other technical and fundamental factors before trading.
The Falling Wedge pattern can be a powerful tool for identifying potential bullish reversals. However, it's essential to use proper risk management and trading discipline when trading this pattern.