Gold Needs Correction!!!Gold is moving in the Resistance zone($2,450-$2,426) .
Gold moved as I expected in the previous post .
According to the Elliott wave theory , Gold has finished main wave 5 , and we should wait for Corrective Waves .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the Support zone($2,400-$2,376) .
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.
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Goldsignals
XAU/USD : Ready for another Fall ? (READ THE CAPTION)By analyzing the 6-hour chart of #gold, we observe that, as expected, gold experienced a decline and corrected to $2391 with a yield of 280 pips. Subsequently, the price saw a resurgence in demand and has risen to $2416 so far. The important supply levels are $2418.5 to $2424.6 and $2429 to $2433. The important demand levels are $2378 to $2384.5, $2369 to $2375, and $2326 to $2333. Keep an eye on the price reaction to these specified levels.
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 (XAUUSD): Updated Support & Resistance Analysis
Here is my structure analysis for Gold.
Resistance 1: 2495 - 2505 area
Support 1: 2422 - 2450 area
Support 2: 2391 - 2394 area
Support 3: 2348 - 2356 area
The resistance that I underlined is based on a psychological, whole number price level.
Consider these structures for pullback/breakout trading.
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XAUUSD is today the day for all time high? we're only 180 pips away .. can it happen?
i think price can come down first to take the wick as liquidity before coming up in news.
The last bit of major structure we have has now been broken and closed above as per sundays analysis but i think we need to come down just to grab some fuel.
as usual ill be watching the charts for signs of reversal etc so make sure you're following along
its money time
tommy
GOLD (XAUUSD) May Update All Time High
I think that probabilities are high that Gold will update the ATH soon.
If we study the price action since April, we can spot that the market
has already updated ATH twice.
The completion points of the last 2 bullish waves were the Higher Highs.
Now we are in a wave 3, so get ready that the high will be updated again.
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Gold Roadmap==>>15-minute time frameAfter announcing the CPI Indexes , Gold managed to break the Resistance zone($2,400-$2,376) and change the Gold scenario, and I expect Gold to create a new All-Time High(ATH) in the coming week.
Today, I shared with you the analysis in the 15-minute time frame .
According to the theory of Elliot waves , it seems that Gold has succeeded in completing microwave 4 of the main wave 5 .
I expect Gold to rise to at least $2,431 in the next hours or at the beginning of next week, and as I said, it will probably create a new ATH in the next week.
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 REPORT THE KOG REPORT:
In last week’s KOG Report we said we would be looking at the key levels to give us RIPs. We started the week with a decent short into the support levels where we suggested the move could take us back into the 2350-55 region if 2370 was broken. That move gave us a wonderful opportunity to then capture that long trade we wanted taking us up into the Excalibur targets. During the week, we updated traders with our plans and continued to look long completing the week where we are now, but not the whole move!
A wonderful week for us on Gold and all the other pairs we trade and post targets for in Camelot.
So, what can we expect from the week ahead?
This week we’ll keep it simple and say expect more aggressive price action as well as a potential gap on opening! We have the key levels above sitting at 2420 and above that 2430-35 resistance. Below we have 2402 and 2395-90 support which need to hold price up in order for us to continue upside in attempt to create a new all time high.
We’ll start the week with caution and suggest going long up here is a little risky, so instead, we’ll be looking for the resistance level to hold down the price, and upon a confirmed reversal, we feel there may be a short trade on the cards into the lower support levels. The first level we feel there may be a small RIP is the 2430-35 region, but only for scalping into immediate support levels. It’s that level above, 2460-75 which is a huge region that is sticking out to us at the moment, and if propelled into, could give us the opportunity for a nice short trade. If held and upon a clean set up.
On the flip, we need to break below 2395 and close below it in order to then see lower pricing, so if there are any aggressive whipsaws, expect price to target that region and take the BE traders from Friday.
KOG’s bias for the week:
Bullish above 2390 with targets above, 2430 and above that 2350
Bearish on break of 2390 with targets below 2375 and below that 2365
As we said above, it’s a simple and quick report this week, we’ll update traders as we usually do through 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
GOLD (XAUUSD): Important Decision Ahead
Gold is trading in a global bullish trend.
We can see that after a strong bullish wave in February and March,
the market stopped growing and started to trade within a horizontal range.
The market is stuck within the range for more than 3 months.
We see a test of its upper boundary at the moment.
An important decision is now ahead.
I believe that a bullish breakout of the resistance of the range
and a weekly candle close above that will be a strong bullish signal.
A new bullish wave will most likely initiate then.
Alternatively, the market may respect the resistance of the range the 4th time and keep
staying within its boundaries.
Let's watch the price action and look for the signal.
I will post the update soon.
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XAUUSD Coming out of its consolidation and turning bullish.Gold (XAUUSD) is on a sustainable short-term rise above the 1D MA50 (blue trend-line) and is coming out of a consolidation pattern (blue) similar to December 2023 - February 2024. Both were supported by the 1D MA100 (green trend-line) and both are within the long-term 18-month Channel Up.
This could technically be the start of the 3rd Bullish Leg of this pattern. Our Target is a 'modest' 2600, which may be almost +15% from the bottom, but would still be the weakest Leg of the three.
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EUR/USD : More Bullish Movements ? (READ THE CAPTION)By analyzing the EUR/USD chart on the 4-hour timeframe, we observe that the price is trading around the 1.09090 level. As you know, the price is within a supply zone. However, given the context, we are likely to see this resistance break. If the support holds within the 1.088 to 1.08880 range, we can expect further growth for the EUR/USD.
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 3 options for monday! have a look happy sunday gold fans! hope you're well and enjoying your weekend awaiting football!
Id like to see a move down to the zone i wanted friday to buy but with whats gone on with trump this weekend, id like to think it may just shoot up for the all time high.
For me to sell id like to see some price forming bearish structure in the daily engulfing first
Im under no illusion that all time high may not happen so im prepared either way, this is why im a scalper so i can react to price as it happens and happy to take buys and sells
daily trend is still broken to the upside for now so lets see if we continue higher at open, but to be honest, im probably gonna be a bit pissed by then lol
catch you in london!!
tommy
GOLD (XAUUSD): Bullish Outlook Explained
Gold finished this week in a strong bullish wave.
Analyzing key levels, we can see that the price
did not manage to test a key daily supply cluster.
I think that the market has a nice potential to continue growing.
If you missed the entry, you can consider looking for buying
from a demand zone that is based on a falling trend line and
a broken horizontal resistance.
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GOLD DAILY CHART UPDATEHey Everyone,
Please see update on our daily chart structure.
Last week we had the cross and lock above 2355 leaving a gap to 2405.
- This gap was completed perfectly, as analysed by us.
We now have a candle body close gap above 2405 leaving a gap to 2465 and will need EMA5 lock to further confirm this.
We have marked the charts with our unique weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our mid to longer term weekly chart idea.
Last week we advised that we are now seeing price head towards the channel top with a long range/term target at 2434 above the channel and 2505 long range axis target. We also stated that we will keep in mind the potential for temporary short term resistance at the channel top.
- This played out perfectly, just like we stated!!
We got the hit on the channel top like we analysed and now potentially seeing some resistance like we said.
We now also have the gap still remaining at 2434 but just need to keep in mind the conflicting resistance before with the channel top. We will also need to look for ema5 to lock above 2434 to open the long range Axis target 2505.
The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
SILVER (XAGUSD): Bullish Outlook Explained
Silver may start growing next week after the market opening.
I see a nice bullish engulfing candle on a 4H time frame
after a test of a strong intraday horizontal structure support.
I think that the price will reach at least 31.2 level.
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GOLD ( UNDER PPI NEWS EFFECT ) ( 4H ) XAUUSD
HELLO TRADERS
Tendency the price trade above turning level at 2394$ , indicates is under bullish pressure
TURNING LEVEL : a black line between resistance and support level around 2,394$ , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line above turning level around 2,423 $ , indicates selling have already increase this level , so if the price trade above turning level reach this level
SUPPORT LEVEL : there is a black line below turning level around 2,369$ , indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : know the price in the FVG area ,it will attempt reach a turning level around 2,394$, after rising to the resistance level around 2,423$ , then stable above this level reach 2,440$ , if the price breaking turning level reach a support level at 2,369$ , then stable by open 4h candle above this level reach a 2,345$
TARGET LEVEL :
RESISTANCE LEVEL : 2,423$ , 2,440$
SUPPORT LEVEL : 2,369$ , 2,345$
Gold will Attack to the Support zoneGold failed to break the Resistance zone($2,400-$2,376) and started to fall again.
According to the theory of Elliott waves , it seems that Gold has successfully completed the Double Three Correction(WXY) .
I expect Gold to attack the Support zone($2,338-$2,318) and go down to at least $2,330 .
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.
GOLD (XAUUSD): Intraday Bullish Signal
Following a structure analysis that I share earlier,
Gold nicely respected a key daily structure support.
I see a bullish breakout of a bullish flag pattern on an hourly time frame.
I think that more growth is coming.
Next resistance - 2417
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GOLD (XAUUSD): Updated Support & Resistance Analysis
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Falling Trend Line
Horizontal Structures
Support 1: 2386 - 2393 area
Support 2: 2348 - 2356 area
Support 3: 2334 - 2339 area
Support 4: 2286 - 2298 area
Resistance 1: 2426 - 2450
For now, I am looking for a pullback to Supports to buy the market from.
Consider these structures for pullback/breakout trading.
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XAUUSD All time high tomorrow?!gold ganggggg what a great day again catching the sells down after cpi!! amazin catch planned and executed to perfection.
We have big friday and PPI news tomorrow which could catapult us to all time high once again
before that id love to see a retrace back to the origin of the news move today and buy up
its gonna be a crazy day!!! lets strap in
follow me if you're not .. dont miss out
catch you in london
tommy
XAU/USD : First Long, Then SHORT (READ THE CAPTION)By analyzing the gold chart on the 4-hour timeframe, we observe that the price is currently trading around $2382. In a few minutes, we will have CPI statistics, and if these figures exceed the predicted rate, it could lead to a decline in gold prices or vice versa! Possible scenarios include the price initially breaking through the $2393 level for liquidity accumulation, even reaching $2404 to fill the old FVG , and then experiencing another decline. Alternatively, the price might start falling right from this current range. Pay attention to the important levels I’ve identified and be cautious during trading around the news!
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