GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.
Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce.
- This played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test.
We will continue to track the move up with the ascending channel half line to provide support along the way. We will also keep in mind while tracking the ascending channel half line that any break below the half line with ema5 will open the range below.
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 algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
Goldtrading
GOLD MONTHLY CHART LONG RANGE/TERM ROUTE MAPHey Everyone,
As stated last week we completed all our Bullish targets after breaking out of the ascending channel and stated that we also need to keep in mind the detachment below highlighted in circle. This may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term.
- We had the anticipated correctional drop, as you can see from the wick on last months candle but not enough to complete the full detachment.
The new month candle has now opened and in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range
CURRENT UPDATE
The mission to retest the new open range again has started with 2296 and 2360 complete. If we get the full re-test above this month then we are likely to see ema5 move up closing the detachment gap higher for any correction to take place higher.
Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above.
We still remain Bullish and will only safely take buys from support levels.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Get Ready For Breakout 🥇
Gold had a very bullish end of this week.
The market closed, attempting to violate a significant daily resistance cluster.
Your strong bullish signal next week, will be a bullish breakout of
2361 level and a daily candle close above that.
It will initiate a strong bullish continuation of the market
at least to 2391 level.
❤️Please, support my work with like, thank you!❤️
Gold strengthened on weak US employmentBy examining the trend in the four-hour time frame, global gold has broken the resistance range of 2327-2316 upwards, and now this scenario is likely that gold has broken into the resistance range after the pullback, up to the resistance range of the ceiling of the second ascending channel in the range of 2451 -2473, increase.
XAUUSD. Weekly trading levels 6 - 10.05.2024Gold in a narrow range. We are waiting for a shot from the current zones to the next ones. A good wide trade could work out.
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
----------------------------------------------
Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.
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GOLD ROUTE MAP UPDATEHey Everyone,
Once again another smashing finish to the week with our Bullish targets hit confirmed with ema5 lock to give us plenty of time to get in for the action.
Yesterday after getting our lock confirmation above 2313 we confirmed the 2340 gap, which was left open and just fell short and we were looking for it to complete.
- This was hit perfectly today followed with a further lock above 2340 opening 2358. Once again perfect hit completing another target a5 2358.
We are now seeing ema5 challenge 2358 and will need a lock above to confirm 2390. However, we will now close the week and come back Sunday with our multi time frame analysis, Gold route map and trading plans for the week ahead.
Have a great weekend everyone and please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Xauusd buy Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2367
Target 2371
Target 2375
Target 2379
Target 2383
Target 2387
Target 2400
💡 GOLD: Analysis May 9Gold fell for the second day in a row, but selling pressure continued to be as weak as the previous day, because yesterday's bar D1 had a narrow range, even narrower than the previous falling bar D1. Structurally, Gold D1 continues to move inside the Inside bar pattern, reflecting a state of cumulative price compression, and remains within the larger Inside bar and large price range. Gold D1's trend is more inclined to increase in price.
After touching the border on the H1 price frame, H1 Gold is adjusting down, however the selling pressure is not strong because the adjustment span is not steep and has large fluctuations. The scenario for buying Gold is still the dominant one today, the best option is to buy when the price breaks out to the top and then retest, otherwise you can "fish for the bottom" with the buying zone being the margin below the price frame.
💡H1 trend: Gold moves sideways.
💡Today's trading idea: Buy Gold.
GOLD 4H CHART MARKET UPDATEHey Everyone,
Our 4H chart is playing out perfectly in true level to level fashion.
We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely.
Today once again we had the support test at 2313, followed with a bounce of over 250 pips capture, all the way into our resistance level and just short of our target at 2340 - BOOOOM!!!
Perfectly inline with our plans to buy dips.
Currently we still have a small tiny gap left to 2340 and therefore likely to get hit. We will keep this 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 30 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2313 - DONE
EMA5 CROSS AND LOCK ABOVE 2313 WILL OPEN THE FOLLOWING BULLISH TARGETS
2340
EMA5 CROSS AND LOCK ABOVE 2340 WILL OPEN THE FOLLOWING BULLISH TARGET
2358
EMA5 CROSS AND LOCK ABOVE 2358 WILL OPEN THE FOLLOWING BULLISH TARGET
2390
BEARISH TARGETS
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE SWING RANGE
SWING RANGE
2247 - 2221
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD: Still bearish short term.Gold is neutral on its 1D technical outlook (RSI = 52.129, MACD = 17.800, ADX = 29.397) as since the April 30th Low it has been trading sideways in anticipation of the 1D MA50 test. The 1D RSI has been trading under its MA line for almost 1 month, which keeps the momentum bearish on the medium term, so we have to stay on this side of the trend.
Our target is that potential contact with the 1D MA50 (TP = 2,270), which is marginally over the 0.382, a standard technical target for corrections. If the Channel Down breaks downwards, we will be expecting Gold to bottom near the 0.618 Fibonacci level or on the 1D MA100 if it hits that first. That will be a low risk level to start buying again for the long term.
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GOLD ROUTE MAP UPDATEHey Everyone,
Once again our plans to buy dips played out perfectly with levels being respected!!
Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance.
Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of our range below for any corrections is allowing us to manage our risk accordingly.
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 30 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2305 - DONE
EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS
2321 - DONE
EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET
2346
BEARISH TARGETS
2285
EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE
SWING RANGE
2259 - 2240
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Gold AnalysisThe 1-hour zones around 2320.0 and 2328.5 present potential reversal zones, while the 15-minute zones near 2300.0 and 2308.5 also offer reversal opportunities. However, given their proximity, it's advisable not to enter shorts at the top and longs at the bottom simultaneously. Instead, consider longing after the top level is breached and shorting after the bottom level is broken.
Take profit targets for long positions could be around 2343.5, while for short positions, they could be around 2286.5.
GOLD Bulls targetPrice has bounced off the 50% fib level on the daily chart and has also broken out of the triangle pattern previously created.
Price currently sits at resistance so there are no clear long entries to play here that would be safe to take, but if price drops to previously lows, or creates a new higher high, then we can be waiting for the next leg towards the highs.
GOLD 1H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2305 resistance and 2285 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2305 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2285 will open the swing 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 30 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2305
EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS
2321
EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET
2346
BEARISH TARGETS
2285
EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE
SWING RANGE
2259 - 2240
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2313 resistance and 2290 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2313 to further open the range above or a rejection will follow to find support at 2290 retracement range. A cross and lock below the retracement range will open the swing range 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 30 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2313
EMA5 CROSS AND LOCK ABOVE 2313 WILL OPEN THE FOLLOWING BULLISH TARGETS
2340
EMA5 CROSS AND LOCK ABOVE 2340 WILL OPEN THE FOLLOWING BULLISH TARGET
2358
EMA5 CROSS AND LOCK ABOVE 2358 WILL OPEN THE FOLLOWING BULLISH TARGET
2390
BEARISH TARGETS
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE SWING RANGE
SWING RANGE
2247 - 2221
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.
Previously we saw the anticipated retracement take place and the price test support at 2325 Goldturn inline with the channel half line. However, Ema5 5 remained above 2325 confirming the bounce, which we were able to track and trade using our smaller timeframe.
We then stated that a break below the 2325 Goldturn support level will complete the full channel half line test and the potential for a break and lock below the half line to open the levels below until we track to the bottom of the channel or rejection back to re-test the top.
- This played out perfectly with the full half line test complete last week and now for us to track the bounce up from the half line or a break and lock below to confirm the full channel low test.
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 algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD MONTHLY CHART LONG RANGE ROUTEMAPHey Everyone,
Our last update on our monthly chart. we completed all our Bullish targets after breaking out of the ascending channel
We then stated that we also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term.
Since then we had the anticipated correctional drop, as you can see from the wick on last months candle but not enough to complete the full detachment.
The new month candle has now opened and in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range
Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above.
We still remain Bullish and will only safely take buys from support levels.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Support & Resistance Levels For Next Week
Here is my latest structure analysis and important key levels
to trade on Gold next week.
Resistance 1: 2354 - 2360 area
Resistance 2: 2392 - 2432 area
Support 1: 2215 -2264 area
Support 2: 2194 - 2222 area
Support 3: 2146 - 2165 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week with true level to level break and confirmation trading.
Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that was left open.
- This played out perfectly with 2316 hit first, followed with the full swing range test at 2278 and then to finish off the swing range did exactly what it says on the tin and gave the full swing back to 2302. Our plans to buy dips played out to perfection !!!
We will now come back Sunday with our multi-timeframe analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a smashing weekend with family and loved ones!
Mr Gold
GoldViewFX
GOLD next bear targetsWith todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards.
Price is now forming a bearish triangle pattern with support currently being tested. The plan?
- Hold for break of this key level of support
- Wait for a retest / roll reverse (lower time frames LL, MA crosses)
- Support levels at 2266 (previous low/Swing) and 2255 (deep daily fib level)
GOLD's next move?Views for the bulls and bears on this one.
price currently in the 618 382 fib zone forming variations of a flag and bearish triangle.
Price still sits above the 200MA although very close - balanced market.
- For bears we need a break below 2280 with views to 2260/2255.
- For bulls we need a solid push higher and break of falling trend line support.