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GOLD DAILY CHART MID TERM PROJECTIONHey Everyone, Please see update on our daily chart idea, which is playing out and respecting the channel dynamics. Last week we stated we were seeing price head towards 2043 and will need to see a break above this level with ema5 to open test for the range above or a failure to close above this level will see price retrace back down to complete the channel bottom test. We are still seeing price sit between the range, as price failed to test and break above 2043 and therefore now testing close to the channel bottom, as suggested last week. 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long range swing range zones also providing the bounces each time. LAST UPDATE Last week we saw price reject on the Axis level to find support on the swing range for the bounce. This is a crucial test and will confirm support and back to testing the Axis level for a break and lock to open the range above for a channel half line test. Failure to break above the 2048 Axis level will see price retest the swing range for a full channel bottom retest. CURRENT UPDATE Price is still ranging between the axis level and the weekly swing range. We will need to see a test and break on either level to confirm the next challenge either for the channel half line above or a breakout below the channel. We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support. Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
GOLD (XAUUSD): Detailed Technical Outlook 🥇 Gold is trading in a minor bearish trend on a daily. Lower highs are perfectly respecting a falling trend line. After the last test of that, the market started to consolidate on a 4H time frame within a horizontal range. Bearish breakout of the support of the range is an important sign of strength of the sellers. We can anticipate a further decline next week. First goal will be a current local low - 2006. If the price violates that, we can expect a movement lower at least to 1990 level then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
Gold Route Map UPDATEHey Everyone, Great finish to the week with our chart idea playing out in true level to level fashion, giving plenty of time to track and trade the movement with our weighted Goldlturn level break and lock strategy. We completed the full retracement range followed with the bounce into 2026 for the perfect finish. No break and lock above 2038 and therefore the rejection into 2026 and then the 2011 retracement range confirmed by the cross and lock below 2026. We continued to take buys from the 2011 bounce into 2026, as highlighted by our chart all week. Perfect play!!! We used our weighted level to track the movement down and then catch the bounces up. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2026 - DONE BEARISH TARGETS 2026 - DONE EMA5 CROSS AND LOCK BELOW 2026 WILL OPEN THE RETRACEMENT RANGE 2011 - DONE We will now come back Sunday with our multi timeframe analysis, Gold route map and trading plans for next week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend with families and loved ones!!! GoldViewFX Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Half way through the week and our plans to buy dips on our levels are playing out, as planned with the volatile swings. We are seeing price play between the weighted levels 2022 and 2036 and as stated yesterday, we had a very slight cross and lock below 2022 leaving the to 2006 retracement range open for a test. We saw another retest at the 2036 level today from dips, allowing for better entries and a failure to cross and lock above 2036 Goldturn followed with the rejection. We are now seeing price play into the retracement range, which are all safe areas for us to buy dips, unless we see a cross and lock below 2006. Failure to lock below this level will see price maintain the range for bounces. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2022 - DONE EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Once again in true level to level fashion we got the full bounce from the support and into 2036 completing our Bullish target. No further cross and lock above 2036 confirmed the rejection. We need to keep in mind while testing support yesterday at 2022, we had a very slight cross and lock below 2022 leaving the retracement range open for a test. We are seeing a support retest taking place now towards 2022 Goldturn. A clean cross and lock below this level will solidify confirmation from before for the retracement range or support here will see another strong push up. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2022 - DONE EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2022 and resistance 2036 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2036 for a immediate bullish target and 2022, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2022 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2036 Goldturn. A cross and lock above 2036 will open the range above. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2022 EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
3
GOLD ROUTE 4H CHART TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2038 for a immediate bullish target and 2026, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2026 and a break and lock below this level will open the retracement range and a break and lock below the retracement range with ema5 will open the swing range. However, support on either levels will likely provide the bounce to the next Goldturn until we see a test at 2038 Goldturn. A cross and lock above 2038 will open the range above. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2038 EMA5 CROSS AND LOCK ABOVE 2038 WILL OPEN THE FOLLOWING BULLISH TARGET 2053 2061 BEARISH TARGETS 2026 EMA5 CROSS AND LOCK BELOW 2026 WILL OPEN THE RETRACEMENT RANGE 2011 EMA5 CROSS AND LOCK BELOW THE RETRACEMENT RANGE WILL OPEN THE SWING RANGE SWING RANGE 1986 1978 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 Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone, Please see update on our daily chart idea, which is playing out and respecting the channel dynamics. As stated last 2 week we were seeing price test the central zone of the channel, which we highlighted to show the flow of the historical challenges in the channel. The bounces from the central zone the last two weeks gave operantly to by dips using our smaller time frames. The channel half line and central zone was broken leaving the test for the channel bottom open, which played out last week. We are just short of the full test but but can accept this as support inline with the chart for the bounce highlighted by our arrows. We are now seeing price head towards 2043 and will need to see a break above this level with ema5 to open test for the range above or a failure to close above this level will see price retrace back down to complete the full channel bottom 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
OANDA:XAUUSD
by Goldviewfx
GOLD SELL CONFIRM UPCOMING MOVE Gold has struggled against this central bank headwind and is sitting on a prior level of resistance turned support at $2,009/oz. This week’s sell-off has driven the spot price through both the 20- and 50-day simple moving averages, adding to the negative tone. We noted in the article above that $2,009/oz. should hold a short-term sell-off and while this still stands, a further break lower cannot be ruled out. The next level of support at $2,000/oz. is followed by $1,987/oz. Ona longer-term basis, the chart remains positive as long as the last higher low at $1,973/oz. remains in place.
OANDA:XAUUSDShort
by Fx_Jack17
Riding the Waves: Mastering Trendline Trading in Forex and Gold Riding the Waves: Mastering Trendline Trading in Forex and Gold 📈✨ ✅Trading with trendlines is a fundamental technique in the world of forex and gold trading. Trendlines help traders identify the direction of the market and potential entry and exit points based on the prevailing trend. In this comprehensive guide, we will explore the art of trading trendlines in forex and gold, providing actionable examples to illustrate their application. Please, check this falling trend line on GBPUSD. First, it was a strong resistance. After a breakout it turned into support ✅ Mastering Trendline Trading: 1. Drawing Trendlines: Traders can draw trendlines by connecting swing highs in a downtrend or swing lows in an uptrend. These lines act as dynamic levels of support and resistance, guiding traders in identifying potential reversal or continuation points. 2. Trendline Breakouts: A breakout above or below a trendline can signal a potential shift in the prevailing trend, offering traders an opportunity to capitalize on emerging market dynamics. 3. Multiple Timeframe Analysis: Combining trendlines across different timeframes can provide a holistic view of the market trend, enabling traders to make more informed trading decisions. Take a look at this trend line, it is a strong vertical resistance. You can sell the market once it approaches that. ✅Examples: Example 1: Trendline Bounce in Forex In a currency pair chart, if the price repeatedly bounces off an upward-sloping trendline, it indicates a strong bullish trend. Traders can consider entering long positions when the price retests the trendline and shows signs of continuation. Example 2: Trendline Breakout in Gold Suppose the price of gold breaks below a descending trendline that has been acting as resistance. This breakout may signal a potential downtrend, prompting traders to consider short positions or monitor for further confirmation of the new trend direction. Look at this solid trend line on AUDUSD. Probabilities will be extremely high that the price will drop from that Mastering the art of trading trendlines in forex and gold can equip traders with a valuable tool for interpreting market trends and making informed trading decisions. By integrating trendline analysis into your trading approach, you can ride the waves of market dynamics and enhance your trading proficiency. Happy trendline trading! 📉🌟
OANDA:XAUUSDEducation
by AnabelSignals
1
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Piptistic finish to the day for us with our swing range doing exactly what it says on the tin. Yesterday we had Ema5 cross and lock below 2036 retracement range, which opened the swing range 2020 and 2005. - Both of these levels were hit We then advised that we would need to see ema5 cross and lock below 2005 to open the support structure or a failure to lock below 2005 will see price suport here to retest 2020 as resistance. - EMA5 failed to cross below 2005 confirming the rejection, which followed through by completing the swing to 2020. as part of the swing range action highlighted on the chart. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETbelow 2005 confirming the rejectionS 2051 - DONE. EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK BELOW 2036 WILL OPEN THE SWING RANGE 2020 - DONE 2005 - DONE EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD IS FALLING DOWN 👇 READ ITGold price (XAU/USD) has executed a short-term recovery move in the midst of a persistent downtrend. Gold price printed a fresh monthly low near the psychological support of $2,000 on Wednesday, then bounced. Yet despite the rebound, the precious metal remains on the backfoot as investors continue to worry about when the Federal Reserve (Fed) will start its long awaited rate-cut cycle. The hopes of an early rate-cut decision from the Fed are easing as the last leg of inflationary pressures in the United States is turning out significantly more stubborn than previously thought, due to robust consumer spending and steady labor market conditions.
OANDA:XAUUSDShort
by Fx_Jack17
Gold Setup on Fundamental New | H1 timeframeGold Setup on Fundamental New | H1 timeframe Welcome Back Traders ! -Todays at a Same Time 4 High Impact news going to happened -This idea is based on Educational Purposes -In Last FOMC and CPI news gold use the same move -Strong Resistance at 2015-2020 if these news tried to break this zone we furthermore expected 2028-2030 point - But Remember overall plan is fallen Candles - Basically 2000 point is a phycological support need more fundamental power to break All the best and Cheers...
OANDA:XAUUSDShort
by professionaltradersfx
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Update on our 1H chart idea from yesterday. Ema5 cross and lock below 2036 retracement range opened the swing range 2020 and 2005. Both of these levels were hit, as analysed and both provided the expected reactional bounces for 40 pips, as stated throughout. We will now need to see ema5 cross and lock below 2005 to open the support structure or a failure to lock below 2005 will see price suport here to retest 2020 as resistance. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2051 - DONE. EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK BELOW 2036 WILL OPEN THE SWING RANGE 2020 - DONE 2005 - DONE EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
4