GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Great start to the week with our route map chart idea playing out as planned. Price supported above 2018 and failed to lock below confirming the push up, perfectly hitting our Bullish target at 2033 Goldlturn.
We will now need to see 2033 cross and locked to open 2046. Failure to lock above will see rejection into support to test 2018 again.
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
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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
Goldtrading
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 test support at 2018 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 2033 Goldturn.
Price is playing in a central range in this overall structure and likely to see big swings either way. We will be managing a tight risk model to be able to move move with the swings without over exposure.
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
2033
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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 DAILY CHART MID TERM PROJECTIONHey Everyone,
This is the new updated DAILY CHART idea with updated levels and Goldturn channel after completing our last daily chart idea all the way into the new ATH.
Price is playing in the central zone of the channel with immediate support 1998 and resistance bullish target at 2043.
The channel half line may also provide support before the 1998 level and a test and break above 2043 will open the range into the channel top for a test.
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
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.
Last week we highlighted that we are seeing price in our updated swing range zone and expect reaction on this zone. This played out perfectly, as the swing range providing the swing straight into the axis target once again.
We are now seeing price back in the channel and will need to see a break above 2048 to establish a range back in the Goldturn 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!
Have a great weekend all!
MR GOLD
GOLD (XAUUSD): 2 Scenarios Explained 🥇
US fundamentals are coming in 30 minutes.
Here are the potential scenarios for Gold.
Bullish Scenario
The market is currently testing 2041 resistance.
If the market breaks and closes above that
a bullish continuation will be expected at least to 2070.
Bearish Scenario
Gold is currently consolidating within a narrow
horizontal range on an hourly time frame.
If the price breaks and closes below its support - 2029,
a bearish movement will be anticipated at least to 2015.
Wait for a breakout and then follow the market.
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP & TRADING PLAN - UPDATEHey Everyone,
We finish off the week completing all our targets into 2045 weighted level to complete the range. 2045 failed to break with ema5, as stated yesterday and therefore followed with the rejection.
We will now wait patiently for price to settle into a weighted support level below from this rejection and create a new Goldturn to catch the bounce up.
BULLISH TARGETS
2012 - DONE
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022 - DONE
2034 - DONE'
2045 - DONE
BEARISH TARGETS
1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE
SWING RANGE -
1978 -1965
1978 - DONE
We will now come back Sunday with our multi timeframe analysis, gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD: Hit the top of the Channel Down.Gold reached the top of the ATH Channel Down and so far is being rejected. Turning bullish on its 1D technical outlook (RSI = 57.506, MACD = 11.660, ADX = 41.229) means that it is not unlikely for the top to break but we will engage (buy) only if the R1 level (2,048) breaks and target the R2 level (TP = 2,090). Until this happens, we will use the rejection to short and target the S1 level (TP = 1,972.50).
See how our prior idea has worked:
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Gold Sell Confirm Prediction Or Analysis For Today Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence, the focus will remain glued to the outcome of the highly-anticipated FOMC policy meeting, scheduled to be announced later today.
GOLD ROUTE MAP & TRADING PLAN - UPDATEHey Everyone,
And what can I say apart from BOOOOOOM!!!!
We got the swing range reaction we expected once again for another perfect swing and a lovely catch for us, from the bottom inline with our plans to buy dips.
We also got our Bullish targets at 2001 and 2012 now complete. 2012 is a weighted level and will need ema5 to lock above it to open the range above or failure to lock above will follow with a rejection back to support..
As stated throughout, our updated levels and weighted levels will allow us to track the movement down and then catch the 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
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE
SWING RANGE -
1978 -1965
1978 - DONE
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: Strong pressureAttempting to recover in the first half of the session, buyers were unable to push the price above the important psychological resistance level of 2000. Selling pressure returned strongly around this resistance level and created a new bearish signal. This price behavior shows that sellers are still in control of the situation, the price will likely continue to go down, those with short positions can continue to hold, the next targets are around 1930 and 1900 respectively.
💡 XAUUSD: Expect big CPIWorld gold prices are on a decline, influenced by the strengthening USD and the upward trend in bond yields. The USD saw a 0.2% increase, rendering gold more costly for those holding different currencies. Concurrently, the surge in US 10-year Treasury yields elevated the opportunity cost associated with holding gold.
Investor attention is currently focused on significant upcoming meetings of various central banks. Notably, the European Central Bank, Bank of England, Norges Bank, and Swiss National Bank are scheduled to hold policy meetings on Thursday. Additionally, investors are keenly awaiting the release of US inflation data, which is anticipated to impact the policy direction of the US Federal Reserve (Fed).
Jim Wyckoff, a senior analyst at Kitco Metals, remarked, "Gold traders are in anticipation of new fundamental factors." The short-term chart condition of gold has deteriorated, and a higher-than-expected Consumer Price Index (CPI) number could potentially trigger selling pressure in the gold market.
GOLD ROUTE MAP & TRADING PLAN - UPDATEHey Everyone,
Another great day on the charts today, catching the bounce from the swing range. Once again it did exactly what it says on the tin!!
Yesterday we stated on the chart update that we had the first test on the swing range level at 1978 and we were expecting a swing reaction here. This played out perfectly, as we got the swing into 1990 inline with our plans to buy the dip for a clean catch.
1978 and 1965 are both swing range levels and therefore expecting reaction on both levels. Price is now re-testing 1978 for another bounce taking place now. We would need to see ema5 cross below 1978 to open the range below.
We will continue to track and trade this level to level using ema5 to direct us. Our updated levels and weighted levels will allow us to track the movement down and then catch the 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
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE
SWING RANGE
1978 -1965
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 ROUTE MAP & TRADING PLAN - UPDATEHey Everyone,
The bearish continuation from Friday followed through today with price heading straight into the highlighted retracement range. This weighted level gave the 40 pip bounce as suggested. Even against the trend our levels provide the bounce from the weighted levels, allowing us to track and trade the movement with or against the trend.
Ema5 broke the retracement range opening the swing range, which is also playing out, testing the first level of the swing range at 1978. We expect a reaction on this zone at each level, 1978 - 1965. - Once again 1978 weighted level also followed with a 40 pip bounce.
We will continue to track and trade this level to level using ema5 to direct us. Our updated levels and weighted levels will allow us to track the movement down and then catch the 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
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE
SWING RANGE
1978 -1965
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): Your Trading Plan For Next Week 🥇
Gold turned very bearish after NFP release on Friday.
The price attempted to violate 1997 - 2008 horizontal support
and closed within its boundaries.
I believe that we gonna see one more of its breakout attempt next week.
A daily candle close below will confirm a violation.
A bearish continuation will be anticipated to 1977 then.
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week.
We are now seeing price test a weighted support structure 2001 - 1990 with a immediate bullish target open at 2012 and a retracement range target at 1990
However, we would need to see ema5 cross above 2012 level to open the levels 2022 and 2034. Failure to lock above this level will follow with a rejection into support. We will then look for each of the weighted levels to be broken with EMA5 to track the movement in true level to level fashion, up or down.
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
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
SWING RANGE
1965
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 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week similar to our 1H chart idea.
We are now seeing price test support above 1999 Goldturn with a immediate bullish target open at 2014 and Bearish targets at 1999 and a retracement range target at 1983.
We would need to see ema5 cross above 2014 level to open the upper levels at 2030 and 2047. Failure to lock above this level will follow with a rejection into support. A break below the retracement range will open the swing range. We will look for each of the weighted levels to be broken with EMA5 to track the movement in true level to level fashion, up or down.
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
2014
EMA5 CROSS AND LOCK ABOVE 2014 WILL OPEN THE FOLLOWING BULLISH TARGET
2030
2047
BEARISH TARGETS
1999
1983
EMA5 CROSS AND LOCK BELOW 1983 WILL OPEN THE SWING RANGE
SWING RANGE
1960
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 AUTHORR
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 for a number of months now. We had a smashing few weeks hitting all our Bullish targets all the way upto 2137 inline with the channel half line.
We failed to see the half line break or a break above 2137 with ema5 and therefore price rejected here for a drop into support testing the channel bottom also inline with the ema5 detachment.
We are now seeing price in the swing range zone and expect reaction on this zone. We can now now use our smaller timeframe to buy dips considering the weekly chart price is in the swing zone with room to still play within.
We need to keep the above in mind and continue with our plans to buy dips, 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!
Have a great weekend all!
MR GOLD
GoldViewFX - Gold long term projection and plan - BOOOOOM!Hey Everyone,
This is our monthly chart long term projection chart. We have been tracking this chart since July and now completed this chart idea hitting all our targets perfectly with a perfect finish on the channel top. - BOOOOOM!!!!
We are now seeing the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line.
We will see a reaction on this channel half line for another push up to retest the upper range again or a break below the channel half line will open the range below.
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.
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): Trading Plan Ahead of NFP 🥇
Today we are expecting the US NFP report.
Here are the potential scenarios for Gold.
Bearish
If the price drops and closes below 1998 key daily structure support,
it will be a strong bearish signal and a further decline will be anticipated
at least to 1978
Bullish
The price formed an inverted head and shoulders formation on a 4H time frame.
Bullish breakout of its neckline - 4h candle close above 2041 will give you
a strong bullish confirmation.
A bullish continuation will be anticipated at least to 2060 level then.
Patiently wait for a breakout and then follow the market.
❤️Please, support my work with like, thank you!❤️