Weekly Forex Forecast Nov. 25-28th: GOLD Resumes Bullish Trend.After three bearish Weekly candles, safehaven seekers pushed the prices past the previous weekly high with a strong close. Will this continue next week? I suspect it will. The Monthly and Weekly TFs show bullishness, and indicate the bearishness was short term.
That said, I am prepared to sell if the entry function presents itself at the current -FVG price is contacting. This price level is in the premium of the trading range, making it a great area to look for a short. But it is counter-trend, so a reasonable profit target is in order.
Check the comments section below for updates regarding this analysis throughout the week.
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Goldtradingstrategy
GOLD ROUTE MAP MARKET REVIEWHey Everyone,
A smashing finish to the week with our 1H chart idea playing out to perfection completing all our targets.
After completing targets and updating throughout the week, yesterday we finished with a cross and lock above 2649 leaving a gap target open to 2678.
- This target was hit today completing this chart idea and more .
4H CHART UPDATE
Our 4H chart idea also completed all targets this week, with each level giving us cross and lock confirmation with plenty of time to get in for the action.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD UPDATES Hello fellow trader, here is my new view on GOLD, as the price not reacting to previous. then I would expect a bounce, to rebalance the movement on the downside.
This is only my opinion, Idea now is to short at above trendline.
This is not a financial advice.
we wait above or we try to buy here on this zone.
FOllow for more.
GOLD:Long target 2710
This week gold rebounded for 5 consecutive days, and is currently pulling up, this week's rise has risen back to all the previous decline, short and long rapid conversion, if there is no big surprise today, the weekly line will close super big sun line, and next week has the power to rise, the weekly line is also formed a big V, today's thinking continue to be bullish. The target 2685 mentioned in the previous article is also easy to break through, and the bulls did not have any weakening signal, such a market is not directly chasing the car, it is difficult to find its top in what position, follow the trend is the safest, this wave of gold rise and the escalation of the situation in Russia and Ukraine have a direct relationship.
More aggressive friends can be directly long near 2690, a safe entry point is 2680-85. You can buy multiple orders in batches. Target look near 2710.
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GOLD:Retracting the long trading strategy
Gold rebounded to around 2660 as scheduled, the bulls have come to strong pressure, but it has no meaning to fall, we can not know the end of this wave of long rebound, the operation to follow the trend, the shape of the weekly bearish trend will be changed, yesterday's bottom pulled up again, the daily line step by step, three consecutive trading days closed in the sun, Such a market must see clearly the general direction, otherwise it is difficult to grasp the rhythm, when you can not see clearly on the sidelines waiting, today's thinking waiting for its retrace opportunity to do long.
Daily line these two days to form two strong support, one is yesterday's low 2618 near, this position is not broken, short-term are strong, if broken, the form may form a new bear.
Another support is around 2642, yesterday's rebound high, is also a new form of support, today back to step on this position first layout more single. Target 2660, after breaking 2680-85.
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our analysis and plans to buy dips working out perfectly!!
After completing our targets all week, yesterday we stated that we were now looking for ema5 to cross and lock above 2649 to open 2678. We got the cross and lock, which followed with a nice move up of over 200 pips so far but just short of the full target. The gap remains open however, buying dip is the safest way to chase open gaps.
As long as support holds above 2649 with no lock below, we will continue to buy dips in this range until we see a failure above followed with a test and break and lock below 2649, which will open the lower Goldturn.
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 and knowing we have gaps above, allows us to safely buy from dips.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2574 - DONE
EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET
2599 - DONE
EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET
2622 - DONE
EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET
2649 - DONE
EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET
2678
BEARISH TARGETS
2551
EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET
2525
EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE
SWING RANGE
2506 - 2484
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Continue to go long based on 2641, target 2660~2670The intraday direction is still very clear. The biggest problem is where to go long. After the US market broke through the high point of 2641 in the Asian market, 2641 formed a reverse support. Today, relying on the top and bottom conversion support of 2641, we continue to go long. But please note that it is expected that it is difficult to have a large retracement. What needs to be done is to go long directly with the trend. On the one hand, it is difficult to give the market an opportunity to enter the market at a low price after such a break. It is usually difficult to start after a retracement. On the other hand, the market is shrouded in concerns about Russia and Ukraine. As the tension between the two sides continues to escalate, gold may continue to surge at any time due to risk aversion.
In terms of intraday operations, in summary, don't look for resistance in the rise, continue to go long with the trend, the support level is 2640/46 area, and the second is 2637/33 area. Either step back to the support level, or buy directly based on the support level as SL, with the target of 2660-2670 area.
Risk aversion rises, continue to go longThe daily chart of gold shows strong performance, and the intraday trend is also fluctuating upward. There are opportunities for BUY/SELL in the fluctuating market! Today, the upper resistance of gold is at 2673 US dollars. Rebounds rely on short selling below this resistance, and then look at the support of 2641 US dollars below!
Gold continued to rise strongly yesterday. If it falls back, continue to go long. Don't think too much.
The 1-hour moving average of gold crosses the bulls upward, and gold is still strong in the short term. After breaking through 2640 in the US market yesterday, gold continued to rise strongly. Gold 2640 has now turned into support. Gold falls back to 2640 and continues to go long on dips.
First support: 2647, second support: 2640, third support: 2620
First resistance: 2662, second resistance: 2673, third resistance: 2685
Trading strategy:
BUY: 2645-2647
SELL: 2671-2673
XAUUSD Pattern FormationDuring the last bearish momentum which happened between 2790 - 2536, there were imbalances created in between (2 FVGS covered in the chart) and one has already been covered.
I do anticipate that the price might complete this imbalance and continue with the bearish movement! An analysis will follow up using a shorter time frame.
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Gold - Wave 5, plus CCI and RSI confirmationAt the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.
The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.
The candles formed three white soldiers that seems very strong.
We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
GOLD TECHNICAL UPDADE GO AND >READ THE CAPTAN BuddyS Dear friend 👋
Gold trading signals technical analysis fundamental analysis Update)
BuddyS Gold 1D Time Frame 🖼️ looks like high Volume Buying said technical analysis looks fisrt testing supply zone 2686📈
That is big resistance level pullback down trand 🙊📉 down trand target 🎯 2506 long time Trade ) First Hit limit trade entry ☺️
signals 🚀 buying side 2622
Target 2640 2680 OANDA:XAUUSD TVC:DXY
Signals selling side 2686
Target 2650 2500
Follow risk management ❤️
Support ✴️ My hard analysis setup like And Following Me 🤝 that star ⭐ off game 🎮 📉📈
GOLD ROUTE MAP UPDATEHey Everyone,
A Piptastic day on the charts today once again hitting our targets and playing out, as analysed.
After completing our targets this week yesterday we stated that we had a cross and lock above 2622 opening 2649 and as long as 2622 holds and we don't see a cross and lock below 2622, 2649 will remain open.
- This played out perfectly, as 2622 held without ema5 crossing and gave the support for our Bullish target at 2649 to be hit, completing this target!!
We will now look for ema5 to cross and lock above 2649 to open the range above or failure to lock above will see price test the lower Goldturns for support.
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 and knowing we have gaps above, allows us to safely buy from dips.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2574 - DONE
EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET
2599 - DONE
EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET
2622 - DONE
EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET
2649 - DONE
EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET
2678
BEARISH TARGETS
2551
EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET
2525
EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE
SWING RANGE
2506 - 2484
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD: 20/11 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance is 2640, support below is 2564
Four-hour resistance is 2640, support below is 2507
Gold operation suggestions: Gold prices generally showed an upward trend on Tuesday. Today, they shot up to around 2640 and were blocked. Judging from the current 4-hour gold trend, focus on 2638-42 for short-term suppression at the top, 2650 for important suppression at the top, 2606-2610 first-line support, patiently wait for key points to enter the market. Wait patiently for key points to enter the market.
SELL: 2635near
BUY: 2608near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.