GOLD MARKET UPDATEHey Everyone,
Great start to the week with our chart idea playing out perfectly.
As stated we are we got a drop into the retracement range no ema5 cross and therefore nice bounce all the way into hitting our Bullish target 2339 and now heading towards 2360 target.
We are looking for the ema5 lock to further confirm 2360 Goldturn to complete this range targets.
We will continue to see play between the weighted levels and until one breaks to open the next one. True level to level tracking and trading.
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
2339 - DONE
EMA5 CROSS AND LOCK ABOVE 2339 WILL OPEN THE FOLLOWING BULLISH TARGET
2360
EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET
2389
BEARISH TARGETS
2313
EMA5 CROSS AND LOCK BELOW 2313 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2290 - 2275
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
Tradingideas
GOLD - Falling WedgeGold's current Falling Wedge Reversal pattern presents an excellent opportunity for traders to capitalize on a potential upward movement. By waiting for a confirmed breakout above 2334 , or alternatively entering at the support level of 2320 , traders can strategically position themselves for potential gains. Ensuring a stop loss at 2316 will help manage risk and protect capital.
GOLD 4H CHART ROUTE MAP & 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 two weighted levels 2339 resistance and 2313 is the weighted support for this range. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2339 to open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2313 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
2339
EMA5 CROSS AND LOCK ABOVE 2339 WILL OPEN THE FOLLOWING BULLISH TARGET
2360
EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET
2389
BEARISH TARGETS
2313
EMA5 CROSS AND LOCK BELOW 2313 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2290 - 2275
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 WEEKLY CHART LONG TERM/RANGE ROUTE MAPHey 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 term swing range zones have also provided the bounces each time.
After completing our bullish target of 2438 2 weeks ago confirmed by the body close gap at 2404. No further gap was created and only a wick confirming the rejection.
The rejection completed the detachment to ema5 below as highlighted land also inline with the channel top, which we were looking for a re-test to confirm support.
CURRENT UPDATE
We got the bounce from the channel top into 2360 for a nice catch and now we are seeing price reject at 2360 and closed below the channel top opening the gap below at 2313. We will need to see ema5 also cross into the channel to support the body close for further continuation in the channel or failure of ema5 to cross back into the channel will see another push up from the channel top.
If this support breaks and the channel top does not provide the dynamic support we are looking for then we are likely to see price break back into the channel for a further correction to respect the levels in the channel once again. The levels will then provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames.
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 TERM/RANGE ROUTE MAPHey Everyone,
We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened 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
LAST WEEKS UPDATE
We saw price take a drop last week inline with the longer term correction we were looking for on this monthly chart.
While chasing the bull on our smaller timeframe over the last few months we kept in mind the detachment every week on this chart reminding our followers, with the highlighted circle keeping in mind the market can throw this curve ball at anytime due to the detachment below and to manage risk according in the range due to the wider available range.
CURRENT UPDATE
We saw a continuation of the drop further closing the gap of the detachment with a gap now left open at 2235. Long term we will like to see and look for price to 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 CHART UPDATEHey Everyone,
Great finish to the week with another nice catch from the dip.
Not much to update today, as we saw price play between both weighted levels like we suggested yesterday. Currently back to testing the 2322 level again. We will need to see ema5 lock above or below either level to open the next range.
We will now come back Sunday with our multi time-frame 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!
As always, have a great weekend with family and loved ones.
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today, tracking the movement up and down.
Yesterday we stated after hitting 2361 that we now need to see ema5 lock above 2361 to open the next target or rejection with no lock. We were able to get a few more hits on the 2361 level during Tokyo session and were able to use the smaller timeframes to buy dips.
2361 failed to cross with ema5 and therefore confirmed the rejection that we are seeing now towards the 2322 weighted level. As long as ema5 remains above 2322, we can use our smaller time-frames and intraday levels to buy dips from this range.
Our 1h chart has a gap open to 2365, which was just short by a few pips but as good as done and we have support at 2331 on the 1H chart. We will keep this in mind, as we track both charts.
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
2361 - DONE
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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 futures rebounded strongly after last week's price pullbackWith the June settlement nearing its first be aware day, the August 2024 gold futures settlement will quickly turn out to be the maximum actively traded. Currently, the August 2024 settlement is up $27.40, buying and selling at $2,384.30. Multiple elements were riding gold`s ascent to document highs. While a few analysts characteristic the treasured metal's rally to greenback weak point and declining U.S. Treasury yields, our evaluation shows that geopolitical and macroeconomic impacts have performed a extra full-size role.
Ongoing army conflicts withinside the Middle East and the Russia-Ukraine battle keep to gasoline geopolitical uncertainty, bolstering gold`s safe-haven appeal.
Additionally, primary banks international had been regularly growing their gold holdings over the last years, with China's primary financial institution a number of the maximum competitive buyers.
China's client call for has additionally been a first-rate catalyst for gold's current surge. According to UBS, "A vast motive force of the surge in gold costs has been the sturdy boom in China's gold call for, specifically glaring withinside the first zone of 2024.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the market today completing our 4H chart idea bullish target.
This chart was shared on Sunday with 2361, as an open target. This target was completed today with a perfect hit.
We now need to see ema5 lock above 2361 to open the next target. Our 1h chart has a gap open to 2365, which was just short by a few pips. We will keep this in mind, as we track both charts.
As stated above we will need to see ema5 lock above 2361 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2290 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
2361 - DONE
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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 1H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed hitting our open bullish target at 2350. We were able to trail this to 2358 for a nice catch.
We are now seeing ema5 lock above 2350 opening 2365 and 2378. 2365 will need a ema5 cross to further confirm the 2378 gap.
We now have gaps above and a retracement range below that has not had a test. As long as we stay above the retracement range, we are likely to see the bullish gaps complete. A break and lock below the weighted level of the retracement range 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
2350 - DONE
EMA5 CROSS AND LOCK ABOVE 2350 WILL OPEN THE FOLLOWING BULLISH TARGETS
2365
2378
BEARISH TARGETS
2315
EMA5 CROSS AND LOCK BELOW 2315 WILL OPEN THE SWING RANGE
SWING RANGE
2274
EMA5 CROSS AND LOCK BELOW 2374 WILL OPEN STRUCTURE SUPPORT
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
This revelation pushed back interest rate cut expectationsGold fee has reached the inexperienced field location now and could watch for a response. If a robust bullish jump response happens on this location then the bullish fashion might be showed to preserve. Meanwhile, a in addition decline underneath this location might be a bearish signal withinside the medium-lengthy term. In the lengthy term, so long as expenses preserve to shape better swing excessive and swing low points, the fashion will remain bullish.
World gold prices increased slightly in the context of a downward trend in the USD index. Recorded at 9:20 a.m. on May 27, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,620 points (down 0.02%).
While central bank purchases and strong Asian demand have created a bullish trend in gold prices in the term, the US Federal Reserve's (FED) monetary policy work is but tentative. will create a vibrant gold price market.
Minutes of the Fed's recent Federal Open Market Committee (FOMC) meeting showed solid results. In particular, the central bank exempts and reduces interest rates when applying the inflation capacity is still high.
GOLD 1H CHART 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 2331 with price close below it leaving a gap to the retracement range. However ema5 cross will further confirm this, as a target. We also have a gap above at 2350.
We now have gaps between both support and resistance weighted levels. Gap above at 2350 weighted level and gap below at 2315 Goldturn.
We will need to see ema5 lock above 2350 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2315 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
2350
EMA5 CROSS AND LOCK ABOVE 2350 WILL OPEN THE FOLLOWING BULLISH TARGETS
2365
2378
BEARISH TARGETS
2315
EMA5 CROSS AND LOCK BELOW 2315 WILL OPEN THE SWING RANGE
SWING RANGE
2274
EMA5 CROSS AND LOCK BELOW 2374 WILL OPEN STRUCTURE SUPPORT
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 & 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 two weighted levels 2361 resistance and 2322 is the weighted support for this range. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2361 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2290 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
2361
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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 WEEKLY CHART LONG TERM/RANGE ROUTE MAPHey 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 term swing range zones have also provided the bounces each time.
Last week we completed our bullish target of 2438 confirmed by the body close gap at 2404. No further gap was created and only a wick confirming the rejection.
The rejection completed the detachment to ema5 below as highlighted last week and also inline with the channel top, which we were looking for a re-test to confirm support.
If this support breaks and the channel top does not provide the dynamic support we are looking for then we are likely to see price break back into the channel for a further correction to respect the levels in the channel once again. The levels will then provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames.
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 TERM/RANGE ROUTE MAPHey Everyone,
We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened 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
LAST WEEKS UPDATE
We got the test at 2421 completing the gap from last week and our monthly chart idea and now the detachment below has also moved up with the momentum of the movement last week closing the gap further like we said above. We now only have 2483, as our long term extended target on this chart idea left.
CURRENT UPDATE
We saw price take a drop last week inline with the longer term correction we were looking for on this monthly chart.
While chasing the bull on our smaller timeframe over the last few months we kept in mind the detachment every week on this chart reminding our followers, with the highlighted circle keeping in mind the market can throw this curve ball at anytime due to the detachment below and to manage risk according in the range due to the wider available 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 DAILY CHART UPDATEHey 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, which played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test.
The bounce up left a gap above at 2414 Axis target last week.
- This gap was hit and target completed perfectly last week. We will now look for a break above this level to continue the full channel top test or a rejection at this level will see price look for channel half line test dynamically, as the channel ascends.
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 DIALY CHART UPDATEHey Everyone,
After sharing our 1H and 4H charts with completed bull targets earlier this week followed with the swing range test and bounce, please now see our daily chart update from last Sunday.
As you can see our unique Goldturn channel top was respected perfectly followed with the rejection into the channel half line, as highlighted by the arrows last Sunday.
This chart idea is playing out and respecting the direction and the dynamic ascending support so far on the channel half line.
Support here and we will see another push up or a break below the half line will open the lower half of the channel. We will continue to track this level to level with our smaller time-frame analysis.
We will now come back Sunday with our multi time-frame 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!
MR GOLD
XAUUSD TOP AUTHOR
GOLD 4H CHART MARKET UPDATEHey Everyone,
Our 1H chart update yesterday completed the bullish targets followed with the drop shared yesterday completing the bearish targets. We got the swing range bounce, as part of our plans to buy dips and now broken the swing range on the 1h chart.
However, Switching to our 4h chart, we can see after completing all our bullish targets, we got the cross and lock below 2379 opening the 4h swing range, which was also hit today and now testing for support. We are also likely to see our bounce like our 1H chart for a 30 to 40 pip catch.
This area is a crucial test of support. A break and lock below the swing range will open the range below or support here will follow with a retest above at 2379.
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
2418 - DONE
EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438 - DONE
POTENTIALLY 2453
BEARISH TARGETS
2400 - DONE
2379 - DONE
EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE
SWING RANGE
2357 - 2334 - 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!
Mr Gold
GoldViewFX
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
A big move down on gold today from the rejection at 2429. Yesterday we stated we
were looking for ema5 to break either 2429 or 2413 level to open the next range.
Today we got the break below 2413 opening the full retracement range like we said and this played out perfectly hitting the retracement range.
We now also have a cross and lock below the retracement range opening the swing range. We are seeing the first level of the swing range tested now and expect support bounces here.
We took buys earlier before the break below and took an SL after a long a time and now will use the dips to manage back.
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
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458
BEARISH TARGETS
2413 - DONE
2401 - DONE
2390 - DONE
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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