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GOLD MONTHLY LONG TERM RANGE ROUTE MAP ANALYSISMonthly Chart Gold (9th Feb 2024) Dear Traders, Attached is the updated Monthly Chart Roadmap for GOLD, showcasing our meticulous analysis and 100% target accuracy since October 2023. The Golden Circle areas on the chart emphasize our precise predictions and successful target achievements over the months. Previous Chart Highlights: * GOLD successfully hit TP1 (2286.35) and TP2 (2603.46), with the monthly candle closing above TP2. * EMA5 crossed and locked above the TP2 level at 2603.46, confirming strong upward momentum. * The EMA5 detachment process was successfully completed. * The Fair Value Gap (FVG) at 2790 provided robust support, facilitating a push toward higher levels. What’s Next for GOLD? This chart update includes revised entry levels, weighted target levels, and two critical GOLDTURN levels: 2742 and 2595. These levels act as strong support zones, where potential reversals may occur. If a reversal happens, prices are likely to retest any of these levels (marked in red) before bouncing back. Pay close attention to EMA5 near the Entry Level of 2742.55. If EMA5 crosses and locks above 2742.55, it will confirm bullish momentum and make the target of TP1 (2961) achievable with ease. Although short-term bearish movements may occur, the broader picture on the monthly chart suggests a long-term bullish trend. Temporary pullbacks strengthen the trend and provide excellent dip-buying opportunities near support levels, minimizing risk. Recommendations: For a detailed understanding of support structures and to identify ideal buying opportunities, refer to our smaller time frame analyses, including weekly, daily, 12H, 4H, and 1H charts. These provide actionable insights while aligning with the bigger picture of long-term bullish momentum. As always, we’re committed to keeping you informed with daily updates and insights. Don’t forget to show your support by liking, commenting, and sharing this post. Stay tuned for more updates on our Trading View channel. Trade Safe with Confidence! The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD 4H CHART ANAYLSIS / BULLISH OR BEARISH? READ CAPTION PLZ4H Gold Analysis – 7th Feb 2024 Dear Traders, Today's market movement aligns with our strategy of buying dips. Here's a summary of key insights: Previous Chart Review (5th Feb) * Target 1 (2850.15) ✅ – Successfully hit * Target 2 (2876.95) ✅ – Successfully hit * Target 3 (2903.76) – Pending Key Resistance Levels Activated: 2850, 2876 Goldturn Levels Hit: 2852, 2828 What is next for Gold? Bullish or Bearish? * Price Action Expectation: Movement between Goldturn levels with EMA5 confirmation for trend direction. * Strategy: Monitor EMA5 crosses for trade entries. Bearish Case * If EMA5 stays below 2850, expect a retest of Goldturn levels. * Scenario 1: Below 2823, likely drop to 2803. * Scenario 2: Below 2803, expect 2776. * Scenario 3: Below 2776, target 2747 (major demand zone). Bullish Case * Scenario 1: Above 2852, target 2876 ✅ DONE * Scenario 2: Above 2876, target 2903. * Scenario 3: Above 2903, target 2925.85. Trading Strategy Short-Term: Use 1H/4H timeframes for pullbacks at Goldturn levels. Target 30-40 pips per trade for optimized risk management. Long-Term: Maintain a bullish bias, viewing pullbacks as buying opportunities. Avoid chasing tops; buy dips from key levels for better trade positioning. Trade with confidence and discipline. Stay updated with our daily insights to stay ahead. Support us with likes, comments, boosts, and follows! 📉💰 The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP UDPATEDWeekly GOLD Analysis – Quantum Trading Mastery Hello Everyone, Here’s the latest update on the GOLD weekly chart we’ve been diligently tracking and trading. Below is a comprehensive breakdown of the current range and key levels we’ve identified. Recap of Last Week’s Analysis: Last week, our predictions aligned perfectly with market movements: * A strong resistance level at 2790 caused a short-term reversal near 2735. * The FVG acted as dynamic support at 2735, sustaining the bullish momentum. * The EMA5 crossed and locked above the key level at 2735, solidifying upward movement. * As predicted, the resistance was broken, leading to a new all-time high of 2817. Our analysis delivered precise predictions, allowing you to trade confidently and minimize risks. What’s Next for GOLD This Week? Key Level: 2735 Bullish Targets: * TP1: 2877 * TP2: 3018 * TP3: 3160 Bearish Targets: * 2735 * 2680 * 2595 This week, we have identified two critical GOLDTURN levels at 2735 and 2595. While we anticipate GOLD reaching TP1 at 2877, there may be short-term reversals around these key levels and GOLDTURN zones. Recommendations: To better understand the support structure and identify optimal dip-buying opportunities, review our smaller time-frame analyses (daily, 12H, 4H, and 1H). These insights will help you navigate the market with precision, keeping long-term gaps in perspective. We’ll continue to provide daily updates and insights to keep you informed. Thank you for your continued support! Don’t forget to like, comment, and share this post to help others benefit as well. The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD | XAUUSD Weekly Outlook Oct 21st: Keep BUYING!This weekly forecast is for Oct. 21 - 25th. Gold is still bullish, and BUYS are still the best bet. The formation of a +FVG will support higher prices, and we may get that on Monday's close. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
XAUUSD PENDING PULLBACK for another rally? (buys from 22000Currently, I'm not favoring gold due to its lack of healthy price action characterized by abrupt bullish momentum without significant pullbacks. This has resulted in the creation of numerous Asian lows and imbalances below that need to be filled. Consequently, I'll wait for price to retreat and potentially reach a demand zone to sustain its strongly bullish trend. If price consolidates and experiences a downward break, I anticipate the formation of a new supply zone, providing an opportunity to sell toward a demand zone. However, I'm keen to observe how price behaves throughout the week given gold's erratic movements. - Gold has been moving very bullish on the lower and higher time frames. - Lots of imbalances left below as well as multiple untaken Asia lows. - Price took ATH's and candle stick anatomy is strongly bullish. - Demand zones have been left around 22000 and below so potential rally from there. P.S. With NFP scheduled for this Friday, I'm keen to observe its impact as it could significantly influence gold's direction. There's a possibility of a decline, which could fill the imbalances below and reach a demand zone, but we'll have to wait and see. Have a great trading week guys!
OANDA:XAUUSDLong
by Hassan_fx
1
Gold 100% Buy Today Gold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the safe-haven precious metal. Apart from this, a modest uptick in the US Treasury bond yields turns out to be another factor undermining the commodity amid slightly overbought conditions on short-term charts.
OANDA:XAUUSD
by Forex_Master-
1
XAU/USD Aims to Cross $2,050 Hurdle with Easing US InflationGold price (#XAUUSD) has faced mixed sentiment and sluggish US dollar ahead of the US inflation data. Despite the challenges, the progress on the US debt ceiling negotiations and optimism surrounding Asia have underpinned the #XAUUSD run-up. Technical analysis suggests that the upper band of the Bollinger on the daily chart joins Pivot Point one-day R2 and the previous monthly high to cite the $2,050 level as an important upside hurdle for the #XAUUSD. The $2,025 support confluence including Fibonacci 23.6% on one month, Fibonacci 61.8% on one-day and the lower band of the Bollinger on the hourly chart is also a crucial level to watch. In terms of gold futures markets, traders added around 3.8K contracts to their open interest positions on Tuesday, adding to Monday’s build. Volume, in the same line, went up by around 20.8K contracts after two consecutive daily drops. The continuation of the weekly recovery in gold appears likely on the back of Tuesday’s advance amidst rising open interest and volume, with the yellow metal remaining focused on the 2023 peak near $2070 recorded earlier in the month. TRADE IDEA DETAILS CURRENCY PAIR: #XAUUSD CURRENT TREND: Uptrend (3-week) TRADE SIGNAL: ↗️Buy 👉ENTRY PRICE: $2,035 ✅TAKE PROFIT: $2,080 ❌STOP LOSS: $2,015 #GoldPriceForecast #TechnicalAnalysis #USInflation #GoldFutures #XAUUSD #USDebtCeiling #AsiaOptimism #Tradernotes #MarketUpdates
OANDA:XAUUSDLong
by RichDadph-FX
1