GOLD TRADING POINT UPDADE > READ THE CAPTAINBuddy'S dear friend 👋
Gold trading analysis map 🗾 update Gold already breakout bullish trend. 2721 -2605 Sellers closed trade. gold recover quickly ✔️ 2658 rejected again test diamond zone 2621 again recover quickly ✔️ Bullish trend 📈. Gold ready for short trade 😀 closed below 👇 Trend 📉 2605 - 2548 don't forget back up trand 😱 if blackout 2648 Next target 2680 ?!!!
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Goldideas
GOLD TECHNIAL UPDATE >GO :? AND READ THE : CAPTAINBuddy's dear friend 👋
Gold trading signals technical analysis setup I think 🧐 Gold ready for Down trand 😜 4 H Time Frame 🖼️ looks good Short Trade first Zone buddys 2774 Next Short Trade 2700
Why wait should be good choice for short Trade 😄. Technical analysis setup now stall Sell trend 📈. Follow risk management
Technical analysis setup look for short trade entry 2673 target 🎯 2540 OANDA:XAUUSD
Technical analysis setup look for short trade entry 2704 target 🎯 25 80 2540
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GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months.
Last week we got the correction just above the channel top near 2467 Goldturn support, which followed with a nice push up like we said. We also stated that we had a candle body close above 2505 leaving a long term/range gap open to 2557.
- This week we have the same again with a candle body close above 2505 again leaving a gap to 2557. However, keep in mind we also have a ema5 detachment below highlighted on the chart with a circle for a possible correction area.
Either way we are looking for the channel top to provide support for the bounce. All channels that break usually require the channel top to become support outside the channel for further continuations before new channels form.
Failure to provide support outside of the channel, means price breaks back into the channel, in which case the channel re-activates for trading and tracking level to level once again
Therefore, if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
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 last month candle opened in a central range with room above and below for the updated detachment to complete, which we highlighted circles and also room above to re-test the new open range.
The detachment with the circle still remains and is always a reminder for us to manage our exposure to market while chasing the Bull long term, as one brutal correction at anytime can shock any setups. Tis chart keeps us grounded to always respect our exposure enough to be able to manage long term swings and use them to our advantage to buy dips.
Last monthly candle left a nice body close above 2360, leaving a long range gap open to 2421.
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. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Short again in HLAfter the rise of gold and the fall below the trend line that we expected to fall, we can enter sell positions again and place the Stop loss at the bottom of the chart at the 2270
So, this analysis is a continuation and confirmation of the previous analysis so that we can have more reliable sales with the updated idea.
GOLD-Wait patiently
Awaiting today's key U.S. inflation data PCE, this data may provide more clues to the Federal Reserve's policy path and deserves everyone's attention. The U.S. market will also see changes in the number of initial jobless claims in the week of March 23, the final value of U.S. fourth-quarter GDP, and the final value of the University of Michigan Consumer Confidence Index in March, which may have a greater impact on the current market.
Both the daily cycle and the H4 cycle have a head-and-shoulders top pattern. The right shoulder is as high as 2200. Therefore, as long as gold does not break the high of 2200 in the near future, the head-and-shoulders top pattern will still hold. However, it may also appear during an upward trend. Second and third tests, if it breaks through 2200, it will change the pattern and may continue to rise again.
Today it is recommended to wait for the US market data to be released before following the trend and trading.
Now it is more important to be patient and wait
Join me and I will share my ideas in a timely manner to make your trading more successful
Gold operation strategy for next Monday
Gold rose sharply on Friday without any retracement at all. Gold also broke through the previous high in 4 hours. Now gold is continuing to go long. Gold’s previous high of 2065 is also a direct Yang breakthrough. Gold will step back to 2065 next week and continue to go long. Gold's daily line has a big positive line. It is difficult for gold to fall sharply next week unless it is particularly negative. Of course, if the market opens high next week and rushes higher quickly, then don't chase long directly, but wait for the decline to stabilize before entering.
Operation ideas for next week:
gold:
BUY2065-2060 SL2043, TP2090-2095;
If you like my ideas please follow me and join me, I will update my ideas in time
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Gold Buy / Sell ?Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves. Bearish Channel as an Corrective Pattern in Short Time Frame. It has completed the Break of Structure and Retracement. 2036 - 2042 is Acting as a Strong Resistance in Short Time Frame , Possible Entry After Rejection or Breakout
XAUUSD - Gold rebounded due to the Fund, is it possible to sell?On the night of November 20, today's spot gold price on the world market stood around 1,973 USD/ounce. Gold delivered in December on the Comex New York floor was at 1982 USD/ounce.
The world gold price on the night of November 20 was about 8.2% higher (149 USD/ounce) compared to the beginning of 2023.
World gold tends to continue last week's increase after inflation in the US cooled down. It is likely that the US Federal Reserve (Fed) will soon reverse monetary policy and reduce interest rates.
This week, the Fed will release the minutes of its monetary policy meeting. Market signals show that the Fed will almost certainly keep interest rates unchanged at its December policy meeting and will likely maintain it at 5.25% - 5.5% until June next year.
The USD on the world market decreased quite quickly. The DXY index - measuring the fluctuations of the greenback against a basket of 6 major currencies, dropped sharply from 104.1 points at the end of last week to 103.6 points at the beginning of the trading session on November 20 on the US market.
GOLD - Gold trading strategyMany experts predict that the US economy may fall into recession this year due to the rapid pace of interest rate increases. However, the world's largest economy is surprisingly strong.
In its statement, the Fed emphasized that the US economy was still growing strongly in the third quarter, the unemployment rate was low and the banking system was resilient. This has strengthened the possibility that the US will achieve a "soft landing" as the Fed is curbing inflation without harming the economy.
Although the Fed left interest rates unchanged after its monetary policy meeting, Fed Chairman Jerome Powell said it was unclear whether the committee was done raising rates. The world's most powerful central bank president also added that the committee remains focused on bringing inflation down to its 2% target.
Some experts assess that although the Fed maintains its tightening trend, that stance is not "hawkish" enough to worry the gold market as prices keep high levels below 2,000 USD/ounce.
Although the Fed is still pursuing a "hawkish" policy, it is not enough to spook the market, said Edward Moya, senior market analyst at OANDA.
This expert further noted that concerns related to the Israel-Hamas conflict may have more impact on gold than the Fed's monetary policies.
GOLD Analysis 9Sep2023
If you see the movement of gold, there is no sign of bullish, the price increases is still possible because of the correction from the bearish and next week it is still most likely the price will continue the trend bearish. I look for a strong support area and the area is also accompanying with Fibo Retracement at the level of 0.236
Previous analysis I shared on the Hokusai Channel.
This analysis continued what I shared on my channel, you can see my channel and follow it for free.
Gold (XAUUSD), to Short to 1935 Before a upside surge to 1954Gold has been a bullish movement since it broke the 1900/1904 support level on 23rd August.
Yesterday, it managed to overcome the EMA-200 on the 4HR Time frame upside to the 1948.98 price which was rejected by a daily bearish trendline and also the upper trendline of the recent ascending channel.
Price will continue to short by price action to the next significant support (1935) before a possible momentum build up to the 1963.
If the 1935 fails to support the bears, the price could fall further to 1925.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GoldViewFX - 4H Chart updated LEVELS and TARGETS.Hey Everyone,
Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channels.
Price finished off last week breaking out of the Descending Goldturn channel and now into the Ascending Goldturn channel (Our unique way of drawing channels).
The switchover has been measured level to level with the Goldturns providing the support, rejection and breakouts inline with the channel levels and half-lines to ride this wave.
Price is now bouncing between 1948 Goldturn and 1963 Goldturn. If 1948 also inline with the half-line continues to support the price we are likely to see a 1963 test.
A cross and lock above 1963 will open a test to the channel top. If 1948 breaks below we are likely to see the full retracement into the channel bottom to look for stronger support. A break and lock below the retracement range will open the swing range. Failure to lock below the retracement range will follow with a continuation above.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels.
Our long term projection still remains Bullish.
BULLISH TARGETS
1963
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976
AND POTENTIAL 1993 AT A PUSH.
BEARISH TARGETS
1948
1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1917
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