GOLD - where is support? Holds or not??#GOLD.. market just near to his major support of the week, that is 2696-98
Keep close that support and keep in mind if market hold it in that case you can see again bounce from here and below that cut n reverse can be a good option after on confirmation.
Good luck
Trade wisely
Goldprediction
GOLD - where is next support ? What's next??#GOLD.. market just trade above his weekly high that is 2722-24
And that is market most important area because in last couple of months market never closed below his perveiously week low and now breakage of that area can be important.
So keep close because if market break 27222-24 then next area will be 2696 97 as target area.
Good luck
Trade wisely
11.5 Gold adjustment is still continuing!1: For gold price, 2730 is support in the short term! 2730 is just a rebound, not a reversal. The pressure is concentrated in the range of 2745-50. The sideways trading at the bottom is not a bottoming out, but a new adjustment is brewing.
2: The reason is that gold has fallen from the high of 2790 US dollars. After breaking through the support of 2770 US dollars, the high point position has continued to break down. Even if the non-agricultural data is positive in the middle, it did not drive gold to continue to rise. It just rebounded to above 2760 to complete the top and bottom conversion (previously 2760-70 was a strong support, and strong pressure was formed after breaking).
3: From the $60 plunge in gold last Friday to the non-agricultural data, which did not rise, it shows that the selling pressure from above is large, the buyer's power is weakened, and the gold price can no longer be sent to a higher position. Moreover, the rise from 2605 to 2790 is a full $185. The technical side also needs to be corrected, and the profit-taking urgently needs to close the position and leave the market, so it is not blindly optimistic to chase more!
The 1-hour structure clearly indicates that the highs have been moving down from 2790/2760/2748, while the lows of 2770/2734/2725 have been lost. This is a typical adjustment market pattern. There is no need to guess where the bottom is. Just keep an eye on whether the last high point has been lost.
Gold Analysis==>>Falling ContinuesGold ( OANDA:XAUUSD ) has already started falling from the Resistance zone($2,751-$2,746) and the Resistance line ( in the 15-minute time frame ).
According to Elliott wave theory , Gold seems to have completed main wave 4 , which has a structure of the Double Three Correction(WXY) .
I expect Gold to fall to at least the Support zone($2,734-$2,731) , and if the Support zone breaks , we can confirm the end of main wave 4 , and most likely, Gold will fall to $2,721 .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold is consolidating in a narrow range, and the market is waiti
Gold prices retreated slightly in the early trading, reaching a low of around $2724-25, but quickly recovered the lost ground.
Voting for the general election has begun, and the preliminary results are expected to be announced at noon tomorrow. Taking previous elections as an example, the official results may take several days or longer, which is expected to further exacerbate market volatility. Therefore, no matter how you operate, you need to strictly stop losses.
After the morning decline, in principle, you need to go short once in the afternoon, and the position of the short should not be too high.
The pattern of the early trading belongs to the support sideways weakening break. From the perspective of the market, the continuous low point test has been touched many times. The more tests are made, the less meaningful the support is, and the greater the probability of breaking.
Under the general election, light positions are arranged. The high point of 2737 in the afternoon is the boundary between strength and weakness. If it breaks again, the arranged 2735-36 short positions need to be adjusted.
Today, the retracement time is set to around 4 o'clock in the European session. Once it breaks through 2730 again, it is expected to test 2720-18, which happens to be the target position for short positions and also the position for long positions to consider layout!
For the past two days, we can only wait and see. Avoiding risk events is a safe strategy. What this market lacks the most is opportunities! Be patient and wait!
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our 1H chart idea already playing out.
We started the week with a gap above at 2751 and a gap below at 2733. We stated that we will see price lay between these two levels and a cross and lock on either levels will confirm the next range.
We got the bearish target at 2733 hit, which gave us the perfect bounce inline with our plans to buy dips. The full gap remains open and therefore we will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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 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
2751
EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET
2768
EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET
2782
EMA5 CROSS AND LOCK ABOVE 2782 WILL OPEN THE FOLLOWING BULLISH TARGET
2799
BEARISH TARGETS
2733 - DONE
EMA5 CROSS AND LOCK BELOW 2733 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2717
EMA5 CROSS AND LOCK BELOW 2717 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2705 - 2692
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
Clear Outlook for Gold Rebound: Bulls May Retest 2753At today’s opening, gold formed a long lower shadow, indicating that support remains intact. Currently, the MA5 is undergoing a shift from support to resistance, which, if successful, could signal a short-term bullish trend and a potential move higher.
I expect gold to approach the MA60, around 2745, followed by a pullback to retest the MA5 to confirm support, potentially reaching 2753. Thus, buy orders placed on Friday may see profits today.
However, as we approach the New York session, gold may encounter downward pressure. The daily chart shows a notable bearish divergence, suggesting a long-term trend shift. Barring a major bullish catalyst, this divergence may only resolve through further declines or consolidation. Iran’s possible retaliation could serve as a pivotal event.
Meanwhile, tomorrow’s U.S. election is expected to bolster the dollar, potentially adding pressure on gold. Today’s strategy favors buying, but attention should shift to selling opportunities tomorrow.
XAUUSD GoldXAUUSD ( Gold / U.S Dollar )
Completed " 12345 " Impulsive Waves, " A " Corrective Waves and making its " B " Corrective Wave in a Consolidation in Short Time Frame. Strong Bullish Divergence in RSI. Need to wait until it Breaks and Retest its Extreme Point of Interest ( POI ) and Complete its Order Block
11.4 Gold daily line support high position is not guaranteedIn terms of gold, the overall gold price fell last Friday. The highest price rose to 2762.08 on the day, and the lowest price fell to 2733.08, closing at 2734.94. Looking back at the details of the gold market performance last Friday, the price stopped rising in the short term after the opening of the morning session, and then maintained a state of fluctuating rise during the day. At the same time, during the US session, the price rose and fell with the help of data, and then the price continued to fall weakly, and finally ended in a big negative state on the daily line. Today, Monday morning, it opened directly with a gap down. From the low point, the 2731-2734 range is the long-short watershed position at the daily level. Pay attention to the downhill performance of this area in the future. Once it breaks down, the band is expected to be further under pressure in the future. At the same time, from the four-hour level, pay attention to the resistance of the 2755-2756 range for the time being, and wait for the subsequent price to step back and then go short. As long as the price does not temporarily break the high point of last Friday, it will be treated as short first. There are signs of correction in the short term in the one-hour chart. At the same time, the price is in the key support area of the daily chart, so we will wait for the price to fall back and then go short. Once the price breaks below the 2731-2734 area, it is expected to be under further pressure.
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
XAUUSD touched the support level of 2,734.00
General outlook
XAUUSD has been under selling pressure within the last couble of hour . The pair moved up to the support level of 2,734.00.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,735.
Set your stop loss at 2,727. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAU/EUR "Gold Euro" Market Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAU/EUR "Gold Euro" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
11.4 Where will the gold trend go?Last week, the gold market rose and fell. At the beginning of the week, the market opened at 2736.8, then fell back to give a weekly low of 2724.5, and then the market rose rapidly. On Thursday, the market gave a new historical high of 2790.2 for the second time, and then the market fell strongly. The weekly line finally closed at 2735, and the weekly line closed with a shooting star pattern with a very long upper shadow line. After such a pattern ended, the market had a signal of a decline this week. In terms of points, the long stop loss of 1996 and 2028 below is followed at 2600. Today, the short stop loss of 2752 is 2757. The lower target is 2730 and 2724. If it falls below, the support points of 2716 and 2705 are seen.
BUY: 2720 Target: 2740------50
SELL: 2755 Target: 2730------20
Is the bullish rally over?Gold continues to show upside potential, maintaining a bullish trend. It is currently supported around the 2731 level and may test resistance at 2758, followed by 2790. If it breaks through these levels, it could aim for a new all-time high around 2880. However, a drop below the 2731 support level would bring attention to the next support levels at 2708 and then a stronger support at 2685. Some indicators hint that a pullback might follow after testing these higher levels, signaling a possible shift toward bearish momentum.
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing a gap above at 2751 and a gap below at 2733. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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 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
2751
EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET
2768
EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET
2782
EMA5 CROSS AND LOCK ABOVE 2782 WILL OPEN THE FOLLOWING BULLISH TARGET
2799
BEARISH TARGETS
2733
EMA5 CROSS AND LOCK BELOW 2733 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2717
EMA5 CROSS AND LOCK BELOW 2717 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2705 - 2692
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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing a gap above at 2754 and a gap below at 2724, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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 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
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2724
EMA5 CROSS AND LOCK BELOW 2724 WILL OPEN THE FOLLOWING BEARISH TARGET
2696
EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE RETRACEMENT RANGE
2672
EMA5 CROSS AND LOCK BELOW 2672 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611
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
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 4 weeks.
Last week we stated that we had a candle body above 2729 leaving long range gap open to 2856 and Ema5 lock will further confirm this long range target.
- We got a nice push up, which we took using our smaller timeframes but the gap remains open and we are yet to see the ema5 lock to further confirm this.
We will also be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before, if tested at all.
As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, 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: Dual Impact of NFP and Geopolitical RisksGood morning, everyone!
Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight.
As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740.
Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand.
After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!
Gold after U.S. election : Since rising tensions have played a significant role in the recent increase in gold prices, let’s look at each U.S. presidential candidate’s approach to handling these tensions and their future plans.
Kamala Harris, representing the Democratic Party, is focused on diplomatic efforts to reduce conflicts in the Middle East. She generally follows the Biden administration's approach, aiming to ease hostilities through aid and international agreements, including a two-state solution for Israel and Palestine. This approach may help stabilize markets by reducing the volatility tied to prolonged conflicts.
Donald Trump, the Republican candidate, takes a more aggressive stance. He supports a strong alliance with Israel, endorses military responses to threats from Iran and its regional affiliates, and prioritizes U.S. strength and independence. Trump's “America First” stance could lead to continued or heightened tensions, which historically correlates with higher gold prices due to investor flight to safe-haven assets.
In summary:
Kamala Harris: Diplomatic de-escalation, which may stabilize gold prices.
Donald Trump: Military strength and strong alliances, likely to keep prices high in case of increased tension.
These policy differences could significantly impact markets depending on which candidate wins.
Please support us by liking and leaving comments!
Gold's Local Minimum: A Magnet for Price Action?So, the trading week is behind us, and it’s time to kick back a bit, assess the price action, and build a trading plan for the upcoming week, keeping the main drivers in mind. Today, let’s focus on Gold.
Looking at the COT reports: there’s a divergence between the positions of the Commercials and the movement of the underlying asset.
What does that mean? It suggests that hedgers don’t see the need to increase their hedge positions (in the case of Gold, that means short positions). The interpretation here is that there’s a high probability of a correction in the underlying asset.
Retail positions show an average aggregated long position around $2707 (according to open-source data). So, for now, the average positions are in the green, which means the bulls are feeling good, but that’s not all... Remember that level $2707; we’ll come back to it later.
The options sentiment is mixed, with some repositioning in portfolios targeting both up and down, but with a slight bias. The specifics of these adjustments tell me that a correction is expected, but overall, the options traders still see the trend moving upward.
Now, let’s take a look at the chart and summarize.
Remember that level $2707 I mentioned earlier? Let’s find it on the chart. Oops... turns out that’s a local minimum. So, here’s the deal: there’s a level with liquidity (open positions + local minimum), in other words, we have a "magnet" that will definitely attract the prices.
Personally, I stick to a trading strategy of not trading against the trend, even if a correction is confirmed by my analysis. But for some, that potential downside might look appealing enough to open a short position.
Good Luck and Have a Nice Weekend!