10.1 Analysis of gold short-term technical operations1. The daily line has adjusted for two days and just stepped back on the 10-day moving average. According to the bulls, this is a typical correction. The biggest step back in the strong trend is 10 days. Whether it can go up today is very critical.
2. The usual high-rise and fall in the morning, the European market is weak. For the continuous market, the European market is weak and the US market is difficult to increase.
3. Yesterday, the US market retreated twice, and the European market broke the bottom, and the US market was weak after the bottom.
It cannot continue the retracement. 2623 is the retracement of the rise to 382, which is very critical. It breaks the bottom and affects the bulls.
In addition, the daily line is weak, so the rise is affected.
And today, it is above the turning point of long and short.
The watershed in the morning is 2640. It is not considered whether the European market will go through a cyclic retracement for the time being.
Goldprediction
Gold's short-term downturn has passed, go long at 30Gold is long near 2630.
Gold has gone out of the turning point, the decline is over, and it is about to start rising. Go long in the short term today, seize this opportunity to get a big wave.
Gold fell back to the moving average and closed with a hammer line, and the turning point signal is obvious. Go long near 2630. If we look at the moving average, it also meets the bullish trend, because every time the gold price falls back to the moving average, there will be a rebound. Can it rebound and break the historical high? Let's not consider it for now, grab the long orders near 2630, and let the market give us the rise we want.
Trading strategy:
Gold is long at 2630, stop loss at 2620, target 2650-------2655
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
I wanted to start the week with an update on our weekly chart idea shared yesterday. We stated and highlighted the detachment below for the correction and we also advised that we were looking for are-test on the channel top.
We are looking for support above the channel top for a bounce and continuation. However, as stated yesterday; If we get a break inside the channel then we will track the movement with the levels highlighted within the channel and our smaller timeframe chart ideas to track the movement down and catch the bounces up.
If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET.
The overall structure still remains Bullish, we just need to manage swings inline with corrections, which are always likely after a strong bull run..
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD - at immediate support? holds or not??#GOLD... perfect moved as per our analysis, and now market have one of the most important and immediate supporting area that is 2634 around.
keep close that level because if market hold it then in that case you can expect again bounce form here otherwise not.
don't be lazy here.
good luck
trade wisely
9.30 If the short-term gold high is not broken, it will be a corTechnically, the 2670 level has become an important resistance level, which has not been broken through many times. The Bollinger Bands have begun to close. From all angles, gold will not rise in the short term.
With such a big thing happening in the Middle East, gold should have started a wave of $50 rise, but it didn't. That must be because gold digested the news in advance. If there is no positive news, gold will turn to a sharp drop.
Intraday operation:
SEII: 2665 Stop loss: 2672
BUY: 2645 Stop loss: 2640
XAU/USD Sell to Buy idea (potential pullback?)I’m watching for a potential sell around the 2-hour supply zone. Specifically, I'll be looking for the Asian session high to be taken out, followed by a Wyckoff distribution on the lower time frames. Since this setup is counter-trend, I expect it to mark a possible reversal point for gold, as the Wyckoff pattern has already played out on the higher time frames and the market structure has shifted to the downside.
If price continues to drop, I’ll shift my focus to potential buy opportunities around the 2,630 level. Once price enters this zone and shows signs of accumulation, I’ll look to trade with the overall bullish trend, as I remain optimistic on gold’s long-term upside.
Confluences for Gold Sells:
- A Wyckoff distribution has occurred on the higher time frames.
- The market structure has shifted downward (price changed character).
- Price is nearing the 2-hour supply zone, which could trigger a reversal.
- Despite gold’s bullish trend, bullish momentum seems to be weakening.
- If a full reversal doesn’t occur, a pullback is still likely before price continues upward.
Note: If price breaks above this supply zone and makes a new all-time high (ATH), I’ll look for a nearby demand zone to catch buys before price mitigates the 8-hour or 10-hour demand below.
Gold, is rally over?Gold Market Analysis:
Gold has been in a strong rally since the beginning of the year, with only one minor negative month interrupting an otherwise consistent upward trend. Over the past year, the rally has been quite aggressive, but given the current market conditions, I would refrain from considering long-term positions at this point. Instead, short-term scalping or intraday trades seem to offer better opportunities for this instrument.
Technical Outlook:
From a technical perspective, XAU/USD appears to be in a range-bound market. Recently, we’ve seen a deviation from the bottom of this range, and the price has moved into a 1-hour Fair Value Gap (FVG). If there’s no significant reaction within this area, the next target will likely be the 4-hour Order Block (OB).
At that point, it will be crucial to monitor the market’s reaction. If the price breaks above the 4-hour OB, we could see gold rally towards the top of the range. However, I’d be anticipating a potential reversal at that level if the price is rejected by the OB. Should the price dip below the 2652 level, the market could experience a continued downward trajectory, signaling a deeper correction.
GOLD DAILY CHART SHORT/MID TERM ROUTE MAP Hey Everyone,
Please see our updated daily chart idea with updated retracement, swing range and Goldturn levels.
We are seeing price between two weighted levels. We have 2690 Goldturn resistance and 2645, as Goldturn support.
We currently have a gap above at 2690, as we had ema5 cross and lock above 2645 opening 2690. The daily chart averages are lagging so sometimes gaps get filled before ema5 confirmation, in which case candle body close gaps are suffice. This gap has ema5 cross and lock leaving 2690 gap open before the rejection to find support at 2645 Goldturn for the bounce.
Please note a break below 2645 will also open the lower range, which we can use to track the movement down and catch the bounces up.
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.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
After tracking and trading our last long term weekly chart idea, we finally completed it and promised you all a new weekly chart long term chart idea.
Please see our new week chart idea that we will be tracking and trading over the coming weeks and months if needed.
We are currently seeing a breakout outside the new Goldturn channel (our unique way of drawing channels). We also have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. If we get a break inside the channel then we will track the movement with the levels highlighted for the bounces and ema5 cross and lock to track the movement level to level.
If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET.
Just to confirm 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
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.
GBPUSD analysis week 40Fundamental Analysis
According to CME Group’s FedWatch Tool, the market is currently pricing in a more than 75% chance of the Federal Reserve cutting interest rates by another 50 basis points in November. In addition, weaker US macroeconomic data on Tuesday, coupled with the prevailing risk-on environment, further undermined the safe-haven dollar and confirmed the positive near-term outlook for GBP/USD.
Going forward, there is no market-relevant economic data due out of the UK on Wednesday. However, a scheduled speech by BoE MPC Member Megan Greene could influence GBP and provide some impetus to the GBP/USD pair. Later in the early North American session, US New Home Sales data could contribute to short-term trading opportunities.
Technical Analysis
GBPUSD’s trading range has remained largely unchanged over the past week. With little technical movement we still see the pair in a solid range of 1.323 and 2.349. In the short term we can see that the immediate support zone has been raised after the price reacted strongly at 1.331 and the resistance level forming a triple top around 1.342 has been established. The GBPUSD direction could continue the correction early next week and reach the yearly record around 1.350 in the near term.
Trading signals
SELL GBPUSD zone 1.349-1.351 Stoploss 1.353
BUY GBPUSD zone 1.323-1.321 Stoploss 1.319
Gold closes higher and may fall back to peakThe gold hourly line has obviously reached the top. The K line rushed to around 2685, and then the big Yin line directly covered it and crushed it directly. It once fell by 30 US dollars. The top was obviously bearish engulfing. The moving average was directly bent and turned downward. Of course, the gold price deviated far from the moving average, and it was bound to return to the 50-day moving average. Detailed operations during the day: SELL: 2650------2645
GOLD - one n single area , holds or not??#GOLD. Market perfectly moved in yesterday as per our analysis.
And now market have one n single area that is 2676 77
Keep close that area because Eid market hold it then in that case you can see a drop from here otherwise CUT N REVERSE keep in hand.
Good luck
Trade wisely
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.
GOLD - Look only for long position !! Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a strong bullish market structure, so I look only for a long. My point of interest is price to fill the imbalance lower and to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
GOLD 4H ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts with our analysis playing out.
Yesterday Ema5 cross and lock above 2626 opened 2645 and 2664, which were completed perfectly!! We were then looking for a cross and lock above 2664 to open 2682 and if momentum allowed then 2699.
2682 was hit but volatile candle didn't give us enough time for the lock. However, the candle body close gave us enough time for the confirmation before the hit completing the target. The extended target to 2699 remains open that's why we call it the potential target when completing a range for the final trail stretch.
We are now seeing wick rejection at 2682 back down to 2664. If EMA5 fails to cross below 2664 and this level holds, as support, then we are likely to see another 2682 retest and our final stretch at 2699.
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
2626 - DONE
EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET
2645 - DONE
POTENTIALLY 2664 - DONE
EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET
2682 - DONE
POTENTIALLY 2699
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 bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up.
The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish.
Resistance level: 2683 2690. Break to see 2700
Rate Cut Expectations Boost Gold TO 2700$ NEW ATHHELLO TRADERS!
As I can see market participants now see a nearly 50% chance of a 50-basis-point rate cut, up from 14% earlier in the week. Comments from former Fed officials and the market’s appetite for deeper cuts have intensified speculation that the Fed may take more aggressive action. This has fueled gold’s rally, with lower rates generally increasing the appeal of non-yielding assets like gold.
U.S. Dollar and Bond Yields Support Gold’s Rise
Despite the rally in gold, the U.S. Dollar Index gained slightly this week, closing at 101.114 with a 0.07% increase. However, the expectation of future rate cuts tempered the dollar’s momentum, keeping gold prices strong. Additionally, bond yields fell, with the 10-year Treasury dropping 2.1 basis points. As bond yields decline, the opportunity cost of holding gold diminishes, bolstering its attractiveness as a safe-haven asset.
Global Monetary Easing and Central Bank Demand Drive Gold Higher
The European Central Bank (ECB) also cut interest rates this week, contributing to global monetary easing and reinforcing gold’s strong uptrend. Central banks, particularly in emerging markets, have been increasing their gold reserves, further supporting prices. With the Fed likely to follow suit, the demand for gold is expected to remain robust in the short term.
Next Week’s Forecast: Fed Meeting in Focus
Looking ahead, all eyes are on the Federal Reserve’s policy meeting scheduled for next Tuesday and Wednesday. The market widely expects a rate cut, marking the Fed’s first reduction since 2020. While the consensus is for a 25-basis-point cut, there remains a significant 49% chance of a larger 50-basis-point reduction. A larger cut would likely drive gold prices higher, potentially pushing them towards $2,600 per ounce.
Moreover, the Fed will provide updated projections on future rate cuts, which could signal further monetary easing through 2024. The Fed’s success in bringing inflation near its 2% target while avoiding a severe recession will be pivotal in determining its next moves. If inflation continues to moderate and the labor market weakens, additional cuts could be on the horizon, further supporting gold’s bullish outlook. technically chart is also crystal clear its just a trade idea
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