GOLD - only single area, what's next??#GOLD.. .perfect move as per our prediction.
And now market have one n single resistance area that is 2635
Keep close that area and stay sharp.
If market holds 2635 in that case you can see a drop below and one thing is keep mind that 2635 above we have cut n reverse stop.
Stay sharp.
Good luck
Trade wisely
Goldprediction
GOLD 4H Chart Analysis – SELL Signal in Play
Hello Traders,
A fresh SELL signal was triggered at 2627.96, pointing towards potential downside.
- TP Zone: The target ranges from 2614.60 to 2604, offering a possible gain of 130 to 240 pips.
- Market Structure: Price action suggests continued bearish momentum as we approach the TP zone.
Keep an eye on the market and manage your risk accordingly. Always incorporate this idea into your broader trading plan.
Stay sharp and trade smart!
Gold short-term operation strategyThe four-hour lifeline, the hourly double-line upper track, the acceleration starting point, the top and bottom conversion position, and the position along the channel line are superimposed at 2584-2590, which is used as a support area for sweeping. The price squats and steps back to determine the support, or look at the upward movement
The Asian session breaks the high, the European session breaks the low, and the sprint action needs to be handed over to the US session
Pay attention to 2612-2610 in the European session, pay attention to 2622 upwards, and then look at 2630-2632
GOLD SWING SHORT SETUP Gold has seen a strong bullish trend, with a 27% gain year-to-date, largely driven by political and economic dynamics. However, chart analysis suggests the upward momentum may be overextended, indicating the likelihood of imminent institutional profit-taking. In comparison to other assets, Friday's price surge appears more characteristic of stop-loss hunting than a genuine continuation of the rally.
Do not over risk
SL and TP are marked
Do you analyse before taking this trade
9.23 Gold Short-term Operation Analysis StrategyGold's daily and weekly lines are both up, setting new highs. Gold once again stood firmly on the 2600 line. The daily and weekly lines closed directly with big positive lines, with basically no leads. Judging from the current trend, gold will continue to rise in the long run, and the technical forms are undoubtedly strong. There are currently a lot of short-term supports below, 2610-2600 in the short term, and the upper short-term suppression is at 2635. No one can predict where the final high point will be.
As gold repeatedly breaks through new highs and madly refreshes historical highs, new highs also hide the risk of falling back.
Intraday operation strategy:
Short at 2635, defend at 2641, target 2620-2600
Buy at 2605, defend at 2600, target 2620-2630
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are in a new rage but just like last time we were able to generate accurate levels to use for the coming week.
We are seeing price between two weighted levels. We have 2631 Goldturn resistance and 2618, as Goldturn support.
We currently have a gap above on market open at 2631 and below at 2618 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
2631
EMA5 CROSS AND LOCK ABOVE 2631 WILL OPEN THE FOLLOWING BULLISH TARGET
2644
POTENTIALLY 2658
BEARISH TARGETS
2618
EMA5 CROSS AND LOCK BELOW 2618 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2603 - 2588
EMA5 CROSS AND LOCK BELOW 2558 WILL OPEN THE SWING RANGE
SWING RANGE
2575 - 2558
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 UPDATEHey Everyone,
Please see update on the 4H chart we traded last week. This weeks chart is still a continuation from last weeks chart as the chart is still in play and playing out perfectly, as we analysed. We only updated the retracement and swing range to accommodate the new range.
Last weeks range played out level to level like we analysed finished off with the last cross and lock above 2590 opening 2608 and 2626, which was completed perfectly finishing off the week at the last target.
We are seeing price between two weighted levels. We have 2626 Goldturn resistance and we have 2608, as Goldturn support.
We currently have a gap open above at 2626 and below at 2608 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
2626
EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET
2645
POTENTIALLY 2664
EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
POTENTIALLY 2699
BEARISH TARGETS
2608
EMA5 CROSS AND LOCK BELOW 2608 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2590 - 2564
EMA5 CROSS AND LOCK BELOW 2564 WILL OPEN THE SWING RANGE
SWING RANGE
2545 - 2517
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
DAILY CHART MID/LONG TERM CHART UPDATEHey Everyone,
Please see update on our daily chart structure that we have been tracking and trading successfully for a while now.
Previously the candle body close above 2521 opened 2566, which was hit perfectly. We then hade a candle body close above 2566 leaving a long term gap to 2608 and we also stated that if we get a ema5 lock then this will further strengthen the gap.
Usually the higher timeframes may not have room for ema5 lock so a candle body close is also suffice. On this occasion last week we got both the body close and ema5 lock and then our target was complete perfectly allowing us plenty of time to get in for the action after confirmation.
We now have a candle body close above 2608 leaving a longer range/term target open at 2650 and, as usual ema5 cross and lock will further confirm this.
We have to also keep in mind that we have a support range between 2566 - 2521 for longer range support areas to buy strategic dips, should the corrections take place before completing gaps above.
We will use 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 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 CHART UPDATEHey Everyone,
Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months and now finally complete.
After completing all the previous targets and highlighted correctional areas from detachments, last week we stated that we now have a candle body close above 2557 leaving a long term Axis gap target to 2603, which we had shared on this chart number of weeks back.
We also stated that the new weekly candle will have a detachment below for a correction, which will show up when market opens.
- This played out perfectly, we got the drop into the correctional area highlighted with the circle on the chart and then the bounce giving our target at 2603 axis a Perfect finish - BOOOOM!!!
This weekly chart idea is now complete after tracking and trading this for several months. We will now update a new weekly chart plan and idea next week for the months ahead.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Need to be careful 21.09.2024Gold previous week really crazy do ATH
So, I just flash back in the DEC 2023 that do WT_ ? ATH
Many ppl will focus to sell at 2629, 2645-50 and that maybe it's a market trap.
To survival and safe u port. let's it pass and do some confirm down trend to Sell
Good luck, guys.
9.20 Gold Short-term Operation StrategyAfter the price easily broke through 2600 today, it is difficult to move very strongly and will continue to run in a pattern with a fluctuating component.
Following the principle of bullish trend, even if you want to make a second bullish operation at night, you need to rely on the intraday high of yesterday and the low point of the hourly big positive line of 2595 as support, and the upper resistance is around 2618/2623
XAUUSD: As long as it doesn’t break 2600, boldly sellYesterday's gold market was really frightening. First, the Federal Reserve announced an interest rate of 50 basis points, which was higher than market expectations. The price of gold rose from 2567 to 2600, setting a new historical high again. Then Powell's speech showed hesitation and uncertainty, and pointed out that the Fed was not in a hurry to cut interest rates. It would proceed at a suitable pace or slow during the interest rate cut cycle. This dovish speech led to a decline in investors' attractiveness to gold. The gold price plummeted from 2600 by $50 and stabilized the decline in the 2550-2560 range.
However, since the 50 basis point interest rate cut is already on the table, the Federal Reserve has launched a monetary easing policy and the first rate cut is larger than before. This makes the market believe that there may be another 50-100 basis point interest rate cut before the end of this year. Therefore, gold is now back again The high area of 2590.
Although there is still the possibility of interest rate cuts before the end of the year, I think that is a long-term problem, and for us who are short-term traders, it is not the focus of attention.
From the market point of view, after yesterday's sharp decline that started at 2600, the shape of gold has changed, and it is in line with the short-term peak signal.
Therefore, my view on the current gold is that it is bearish in the short term and bullish in the long term.
Trading strategy:
Now the gold price has reached the high range of 2600-2590. As long as it does not set a new high again, you can boldly sell here
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.
Trading Signals September 20Fundamental Analysis
Bullish gold extended gains after recording losses on Wednesday following the Fed decision. Officials sided with the larger of the two cuts expected by Wall Street, justifying their decision by pointing to inflation progressing steadily toward the Fed’s 2% target. Fed Chairman Jerome Powell stressed that the Fed could maintain labor strength by adjusting policy.
Meanwhile, US employment data is in focus after Powell’s speech at Jackson Hole, in which he shifted focus to achieving the maximum employment mandate. On Thursday, the US Department of Labor revealed that the number of people filing for unemployment benefits was lower than expected, indicating strength in the labor market.
Meanwhile, US Treasury yields followed in Gold’s footsteps, with the benchmark 10-year Treasury yielding 3.74%, up three and a half basis points. However, this did not support the greenback, according to the US Dollar Index (DXY), which fell 0.31% to 100.62.
Technical Analysis
The price zone to watch in today's European session is 2610 new ATH peak. If the price fails to break this zone in the middle of the European session, Gold can be sold to the breakout zone when the European session is 2600-2595. When the US session fails to break the 2595 zone, BUY again and continue to hold long-term combined with the old BUY signals in the 254x 247x zone of the previous days, we have a long-term BUY signal up to 27xx
Trading signal
Breakout upper boundary: 2593 - 2600 -2605 - 2615
Upper resistance: 2593 - 2600 -2605 - 2615
Breakout lower boundary: 2580 - 2572 - 2565 - 2557 - 2550
Support: 2580 - 2572 - 2565 - 2557 - 2550
SELL 2613 - 2615. Stoploss 2619
BUY 2580 - 2578. Stoploss 2574
BUY 2567 - 2565. Stoploss 2561
9.20 gold short-term operation technical analysis Gold reversed in a deep V yesterday. Gold fell back to support and then rose again. It seems that gold bulls still have the momentum to continue to rise for the time being. Go long first when gold falls back in the early trading.
Gold's 30-minute moving average entered the golden cross pattern. Gold rose after falling yesterday. Gold bulls once again accumulated momentum to rise. It is still expected to continue to challenge new highs. Gold fell to 2569 last night and then rose directly.
Gold is currently high. After the Fed's interest rate decision, it adjusted deeply. Gold rose again. After the adjustment, gold fell back to support and continued to rise. There was no further decline, indicating that it is still in the stage of bull accumulation. Gold is expected to continue to rise; after breaking through the new high, it will accelerate.
Today's operation strategy
2595 short stop loss 2600. Target 2580-2570
2572 long, stop loss 2562, target 2590-2600;
What's Next For Gold?Thursday's Daily candle formed an inside bar, there are a lot of long positions being held by buyers at the lows of yesterday's candle.
I expect price to rally above yesterday's high to allow buyers to take profit and then dump into yesterday's lows .
Price points are on the chart as well as directional bias.
We are preparing GOLD. Team, we will wait for another 5 minutes to confirm the trade if it drops low toward 2585.30
Once the short is taking place, please stop loss at 2592.92
If the market pulls back toward 2588-2590, we will have another short, but our stop loss will be at 2595.63
Target 1 at 2580.49
Target 2 at 2576.10
NOTE: if you do a small volume, you can stop loss in the safe zone.
GOLD - one n single area, what's next??#GOLD.. market exact closed at his one of the most important area of the day 2586
That is our key level in today and if market stay below that level then drop expected towards our supporting areas.
And upside above 2595 selling will be invalidate.
Good luck
Trade wisely
Gold On mid termsGold has reached all its bullish targets, especially after the publication of the latest U.S. interest rates. It should continue its ascent, but not before a correction that is clearly visible on the bullish channel. Therefore, it's important to monitor the descent at the 2305 level and then consider buying in case of a bullish confirmation.
U.S. Dollar Index (DXY)U.S. Dollar Index (DXY)
DXY is sitting at an important KL (Key Level) at around 100.600 . On a bigger timeframe we are still bullish on dollar.
Several factors support Dollar strength:
The Dollar is expected to maintain its strength for some time.
Still, some risks could lead to further appreciation, including Euro area concerns, changes in Chinese currency policy, and how markets interpret US growth prospects.
Interest rates:
With yesterday’s interest rate decisions (50BPS) we saw DXY spike down . We do have to keep in mind if interest rate cuts continue, we might turn bearish on DXY, resulting in less demand in U.S. Dollar and more demand in stocks and gold .
If however, we continue to the upside with DXY, it will confirm our XAUUSD sells that we have given the analysis for.
Keep in mind:
The aim of raising of the Fed's rates is to adjust the inflation level to a target value. Interest rate hike may have a positive effect on dollar quotes, while lowering can be seen as negative for the US dollar.
Happy trading!
FxPocket