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GoldViewFX - 4H CHART MARKET UPDATEHey Everyone, We have updated the 4H chart with weighted Goldturns and TARGETS and a Goldturn trendline support to identify the potential swing. We have candle body close above 1843 opening 1862, as a target. Ema5 cross and lock will make this target stronger. Failure to cross this and a new Goldturn below this level will see price retrace back for the updated swing range. BULLISH TARGETS 1862 BEARISH TARGETS 1843 SWING RANGE 1826 As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
9
This could be XAUUSD 's golden year!2011 marked a huge accomplishment for Gold peaking at 1920. This peak was made possible fundamentally due to inflation brought on by the sub-prime 2008 crisis. After peaking around 1920 back in 2011, Gold resumed to drop for a consistent 2 year period until 2013. Between 2013-2019 Gold was trading within a triangle consolidation pattern that broke up June 2019. Between 2019 to today Gold is trading in a technical weekly up-trend with higher lows. On my previous bigger picture review of Gold when it was trading around 1800 back in 2020 - I've covered how Gold may continue to rally long-term with consistent new highs. Gold resumed to rally after my idea was published and peaked at around 2080 just a couple month later, August 2020. After peaking August 2020 - It resumed to trade down until November 2021, when for the first time we had a higher high on a weekly close. Since November 2021 a consistent up-trend is ongoing, which started from a double bottom forming around the breakout which is also the weekly support stretching since 2018 connecting lows. Most recently we have a weekly close above the previous high of 2011 (1920) and connecting highs stretching back a year to early 2021 , also at around 1920 - Together making up very bullish indications, which means a new all time high is targeted. If this week closes above 1945, expect an extremely strong start to the week for Gold , with 1960, 1980 and 2010 as immediate possible targets. Inflation , uncertainty , pandemic, war - All bullish factors supporting the bullish technicals reviewed on this weekly chart. Please like and subscribe if you like my point of view , thanks!
OANDA:XAUUSDLong
by Exactus
XAUUSD - KOG REPORT! (Weekly)In our last monthly chart update (linked below) we showed you the larger structure and the levels to look for. We mentioned that breaking above the 1835 will result in the price going to test the higher resistance levels and potentially the top of the trend. This level here is the last resistance level for bears to defend if this is to go anywhere below the 1835 level in the months ahead. So now lets look at the weekly chart to get a longer term view of potential movement on Gold in the coming weeks/months. We can see the potential triangle which has broken to the upside with an engulfing candle and out of the range we had been trading in for the last couple of months. What we need to keep an eye on here is the next weekly candle, do we get another bullish candle closing above the support regions which have been illustrated on the chart? We have plotted in the weekly zones which show what you need to look for, breaks and close above or below levels! If we to speak technically on this chart then we would be looking for a 25-50% retracement on last weeks bullish candle, if we only get 25% or less there is still enough volume in the markets to drive this higher. In any case, most scenarios of trend and level breaks entail some form of retest. So are levels below here are 1850 which is a psychological level and below that the 1830-35 price region which we have said on numerous occasions has been used to propel the price in either direction. Below is the monthly chart we have been using to keep us in the right direction coupled with Excalibur. Please have a look at our previous post on the simple trading strategy. You can apply the same concept to the Weekly chart and look for the break and close of candle above/below weekly support and resistance levels. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold