GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out, as analysed.
After hitting our first Bullish target, we stated yesterday that we had the lock above 2905 opening 2934. This gave a nice push up of over 200 pips but the gap remained open and still valid.
- This was hit today completing this target. Our next range is now open above at 2959 but as we enter into the ATH range, we need to take caution. We are seeing EMA5 break back into 2934 also opening 2905. Range is now big but structure is still very much Bullish and therefore we will continue with our plans to buy dips.
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
2905 - DONE
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934 - DONE
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2781 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
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
Goldtrading
XAUUSD: 3,400 could be the top of this Cycle.Gold is overbought both on its 1W (RSI = 75.261, MACD = 100.240, ADX = 43.694) and 1M (RSI = 79.749) technical outlooks and has entered the final (and perhaps most aggressive) phase of the latest bullish wave. With the 27 year pattern being a Channel Up we can calculate the next high to be within the 3.0 and 3.5 Fibonacci extension levels. Last time the price crossed over the R1 level, it peaked just under the 3.5 Fib. This gives a final target (TP = 3,400) close to the end of 2025.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
GOLD (XAUUSD): Breakout Soon?!
I see clear signs of a bullish accumulation on a daily.
The recent formation of a higher low and 3 consequent equal highs
indicates a highly probable coming bullish movement.
As always, your perfect confirmation is a breakout.
The violation of the underlined blue resistance will give you a
strong bullish signal.
Growth will be expected then.
❤️Please, support my work with like, thank you!❤️
Gold reacts to unserious peace talksThe United States and Russia recently held peace talks in Saudi Arabia without Ukraine’s participation. Russian officials did not mention offering any concessions and U.S. officials did not claim to have scored any in Tuesday's meeting.
Adding to the unseriousness of the talks, Donald Trump called Zelensky a “dictator,” and suggested that Ukraine is responsible for the war, echoing obvious Russian talking points.
Gold rose above $2,930 per ounce on Wednesday, just shy of last week’s record high of $2,940.
Technical indicators remain in extreme overbought territory, although extreme geopolitical uncertainty may call for extreme readings for longer. In the near term, the pullback appears corrective, with XAU/USD still holding above all key moving averages on the 4-hour chart.
Will You Let the Gold Opportunity Slip Away Again How many times have you missed an opportunity and said, "I wish I had entered earlier!"? 🤦♂️
In our last post, we gave a gold buying signal, and now it has reached $2993, exactly as we predicted! 🚀🔥
Unfortunately, those who didn't read the previous post missed out on a big profit!
But don’t miss the opportunity again! Gold is on its way to $3037, just as we forecasted! 📈✨
📌 Don’t let the opportunity slip away again – follow us now so you won’t regret it later! ✅
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 4h chart after smashing levels on our 1h chart idea.
This chart idea is playing out perfectly!!! We got our 2890 and 2928 Bullish target hit. This followed with ema5 lock opening the range above upto 2959. We got the move up after the lock for over 200 pips but just short of the full gap. As long as we have no lock below 2928, we are good to buy dips into this range for now.
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
2890 - DONE
2928 - DONE
EMA5 CROSS AND LOCK ABOVE 2928 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2992
EMA5 CROSS AND LOCK ABOVE 2992 WILL OPEN THE FOLLOWING BULLISH TARGET
3024
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 2890 WILL OPEN THE FOLLOWING BEARISH TARGET
2857
EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE RETRACEMENT RANGE
2813 - 2785
EMA5 CROSS AND LOCK BELOW 2785 WILL OPEN THE SWING RANGE
SWING RANGE
2744 - 2713
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 ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts today with our chart idea playing, out as analysed.
After completing our Bullish target yesterday at 2905, we stated that we were now looking for ema5 to lock above 2905 for a continuation to the range above.
- We got the lock above 2905, which opened 2934. This gave a nice push up of over 200 pips with plenty of time to get in for the action. The gap still remains open.
We will continue to look for ema5 lock above or below each of the levels to determine the next range. Lock failures will also confirm rejection in which case lower Goldlturns will be used for support and bounce.
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
2905 - DONE
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2781 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
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
XAUUSD: Approaching the 3k top. Correction expected to 2,850.Gold has turned overbought again on its 1D technical outlook (RSI = 71.094, MACD = 56.680, ADX = 55.310), recovering last week's losses and ia marching towards a new ATH. Technically we expect it to approach the psychological level of 3k and once it gets as close to the HH trendline as possible, correct. The signal is given by the 3D RSI whose LH trendline has marked both Gold's highs in the past 12 months. The technical corrections aimed at the 0.382 Fibonacci level, so go short there and TP = 2,850.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Best Strategies to Identify a Bearish Reversal in Gold Trading
In this article, I will explain to you 4 efficient strategies to identify a bearish reversal with technical analysis in Gold trading.
You will learn price action, SMC and technical indicator strong bearish signals.
First, let me remind you that different bearish signals may indicate a different magnitude and a degree of a potential reversal.
While some signals will be reliable for predicting short term reversals, some will be more accurate in projecting long-term ones.
One more thing to note is that one of the best time frames for bearish reversal confirmations on Gold is the daily. So, all the cases that will be explained will be on a daily time frame strictly.
XAUUSD Bearish Reversal Signal 1 - Bearish Price Action Pattern.
One of the perfect indicators of the overbought state of a bullish trend on Gold is bearish price action patterns.
I am talking about classic horizontal neckline based patterns like head & shoulders, inverted cup & handle, double/triple top and descending triangle.
Typically, these patterns leave early bearish clues and help to predict a coming downturn movement.
A strong bearish signal is a breakout of a horizontal neckline of the pattern and a candle close below.
The price may continue falling at least to the next key support then.
Above is the example of a head and shoulders pattern on Gold, on a daily. Its formation was the evidence of the overheated market. Bearish breakout of its neckline confirmed that, and the price continued falling.
Bearish Reversal Signal 2 - Rising Channel Breakout.
When the market is trading in a healthy bullish trend, it usually starts moving with the boundaries of a rising channel.
It can be the expanding, parallel or contracting channel.
Its support will represent a strong vertical structure , from where new bullish waves will initiate after corrections .
Its breakout will quite accurately indicate a change of a market sentiment and a highly probable bearish reversal.
Look at this rising parallel channel on Gold chart on a daily. The market was respecting its boundaries for more than 3 months.
A bearish violation of its support was an accurate bearish signal that triggered a strong bearish movement.
Bearish Reversal Signal 3 - Change of Character & Bearish Price Action.
One of the main characteristics of a bullish trend is the tendency of the market to set new higher highs and higher lows. Each final high of each bullish impulse is always higher than the previous. Each final low of each bearish movement is also higher than the previous.
In such a price action, the level of the l ast higher low is a very significant point.
The violation of that and a formation of a new low is an important event that is called Change of Character CHoCH.
It signifies the violation of a current bullish trend.
After that, one should pay attention to a consequent price action, because CHoCH can easily turn into just an extended correctional movement.
If the market sets a lower high and a new lower low then, it will confirm the start of a new bearish trend.
That is the example of a confirmed Change of Character on Gold on a daily. To validate the start of a new bearish trend, we should let the price set a lower high and a form a bearish impulse with a new lower low.
Bearish Reversal Signal 4 - Death Cross.
Death cross is a strong long-term bearish reversal signal that is based on a crossover of 2 moving averages.
On a daily time frame, it is usually based on a combination of 2 Simple Moving Averages: one with 50 length and one with 200 length.
The signal is considered to be confirmed when a 50 length SMA crosses below 200 length SMA.
It is commonly believed that it signifies that the market enters a long-term bearish trend.
On the chart, I plotted 2 Moving Averages. When the blue one crosses below the orange one, a global bearish trend on Gold will be confirmed
The 4 bearish signals that we discussed will be useful for predicting short term, mid term and long term bearish reversals on Gold.
While price action patterns will indicate local bearish movements, Death Cross will confirm a global trend change.
Learn to recognize all the signals that we discussed to make more accurate trading and investing decisions.
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea already off to a flying start.
We started with our Bullish target at 2905 hit and now seeing price resist here and ranging due to low volume currently due to US holiday.
We are now looking for ema5 to lock above 2905 for a continuation to the range above or failure to lock above will see price reject into the lower Goldturns for support ad bounce. Ema5 lock will confirm level to level direction and range to 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
2905 - DONE
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
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 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 seeing price play between two weighted levels with a gap above at 2905 and a gap below at 2872. 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
2905
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
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 WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 play between two weighted levels with a gap above at 2928 with a correction target above at 2890 before that with ema5 lagging and due a touch above. We need ema5 to cross below 2890 to open 2857 and lock above 2928 to open the range above.
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
2890
2928
EMA5 CROSS AND LOCK ABOVE 2928 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2992
EMA5 CROSS AND LOCK ABOVE 2992 WILL OPEN THE FOLLOWING BULLISH TARGET
3024
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 2890 WILL OPEN THE FOLLOWING BEARISH TARGET
2857
EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE RETRACEMENT RANGE
2813 - 2785
EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE SWING RANGE
SWING RANGE
2744 - 2713
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 DAILY CHART MID/LONG TERM UPDATEHey Everyone,
This is an update on our daily chart idea that we are now tracking and playing out perfectly, as analysed.
2904 AXIS target was hit last week completing this level and also into the channel top for the perfect finish and rejection.
We now have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics.
We also need to keep in mind the channel half line below to establish floor to provide support for the range. A break below the half line will open the lower part of the channel to establish floor on the channel bottom.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this from rejections, which allows us to 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
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.
After completing 2729 and 2856, we were left with a very small body close above 2856 last week leaving 2976 open and we stated that will need ema5 lock to further confirm this.
EMA5 is still yet to lock, however the body close already gave us a nice push up with over 700 pips. The full long term gap still remains open with a further candle body close left from last week.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Your Trading Plan For Next Week Explained
Gold did not manage to update the All-Time High on Friday,
retracing from a key daily resistance.
The market is now trading within a horizontal range on a daily.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:
Bullish Scenario
If the price breaks and closes above 2943,
a bullish continuation will be expected to the new highs.
Bearish Scenario
If the price breaks a demand zone based on a rising trend line
and a support of the range and closes below that,
a correctional movement will follow.
Alternatively, with the absence of fundamentals,
the market may stay within the range for a while, so be patient.
❤️Please, support my work with like, thank you!❤️
GOLD MARKET UPDATEHey Everyone,
Great finish to the week once again with all our chart ideas playing out, as analysed.
This is an update on our new daily chart idea which we shared on last Sunday, which also played out perfectly .
We had candle body close and ema5 above lock above 2827 leaving target to 2904 AXIS. This was hit perfectly this week completing this level and also into the channel top for the perfect finish and rejection.
We have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics.
We also need to keep in mind the channel half line below to establish floor to provide support for the range. A break below the half line will open the lower part of the channel to establish floor on the channel bottom.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Following on from yesterdays update, after clearing 2867, 2894 and 2924, we had no further cross and lock confirming the rejection for the move down into the lower Goldturns.
We then stated that the lower Goldturns are providing support for the bounce and establishing a range between 2867 and 2924 and we will look for a test and cross and lock on either level to determine the next range.
- This is still playing out, between the range we heighted, allowing us to safely buy dips.
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
2867 - DONE
EMA5 CROSS AND LOCK ABOVE 2867 WILL OPEN THE FOLLOWING BULLISH TARGET
2894 - DONE
EMA5 CROSS AND LOCK ABOVE 2894 WILL OPEN THE FOLLOWING BULLISH TARGET
2924 - DONE
EMA5 CROSS AND LOCK ABOVE 2924 WILL OPEN THE FOLLOWING BULLISH TARGET
2952
EMA5 CROSS AND LOCK ABOVE 2952 WILL OPEN THE FOLLOWING BULLISH TARGET
2979
BEARISH TARGETS
2833
EMA5 CROSS AND LOCK BELOW 2833 WILL OPEN THE FOLLOWING BEARISH TARGET
2800
EMA5 CROSS AND LOCK BELOW 2800 WILL OPEN THE SWING RANGE
SWING RANGE
2771 - 2743
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 (XAUUSD): One More Bullish Confirmation?!
After the release of the yesterday's US news, Gold went up again
Analyzing a 4H time frame, I see a completed inverted head and shoulders pattern.
Probabilities are high that growth will continue.
Goals: 2931 / 2942
❤️Please, support my work with like, thank you!❤️