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GOLD DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure that we have been tracking successfully for a while now.. Previously we had the cross and lock above 2355, leaving a gap open to 2405 and same with 2405 opening 2464. - Both gaps were hit and completed, as analysed. We were then left with a candle body close gap above 2464 leaving a long range/term gap to 2521 and will need EMA5 lock above 2464 to further confirm this. Failure to lock above this level last week confirmed the rejection that followed. We are now seeing 2355 retracement range providing support and the re-actional bounce, as analysed. We will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again. We have marked the charts with our unique weighted levels and will use them to track the movement up and down, confirmed with ema5 cross and lock confirmation. We will use our 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea. Previously we had 2434 open gap hit perfectly completing this range target and the channel top test. We mentioned last week that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above. - This played out perfectly, as we got the rejection after hitting our final target and the channel top provided the dynamic resistance and re-action we were expecting, which followed with the perfect rejection end of last week. We would need to see a candle body close above 2434 in the coming weeks/months to confirm this gap or an ema5 cross and lock for a double confirmation. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP UPDATEHey Everyone, A great finish to the week with all our chart ideas playing out perfectly, as per our daily updates throughout the week. Yesterday we advised that we got the test into 2380 weighted Goldturn support, after the rejection from the top. We also got the cross and lock below 2380 opening 2359, which was also hit perfectly. We then stated that we needed to see ema5 lock below 2359 to open the swing range or failure to lock below will see a reaction here. - This played out perfectly once again with no lock below the 2359 weighted level, which followed with the rejection and reactional bounce into 2380 inline with our plans to buy dips!! We will now need to track the movement level to level confirmed with cross and lock and knowing we have a gap above, helps with our plans to buy dips. BULLISH TARGETS 2400 - DONE 2421 - DONE BEARISH TARGETS 2380 - DONE EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 - DONE We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold
OANDA:XAUUSD
by Goldviewfx
10
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, After completing the range target yesterday at 2421, we also had ema5 leave a gap to 2438. We got the push up into the range but left the gap short before the rejection. This is why we always buy from dips and not from the top. We got the test into 2380 weighted Goldturn support that we stated yesterday. Cross and lock below 2380 opened 2359, which was also hit perfectly. We will now need to see ema5 lock below 2359 to open the swing range or we will see a reaction here So far, even with the rejection into the support zones; each of the weighted Goldturns gave the 30 to 40 pip bounces, inline with our plans to buy dips and as analysed. Once again we were able to capitalise on this by tracking the movement down and catching the 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2400 - DONE 2421 - DONE EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 BEARISH TARGETS 2380 - DONE EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 - DONE EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE SWING RANGE 2331 - 2317 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
OANDA:XAUUSD
by Goldviewfx
12
XAUUSD Gold Falling Wedge patternThe Falling Wedge pattern is a bullish chart pattern that forms when the price of a security is consolidating within a narrowing, downward-sloping range. Here's a description of the pattern: Key Characteristics: 1. Downward slope: The price is moving downward, but at a decreasing rate. 2. Narrowing range: The range between the highs and lows is decreasing, forming a wedge shape. 3. Consolidation: The price is consolidating within the wedge, indicating a pause in the downtrend. 4. Bullish reversal: The pattern suggests a potential bullish reversal, indicating a possible uptrend. Pattern Requirements: 1. At least 5 touches: The price should touch the upper and lower trend lines at least 5 times. 2. Downward trend: The price should be in a downtrend before the wedge forms. 3. Narrowing range: The range between the highs and lows should be decreasing. Trading Strategy: 1. Buy signal: A breakout above the upper trend line, with a stop-loss below the lower trend line. 2. Target: The target is the height of the wedge, projected upward from the breakout point. Important Notes: 1. Confirmation: Wait for confirmation of the breakout before entering a trade. 2. False breakouts: Be cautious of false breakouts, which can occur before the actual breakout. 3. Context: Consider the overall market context and other technical and fundamental factors before trading. The Falling Wedge pattern can be a powerful tool for identifying potential bullish reversals. However, it's essential to use proper risk management and trading discipline when trading this pattern.
TVC:GOLDLong
by Pipsview_Analysis
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday we had ema5 and candle body close above 2400 opening 2421, as a gap target. This target was hit today, completing this range. We are now seeing ema5 cross above 2421 to open the gap to 2438 and just need the lock to confirm. We also have 2380, as the weighted support area for the range below and will need to keep this in mind, when we see rejections above. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2400 - DONE 2421 - DONE EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 BEARISH TARGETS 2380 EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE SWING RANGE 2331 - 2317 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
OANDA:XAUUSD
by Goldviewfx
15
XAUUSD - Gold DailySimple Trading - Cup and Handle pattern Gold has made a break from its bullish momentum and is now finding support at 2380. Expect gold to continue to reject the previous low and continue to make higher lows. If the Cup and Handle pattern plays out correctly, 2380 should be the lowest gold should go before reaching TP1. How to trade the pattern: Entry 1 is the 50% fib retracement from the previous impulse. In our case, gold has dropped perfectly to the 50% fib Entry 2 is the breakout. BULLS: Pay attention to the previous week's candle close. the high of last week was 2480. We are currently in a 1000pips range or 100 points. If gold fails to remain bullish over the next couple of days gold may surpass the previous high and reach target 1. BEARS: we can see the market may consolidate shown in ZOOM 4HR. If strong sell pressure keeps gold under the next daily FVG which is around 2445-2451, we may look to take some profits. if gold remains bearish and breaks below 2380 we look to change our basis and look for more sells in the short term. *These are just my thoughts, not financial advice.
CITYINDEX:XAUUSDLong
by nikdobii
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 1H chart idea. We are seeing price range sideways with 2380 providing support for the range for the push up into 2400. We also have ema5 and candle body close above 2400 opening 2421, as a gap target. We have 2421 open gap and will need ema5 to lock above 2421 to confirm the range above. We also have 2380, as the weighted support area and will need ema5 lock below this level to open 2359 and a cross and lock below 2359 will open the swing range for the extended swing. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2400 - DONE 2421 EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 BEARISH TARGETS 2380 EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE SWING RANGE 2331 - 2317 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD ( UNDER UPWARD PRESSURE ) ( 4H )XAUUSD HELLO TRADERS INTRODUCTION : gold price rose during trading on Monday , after us president joe Biden formally announced his withdrawal form the presidential race last evening . Tendency , the price is under bullish pressure until trade above turning level . TURNING LEVEL : the price of turning level around 2,392$ , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level . RESISTANCE LEVEL : around 2,420$ , for reach this level will be stabilizing above turning level SUPPORT LEVEL : support level at 2,365$ , for reach this level will be breaking and stabilizing below turning level . PRICE MOVEMENT : the price is under bullish pressure , as long as the price trading above 2,392$ reach a resistance level (1) at 2,420$ , then it is requirement breaking FVG for reach resistance level (2) at 2,442$, but if breaking turning level reach a support level (1) at 2,365$ , it is a strong support level , the breaking this level reach a support level (2) at 2,337$ . TARGET LEVEL : RESISTANCE LEVEL : 2,420$ , 2,442$ . SUPPORT LEVEL ; 2,365$ , 2,337$ .
OANDA:XAUUSDLong
by ArinaKarayi
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out, as analysed. We are seeing price play between two weighted levels, 2406 resistance and 2482 support. We got our first Bullish target hit today at 2406. We now have a candle body close above 2406 opening 2428 but will need ema5 cross and lock to further confirm this. Ema5 failed to lock above 2406 and therefore followed with the rejection into price heading towards 2382 support. Failure to cross and lock below 2382 will follow with a bounce for another re-test above at 2406. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We will need ema5 to lock above 2406 and 2428 to confirm the range above. We also have 2382, as the weighted support area and will need ema5 lock below this level to open 2360 and a cross and lock below 2360 will open the swing range for the extended swing. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2406 - DONE EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET 2428 EMA5 CROSS AND LOCK ABOVE 2428 WILL OPEN THE FOLLOWING BULLISH TARGET 2450 EMA5 CROSS AND LOCK ABOVE 2450 WILL OPEN THE FOLLOWING BULLISH TARGET 2467 2481 POTENTIALLY 2495 BEARISH TARGETS 2382 EMA5 CROSS AND LOCK BELOW 2382 WILL OPEN THE FOLLOWING BEARISH TARGET 2360 EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE SWING RANGE 2330 - 2303 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
OANDA:XAUUSD
by Goldviewfx
5
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 between two weighted levels. We have 2421 Goldturn resistance and 2380, as Goldturn support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We have 2421 open gap and will need ema5 to lock above 2421 to confirm the range above. We also have 2380, as the weighted support area and will need ema5 lock below this level to open 2359 and a cross and lock below 2359 will open the swing range for the extended swing. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2421 EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 BEARISH TARGETS 2380 EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE SWING RANGE 2331 - 2317 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
OANDA:XAUUSD
by Goldviewfx
11
GOLD DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure that we have been tracking successfully for a while now.. On our last two updates we had the cross and lock above 2355 leaving a gap open to 2405 and then same with 2405 opening 2464. - Both gaps were hit and completed , as analysed. We now have a candle body close gap above 2464 leaving a long range/term gap to 2521 and will need EMA5 lock above 2464 to further confirm this. Failure to lock now with ema5 confirmed the rejection we are seeing now We have marked the charts with our unique weighted levels and will use them to track the movement up and down, confirmed with ema5 cross and lock confirmation. We will use our 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
OANDA:XAUUSD
by Goldviewfx
4
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea. Last week we 2434 was hit perfectly completing this range target and channel top. Although we have the final Axis target at 2505, we are expecting resistance and reaction here at the channel top and will probably need a few attempts before cracking open the range above. We would need to see a candle body close above 2434 this coming week to confirm this gap or an ema5 cross and lock for a double confirmation. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
OANDA:XAUUSD
by Goldviewfx
2
GOLD (XAUUSD): Updated Market Structure Analysis Gold is now trading within a rising, expanding channel on a daily time frame. Updating the ATH, the price perfectly respected its upper boundary and started a bearish movement from that. The closest strong support that I see is a demand cluster based on a minor broken trend line and a horizontal structure. The underlined blue area can be the first pit stop for the sellers. I will look for a pullback trade from there. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
6
GOLD ROUTE MAP UPDATEHey Everyone, A great finish to the week with all our chart ideas playing out perfectly and, as per our daily updates throughout the week. After riding the move up inline with our plans to buy dips, we finished off yesterday with 2467 test and then advised that we needed ema5 to cross and lock above this weighted Goldturn to open the range above or a failure to lock will confirm the rejection. - Failure to lock above 2467 confirmed the end of the run and the rejection with a drop into 2397 weighted level, which gave the perfect bounce, as analysed. We will now either need to see ema5 lock below 2397 weighted level to open the range below or we will see another run up to test 2416 weighted level. BULLISH TARGETS 2416 - DONE EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET 2425 - DONE 2437 - DONE EMA5 CROSS AND LOCK ABOVE 2437 WILL OPEN THE FOLLOWING BULLISH TARGET 2449 - DONE 2460 - DONE We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold
OANDA:XAUUSD
by Goldviewfx