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GOLD ROUTE MAP UPDATEHey Everyone, And another PIPTASTIC finish to the week, completing all our Bullish targets!! After completing the first round of targets yesterday, we stated that we will now look for ema5 cross and lock above 2591 to open 2603 and 2615. We got the lock above 2591 and then followed with the perfect hit on 2603 and 2615 completing the targets to perfection. BULLISH TARGET 2581 - DONE EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET 2591 - DONE EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET 2603 - DONE POTENTIALLY 2615 - DONE BEARISH TARGETS 2567 - DONE EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2554 (DONE) - 2538 We will now come back Sunday with our updated 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 GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
XAUUSD - Gold 1HRSimple Trading - Expanding Wedge pattern Gold has broken above the expanding wedge and is now pushing for its target (2615). Expect gold to continue to the previous High (2600) and make a higher high. If the Expanding Wedge pattern plays out correctly, 2615 should be the next target. Keep in mind that there is strong resistance at the 2600 price level. Expect another fakeout. The previous week's high (PWH) is acting as support. If two or more Bearish candles close below the PWH/support... this could indicate sell pressure. *These are just my thoughts, not financial advice.
EIGHTCAP:XAUUSDLong
by nikdobii
GOLD ROUTE MAP UPDATEHey Everyone, What can I say.....Another PIPTASTIC day on the charts today!! We got the break below 2567 opening the retracement range, which gave the perfect bounce into the upper Goldturns 2581 and then 2591, completing our open Bullish target that we highlighted earlier this week. - BOOOOOM!! We will now look for ema5 cross and lock above 2591 to open the range above or failure to lock will follow with a rejection into the lower Goldturns for support and bounce on the weighted levels. 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 2581 - DONE EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET 2591 - DONE EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET 2603 POTENTIALLY 2615 BEARISH TARGETS 2567 - DONE EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2554 (DONE) - 2538 EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE SWING RANGE 2516 - 2506 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
20
XAUUSD Counter-trend TradingXAUUSD has reached an all-time high of 2570, touching both a resistance zone and the channel border. With no high-impact news scheduled today and it being a Friday, there's a possibility of a pullback, as markets often correct after a strong trending week. Additionally, the price action seems to be slowing down near the resistance zone, indicating potential weakness. Given that markets typically move in cycles, there is a strong possibility of a retest of the 2550 support level before any further upward movement. The target is the support zone around 2544.800
FOREXCOM:XAUUSDShort
by RTED_Investing
XAUUSD SELL SIGNAL DOUBLE TOP PATTERNOn Xauusd price has formed a complete double top and was able to move down partially break the line 2575.447 leaving a wick and reverse so is important to note that there is a greater chance for the price to fall the line has been tested so going for SHORT are needed with target profit of 2560.718 and stoploss of 2591.692 . Use money management. XAUUSD SELL: 2575.447 - 2573.755 Sl 2591.692 Tp 2560.718 Note: Trade with a lot that suit your capital
OANDA:XAUUSDShort
by FrankFx14
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday after hitting the bearish target 2567, we stated that we need ema5 to cross and lock below 2567 to open the retracement range for a test and failure to lock below 2567 and we will see the Goldlturns above being re-tested. - No cross below 2567 confirmed the bounce and gave multiple bounces off this level of over 30 to 40 pips, just like we analysed and now left 2581 open for a re-test, which fell short by just a few pips. We will see price range between 2567 and 2581, until we see a cross and lock on either level to confirm breakout to 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 are taking extra caution with our buys in this new range, as bigger corrections are likely. 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 2581 - DONE EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET 2591 EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET 2603 POTENTIALLY 2615 BEARISH TARGETS 2567 - DONE EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2554 - 2538 EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE SWING RANGE 2516 - 2506 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
8
XAU/USD : Will Gold Fall More ? (READ THE CAPTION)As observed, gold fluctuated within the supply zone of $2579 to $2589 yesterday and finally managed to close and stabilize below $2579. Afterward, gold experienced an 80-pip decline, correcting down to $2572, and is currently trading around $2574. If the price stabilizes below $2577, we can expect further declines in gold, with potential targets at $2571, $2565, and $2555, respectively. (This analysis will be updated) Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
12
Best Lot Size For Scalping, Day Trading, Swing Trading GOLD What is the best lot size for scalping, day trading, swing trading Gold XAUUSD? In the today's article, I will explain to you how to calculate a lot size for trading Gold for any trading strategy and trading style. As the example, I will measure lot sizes for 500$, 1000$, 10000$ XAUUSD trading accounts. Scalping Gold For scalping Gold, traders commonly apply 5m/15m time frames. In order to calculate the lot size for 5 minutes time frame trading, you will need to back test your trading strategy and find at least 5 trades that meet the rules of your trading strategy. But remember that the more trades you will back test, the better and the safer lot size you will calculate. You will need to underline the entry point and a stop loss for each trade. Then you will need to measure stop loss value of every trade in pips. Then, find the trade with the biggest stop loss in pips. In our example, the biggest stop loss is 353 pips. Open a position size calculator for Gold. As an example, we will apply some free position size calculator. Fill all the inputs. As a risk ratio, input 2%. Our best lot size for scalping Gold on 5 minutes time frame will be: 0.03 lot with 500$ trading account. 0.06 lot with 1000$ trading account. 0.57 lot with 10000$ trading account. With such a lot size, your potential risk will not exceed 2% of your trading account balance and the average risk will be close to 1%. For scalping Gold on 15 minutes time frame, find at least 5 trades based on your trading strategy rules. The biggest stop loss in 600 pips. Please, note that the higher is the time frame, the bigger are the stop losses in pips. It means that higher time frame trading requires bigger account balance than lower time frame trading. Apply XAUUSD position size calculator to measure a lot size for 15m trading. Our best lot size for scalping Gold on 15 minutes time frame will be: 0.02 lot with 500$ trading account. 0.03 lot with 1000$ trading account. 0.33 lot with 10000$ trading account. Day Trading Gold Common time frame for day trading Gold are 30M and 1H. Find at least 5 trading setups on 30 minutes time frame and measure stop loss in pips. The biggest stop loss in our example is 997 pips. According to XAUUSD position size calculator, best lot size for day trading Gold on 30 minutes time frame will be: 0.01 lot with 500$ trading account. 0.02 lot with 1000$ trading account. 0.2 lot with 10000$ trading account. The same logic will be applied on an hourly time frame. Among 5 trading setups in the example above, the biggest stop loss is 1500 pips. 500$ trading account will not be enough to control risks below 2%. You will need at least 1000$ for day trading Gold on an hourly time frame with such stop losses. Using Gold position size calculator, here are the best lot sizes for trading on 1H: 0.01 lot with 1000$ trading account. 0.13 lot with 10000$ trading account. Swing Trading Gold The main time frames for swing trading gold are 4H and Daily. In our example, the biggest stop loss is 2800 pips. 1000$ account will not be enough for taking such a trade with 2% risk. Taking the trade with minimal 0.01 lot, the risk will be 28$ or 2.8% of 1000. Using XAUUSD lot size calculator, the best lot size for swing trading on a 4H will be: 0.07 lot with 10000$ trading account. Before you start trading on a real account, you should know exactly your risks in pips. Knowing the biggest stop loss will help you to carefully measure the safest lot size for your trading style. Make sure that you have sufficient balance to not exceed 2% risk per trade and analyze as many past trading setups as possible. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
Is Gold Predicting a 50-Point Rate Cut? Gold surged to an all-time high before pulling back, as investors await the Federal Reserve’s first move to ease monetary policy in over four years. Traders are pricing in a 67% chance of a 50-basis-point rate cut, according to CME’s FedWatch Tool. Yet, despite growing expectations of an aggressive start to the policy easing, gold has slipped 0.5%, paring last week’s gains to 2.9%. Could we see more downside in gold if a 25-basis-point eventuates from the Fed? $2,530 could be a potential level of support in this scenario. Technical indicators, including the Relative Strength Index (RSI), have eased from near-overbought levels but perhaps not enough to suggest a more significant decline in gold prices is imminent.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD ROUTE MAP UPDATEHey Everyone, Another ranging day with side by side movement for the most part of today, as the market looks for a blueprint in this new range. Yesterday we got the first Bullish target hit at 2581 and stated that we needed to also keep in mind the Bearish gap below at 2567. Today we got the bearish target 2567 hit and now ema5 is playing just above the level. If we see a cross and lock below 2567 then we will see the retracement range open up for a test. Failure to lock below 2567 and we will see the Goldlturns above being re-tested keeping in mind the open gaps 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 are taking extra caution with our buys in this new range, as bigger corrections are likely. 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 2581 - DONE EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET 2591 EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET 2603 POTENTIALLY 2615 BEARISH TARGETS 2567 - DONE EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2554 - 2538 EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE SWING RANGE 2516 - 2506 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
9
GOLD ROUTE MAP UPDATEHey Everyone, Slow start to the week with ranging movement following on from the breakout last week into this ATH range. However, as analysed we got the first Bullish target hit today at 2581 during Tokyo session. We now have a ema5 lock above 2581 opening upto 2591, which gave just over 40 pips and remains open. We need to also keep in mind the Bearish gap below at 2567. 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 are taking extra caution with our buys in this new range, as bigger corrections are likely. 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 2581 - DONE EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET 2591 EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET 2603 POTENTIALLY 2615 BEARISH TARGETS 2567 EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2554 - 2538 EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE SWING RANGE 2516 - 2506 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
16
Gold Hits New High at $2589 - Bearish OrderBlock in Play? (READ)By analyzing the gold chart on the 4-hour timeframe, we can see that today the price managed to reach a new All Time High, climbing up to $2589.750. Afterward, it faced a correction and is currently trading around the $2580 level. If the 4-hour gold candle closes below $2579, we can consider the $2579 to $2589 range as a Bearish Order Bock. Based on this, we can analyze and predict the next price movements. Continue to wait for price stabilization and avoid taking high-risk trades. (This analysis will be updated) Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
6
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey 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 2581 Goldturn resistance and 2567, as Goldturn support. We currently have a gap above on market open at 2581 and below at 2567 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 2581 EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET 2591 EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET 2603 POTENTIALLY 2615 BEARISH TARGETS 2567 EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2554 - 2538 EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE SWING RANGE 2516 - 2506 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
14
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2590 Goldturn resistance and we have 2564, as Goldturn support. We currently have a gap open above at 2590 and below at 2564 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 2590 EMA5 CROSS AND LOCK ABOVE 2590 WILL OPEN THE FOLLOWING BULLISH TARGET 2608 POTENTIALLY 2626 BEARISH TARGETS 2564 EMA5 CROSS AND LOCK BELOW 2564 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2545 - 2517 EMA5 CROSS AND LOCK BELOW 2517 WILL OPEN THE SWING RANGE SWING RANGE 2493 - 2468 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
3
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. Last week we stated we stated that we still have the candle body close above 2521 for the gap to 2566 and we would need Ema5 lock to further confirm and strengthen this gap. Currently ema5 is playing just under it and we will continue to observe and update this. - This has played out perfectly with 2566 now hit completing this target. We now have a candle body close above 2566 leaving a long term gap to 2608 and if we get a ema5 lock then this will further strengthen the gap. 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
OANDA:XAUUSD
by Goldviewfx
3
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. Previously we stated that we had the candle body close above 2505 leaving a gap to 2557. We also stated that we need to keep in mind that we have a ema5 detachment below highlighted on the chart with a circle for a possible correction area. We then got the detachment touch below two weeks ago, followed with the bounce like we analysed. Last week the bounce completed the full range and hit our target at 2557 perfectly. Just amazing to see our analysis play out in true level to level fashion. We also stated that all channels that break usually require the channel top to become support outside the channel for further continuations before new channels form and once again this played out like we analysed. We now have a candle body close above 2557 leaving a long term Axis gap target to 2603, which we shared on this chart number of weeks back. The new weekly candle will have a detachment below for correction range which will show up when market opens. Please note any corrections below that fail to provide support outside of the channel, means price breaks back into the channel, in which case the channel re-activates for trading and tracking level to level once again Therefore, 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
OANDA:XAUUSD
by Goldviewfx
7
GOLD ROUTE MAP UPDATEHey Everyone, A PIPTASTIC finish to the week with our multi timeframe chart analysis hitting targets completing all our chart ideas. We remained committed to the bull and it paid off!! Yesterday we shared updates on the 1H and 4H chart ideas, with both ideas completed and here we have the daily chart update. This chart has been followed every week for a number of months and we have confirmed the close above 2521 leaving the gap open to 2566 for over two weeks. This was finally completed today, which also had a ema5 lock further confirming the gap before hitting it. We will now come back Sunday with our updated 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 GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6