Gold AnalysisThe 1-hour zones around 2320.0 and 2328.5 present potential reversal zones, while the 15-minute zones near 2300.0 and 2308.5 also offer reversal opportunities. However, given their proximity, it's advisable not to enter shorts at the top and longs at the bottom simultaneously. Instead, consider longing after the top level is breached and shorting after the bottom level is broken.
Take profit targets for long positions could be around 2343.5, while for short positions, they could be around 2286.5.
Goldtrading
GOLD Bulls targetPrice has bounced off the 50% fib level on the daily chart and has also broken out of the triangle pattern previously created.
Price currently sits at resistance so there are no clear long entries to play here that would be safe to take, but if price drops to previously lows, or creates a new higher high, then we can be waiting for the next leg towards the highs.
GOLD 1H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2305 resistance and 2285 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2305 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2285 will open the swing 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 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
2305
EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS
2321
EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET
2346
BEARISH TARGETS
2285
EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE
SWING RANGE
2259 - 2240
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2313 resistance and 2290 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2313 to further open the range above or a rejection will follow to find support at 2290 retracement range. A cross and lock below the retracement range will open the swing range 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 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
2313
EMA5 CROSS AND LOCK ABOVE 2313 WILL OPEN THE FOLLOWING BULLISH TARGETS
2340
EMA5 CROSS AND LOCK ABOVE 2340 WILL OPEN THE FOLLOWING BULLISH TARGET
2358
EMA5 CROSS AND LOCK ABOVE 2358 WILL OPEN THE FOLLOWING BULLISH TARGET
2390
BEARISH TARGETS
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE SWING RANGE
SWING RANGE
2247 - 2221
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.
Previously we saw the anticipated retracement take place and the price test support at 2325 Goldturn inline with the channel half line. However, Ema5 5 remained above 2325 confirming the bounce, which we were able to track and trade using our smaller timeframe.
We then stated that a break below the 2325 Goldturn support level will complete the full channel half line test and the potential for a break and lock below the half line to open the levels below until we track to the bottom of the channel or rejection back to re-test the top.
- This played out perfectly with the full half line test complete last week and now for us to track the bounce up from the half line or a break and lock below to confirm the full channel low test.
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 algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD MONTHLY CHART LONG RANGE ROUTEMAPHey Everyone,
Our last update on our monthly chart. we completed all our Bullish targets after breaking out of the ascending channel
We then stated that we also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term.
Since then we had the anticipated correctional drop, as you can see from the wick on last months candle but not enough to complete the full detachment.
The new month candle has now opened and in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range
Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above.
We still remain Bullish and will only safely take buys from support levels.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Support & Resistance Levels For Next Week
Here is my latest structure analysis and important key levels
to trade on Gold next week.
Resistance 1: 2354 - 2360 area
Resistance 2: 2392 - 2432 area
Support 1: 2215 -2264 area
Support 2: 2194 - 2222 area
Support 3: 2146 - 2165 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week with true level to level break and confirmation trading.
Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that was left open.
- This played out perfectly with 2316 hit first, followed with the full swing range test at 2278 and then to finish off the swing range did exactly what it says on the tin and gave the full swing back to 2302. Our plans to buy dips played out to perfection !!!
We will now come back Sunday with our multi-timeframe analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a smashing weekend with family and loved ones!
Mr Gold
GoldViewFX
GOLD next bear targetsWith todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards.
Price is now forming a bearish triangle pattern with support currently being tested. The plan?
- Hold for break of this key level of support
- Wait for a retest / roll reverse (lower time frames LL, MA crosses)
- Support levels at 2266 (previous low/Swing) and 2255 (deep daily fib level)
GOLD's next move?Views for the bulls and bears on this one.
price currently in the 618 382 fib zone forming variations of a flag and bearish triangle.
Price still sits above the 200MA although very close - balanced market.
- For bears we need a break below 2280 with views to 2260/2255.
- For bulls we need a solid push higher and break of falling trend line support.
GOLD 1H CHART ROUTE MAPHey Everyone,
Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips.
We started the week with price playing between two weighted levels 2351 resistance and 2333 support.
We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a further cross and lock below 2316 also opened the swing range.
The first level of the swing range was hit with just short of the second level. However, the swing range itself has provided swings twice to buy dips from this range.
As long as the swing range holds above 2302, we are like to see 2316 retest and then 2333. Failure to lock above this range and we will see the full test of the swing range and a further lock below the swing range will open the range below.
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
2351
EMA5 CROSS AND LOCK ABOVE 2351 WILL OPEN THE FOLLOWING BULLISH TARGETS
2368
BEARISH TARGETS
2333 - DONE
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE RETRACEMENT RANGE
2316 - DONE
EMA5 CROSS AND LOCK BELOW 2316 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - DONE
2278
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): One More Bearish Wave is Coming?! 🥇
I would say that the month of April was very weak for Gold.
Even though the market updated the ATH and we saw quite a strong
rally at the beginning of the month, bulls quite quickly lost the momentum.
We can even conclude that the rally finally stopped and the market started to consolidate within a horizontal range.
For the last 10 days we see a steady shift in sentiment.
The price formed the first strong bearish candle and we also set the first lower high.
This week, we see the sign of strength of the sellers again with a formation of one more strong bearish candle.
After a strong bearish movement on Tuesday, we can also confirm a formation of a bearish reversal pattern: an inverted cup & handle formation.
At the moment, the last resort for the buyers is a wide horizontal demand zone: 2265 - 2290. That structure, is also the neckline of the pattern.
Its bearish violation will confirm the initiation of a correctional movement on Gold.
A daily candle close below the underlined area will push the prices lower.
The goal for the sellers will be 2220 support.
I will change my bias to bullish, only in case of a violation of a resistance area based on a handle.
If a daily candle closes above that, I will anticipate a bullish continuation.
❤️Please, support my work with like, thank you!❤️
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
A piptastic day on the charts today kicking off the new month with blues.
Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries.
We then stated that we will now wait for this area to support and head for the range above or a further cross and lock below the retracement range will open the swing range.
- This played out perfectly, as ema5 failed to cross below the retracement range; although price broke below the retracement range, ema5 did not, confirming the rejection for the perfect bounce into 2327 with a clean catch of over 100 pips.
We will now look for a break above 2327 to confirm the range above or failure to lock above will follow with a retest back to the retracement 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 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
2354
EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386
EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429
BEARISH TARGETS
2327 - DONE
EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313 - DONE
2294 - DONE
EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE
SWING RANGE
2274 - 2245
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
My Gold Buying ZonesI see bounces from the same resistance line - But no large breakthroughs. To me, a strong sign of support at the fibonacci line of ~1684.32.
The next strong resistances I expect are around ~1834.88 and ~2078.25 respectively (~1834.88 would be a decent ~8.9% profit margin to sell if I wanted to play it safe.).
We could be in for a new ATH pump if we see a resistance break above ~2078.25.
No need to get spooked by a dip; Next fibonnaci support and trend support looks to be around ~1562.64.
This is not trading or investment advice .
Gold: Lower high confirming? Today's focus: Gold
Pattern – Lower High swing point
Support – 2290.50 to 2315
Resistance – 2338.40
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on its daily chart.
Do we have a new swing lower in play after sellers formed a lower high? This could be the case, but we still need some confirmation. In today's video, we have run over our thoughts on the price and possibilities we are looking at.
Currently, the USD does not influence Gold too much, but we have the FOMC and NFP this week. Keep an on these releases.
Good trading.
XAUUSDGold time frame 4 hours
According to our analysis, we expect the price to reach our range and wait for the price reaction from there. In the 4-hour time frame, the trend has changed, so short trades have a higher percentage of profit than long trades. It is better to enter short trades to reach a strong demand range.
GOLD 1H CHART ROUTE MAP 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 2351 resistance and 2333 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2351 to further open the range above or a rejection will follow to find support at 2333. A cross and lock below 2333 will open the retracement range and a further cross and lock below 2316 will open the swing 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 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
2351
EMA5 CROSS AND LOCK ABOVE 2351 WILL OPEN THE FOLLOWING BULLISH TARGETS
2368
EMA5 CROSS AND LOCK ABOVE 2368 WILL OPEN THE FOLLOWING BULLISH TARGET
2388
POTENTIALLY 2408
BEARISH TARGETS
2333
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE RETRACEMENT RANGE
2316
EMA5 CROSS AND LOCK BELOW 2316 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2278
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2354 resistance and 2327 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2354 to further open the range above or a rejection will follow to find support at 2327. A cross and lock below 2327 will open the retracement range and a further cross and lock below 2294 will open the swing 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 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
2354
EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386
EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429
BEARISH TARGETS
2327
EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313
2294
EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE
SWING RANGE
2274 - 2245
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.
Last week we were seeing price test the updated Goldturn ascending channel top and stated that we were likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to retest 2418 and 2504 long term.
As stated we saw the retracement take place and the price test support at at 2325 Goldturn inline with the channel half line. Ema5 5 remained above 2325 confirming the bounce, which we were able to track and trade using our smaller timeframe. A break below the 2325 Goldturn support level will complete the full channel half line test and the potential for a break and lock below the half line to open the levels below until we track to the bottom of the channel or rejection back to re-test the top.
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 algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD WEEKLY CHART MID/LONG TERM PROJECTIONHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.
So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.
LAST UPDATE
Price has maintained above the channel with our final long range target at 2438 still remaining. The extended levels 2475 and 2511 will only activated once we see a close above 2438 .
We would also like to see the price retest support above the channel top also inline with the ema5 detachment highlighted with the circle for a correction. Should price break back into the channel while correction then we will look for price to respect the levels int he channel once again for the bounces inline with our plans to buy dip level to level using our small time frames.
CURRENT UPDATE
This played out perfectly with the test at support above the channel top and detachment to ema5 that we highlighted followed with the perfect bounce allowing us to buy multiple dis using our smaller timeframes throughout the week.
We will continue with this plan until we see a further push up into the levels above or we see price break back into the channel for a further correction for price to respect the levels in the channel once again for the bounces inline with our plans to buy dip level to level using our smaller times.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHO