Get started

Goldtrading

Best Trend Following Strategies for Gold. XAUUSD Day Trading The recent bull run on Gold is a perfect example of a strong trending market. For traders, such sentiment always provides very profitable trading opportunities. In this article, I will share with you 3 best trend-following strategies for day trading Gold that showed extremely high performance this year. So what I did, I back tested 4H/1H time frame since the middle of February when the bull market started. I tested various strategies: price action, SMC, multiple indicators, candlestick patterns ; and I was looking for the ones that showed the highest accuracy and profitability. 1. Moving Averages Crossover The first strategy that showed a very high performance was based on a crossover of 2 moving averages. Exponential MA with 30 length. Simple MA with 9 length. For entry signal, Simple MA should cross Exponential MA from the downside and a candle should close above both MAs'. Stop loss will be below the closest horizontal support. The setup is considered to be profitable if, after the entry, the price moved up at least by pips distance from entry to stop loss. 13 setups we spotted. 9 of them were profitable. Total winning rate is 69%. 2. Trend-Following Patterns The second strategy that showed a very high performance was based on classic price action patterns. I was looking for bullish patterns like bullish flag, falling wedge, horizontal range, double bottom, head and shoulders, ascending triangle, cup & handle. Bullish confirmation was a breakout and a candle close above a neckline of the pattern. The pattern is considered to be losing if after the breakout of the neckline, the price dropped below its lows. The pattern is considered to be profitable if, after the entry, the price moved up at least by pips distance from entry to stop loss. From 14th of February to 8th of April, I found 37 bullish patterns. According to the rules that I described above, 31 pattern turned out to be profitable. That gives 83% winning rate. 3. Break of Structure (BoS) The Break of Structure strategy is very old and based on breakouts of current highs. In a bullish trend, after the price violates the levels of a current Higher High HH, a bullish continuation is expected. A long trade is opened after the candle closes above HH or on a retest. With such a strategy, Stop Loss is lying below the last Higher Low HL. The setup is considered to be profitable if, after the entry, the price moved up at least by pips distance from entry to stop loss For the same period, I identified 21 Breaks of Structure. According to the rules, 18 setups were profitable. Total win rate is 85%. Remember that you should not overestimate the performance of these strategies. They work perfectly only in times of a strong bullish market. Such periods are extremely rare. However, once you see a strong bullish season, these strategies will help you to get maximum from it. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
10
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 test 2390 Goldturn between two weighted level range. We have 2390 Goldturn resistance and 2378 Goldturn support weighted levels. 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 2390 to confirm the range above. We also have 2378, 2364 and 2355, as the retracement area and will need ema5 lock below this to 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. EMA5 CROSS AND LOCK ABOVE 2390 WILL OPEN THE FOLLOWING BULLISH TARGET 2403 EMA5 CROSS AND LOCK ABOVE 2403 WILL OPEN THE FOLLOWING BULLISH TARGET 2414 2425 BEARISH TARGETS 2378 EMA5 CROSS AND LOCK BELOW 2378 WILL OPEN THE FOLLOWING BEARISH TARGETS BEARISH TARGETS 2364 2355 EMA5 CROSS AND LOCK BELOW 2355 WILL OPEN THE SWING RANGE SWING RANGE 2333 - 2322 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
19
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 2397 Goldturn resistance and 2385 and 2376 as Goldturn support levels with 2397, as weighted resistance and 2376, as weighted 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 2397 open gap and will need ema5 to lock above 2397 to confirm the range above. We also have 2376 as the weighted support area and will need ema5 lock below this level to open the retracement 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 2397 EMA5 CROSS AND LOCK ABOVE 2397 WILL OPEN THE FOLLOWING BULLISH TARGET 2416 EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET 2425 2437 BEARISH TARGETS 2385 2376 EMA5 CROSS AND LOCK BELOW 2376 WILL OPEN THE FOLLOWING BEARISH TARGETS BEARISH TARGETS 2360 2346 EMA5 CROSS AND LOCK BELOW 2346 WILL OPEN THE SWING RANGE SWING RANGE 2316 - 2302 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 DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure. Last week we stated that we will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range. - We now have a cross and lock above 2355 leaving a gap to 2405. We have marked the charts with the 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
10
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the last month candle opened in a central range with room above and below for the updated detachment to complete, which we highlighted circles and also room above to re-test the new open range. The detachment with the circle still remains and is always a reminder for us to manage our exposure to market while chasing the Bull long term, as one brutal correction at anytime can shock any setups. Tis chart keeps us grounded to always respect our exposure enough to be able to manage long term swings and use them to our advantage to buy dips. Last monthly candle left a nice body close above 2360, leaving a long range gap open to 2421. 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. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
FOREXCOM:XAUUSD
by Goldviewfx
6
GOLD 4H CHART MARKET UPDATEHey Everyone, Please see update on our 4H chart idea we shared on Sunday. This chart idea has also played out to perfection. We started with our 2337 open gap, followed with ema5 lock opening the range above at 2346, 2353 and 2360. - All 3 targets were hit!! We then had ema5 cross and lock above 2360, opening 2376 our final target on this chart. This target was also hit perfectly!!! BULLISH TARGETS 2337 - DONE EMA5 CROSS AND LOCK ABOVE 2337 WILL OPEN THE FOLLOWING BULLISH TARGET 2346 - DONE 2353 - DONE POTENTIALLY 2360 - DONE EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET 2376 - DONE As always, we will now come back Sunday with our Multi time-frame analysis, Gold route map and our trading plans for the week ahead. Have a great weekend and once again, thank you all for the likes, comments and follow, we really appreciate it!!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
THE KOG REPORT - NFPTHE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Before we start, remember, the trade comes after the event, let them move the price to where they want and then look for a set up to get in. We’ve highlighted the key levels this time with the potential path due to the range being so big, and yes, we’re still in the range believe it or not! So, for that reason, we have the extreme level of support below 2340-45 and below that 2335 which is also our bias level. If targeted and held, a bounce here could be on the cards with a move to continue upside and higher up. This is a key level, if broken, we complete the move downside again more likely to target the 2320 region, so please play caution. Our ideal scenario here is for them to take the price upside, first level of importance 2380-85 which needs to break for us to go higher and target the 2400 level which will then give us the extreme level 2405-10 which is where we feel the stretch can go and that’s where the ideal short will come from, most probably next week. It’s a difficult one to navigate but the range is still in play and the extreme levels are worth taking note if there is huge volume and a curve ball. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
2
GOLD ROUTE MAP UPDATEHey Everyone, This is an update from the XAUUSD chart idea we shared for this week. Absolutely smashed !!!!! We got our retracement into the identified level and then the perfect bounce clearing all our Bullish targets. Cross and lock above each weighted levels on this idea gave the confirmation for each of our targets, which were hit perfectly. We are now seeing a break above 2364 with a gap open to 2376. We have already completed this chart idea and due to NFP will not be chasing the bull from the top and will only consider from dips 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 2332 - DONE 2339 - DONE EMA5 CROSS AND LOCK ABOVE 2339 WILL OPEN THE FOLLOWING BULLISH TARGET 2349 - DONE POTENTIALLY 2354 - DONE EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGET 2364 - DONE 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
OANDA:XAUUSD
by Goldviewfx
8
GOLD (XAUUSD): Technical Outlook Ahead of the News Gold is currently retesting a recently broken trend line on a daily. On a 4h time frame, we can see that the market is consolidating and trading within a horizontal range. I will wait for a bearish breakout of a support of the range as a strong bearish confirmation. A 4h candle close below 2318 will confirm the violation. A bearish continuation will be expected at least to 2300 then. Alternatively, a bullish breakout of the resistance of the range may push the prices higher. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
4
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 price between two weighted levels. We have 2337 Goldturn resistance and 2325 and 2316 as Goldturn support levels with 2337 as weighted resistance and 2316 as weighted 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 2337 open gap and will need ema5 to lock above 2337 to confirm the range above. We also have 2316 as the retracement area and will need ema5 lock below this level to 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 2337 EMA5 CROSS AND LOCK ABOVE 2337 WILL OPEN THE FOLLOWING BULLISH TARGET 2346 2353 POTENTIALLY 2360 EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET 2376 BEARISH TARGETS 2325 2316 EMA5 CROSS AND LOCK BELOW 2316 WILL OPEN THE FOLLOWING BEARISH TARGETS BEARISH TARGETS 2309 2302 EMA5 CROSS AND LOCK BELOW 2302 WILL OPEN THE SWING RANGE SWING RANGE 2290- 2284 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD ROUTE MAP UPDATEHey Everyone, Awesome finish to the week today with our final target at 2339 complete with the perfect exit before the rejection. We were able to track the movement down all the way into the swing range with cross and lock confirmation below 2312. We also had ema5 cross and lock above 2330 leaving the gap to 2339 open, giving us the confidence to buy dips throughout the week into our final target today. 2349 was a potential momentum target and not one to chase now. BULLISH TARGETS 2323 - DONE 2330 - DONE EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET 2339 - DONE BEARISH TARGETS 2312 - DONE EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 - DONE As always, 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 all!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP UPDATEHey Everyone, A PIPTASTIC day on the chart today buying dips in style form our swing range. Yesterday we had the swing range activate and hit perfectly and it did exactly what it says on the tin, by giving the swing bounce into the next Goldturn and we were looking for the complete movement into 2312. - The full swing was completed today and now a continuation into 2330 weighted Goldturn. We are seeing a rejection here currently and will need to see ema5 cross and lock to re-confirm the 2339 outstanding target from previous gap. 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 2323 - DONE 2330 - DONE EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET 2339 POTENTIALLY 2349 BEARISH TARGETS 2312 - DONE EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 - DONE 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
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the chart with our level to level tracking and trading out as analysed. Yesterday we advised that we were playing in an extended range with a gap above at 2339 and the retracement gap below at 2312. We got the retracement level hit at 2312 followed with a cross and lock below opening the swing range. - The swing range was hit perfectly and did exactly what it says on the tin by giving the swing bounce perfectly into the next Goldturn allowing us to strategically buy dips from the weighted levels. We will now look for ema5 to cross and lock above 2302 to complete movement into 2312. Failure to lock above this level will see swing range tested again. A break below the swing range will open the range below into 2285. 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 2323 - DONE 2330 - DONE EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET 2339 POTENTIALLY 2349 BEARISH TARGETS 2312 - DONE EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 - DONE 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
OANDA:XAUUSD
by Goldviewfx
15
GOLD ROUTE MAP UPDATEHey Everyone, A choppy day on the charts today with 2330 broken leaving a gap open to 2339. We got the push up into 2337 and just fell short by 20 pips leaving 2339 gap open. The rejection tested the Goldturn support below with 2323 providing the bounces, as advised yesterday. We are now plying in an extended range with a gap above at 2339 and the retracement gap below at 2312. 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 2323 - DONE 2330 - DONE EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET 2339 POTENTIALLY 2349 BEARISH TARGETS 2312 EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 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
OANDA:XAUUSD
by Goldviewfx
10
Gold's Next Chapter: Technical Insights and Market TrendsGOLD (SPOT) – technical overview The 2019 breakout above the 2016 high at 1375 was a significant development, opening the door for fresh record highs and this next major upside extension into the 2500-3000 area. Setbacks should now be well supported above 2000 on a monthly close basis. R2 2451 – 20 May Record high – Strong R1 2388 –7 June high – Medium S1 2277 – 3 May low – Strong S2 2223– 21 March high – Strong GOLD (SPOT) – fundamental overview The yellow metal has pushed record highs in 2024 with solid demand from medium and longer-term accounts. These players are more concerned about inflation, geopolitical risk and a less upbeat global growth outlook. All of this should keep the commodity well supported, with many market participants also fleeing to the hard asset as the grand dichotomy of record high equities and record low yields comes to an end. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
BLACKBULL:XAUUSD
by BlackBull_Markets