Xauusd up Gold price pulls back from multi-month peak, downside potential seems limited
Gold price rallied to a three-month peak on Monday and settled at an all-time high, above the $2,100 mark amid bets that the Fed will start cutting interest rates in June. Apart from this, a further escalation of geopolitical tensions in the Middle East turns out to be another factor underpinning the precious metal.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold now buy 2116
Target 2140
Target 2160
SL 2095
Goldtrading
GOLD (XAUUSD): All Time High Soon?! 🥇
Gold successfully broke and closed above a key horizontal daily resistance yesterday.
Our next strong resistance is based on the All Time High.
I believe that the market will keep growing to 2140 level.
I really want to see a pullback first though, to buy the market on a retest
of a broken structure.
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GOLD (XAUUSD) Important Key Levels & Your Trading Plan 🥇
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily.
The market closed on a key horizontal daily resistance.
Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation.
Wait for a confirmed breakout to buy.
Alternatively, we may see a pullback from the underlined structure.
I will monitor a price action on Monday and look for a confirmation to catch a pullback trade.
Let's see how it unfolds!
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GoldViewFX - Gold long term projection and plan.Hey Everyone,
This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top.
We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line.
- THIS PLAYED OUT BEAUTIFULLY!
We then suggested that we will see a reaction on this channel half line for another push up to retest the upper range again.
- Once again this played out accordingly for the push up hitting our Bullish targets once again.
However, the 2080 target was left short just by a few pips so can still be considered open. Since then we saw the new monthly candle come down to attach to ema5 this month also highlighted with a circle on the chart. We are looking for dynamic suport here for a push up. If dynamic support fails to hold price here then we are likely to see price support above 1987.
- Just like we said we got the ema5 detachment complete but no dynamic support. 1987 provided the support and the bounce, as advised previously.
We are likely to see price now play between this big range. A break below 1987 will see the lower half of the channel range open up. However, support above this level inline with the channel half-line will give opportunities longer term to buy dips back into the 2080 level long term.
CURRENT UPDATE
- BOOOOM!!!! Our 2080 target that we have been suggesting and targeting from dips was now hit perfectly last week. We now have 2163, as our long range target to complete this chart idea.
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.
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 DAILY CHART MID TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly.
Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into the channel bottom.
- This played out perfectly with No ema5 cross above 2043 confirming a new Goldlturn below for the rejection into the channel bottom.
We then stated that we are seeing price at support for a bounce or we will need to see ema5 cross below the channel bottom to open 1998 Goldturn test
- This played out perfectly with the ema5 cross and lock below the channel bottom opening 1998, which was hit 2 weeks ago. EMA5 did not cross below 1998, which provided the support for the bounce.
We then stated that if this support holds, we are likely to see a test at 2043 to re - enter the channel dynamics. Failure to test and break the channel again will likely see another dip down keeping in mind we have ma200 sitting below for a long range dynamic support.
- This is now playing out, as last week we saw the 1998 level hold for the bounce like we suggested and now heading towards the 2043 longer range target identified 1 week ago.
This played out perfectly last week with 2043 hit followed with our 2089 axis target to perfection!!!. We will now need to see ema5 lock inside the channel above to confirm a continuation in the new range above or a possible correctional retracement at 2043 for support before we see further challenges and tests above.
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 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price break 2080 leaving a open gap to 2092 but EMA5 is lagging behind. Although we have open target now at 2092, we will need to see ema5 and price meet and attach between 2080 and 2065 for some correction.
We have our retracement range at 2065 - 2052. We will need to see ema5 cross and lock below 2052 to open the swing range.
However, support above the retracement range will likely provide the bounce to retest 2080 and 2092. We will need to see ema5 lock above 2092 to open the range 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 TARGET
2092
EMA5 CROSS AND LOCK ABOVE 2092 WILL OPEN THE FOLLOWING BULLISH TARGETS
2105
2115
BEARISH TARGETS
2080
2065
2052
EMA5 CROSS AND LOCK BELOW 2052 WILL OPEN THE SWING RANGE
SWING RANGE
2033 - 2022
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 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price break into the new range and playing between 2085 resistance and support at 2079 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
A bearish test to support at 2079 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a re-test at 2071,2079 and 2085 Goldturn.
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
2085
EMA5 CROSS AND LOCK ABOVE 2085 WILL OPEN THE FOLLOWING BULLISH TARGETS
2093
2102
BEARISH TARGETS
2079
EMA5 CROSS AND LOCK BELOW 2079 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2071- 2064
EMA5 CROSS AND LOCK BELOW 2064 WILL OPEN THE SWING RANGE
SWING RANGE
2044 - 2036
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
Xauusd up Gold climbs to multi-week high near $2,050 as US yields edge lower
Gold gained traction and advanced to its highest level since early February above $2,040 on Thursday. The benchmark 10-year US Treasury bond yield drops toward 4.2% after US PCE inflation data, providing a boost to XAU/USD.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2046
Target 2050
Target 2055
Target 2060
SL 2036
🟡 GOLD Prices Rally: Traders Eye Bullish MomentumGold prices rallied as traders pushed the market higher, rebounding from a slight dip the previous day. Despite concerns about geopolitical tensions in the Middle East, the precious metal remained within striking distance of a two-week high reached last Thursday. The US Dollar continued to weaken, influenced by declining US Treasury bond yields, which acted as a supportive factor for gold.
Technically, our long-term bias remains bullish, with the potential for a new uptrend contingent on the outcome of key economic data releases such as Durable Goods Orders and CB Consumer Confidence. These indicators serve as leading indicators for production and consumer spending, respectively, highlighting their significance for overall economic activity.
Recent statements from the Federal Reserve, including the release of FOMC meeting minutes and comments from Fed officials, indicated a commitment to maintaining higher interest rates amidst persistent inflation and a strong economy. This stance could bolster US bond yields and the Greenback, potentially limiting aggressive bullish bets on gold.
In conclusion, we are inclined towards a long position on gold with a target set above 2045. However, readers should bear in mind that this is our analysis and not financial advice.
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another fantastic finish to the week smashing all our Bullish targets and strategically taking our buys from every dip.
Yesterday we stated after completing 2044 and 2048 targets, that we will be looking for ema5 to lock above 2048 to open 2055 and potentially 2064.
- We got the cross and lock above 2048 confirming 2055 and 2064, which were both hit today, completing our chart idea to perfection!!!
BULLISH TARGETS
2036 - DONE
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044 - DONE
2048 - DONE
EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055 - DONE
POTENTIALLY 2064 - DONE
We will now come back Sunday with our multi timeframe analysis, gold route map and trading plan for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
gold upGold News: ReadFrom a technical perspective, the overnight breakout through the $2,040-2,042 horizontal resistance was seen as a fresh trigger for bullish traders. Moreover, oscillators on the daily chart have been gaining positive traction and support prospects for an extension of the recent goodish rebound from the YTD low, around the $1,984 region touched in February. Hence, a subsequent strength towards the next relevant hurdle near the $2,065 region, en route to the $2,100 round figure, looks like a distinct possibility. the Latest Analysis on XAU/USD gold buy 2074 TP1 2080 TP2 2090 TP3 2100 SL 2050
Xauusd buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold buy now 2053
Target 2057
Target 2061
Target 2070
SL 2040
🥇Gold🥇is Ready to Pump Again💡After breaking the Support line , Gold managed to attack the Resistance lines with a Bullish Marubozu Candle .
🌊Regarding Elliott wave theory , Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C .
🔔I expect Gold to start rising again from the 🟡 Potential Reversal Zone(PRZ)($2,045_$2,041) 🟡 and the main wave C in the first target can finish near the upper Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD (XAUUSD): Technical Outlook & Important Things to Watch 🥇
Gold remains very weak for 2 weeks.
Analysing a daily time frame, we can see that the market is consolidating and trading
within a very narrow range.
The last 4 daily candles are even trading within the range of a strong bullish candle.
That is a perfect example of inside bar formation.
Depending on the reaction of the price to the boundaries of that range,
I see 2 potential scenarios.
If the price breaks and closes below a 2015 level - the support of the range,
for us, it will be a strong bearish confirmation.
A bearish continuation will be expected at least to 1992 level then.
Alternatively, bullish breakout of 2044 will be a strong bullish signal,
that will push the prices at least to 2054.
Following my previous analysis, I remain bearish biased on Gold and bearish scenario
is more highly probable, but let's see.
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XAUUSD: LH on the Channel Down formed.Gold has reached the top of the 4H Channel Down pattern, while the 4H MA50 and the 4H MA200 just formed a Golden Cross. Despite that, and as long as the 1D technical outlook isn't bullish (RSI = 54.450, MACD = -0.200, ADX = 28.783) but more importantly the price is inside the Channel Down, the sentiment remains bearish. The 4H RSI is on the same kind of Bearish Divergence as it was on all prior LH tops, which prompts to the strongest sell signal possible on the medium-term aimed at the S2 level (TP = 1,975), potentially a -3.95% decline as the last LL.
See how our prior idea has worked out:
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Gold buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold price (XAU/USD) continues with its struggle to gain any meaningful traction on Wednesday and remains confined in a multi-day-old trading range at around $2,030. Thursday's PCE inflation data from the US could trigger the next big reaction in the pair.
Gold now buy 2030
Target 2035
Target 2040
Target 2050
SL 2020
How to Analyze Daily Time Frame on Gold. 5 Important Things
There are 5 important things that you should analyze on Gold on a daily time frame to accurately predict long term, midterm and short term movements.
In this article, I will share with you a step-by-step guide for daily time frame analysis that you can apply on Gold or any other financial instrument.
1 - Identify the market trend
When you analyze a daily time frame, you should identify long term, midterm and short term market trends.
Long-term trend is based on the analysis of one year long price action.
In the example above, Gold is trading in a long term bullish trend because the price keeps setting new higher high and new higher lows during the year.
Midterm trend is based on the analysis of a price action for the last 4–5 months.
Above, we can clearly see that a mid-term trend is bullish because again, the price sets new higher highs and higher lows over time.
Short-term trend is based on the analysis of price movements for the last 2 months.
Short-term price action is also bullish on Gold, with a clear sequence of higher highs and higher lows.
According to the trend analysis, long-term, mid-term and short-term trends are bullish.
2 - Identify the directional bias
The directional bias defines a highly probable future direction on the market.
In our example, we can anticipate that Gold will keep growing among all the dimensions: long-term, mid-term and short-term.
3 - Execute structure analysis
Identify important historic horizontal and vertical structures.
That will be the points from where you should look for trading opportunities.
When you analyze key levels, identify the structures that are lying close to the current price levels.
Make sure that all the structures that you spotted were respected by the market in the past.
4 - Look for price action patterns
Price action patterns are the language of the market.
Proper identification of the patters will help you correctly understand the intentions of the market participants.
You can see that a bearish breakout of a rising channel triggered a correctional movement on the market.
Gold started to fall steadily within a bullish flag pattern and after it tested a key support, the price violated the resistance of the flag.
5 - Analyze candlesticks
Candlestick patterns can provide extra clues and confirmations.
You can see that the market formed multiple rejections from key support, an inside bar formation and bullish engulfing candle.
Violation of the inside bar to the upside with a strong bullish candle is an important bullish signal.
Combining trend analysis, structure analysis, price action and candlestick analysis, and you can make predictions and look for trading opportunities.
You can also make your analysis even more sophisticated, for example, analyzing fundamental analysis or applying technical indicators.
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gold confirm buyGold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD finished the session around $2,0Forecasts suggest January's core PCE increased 0.4% month-over-month, resulting in a slight deceleration of the annual reading from 2.9% to 2.8%. However, traders should brace for the possibility of an upside surprise in the data, echoing the trends observed in the CPI and PPI surveys disclosed earlier this month. This could inject volatility into financial markets gold30, slightly below a confluence resistance zone near $2,035. gold now buy 2035 tp1 2040 tp2 2045 tp3 2050 tp4 2055 tp5 2066
xauusd upGold retreats below $2,030 as US yields edge higher
Gold lost its traction and retreated below $2,030 in the American session on Monday. The benchmark 10-yea r US Treasury bond yield recovers toward 4.3% after spending the first half of the day in the red and weighs on XAU/USD. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. gold now buy 2027 tp1 2031 tp2 2040 tp3 2050
Xauusd Short Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
Gold now 2033
Target 2037
Target 2041
Target 2050
SL 2021