GoId Next Vision - 26-03-2024Hey AII
I hope this emaiI finds you weII
Gold is currently in a good buying zone, but there's a different view. For my opinion picture it like navigating the Bermuda Triangle – mysterious and unpredictable. If it breaks down, it could drop to 2120.500. The price-to-earnings ratio (PE) is around 2178, indicating uncertainty. Yet, there's a solid support level (SL) at 2186.500. This situation offers both risk and opportunity, like finding hidden treasures in a maze.
Good Iuck and have a good day
Goldtrading
xauusd longGold drops below $2,170, clings to small weekly gains
Gold trades deep in negative territory below $2,170 on Friday as the persistent USD strength doesn't allow XAU/USD to benefit from declining bond yields. The pair still looks to post small weekly gains after having pulled away from the record high it set above $2,220 on Wednesday.
Gold Price: Current Pricing, Prices Chart & Rate Graph
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 2165
TP1 2170
TP2 2180
TP3 2200
SL 2140
Weekly Gold Outlook 24/03/2024Recently we have seen the price of gold push high to 2200 regions - breaking new highs and extending gains. We see divergence on the 4hr chart and possible MACD crossings on the daily which may indicate a possibly roll reversal into this week and the start of April.
We remain bulls on this pair and look for pull backs taking price back to the highs with fib levels below at support.
Our rules for engagement:
- Daily price must be above 200MA
- 1hr 4hr chart intraday trades using MA cross-over and MACD signals
Conditions are not yet favourable on these time frames for long entries so we wait below for a better price.
GOLD 1 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 play between two structures, support at 2158 Goldturn and resistance at 2169 Goldturn.
We are looking for a bullish test on 2169 and a break and lock above 2169 will open the range above. We also have a immediate bearish test at 2158 and a break and lock below 2158 will open the retracement range and a further break below the retracement range will see the swing range open.
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
2169
EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175
2181
BEARISH TARGETS
2158
EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE
2148
EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE
SWING RANGE
2138 - 2125
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 4 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 play between two Goldturn levels, support at 2153 Goldturn and resistance at 2180 Goldturn.
We are looking for either a bullish test on 2180 on this chart and a break and lock above 2180 will open the range above. However, we also have a immediate bearish test at 2153 and a break and lock below 2153 will open the retracement range and a further break below the retracement range will see the swing range open.
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
2180
EMA5 CROSS AND LOCK ABOVE 2180 WILL OPEN THE FOLLOWING BULLISH TARGETS
2196
2223
BEARISH TARGETS
2153
EMA5 CROSS AND LOCK BELOW 2153 WILL OPEN THE RETRACEMENT RANGE
2125
EMA5 CROSS AND LOCK BELOW 2125 WILL OPEN THE SWING RANGE
SWING RANGE
2101 - 2078
EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2052 - 2042
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 for a while now, which is playing out and respecting dynamics perfectly over the last few months.
Last update we saw ema5 lock inside the channel and level to level all the way into the channel top completing the channel with a perfect finish respecting the channel top to perfection.
We then highlighted that we are now 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 2205 and 2237 long term.
- This is currently playing out perfectly, as we saw the rejection and play into the retracement area for the correction, inline with the channel half-line support, which we expect some support for a bounce and then continuation onto channel top. Failure to support above and a break and lock below the channel half line will see price look for support at the lower range of the channel bottom before we see the bounce back into the channel half line.
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 (XAUUSD): Sticking to The Plan! 🏆
The structure support that we spotted earlier on Gold
remains respected and we saw a strong bullish movement from that this week.
Feels like this bullish spike is just a manipulation.
Next week, we will most likely see a test of an underlined blue support one more time.
As I previously said, its bearish breakout will be an important event
that will signify the initiation of a correction movement.
Daily candle close below that will confirm a violation.
A bearish continuation will be anticipated to 2090 support then.
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GOLD road to $2200+ BATTLING INFLATIONGold , known as "the safest hedge against inflation" is looking promising with the current banking crisis occurring. People are scared of banks and see Gold as a safest investment as a store of value without relying on the banks or without having USD.
Some economical factors that influence the price of GOLD with the current inflation at 5%:
-Inflation hedge: As I mentioned earlier, gold is often viewed as a hedge against inflation. When inflation rises, the value of fiat currencies can decrease, but gold tends to retain its value. This can make gold an attractive investment in times of high inflation, as it can help investors preserve their purchasing power.
-Weak US dollar: When the US dollar is weak, the price of gold in US dollars tends to rise. This is because gold is priced in US dollars on global markets, so a weaker dollar makes gold relatively cheaper for investors using other currencies. In other words, a weak US dollar can support demand for gold and increase its price.
-Geopolitical risks: Gold is often seen as a safe haven asset in times of geopolitical uncertainty or market volatility. If there are concerns about political instability, trade tensions, or other risks that could disrupt global markets, investors may seek out gold as a way to diversify their portfolios and reduce risk.
-Central bank policy: If central banks engage in policies that devalue currencies or reduce interest rates, this can increase demand for gold as an alternative store of value. For example, if the Federal Reserve were to keep interest rates low for an extended period, this could support the price of gold.
-
Supply and demand: Gold is a finite resource, and new sources of gold production are becoming harder to find. If demand for gold increases while supply remains relatively constant, this could support the price of gold.
Golds out look for next week. On Friday, we observed a descent to the 4-hour demand zone, concluding with a precise closure at 2156, followed by a bullish surge in the final four hours. This entry point aligns with our anticipation of reaching all-time highs, driven by the bullish flag pattern identified earlier.
Beneath this demand zone lies a critical support level, tested four times, displaying robustness alongside a closely tracked trend line. Absent a break and retest of both, there's no compelling reason to consider selling. Considering the bullish long-term outlook for gold amidst geopolitical tensions and a weakening dollar, downside prospects appear limited for now.
Continuing our buying strategy, our focus remains on gold surpassing its pivot point at 2177, then targeting resistance levels between 2180 and 2185. Friday's attainment of 2180 resulted in a 200-pip descent to our demand zone, presenting an opportune bounce area for scalping. A breakout beyond this level, followed by a retest, signals a robust buy opportunity towards the subsequent resistance at 2200.
To confirm a bearish sentiment, we await the breach of the trend line, coupled with a break below the 2152.45 support level, followed by a retest, before considering sales.
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another great finish to the week with all our multi timeframe chart ideas playing out perfectly hitting all our targets
Yesterday we completed our bullish targets 2190 and 2206 after confirmation lock of EMA5 above 2171. We then highlighted that failure to now lock above 2206 will follow with the rejection into 2171 and a break below to then 2151.
This has truly played out perfectly once again in true level to level fashion, allowing us to track and trade the movement up and own.
BULLISH TARGETS
2171 - DONE
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190 - DONE
2206 - DONE
Once again we will now come back Sunday with our multi time analysis, gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!!
Mr Gold
GoldViewFX
XAUUSD: Top is in. Targeting 2,055.Gold has had a strong rally after holding the 1W MA50 on the week of February 12 2024 and remains almost overbought on its 1W technical outlook in the past three weeks (RSI = 68.498, MACD = 43.750, ADX = 37.013). The grand pattern on 1W has been a Channel Up dating back to late 2019. As shown on the chart, the last two HL were on the 1W MA50 and 1W MA200 respectively, indicating a healthy long term uptrend.
Since March 2022 however, every time the 1W RSI reached the overbought 70.000 level, it was a Sell Signal. This time the price has even breached the 0.786 Fibonacci level, as it did on March 7th 2022. The minimum retrace on such a signal has been -7.59%. This is what we are aiming for (TP = 2,055) and potentially we may see a close contact with the 1W MA50 near that level. Basically all corrections inside the Channel Up have hit the 1W MA50.
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THE KOG REPORT - The week ahead for GOLDTHE KOG REPORT
In last week’s KOG Report we said we would be looking for the price to retest the new highs created, and as long as the price wasn’t beaten, we would be looking to short the market back down into the 2165 levels and below that 2150. As you can see, we have another point to point move, with a low set in at 2150 for the week, giving the perfect short. We had planned the levels to go long in the KOG Report, and during the week we said we would stick with our plans to long the market from the level shown on the chart, which again gave us a tremendous pip capture into the resistance level.
A fantastic week on Gold, with Excalibur playing it’s part as well KOG’s levels and bias for the day and week completing. Not only on Gold, but the numerous other pairs we analyse, share and trade.
So, what can we expect in the week ahead?
This week is an important week on the markets with lots of news the later part of the week, mainly the big one on Wednesday being FOMC. We could see an aggressive start to the week with price again wanting for establish a baseline pre-event, so we’ll be looking for spikes in either direction until we settle. To start the week we have a support level below 2145-7 which if attacked and supported could give an opportunity to long the market back up towards the levels of 2165-7 which ideally what we want to see. Now, this price point is important, as an extension of the move can lead into the 2170-75 region, but we must stay below this level if bears want to again attack the lower levels again. So, for that reason, it’s this level that we will potentially want to see a short opportunity develop back down into the 2150 level and below that 2145. We'll access price action if we get to these levels.
For this week we’re giving the range of 2210 resistance and 2135 support, which is huge and price definitely has potential to play it. There is an order region 2172-2152 which is where we could see accumulation pre-event, so please be mindful of this and try not to get caught trading mid-range.
Please note, price breaking above that 2175 level and holding will result in that 2210 region being attempted and price breaking below 2145 will see us getting a deeper pullback into the 2110-15 region before another RIP in the making!
KOG’s bias for the week:
Bearish below 2175 with targets below 2150 and below that 2145
Bullish on break of 2175 with targets above 2195 and above that 2210
The market will always give you opportunities, either to get in, get out, or to manage your trades, so please make sure your money and risk management is up to scratch if you’re trading these markets.
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
Gold will make new record what you think Personal suggestion for you
Gold price trend to continue Buy during session
It is expected that price will continue in the Buytrend
and can approach the price range of 2083
Gold setup price 2083
1st Gold Target. 2106
2nd Gold Target 2146
Note:
Always wish you to manage your capital safe
Take small lots which suits your capital
The winner is the one who sticks with the market
Give us like and support us
Gold: pressure building ahead of Fed rate decision Gold volatility is slowing, and tension building as the Fed announcement gets closer.
Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable.
However, with gold being priced in US dollars, all eyes are on the Federal Reserve's interest rate decision scheduled for Wednesday.
While no rate cut is expected this month, traders will be looking for news on a June cut. The likelihood of a 25-basis-point rate cut in June has decreased by more than 20% recently, and now stands at about 50%.
Beyond the rate decision announcement, traders are particularly interested in the 'dot plot,' which shows individual FOMC members' interest rate forecasts. Should the central bankers maintain the 'dots' relatively unchanged, it could bode well for gold, especially considering the ongoing inflationary pressures indicated by recent CPI and PPI data have some analyst thinking that June is too soon for the Fed to be comfortable with a cut.
Gold continues to trade significantly above its 100- and 200-day moving averages. However, the 50-day moving average is possibly suggesting a limit to its short-term bullish momentum.
Meanwhile, the benchmark 10-year US Treasury bond yield remains stable above 4.3% in anticipation of the Federal Reserve event, preventing XAU/USD from gaining traction for now.
GOLD: Short Opportunity with 1:3 Risk-Reward RatioTechnical Analysis
Chart Pattern: Identified a potential Quasimodo (QML) pattern, suggesting a bearish reversal.
Indicators: Price has retraced to the Fibonacci 78.6 - 88.6 zone, a common area for trend reversals to occur. This confluence with the QML pattern strengthens the potential sell signal.
GOLD UP The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which measured between $1,984.03 and $2,195.22 at $2,145.17. The same chart shows technical indicators have turned flat around overbought levels after correcting extreme readings, suggesting sellers have no say. At the same time, moving averages develop far below the current level, with the 20 Simple Moving Average (SMA) heading north almost vertically far above the longer ones.
Gold price struggles to capitalize on the previous day's bounce from the $2,145 region and oscillates in a range during the Asian session on Tuesday. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside.
Gold now buy 2156
Target 2185
SL 2136
GOLD (XAUUSD): Important Key Levels to Watch This Week 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 2182 - 2195 area
Support 1: 2143 - 2148 area
Support 2: 2077 - 2088 area
Support 3: 2054 - 2065 area
Support 4: 2035 - 2044 area
Consider these structures for pullback/breakout trading.
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XAUUSD - GOLD 1hrSimple trading:
Fibb on impulse
We look to sell gold for a correction. This isn't a trend reversal, just a pull back. Let's take advantage of a potential sell.
Key support areas:
1. Daily support (grey line)
2. Fibb .382
3. Fibb .5
4. Fibb .618
SELL Confirmations:
1. No high higher
2. Weekly Res Confirmed
3. Triangle Break and retest
GOLD UPGold gained traction and advanced toward $2,160 after spending the first half of the day in a tight channel near $2,150. With the benchmark 10-year US T-bond yield rising above 4.3% in the session, however, XAU/USD struggles to gather bullish momentum.
The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which measured between $1,984.03 and $2,195.22 at $2,145.17. The same chart shows technical indicators have turned flat around overbought levels after correcting extreme readings, suggesting sellers have no say. At the same time, moving averages develop far below the current level, with the 20 Simple Moving Average (SMA) heading north almost vertically far above the longer ones.
According to the 4-hour chart, the bullish potential seems limited in the near term. XAU/USD is meeting sellers at around a flat 20 SMA, although the longer moving averages head firmly north, far below the current level. Technical indicators, in the meantime, lack directional strength within neutral levels.
Support levels: 2,163.40 2,176.50 2,195
Resistance levels: 2,145.10 2,134.70 2,119.94
Gold now buy 2160
Target 2165
Target 2170
Target 2175
Target 2180
SL 2140
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 play between two structures and testing support at 2155 Goldturn with a retracement range just below at 2147 weighted level. If we see the 2155 hold then price will head towards our Bullish target at 2166 and a break and lock above 2166 will see the range above open for a test.
If 2155 Goldturn support breaks into the weighted retracement range, we will be looking for a bounce from there and if we see a cross and lock below the retracement range then we are likely to see the swing range open.
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
2166
EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175
2182
BEARISH RETRACEMENT TARGETS
2155
2147
EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE
SWING RANGE
2137 - 2129
EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2113
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 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 play between two structures, support at 2151 Goldturn and resistance at 2171 Goldturn.
We are looking for a bullish test on 2171 and a break and lock above 2171 will open the range above. We also have a immediate bearish test at 2151 and a break and lock below 2151 will open the retracement range and a further break below the retracement range will see the swing range open.
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
2171
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190
2206
BEARISH RETRACEMENT TARGETS
2151
EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE
SWING RANGE
2101 - 2078
EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2052 - 2042
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