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XAUUSD: There is nothing to stop it from reaching 2,800Gold is overbought on all long term timeframes, 1D (RSI = 79.774, MACD = 65.910, ADX = 64.635), 1W (RSI = 78.920, MACD = 78.590, ADX = 45.450) even on the 1M technical outlook (RSI = 72.546, MACD = 91.920, ADX = 43.804). This doesn't mean that a technical correction is bound to come soon but on the contrary that this is a very strong cyclical trend that is more likely to continue. The prevailing pattern is a Channel Up that started on the August 2018 bottom. Currently the price has crossed over the Channel's middle and proportionally we are on a similar situation as February 2020. Ignoring March's COVID crash, Gold extended its rise after a consolidation above the Channel's middle and then peaked at +77.21% from the bottom. Consequently we expect an aggressive rise on this second half of the Channel and we are targeting near its top, close to +77.21% (TP = 2,800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
3
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Yesterday we hit the 2364 target completing this chart idea. This followed with the rejection into 2338 and 2324, as no further lock above 2364, which is a good area of weighted support providing plenty of bounces inline with our plans to buy dips. If this level holds we are likely see another attempt at the levels above for a test should 2324 now hold, or a break below 2324 will open the retracement range. As stated yesterday failure to lock below 2338 and 2324 will establish support above this range for another retest at the ATH. 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 2338 - DONE EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 - DONE 2364 - DONE BEARISH TARGETS 2324 - DONE 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET 2278 EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 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
OANDA:XAUUSD
by Goldviewfx
12
What could stop gold’s bullish momentum? The end of the week brings a host of significant data releases, including the US Consumer Price Index (CPI), the FOMC minutes from the March meeting, and interest rate decisions from both the Bank of Canada and the European Central Bank (ECB). Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox (link below). A hot CPI print may provide support for the US dollar and potentially limit gold’s climbs, or at least give some pause (or pullback) to allow for an entry point. Yesterday the Bank of America raised its gold outlook, expecting the metal to average $2,500 an ounce by Q4. An interesting note came from the Former St. Louis Fed President James Bullard (note included in FOMC meeting minutes, but interesting nonetheless) who said that the US Fed could already justify a rate cut on the data it currently has, but because it has time on its side, it probably will probably wait. Based on the daily chart, overbought conditions could potentially start to exert pressure on XAU/USD. The 20-day Simple Moving Average (SMA) is positioned more than $100 below the current trading price, albeit still well ahead of the 50-, 100-, and 200-day SMAs.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another Piptastic day with our chart idea completed with our final target at 2364 HIT. Once again you can see how well our levels were respected in a range where no one has any existing levels to go by, but our averaged levels are being respected to perfection like magic!!! After yesterdays rejection into 2324, where price found support, as suggested for a retest of the levels above. We got the ema5 lock above 2338 Goldlturn weighted level opening and confirming 2353 and 2364. - Both these targets were hit perfectly today!! After completing 2364 to perfection, we are now seeing price reject here into 2338 to change resistance into support for the bounce. We may see another attempt at the levels above for a test should 2338 now hold, as support or failure to re-attempt will open the levels below for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2338 and 2324 will establish support above this range for another retest at the ATH. A break below these two support levels will open the retracement range for the bounce. 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 2338 - DONE EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 - DONE 2364 - DONE BEARISH TARGETS 2324 - DONE 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET 2278 EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 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
OANDA:XAUUSD
by Goldviewfx
16
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Great start to the week with our chart idea playing out perfectly. Once again you can also see how well our algo generated levels are being respected in a range where no one has any existing levels to go by but our averaged levels are being respected like historical levels. We got our Bullish target at 2338 hit and with momentum also 2353. However, as you can see ema5 failed to cross above 2338 weighted level, as highlighted yesterday confirming the rejection for price to drop into 2324 for support for the bounce. We may see another attempt at 2338 for a test or failure to re-attempt will open the retracement range for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2278 or 2240 will establish support above these ranges for re-tests on the levels above once again. 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 2338 - DONE EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 - DONE 2364 BEARISH TARGETS 2324 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET 2278 EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 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
OANDA:XAUUSD
by Goldviewfx
11
GOLD 1H CHART 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 2324 and 2338 on market close on Friday with 2338 open as a gap. This is a level of resistance and will need ema5 to cross and lock above 2338 to open the range above. Failure to break the resistance structure will open the retracement range for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2278 or 2240 will establish support above these ranges for re-tests on the levels above once again. 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 2338 EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS 2353 2364 BEARISH TARGETS 2324 2299 EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE SWING RANGE 2206 EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE SWING RANGE 2258 - 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
OANDA:XAUUSD
by Goldviewfx
16
GOLD 4H CHART 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 challenge and break 2326 resistance with a body close gap opening to 2348. However, we have a detachment below at 2311 and will need ema5 to lock above 2326 to confirm and solidify the targets above. We have a retracement range between 2293 - 2274 and a break and lock below 2274 will open the swing range and a further break and lock below the swing range will see the Goldturns tested 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 2348 EMA5 CROSS AND LOCK ABOVE 2326 WILL OPEN THE FOLLOWING BULLISH TARGETS 2348 2367 BEARISH TARGETS 2311 2293 2274 EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE SWING RANGE 2242 - 2218 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
FXOPEN:XAUUSD
by Goldviewfx
6
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey 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. Our long term swing range gave the perfect swing into hitting all our bullish targets with our last target hit at 2313. We are now seeing price break out of the channel with a candle body close gap open to 2360. However, we will need to see ema5 break out of the channel for further continuation above the channel with 2438, as our long range/term target. Failure of ema5 to break outside the channel will see price back into the channel for the channel half line challenge, as the new updated swing range. We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support. 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD MN CHART LONG RANGE ROUTEMAP & TRADING PLAN Hey Everyone, After completing all our long range targets, we are now seeing price break out of the ascending channel. However we will need to see ema5 cross outside the channel to establish another bullish run above. 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. 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
FOREXCOM:XAUUSD
by Goldviewfx
9
Gold Continues for Its Peak"Following a decline from the robust gains observed in the European session, Gold prices neared stabilization during Tuesday's New York session. However, during Wednesday's trading, bullish momentum resurged, yet remained within the confines of the narrow trading range seen in the European session, with prices staying below the threshold of US$2,200." Fundamental Analysis: Overnight trading in the New York session saw gold prices receiving support from a weakened U.S. Dollar Index (USDX) and a decline in U.S. Treasury Securities yields. However, as the trading day progressed, a rebound in the USDX led to profit-taking pressure from investors, resulting in April gold futures closing down by US$0.80 to US$21,750. In Wednesday's trading, bullish sentiment made a resurgence within a narrow trading range during the European session. This resurgence was primarily fueled by investors' expectations of an interest rate cut by the Federal Reserve at the upcoming June meeting. These expectations, coupled with projections of two more rate cuts before year-end, have increased the attractiveness of gold as an investment. From a technical standpoint, April gold futures maintain a solid near-term technical advantage, with a five-week uptrend evident on the 1D technical chart. Bulls are eyeing the next upside target, aiming for a closing price breakthrough above solid resistance to achieve a new all-time high of US$2,222. Conversely, bears are targeting a near-term downside, aiming to push futures below the solid technical support level of US$2,149. Short-term resistance levels are identified at the overnight high of US$2,200 and the all-time high of US$2,222, while initial support levels are at this week's low of US$2,163 and last Friday's low of US$2,157. Technical Analysis: The gold price trend has been evolving within a major uptrend phase since the low of US$1,615 on September 28, 2022, supported by an equal-ratio uptrend trajectory. Traditionally, highly liquid tradable prices fluctuate higher within such trend phases, rather than moving vertically up or down. In the short term, gold prices are undergoing a correction phase following a rapid ascent from February 23 to March 8. Despite this correction, bears have failed to gain traction over the past week, indicating ongoing upward momentum. This suggests that a significant top is not yet imminent, with potential for further upward movement. Presently, XAUUSD is retracing yesterday's decline following a surge, with short- to long-term Simple Moving Averages (SMAs) all trending upwards, indicating sustained optimism for near-term demand. Upon breaching the US$2,222 resistance level, gold may encounter further resistance around US$2,250, aligning with the 161.8% Fibonacci extension. On the downside, the December 4 high of US$2,145 is anticipated to provide support for gold bulls. Trading Recommendations: - **Trading Direction:** Long - **Entry Price:** 2181 - **Target Price:** 2300 - **Stop Loss:** 2138 - **Deadline:** 2024-04-10 23:55:00 - **Support Levels:** 2180, 2175, 2171 - **Resistance Levels:** 2200, 2212, 2222 These recommendations are based on the technical analysis indicating the continuation of the upward trend, with specific entry and exit points to optimize trading strategies.
OANDA:XAUUSD
by fankhan466
GOLD TRADING PLAN UPDATEHey Everyone, Quick update from yesterday. We got some retracement during Tokyo session, as expected and then another round off bullish action into our target. We finish off the week with all targets complete across all our chart ideas - BOOOOM!!!! We will now come back Sunday with our updated Goldturn levels for the new range blue print, targets 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 smashing weekend!!! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
17
GOLD (XAUUSD): Signals Of Slowing Momentum?! 🥇 Many of you asked me to share the updated analysis for Gold. Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum: after a strong bullish impulse that the price formed last week, we see a contracting price action within a rising wedge pattern. The price managed to reach 2300 - an important psychological level. After its test, the market found equilibrium and formed a doji candle. Today we see a some pullback. Weakening US Jobs data release may have a bearish effect of the market. I believe that a bearish violation of a support of the wedge can be a confirmation of an initiation of a correctional movement. I do not recommend selling though because it is obviously too risky from a current perspective. Not only that, but I would rather look for a pullback to then buy the market from a safe level. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
1
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Please see our 4H chart idea update, which was completed perfectly today hitting all our targets. First we had ema5 cross an lock above 2218 to open2238 and 2253, which were both hit perfectly earlier this week. Followed with a further lock above 2253, which opened 2269 and 2288 - BOTH HIT PERFECTLY FO RTHE FINISH!!!! We will now look at our monthly chart update for the final extension to the range before we use our algo to generate new Goldturn levels for this upper range for the rest of the week. Our updated levels and weighted levels allowed 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 2238 - DONE EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS 2238 - DONE 2253 - DONE EMA5 CROSS AND LOCK ABOVE 2253 WILL OPEN THE FOLLOWING BULLISH TARGETS 2269 - DONE 2288 - 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
FXOPEN:XAUUSD
by Goldviewfx
32