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GOLD SELL CONFIRM UPCOMING MOVE Gold has struggled against this central bank headwind and is sitting on a prior level of resistance turned support at $2,009/oz. This week’s sell-off has driven the spot price through both the 20- and 50-day simple moving averages, adding to the negative tone. We noted in the article above that $2,009/oz. should hold a short-term sell-off and while this still stands, a further break lower cannot be ruled out. The next level of support at $2,000/oz. is followed by $1,987/oz. Ona longer-term basis, the chart remains positive as long as the last higher low at $1,973/oz. remains in place.
OANDA:XAUUSDShort
by FxJohnson
Riding the Waves: Mastering Trendline Trading in Forex and Gold Riding the Waves: Mastering Trendline Trading in Forex and Gold 📈✨ ✅Trading with trendlines is a fundamental technique in the world of forex and gold trading. Trendlines help traders identify the direction of the market and potential entry and exit points based on the prevailing trend. In this comprehensive guide, we will explore the art of trading trendlines in forex and gold, providing actionable examples to illustrate their application. Please, check this falling trend line on GBPUSD. First, it was a strong resistance. After a breakout it turned into support ✅ Mastering Trendline Trading: 1. Drawing Trendlines: Traders can draw trendlines by connecting swing highs in a downtrend or swing lows in an uptrend. These lines act as dynamic levels of support and resistance, guiding traders in identifying potential reversal or continuation points. 2. Trendline Breakouts: A breakout above or below a trendline can signal a potential shift in the prevailing trend, offering traders an opportunity to capitalize on emerging market dynamics. 3. Multiple Timeframe Analysis: Combining trendlines across different timeframes can provide a holistic view of the market trend, enabling traders to make more informed trading decisions. Take a look at this trend line, it is a strong vertical resistance. You can sell the market once it approaches that. ✅Examples: Example 1: Trendline Bounce in Forex In a currency pair chart, if the price repeatedly bounces off an upward-sloping trendline, it indicates a strong bullish trend. Traders can consider entering long positions when the price retests the trendline and shows signs of continuation. Example 2: Trendline Breakout in Gold Suppose the price of gold breaks below a descending trendline that has been acting as resistance. This breakout may signal a potential downtrend, prompting traders to consider short positions or monitor for further confirmation of the new trend direction. Look at this solid trend line on AUDUSD. Probabilities will be extremely high that the price will drop from that Mastering the art of trading trendlines in forex and gold can equip traders with a valuable tool for interpreting market trends and making informed trading decisions. By integrating trendline analysis into your trading approach, you can ride the waves of market dynamics and enhance your trading proficiency. Happy trendline trading! 📉🌟
OANDA:XAUUSDEducation
by AnabelSignals
1
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Piptistic finish to the day for us with our swing range doing exactly what it says on the tin. Yesterday we had Ema5 cross and lock below 2036 retracement range, which opened the swing range 2020 and 2005. - Both of these levels were hit We then advised that we would need to see ema5 cross and lock below 2005 to open the support structure or a failure to lock below 2005 will see price suport here to retest 2020 as resistance. - EMA5 failed to cross below 2005 confirming the rejection, which followed through by completing the swing to 2020. as part of the swing range action highlighted on the chart. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETbelow 2005 confirming the rejectionS 2051 - DONE. EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK BELOW 2036 WILL OPEN THE SWING RANGE 2020 - DONE 2005 - DONE EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD IS FALLING DOWN 👇 READ ITGold price (XAU/USD) has executed a short-term recovery move in the midst of a persistent downtrend. Gold price printed a fresh monthly low near the psychological support of $2,000 on Wednesday, then bounced. Yet despite the rebound, the precious metal remains on the backfoot as investors continue to worry about when the Federal Reserve (Fed) will start its long awaited rate-cut cycle. The hopes of an early rate-cut decision from the Fed are easing as the last leg of inflationary pressures in the United States is turning out significantly more stubborn than previously thought, due to robust consumer spending and steady labor market conditions.
OANDA:XAUUSDShort
by FxJohnson
Gold Setup on Fundamental New | H1 timeframeGold Setup on Fundamental New | H1 timeframe Welcome Back Traders ! -Todays at a Same Time 4 High Impact news going to happened -This idea is based on Educational Purposes -In Last FOMC and CPI news gold use the same move -Strong Resistance at 2015-2020 if these news tried to break this zone we furthermore expected 2028-2030 point - But Remember overall plan is fallen Candles - Basically 2000 point is a phycological support need more fundamental power to break All the best and Cheers...
OANDA:XAUUSDShort
by professionaltradersfx
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Update on our 1H chart idea from yesterday. Ema5 cross and lock below 2036 retracement range opened the swing range 2020 and 2005. Both of these levels were hit, as analysed and both provided the expected reactional bounces for 40 pips, as stated throughout. We will now need to see ema5 cross and lock below 2005 to open the support structure or a failure to lock below 2005 will see price suport here to retest 2020 as resistance. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2051 - DONE. EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK BELOW 2036 WILL OPEN THE SWING RANGE 2020 - DONE 2005 - DONE EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
4
XAUUSD: First time under the 1D MA50 Gold broke under the 1D MA50 for the first time since October 13th and turned bearish on the 1D technical outlook (RSI = 41.420, MACD = 1.310, ADX = 35.745). The pattern that has emerged is a Channel Down with the price near its LL bottom. Consequently we expect a short term rebound to retest the 4H MA50 and then a new bearish wave towards the S1 level (TP = 1,980). 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:XAUUSDShort
by InvestingScope
GOLD (XAUUSD): Detailed Technical Outlook 🥇 After a breakout of a resistance line of a bullish flag pattern on a daily, Gold is currently retesting that. We can see a perfect confluence between a horizontal support and a falling trend line. A bullish movement may initiate soon. Your bullish confirmation can be a bullish breakout of a falling parallel channel on an hourly time frame. Patiently wait for a breakout and be prepared to buy then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Today we saw 2051 cross and lock below opening the retracement range, which was HIT. The retracement range then gave the 30 to 40 pip bounce, as part of our plans to buy dips from weighted levels. Ema5 has now also crossed and locked below 2036 retracement range opening the swing range levels 2020 and 2005. A cross and lock below each level will solidify confirmation for the next. Both of these levels and this range is within the swing range and therefore we expect reactional bounces on this range. We also have a gap left open above to keep 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2051 - DONE. EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK BELOW 2036 WILL OPEN THE SWING RANGE 2020 2005 EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Great start to the week with our first bullish target hit on market open at 2051. We were able to take 30 pips from the retest for a easy catch. Ema5 has now also crossed and locked above 2051 leaving a gap open to 2063. We will need to see price and ema5 maintain position above 2051 for this continuation into 2061. However, if we see a retest at 2051, followed with a cross and lock; this will then open the retracement range for a test. We now have resistance at 2063 for a immediate bullish target and 2051 as support. We will see price range between these levels until one breaks and locks to confirm the next 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2051 - DONE. EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2036 EMA5 CROSS AND LOCK BELOW 2036 WILL OPEN THE SWING RANGE 2020 2005 EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
1
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2051 for a immediate bullish target and 2036, as our bearish retracement target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2036 and a break and lock below this level will open the swing range. However, support here and we are likely to see a test at 2051 Goldturn. A cross and lock above 2051 will 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2051 EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2036 EMA5 CROSS AND LOCK BELOW 2036 WILL OPEN THE SWING RANGE 2020 2005 EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE 4H CHART TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2061 for a immediate bullish target and 2042, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2042 and a break and lock below this level will open the retracement range and a break and lock below the retracement range with ema5 will open the swing range. We also have support structure at 1978. However, support on either levels will likely provide the bounce to the new Goldturn until we see a test at 2061 Goldturn. A cross and lock above 2061 will 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2061 EMA5 CROSS AND LOCK ABOVE 2061 WILL OPEN THE FOLLOWING BULLISH TARGET 2080 BEARISH TARGETS 2042 EMA5 CROSS AND LOCK BELOW 2042 WILL OPEN THE RETRACEMENT RANGE 2022 EMA5 CROSS AND LOCK BELOW THE RETRACEMENT RANGE WILL OPEN THE SWING RANGE SWING RANGE 1999 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 Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
2
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone, Quick update on our daily chart idea, which is playing out and respecting the channel dynamics. As stated last week we were seeing price test the central zone of the channel, which we highlighted to show the flow of the historical challenges in the channel. We were expecting a likely bounce from this support zone inline with historical patters, which played out beautifully for us last week with a perfect finish buying the dip to finish with a strong week. However, this week we need to take caution, as not only do we have a candle body close above 2043 opening range above, which will need em5 cross above 2034 to further confirm this but last weeks dip also left a cross below the channel half line with ema5 leaving a bearish gap open to test the channel bottom at 1998. 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
OANDA:XAUUSD
by Goldviewfx
1
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, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We the 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 be considered still open. 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
FOREXCOM:XAUUSD
by Goldviewfx
2