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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday we completed our 1H chart idea and today we update you on our 4h chart idea that we shared earlier this week. Once again we started with our Bullish target hit at 2867 followed with ema5 cross and lock opening 2894, which was hit perfectly with a further cross and lock above 2894 opening 2924 also hit completing this range. No further cross and lock above 2924 confirmed the rejection for the move down. The lower Goldturns are providing support for the bounce and establishing a range between 2867 and 2924. We will look for a test and cross and lock on either level to determine 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 shared every week for 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 2867 - DONE EMA5 CROSS AND LOCK ABOVE 2867 WILL OPEN THE FOLLOWING BULLISH TARGET 2894 - DONE EMA5 CROSS AND LOCK ABOVE 2894 WILL OPEN THE FOLLOWING BULLISH TARGET 2924 - DONE EMA5 CROSS AND LOCK ABOVE 2924 WILL OPEN THE FOLLOWING BULLISH TARGET 2952 EMA5 CROSS AND LOCK ABOVE 2952 WILL OPEN THE FOLLOWING BULLISH TARGET 2979 BEARISH TARGETS 2833 EMA5 CROSS AND LOCK BELOW 2833 WILL OPEN THE FOLLOWING BEARISH TARGET 2800 EMA5 CROSS AND LOCK BELOW 2800 WILL OPEN THE SWING RANGE SWING RANGE 2771 - 2743 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
10
The Main Elements of Profitable Trading Strategy (Forex, Gold) There are hundreds of different trading strategies based on fundamental and technical analysis. These strategies combine different tools and trading techniques. And even though, they are so different, they all have a very similar structure. In this educational article, we will discuss 4 important elements and components every GOLD, Forex trading strategy should have. What Do You Trade 1️⃣ The first component of a trading strategy is the list of the instruments that you trade. You should know in advance what assets should be in your watch list. For example, if you are a forex trader, your strategy should define the currency pairs that you are trading among the dozens that are available. How Do You Trade 2️⃣ The second element of any trading strategy is the entry reasons. Entry reasons define the exact set of market conditions that you look for to execute the trade. For example, trading key levels with confirmation, you should wait for a test of a key level first and then look for some kind of confirmation like a formation of price action pattern before you open a trade. Above, is the example how the same Gold XAUUSD chart can be perceived differently with different trading strategies. 3️⃣ The third component of a trading strategy is the position size of your trades. Your trading strategy should define in advance the rules for calculating the lot of size of your trades. For example, with my trading strategy, I risk 1% of my trading account per trade. When I am planning the trading position, I calculate a lot size accordingly. Position Management 4️⃣ The fourth element of any trading strategy is trade management rules. By trade management, I mean the exact conditions for closing the trade in a loss, taking the profit and trailing stop loss. Trade management defines your actions when the trading position becomes active. Make sure that your trading strategy includes these 4 elements. Of course, your strategy might be more sophisticated and involve more components, but these 4 elements are the core, the foundation of any strategy. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
5
GOLD ROUTE MAP UPDATEHey Everyone, A perfect finish to this chart idea with our final target at 2923 now complete. Yesterday we started with our Bullish target 2872 and then cross and lock confirmed 2885 and 2898, which was hit perfectly. This followed with ema5 lock above 2898 opening 2911 and 2923. We got the 2911 target and stated that if 2898 and 2885 Goldturns provide support now, we may get the momentum for the 2923 test sooner rather then later. - 2898 provided the support and we got the final target at 2923 to complete this chart idea. We spent the rest of the day buying dips from the lower weighted Goldturns, which is providing the support and bounce. We are back within this chart range and therefore can continue to track the movement here. However we also have our 4h chart idea to track the remaining 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 shared every week for 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 2872 - DONE EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET 2885 - DONE 2898 - DONE EMA5 CROSS AND LOCK ABOVE 2898 WILL OPEN THE FOLLOWING BULLISH TARGET 2911 - DONE 2923 - DONE BEARISH TARGETS 2851 EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE RETRACEMENT RANGE 2836 - 2819 EMA5 CROSS AND LOCK BELOW 2819 WILL OPEN THE SWING RANGE SWING RANGE 2807 - 2794 SECONDARY SWING RANGE 2782 - 2764 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
14
Continue to buy goldDear traders, From the gold candlestick chart, it is evident that the bulls are still in control. However, after reaching 2943 today, gold experienced a sharp pullback, indicating either a bearish counterattack or profit-taking by long positions. As gold prices rise and external factors come into play, market volatility has intensified, leading to an increasingly fierce battle between bulls and bears, making short-term trading more challenging. Currently, gold has retraced from the 2943 high but has not yet disrupted its overall bullish structure. Based on the current price action, as long as gold holds above the 2905-2895 support zone, there are no clear technical signals indicating a trend reversal. At least until the release of CPI data, gold is unlikely to shift its trend decisively. With no confirmed topping signals, gold still holds the potential for further upside. For short-term trading, if gold retraces to the 2905-2895 region and holds above this level, long positions can be considered. However, traders should remain cautious—if gold breaks below this support zone, a deeper correction toward the 2870-2860 area could be expected. Bros, would you choose to be long gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
GOLD ROUTE MAP UPDATEHey Everyone, A super PIPTASTIC start to the week!! Our chart idea is playing gout perfectly with cross an lock confirmations giving us plenty of time to get in for the action. We started with our Bullish target 2872 hit followed with ema5 cross and lock opening 2885 and 2898, which was hit perfectly. We then had ema5 lock open above 2898 opening 2911 and if momentum allowed 2923. We got the 2911 for the perfect finish on the nose at 2911 with exhaustion of momentum and therefore no 2923. A further candle body or ema5 lock above 2911 will further confirm the final run at 2923 on this chart. If 2898 AND 2885 Goldturns provide support now, we may get the momentum for the 2923 test sooner rather then later. 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 shared every week for 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 2872 - DONE EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET 2885 - DONE 2898 - DONE EMA5 CROSS AND LOCK ABOVE 2898 WILL OPEN THE FOLLOWING BULLISH TARGET 2911 - DONE 2923 BEARISH TARGETS 2851 EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE RETRACEMENT RANGE 2836 - 2819 EMA5 CROSS AND LOCK BELOW 2819 WILL OPEN THE SWING RANGE SWING RANGE 2807 - 2794 SECONDARY SWING RANGE 2782 - 2764 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
11
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we would be looking for the market to open, test the high and then give us the short trade into the lower red box levels. We gave the levels of 2775 and 2755-60 to traders for potential RIPs of which the 2775 region gave us the tap and bounce that we wanted to get that long trade. We mentioned our target level of 2828 which was active and as we saw, it not only completed but was surpassed. During the week, we updated traders with the plans for pull backs and red box target levels, of which again, nearly all were completed. That along with another 8 Excalibur targets just on Gold! An extremely decent week on the markets in Camelot, not only on gold but the numerous other pairs we trade and analyse. So, what can we expect in the week ahead? For this week we’re in a similar situation to the last two weeks, price has close high and it’s too risky for us to attempt long trades up here unless we’re scalping the red boxes. We have the immediate resistance level above of 2865-8 which is a potential opening target if they take this upside from the open. This is a key level and needs to be watched, if rejected this could be the first opportunity to short again into the lower levels of 2855-50 and below that 2830-35. If broken, we’ll look higher at the 2895-2902 (target region) level for another attempt. On the flip, ideally we want to see this go down into the first region 2830-5 for the bounce, and then flip the resistance to continue the move downside into the lower support and red box levels which is where we will be waiting again to swing this long. In summary, expect ranging first part of the week, potential for 2885 resistance and 2855 support which are the levels that need to break to determine the next move. Don’t get carried away with trading it to the moon or shorting it to the core of the earth. Trade it how you see it on the day, follow KOG’s bias of the day and the red box targets which are proven to be effective for day traders and scalpers. KOG’s Bias for the week: Bearish below 2875 with targets below 2855, 2850, 2845 and below that 2835 Bullish on break of 2875 with targets above 2890, 2897, 2899 and above that 2902 RED BOXES: Break below 2850 for 2847, 2844, 2839, 2835 and 2826 in extension of the move Break above 2860 for 2865, 2872, 2874, 2890 and 2902 in extension of the move 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
FX:XAUUSD
by KnightsofGold
15
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 play between two weighted levels with a gap above at 2872 and a gap below at 2851. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for 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 shared every week for 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 2872 EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET 2885 2898 EMA5 CROSS AND LOCK ABOVE 2898 WILL OPEN THE FOLLOWING BULLISH TARGET 2911 2923 BEARISH TARGETS 2851 EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE RETRACEMENT RANGE 2841 - 2819 EMA5 CROSS AND LOCK BELOW 2819 WILL OPEN THE SWING RANGE SWING RANGE 2807 - 2794 SECONDARY SWING RANGE 2782 - 2764 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
27
How to become a qualified gold traderA gold trader who wants to obtain stable returns needs to combine market analysis, risk management, trading strategies and disciplined execution. You need to do the following: 1. Market analysis Fundamental analysis: Pay attention to factors that affect gold prices, such as inflation, interest rates, US dollar trends, geopolitics, central bank policies, etc. Gold is generally regarded as a safe-haven asset and performs better during economic uncertainty or rising inflation. Technical analysis: Use technical indicators (such as moving averages, RSI, MACD, etc.) and chart patterns (such as support, resistance, trend lines, etc.) to identify market trends and trading opportunities. 2. Develop trading strategies Trend tracking: Trade with the trend in a clear upward or downward trend. For example, buy low in an upward trend and sell high in a downward trend. Range trading: When the price of gold fluctuates within a certain range, you can buy at the support level and sell at the resistance level. Arbitrage trading: Use the price difference between different markets or contracts for arbitrage, such as the price difference between spot and futures. Hedging strategy: Hedge the risk of gold price fluctuations through other assets (such as US dollars, stocks, etc.). 3. Risk management Set stop loss and take profit: Stop loss and take profit points should be set for each transaction to control potential losses and lock in profits. Position management: Avoid excessive leverage, and the risk of a single transaction should be controlled within a certain proportion of the total funds (such as 1%-2%). Diversification: Do not concentrate all funds on gold, and appropriately diversify to other asset classes to reduce risks. 4. Disciplined execution Strictly implement trading plans: Avoid emotional trading and strictly follow pre-established strategies. Record and analyze transactions: Record the details of each transaction, review it regularly, find out the reasons for success and failure, and optimize strategies. 5. Continuous learning and adaptation Pay attention to market dynamics: The gold market is affected by many factors, and it is necessary to continue to pay attention to the dynamics of the global economy, politics and financial markets. Learn new technologies and tools: As the market changes, continue to learn new analysis tools and trading techniques to improve trading levels. 6. Use tools and resources Trading platform: Choose a reliable trading platform that provides real-time data, chart analysis tools and risk management functions. Automated trading: Consider using algorithmic trading or automated trading systems to reduce human emotional interference. 7. Psychological quality Stay calm: Stay calm when the market fluctuates and avoid making impulsive decisions due to short-term fluctuations. Long-term perspective: Gold trading is a long-term process. Don't be discouraged by short-term losses, and don't be overconfident because of short-term profits. 8. Macroeconomic and policy impact Federal Reserve policy: The Federal Reserve's monetary policy (such as interest rate hikes or cuts) has a significant impact on gold prices. Interest rate hikes are usually bearish for gold, while interest rate cuts are bullish. Global economic situation: Gold as a safe-haven asset usually rises during global economic recessions or crises. 9. Seasonal factors Seasonal demand: Gold demand increases in certain seasons (such as Indian wedding season and Chinese New Year), and prices may rise. Understanding these seasonal patterns can help you grasp trading opportunities. 10. Correlation with other assets USD and gold: Gold is usually negatively correlated with the USD. When the USD strengthens, the price of gold may fall, and vice versa. Stock market and gold: When the stock market falls sharply, gold as a safe-haven asset may rise. Summary Gold trading requires a combination of market analysis, risk management, trading strategies and disciplined execution. Only by continuously learning and optimizing strategies, controlling risks and staying calm can we gradually achieve stable returns.
FX:XAUUSD
by Crazytrader00011
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 ema5 and price play between two weighted levels with a gap above at 2867 and a gap below at 2833. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for 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 shared every week for 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 2867 EMA5 CROSS AND LOCK ABOVE 2867 WILL OPEN THE FOLLOWING BULLISH TARGET 2894 EMA5 CROSS AND LOCK ABOVE 2894 WILL OPEN THE FOLLOWING BULLISH TARGET 2924 EMA5 CROSS AND LOCK ABOVE 2924 WILL OPEN THE FOLLOWING BULLISH TARGET 2958 EMA5 CROSS AND LOCK ABOVE 2958 WILL OPEN THE FOLLOWING BULLISH TARGET 2979 BEARISH TARGETS 2833 EMA5 CROSS AND LOCK BELOW 2833 WILL OPEN THE FOLLOWING BEARISH TARGET 2800 EMA5 CROSS AND LOCK BELOW 2800 WILL OPEN THE SWING RANGE SWING RANGE 2771 - 2743 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
11
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed. After hitting and completing 2729 target 2 weeks ago, we then stated that we had a candle body close above 2729 opening long range/term gap at 2856 and will need ema5 lock to further confirm this. - We got the ema5 lock to further confirm this and this was then hit perfectly last week completing this target. We now have a very small body close above 2856 leaving 2896 open and will need ema5 lock to further confirm this. This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. 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, Please see update on our monthly chart idea for our long term/range analysis. Our Monthly chart idea is now finally complete from candle body close above 2702 leaving 2825 axis target open, which is now hit and complete. Please review all the historical updates below to see how we have been tracking this chart over several months. We will share a new long range monthly chart idea from next month. LAST UPDATES OVER THE PREVIOUS MONTHS Previous month in December we stated that the month started with a detachment to ema5 below for a correction, which was highlighted with a small mini circle on the chart for visual purpose. - This detachment to ema5 was completed perfectly. We also stated last month in December that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce. - This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702. We then stated that we had two days for month end and will need a body close above 2702 for confirmation for a further continuation or a body close below 2589 to confirm the channel top test below. We also stated that if price closes this month in this range without the body closes, then we are likely to see play between this range for another month with not much detachment on the next monthly candle to ema5, which means the likely dynamic support should be provided by ema5 from the beginning of the month. - This played out perfectly in January as the the ema5 provided the dynamic support right from the start, which followed with a nice push up. We now also have a candle body close above 2702 leaving a gap to 2825 Axis our long term target that we have been tracking over the months. We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend. 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
7
The 3rd Major Pivot in Gold’s Uptrend - Since Trade War in 2018We just witnessed the start of another pivot in gold when Trump won the U.S. presidential election in November 2024. My gold trading strategy has always focused on buying dips while keeping any short-selling opportunities short-term. The chart above clearly illustrates three major V-shaped formations in gold. After each tariff or trade war, a V-shaped pattern formed in the same month the policy was initiated, followed by a subsequent uptrend. Recently, I published a video analyzing other significant tariffs since the U.S.-China trade war began in 2018. We observed a consistent pattern: after each tariff or trade war, the same month of policy initiation saw the formation of a V-shaped trough, followed by an uptrend. This time, the V-shaped trough occurred during the U.S. presidential election month. The right side of this V-shape was completed with the announcement of 25% tariffs on Canada and Mexico, signaling the expansion of the trade war beyond China. The consequence of trade wars is inflation, and gold has historically served as a leading indicator of this trend. If the trade war persists and intensifies, a continued uptrend in gold seems inevitable. Analyzing the long-term monthly chart using my parallel channel approach, we observed gold prices encountering resistance around $2,600 in September 2024 and beyond. However, by the close of January, the price action provided a clear confirmation of the ongoing gold uptrend. Gold firmly closed above $2,600, reaching $2,835 for COMEX Micro Gold Futures. On the 3-hour chart, I have provided another set of parallel channels as a guide to track support and resistance levels as gold trends further. As gold prices continue to climb, their notional value can become quite large for retail traders. COMEX Micro Gold Futures, being 1/10th the size of the regular gold contract, is a better option for me when the next buying opportunity arises. Recently, CME launched a new contract—a pocket-sized one-ounce gold contract. One key to successful trading is selecting the right contract size for oneself, which is crucial for effective risk management. Once again, my strategy for gold remains the same: focus on buying dips while keeping any short-selling opportunities short-term. Please see the following disclaimer and information that you may find useful: Gold Contracts: Gold Futures & Options Ticker: GC Minimum fluctuation: 0.10 per troy ounce = $10.00 Micro Gold Futures & Options Ticker: MGC Minimum fluctuation: 0.10 er troy ounce = $1.00 1Ounce Gold Futures Ticker: 1OZ Minimum fluctuation: 0.25 per troy ounce = $0.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • My mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX_MINI:MGC1!Long
by konhow
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our plans to buy dips is playing out, as analysed. Yesterday after completing all our Bullish targets we stated that we were now looking for a ema5 cross and lock above 2875 for a continuation above or failure to lock above will see a rejection into the lower Goldlturns for support and bounce. - This played out perfectly with no lock above 2875 confirming the rejection into the lower Goldlturns, which gave the perfect bounce inline with our plans to buy dips. We will now see play between the Goldturns and will look for ema5 cross and lock above or below the Goldturns 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 shared every week for 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 2800 - DONE EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET 2826 - DONE EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET 2852 - DONE EMA5 CROSS AND LOCK ABOVE 2852 WILL OPEN THE FOLLOWING BULLISH TARGET 2875 - DONE EMA5 CROSS AND LOCK ABOVE 2875 WILL OPEN THE FOLLOWING BULLISH TARGET 2898 - BEARISH TARGETS 2772 - DONE EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE 2744 - 2712 EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE SWING RANGE 2685 - 2655 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
32
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts with our 4h chart also playing out to perfection!!! Yesterday we completed our 1H chart idea and today we update our 4H chart ideas from Sunday. We started the week with our bearish target hit at 2772 for a perfect touch with no lock confirming the rejection ad bounce into hitting our Bullish target at 2800. We then got our next target at 2826 followed with a cross and lock opening 2852, which was hit perfectly and then finally we got ema5 lock above 2852 opening 2875, which was hit today completing this target. This is pure level to level perfection with plenty of confirmation in advance to get in for the action. We will now look for a lock above 2875 for a continuation or failure to lock above will see lower Goldlturns tested for support. 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 shared every week for 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 2800 - DONE EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET 2826 - DONE EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET 2852 - DONE EMA5 CROSS AND LOCK ABOVE 2852 WILL OPEN THE FOLLOWING BULLISH TARGET 2875 - DONE EMA5 CROSS AND LOCK ABOVE 2875 WILL OPEN THE FOLLOWING BULLISH TARGET 2898 - BEARISH TARGETS 2772 - DONE EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE 2744 - 2712 EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE SWING RANGE 2685 - 2655 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
17
Best Chart Patterns to Buy Gold in Uptrend One of the proven strategies to safely buy gold in uptrend is to look for THESE chart patterns. In this article, I will teach 4 best bullish price action patterns for Gold trading. All the patterns that we will discuss work perfectly on a daily, 4h, 1h time frames. The first strong bullish pattern, that we will discuss, is a bullish flag pattern. The pattern is based on 2 important elements: a bullish impulse leg and a bearish correctional movement afterward. The highs and lows of a correctional movement should respect 2 falling trend lines: one being a vertical resistance and one being a vertical support. These 2 trend lines will compose a falling parallel channel. Your strong bullish signal will be a breakout of the resistance of the flag - a candle close above that. The trading strategy of this pattern is very straightforward . After a violation of the resistance of the flag is confirmed , buy the market immediately or on a retest. Place stop loss order below the lowest low of the pattern, initial target - the high of the pattern with a potential bullish continuation to a new high. Look at a bullish flag pattern on Gold on a 4H time frame. A bullish breakout of its upper boundary was a perfect signal to buy XAUUSD. The variation of a bullish flag pattern is a falling wedge pattern. In a wedge pattern, a correctional movement occurs within a contracting channel based on 2 converging trend lines. The same strategy is applied for buying wedge pattern after a breakout . Above, you can see a falling wedge on Gold chart on a daily that was formed after a completion of a sharp bullish wave. Bullish violation of the resistance line of the pattern was a strong call to open long position. Trading hundreds of bullish flags and falling wedges, I noticed that the wedge patter has a little bit higher accuracy. The next chart pattern for buying Gold is called Ascending Triangle. After completing a bullish impulse and setting a higher high, the market should start consolidating . A consolidation should have a specific shape: the price should start respecting a horizontal resistance based on the last high and drop from that, setting equal high and a consequent higher low after every bearish movement. A reliable bullish signal will be a breakout - a candle close above a horizontal resistance line based on the equal highs. Buy Gold immediately after a violation, or set a buy limit order on a retest of a broken resistance. Safe stop loss will be at least below the last higher low. If you are taking the trade on 1H time frame, set it below the first higher low. Take profit will be the next potentially strong resistance. With the absence of historic resistances, your goal can be the next psychological level based on round numbers. That's a perfect example of the ascending triangle pattern that formed on Gold on a daily time frame. After a breakout of its resistance, a bullish rally initiated. Usually, the pattern is considered to be completed when the price sets at least 3 higher lows and 3 highers highs. If only 2 equals highs and 2 higher lows are set, such a pattern will be called Cup & Handle. Entry, stop loss and target rules are the same as in ascending triangle trading. That's a nice cup & handle pattern on Gold on a 4H. Violation of its resistance triggered a significant trend-following movement. The last pattern for buying Gold is horizontal parallel channel. It should form after a completion of a bullish wave and represent a consolidation and indecision. The price should set equal highs and consequent equal lows, respecting horizontal support and resistance. A strong bullish signal to buy Gold will be a breakout of a horizontal resistance of the channel and a candle close above. The principles of its trading strategy are very similar. Open long position on Gold immediately after a candle close above the resistance or on its retest. Stop loss should be placed below the support of the channel. Take profit will be the next historic or (if there is no) psychological level. Check this horizontal channel that was spotted on a daily time frame on Gold chart. After quite an extended consolidation within, the price violated its upper boundary and went up. All these chart patterns have a unique shape and structure and are very easy to recognize. Apply them for trend-trading Gold on any time frame and good luck in your journey. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
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