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GOLD MARKET UPDATEHey Everyone, Another PIPTASTIC day on the chart today buying dips all the way into our Bullish target!!! After completing the retracement range earlier this week, we got the bounce into 2357 yesterday followed with the lock above 2357 opening the 2389 bullish target once again. - This played out perfectly completing the target at 2389!!! We will now look for a ema5 lock above 2389 to open the range above or failure to lock above will see a rejection back to 2357. 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 2389 - DONE EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 - DONE EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - DONE 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 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
10
The Fed will likely keep interest rates higher for longer1. Schmid of the Fed knows interest rates will likely stay high for a while. 2. Mester of Fed said it was too early to conclude that a re-detection was likely. 3. US data PPI is inconsistent. 4. Fed's Powell says the Fed will likely keep interest rates higher for longer. 5. ECB's Wunsch found no need to cut rates after the first cut in June. The US April PPI published by the Bureau of Labor Statistics rose 2.2% from a year ago, a new high since April 2023, slightly higher than the previous 2.1%. It rose 0.5% from a month ago, beating expectations of 0.3% and the previous revised figure of -0.1%. Core PPI rose 2.4% year-on-year, slightly above expectations of 2.3%, and rose 0.5% month-over-month, exceeding 0.2% and expectations Previously it was 0.2%. This data surpasses expectations, showing that the rate of hard emission appears to be getting stiffer. However, the actual performance of this report may not be as shocking as the downwardly revised March data.
OANDA:XAUUSDShort
by MrTrongVo
Wall Street back on the bullish bandwagonAmid cooling geopolitical tensions and a slow week for economic data releases, the gold market ultimately returned its focus to the Federal Reserve’s interest rate path. Spot gold opened the week trading just above the $2,300 level, and spent most of the week trading in a $30 range. In the absence of other significant data, gold prices took their direction from Thursday morning’s weekly jobless claims, which surprised to the upside. In light of Fed chair Jerome Powell's comments that rate cuts remain on the table for 2024, gold traders decided that the high jobless claims print improved those odds, and gold broke definitively above $2,330 just after 10:30 am EDT, climbing steadily for the rest of Thursday and throughout the overnight trading session before attaining its weekly peak of $2,378.56 per ounce around 6:30 am Friday morning. It continued to hold most of those gains throughout the Friday session. 💵 OANDA:XAUUSD BUY 2337 - 2334💵 ✔️TP 2350 ✔️TP 2355 ❌SL 2327
OANDA:XAUUSD
by MrTrongVo
AUDUSD: AUDUSD analysis todayUBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a superb month for the greenback. Our seasonal indicator indicates that call for for USD normally will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) normally maximum affected." UBS added: "More mainly to the overseas exchange (FX) marketplace, that is additionally a signal that the marketplace can also additionally were preserving the USD lengthy for superb costs and as a shielding hedge. This prevents chance sell-offs in desire of the greenback as visible in preceding periods, while the greenback acted as extra of a supply of chance."
Short
by Chart_MasterPro
GBPUSD: The US dollar usually appreciates in May, but this year UBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a tremendous month for the greenback. Our seasonal indicator indicates that call for for USD commonly will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) commonly maximum affected." However, UBS says that the greenback has now no longer proven an awful lot seasonal volatility so far, that is constant with the inventory market`s cutting-edge lack of "May selling" tendencies.
Short
by Chart_MasterPro
GOLD 4H CHART MARKET UPDATEHey Everyone, Great day on the chart today catching the move up form support inline with our plans to buy dips. Yesterday after break and lock confirmation below 2357, we got our retracement target hit at 2337. We then highlighted, as per the chart arrow our expectation for a bounce back into 2357. - This played out perfectly for the bounce into 2357 today. We will now look for a cross and lock above 2357 for a continuation above or a rejection here can provide the momentum for another retest at the retracement range for the full retracement range test. 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 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 - DONE EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - DONE 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 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
25
EURUSD: Dollar steadies ahead of CPI dataThe dollar index and dollar index futures were little changed during the Asian session on Monday. But traders remain largely biased against the greenback ahead of key US inflation data later this week. The CPI - released on Wednesday - will be closely watched, as it could influence the US interest rate outlook. The dollar saw wild swings last week as mixed U.S. economic data raised questions about when the central bank will start cutting interest rates this year. However, while the US economy appears to have cooled in recent months, inflation is forecast to remain high.
Long
by Chart_MasterPro
USDJPY: The Japanese yen was little changedThe Japanese yen turned into little changed The Japanese yen turned into mildly unstable on Monday, with USDJPY soaring simply under 156. The recognition stays on any capability authorities intervention to assist the currency, after at the least instances of intervention in early May. The authorities is stated to have stepped in to deliver down the USDJPY charge from highs maximum in 34 years over one hundred sixty. While one hundred sixty is taken into consideration the restrict for the authorities, analysts warn that intervention should nonetheless show up earlier than that.
Short
by Chart_MasterPro
1
GOLD 4H CHART MARKET UDATEHey Everyone, Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range. This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range. We expect support bounce on each level of the retracement range and now waiting patiently. 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 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 - DONE EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - DONE 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 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
10
RNDR High probability that the bottom is hereWith members I post step by step, here I want to show how I see cap and candle and bottom formation. For now, RNDR is one of the few that shows that the correction is over. Of course, below 8$, this setup is canceled. On every page where I see a breaking point, I will try to publish it as soon as possible, and any discussion is welcome. Follow and support if you want to see more of this Certainly a good area for investment
RLong
by learnfromfailure
2
Understanding the Technical Bullish OutlookTechnical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows. Furthermore, another bullish pattern has emerged within this ascending expanding wedge pattern: the formation of an inverted head and shoulders pattern, often considered a reversal pattern indicating a transition from the market price reduction to price increase. The head of this pattern formed at $1622.20, with shoulders completed at $1673.30 and $1810.80. The key aspect of this pattern is the break above the neckline at $2075 in March 2024, signaling a strong long-term breakout. This breakout is significant because gold prices have stabilized below the key pivot point of $2075 for several years. A successful breach above this level suggests a potential rally to $3000, marking the initial target set by the ascending expanding wedge pattern. 💵 SELL OANDA:XAUUSD 2365-2367💵 ✔️TP 2355 ✔️TP 2345 ❌SL 2375 💵 BUY OANDA:XAUUSD 2340 - 2342💵 ✔️TP 2350 ✔️TP 2360 ❌SL 2333
OANDA:XAUUSDShort
by MrTrongVo
XAUUSD: Technical analysis of XAUUSD todayThe dollar steadied on Friday after losing ground in the previous session on weak jobs data, while sterling edged up following stronger-than-expected growth figures. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading just higher at 105.115. The USD is on track for small gains this week The USD steadied on Friday and is on course to gain slightly this week after falling on Thursday after data released showing a larger-than-expected gain in {ecl-294||topic data unemployment benefits request}} weekly. This evidence of a cooling US labor market has bolstered some expectations that the Federal Reserve will begin cutting interest rates in September.
OANDA:XAUUSDLong
by Chart_MasterPro
GBPJPY: The USD stabilized at the end of the week, the British PThe greenback steadied on Friday after dropping floor withinside the preceding consultation on susceptible jobs records, whilst sterling edged up following stronger-than-anticipated boom figures. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, changed into buying and selling simply better at 105.115. The USD is heading in the right direction for small profits this week The USD steadied on Friday and is on route to advantage barely this week after falling on Thursday after records launched displaying a larger-than-anticipated advantage in subject matter records unemployment blessings request}} weekly. This proof of a cooling US hard work marketplace has strengthened a few expectancies that the Federal Reserve will start slicing hobby costs in September. Still, hard inflation stays the Fed`s foremost factor of contention, with a chain of officers caution of such remarks this week which have boosted the greenback this week. San Francisco Federal Reserve President Mary Daly stated Thursday that there is "considerable" uncertainty approximately in which U.S. inflation will head withinside the coming months. She added: “In a state of affairs in which inflation stays at... levels, with out in addition development being made, it isn't always suitable to begin adjusting costs until we see a slowdown withinside the hard work marketplace ”.
Short
by Chart_MasterPro
GOLD 1H CHART ROUTE MAP AND 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 two levels 2365 and 2346. We have a open gap above at 2365, 2379 Goldturn and below at 2346. We will need to see ema5 lock above 2379 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2346 will open the swing 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 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 2365 2379 EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS 2393 2408 BEARISH TARGETS 2346 EMA5 CROSS AND LOCK BELOW 2346 WILL OPEN THE SWING RANGE SWING RANGE 2321 - 2305 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
17
GOLD 4H CHART ROUTE MAP AND 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 two weighted levels 2389 resistance and 2357 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2389 to further open the range above or a rejection will follow to find support at 2357. A cross and lock below the 2357 will open the retracement range and a further cross and lock below 2317 will open the swing 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 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 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 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
6
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce. - This played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test. We will continue to track the move up with the ascending channel half line to provide support along the way. We will also keep in mind while tracking the ascending channel half line that any break below the half line with ema5 will open the range below. 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
10
GOLD MONTHLY CHART LONG RANGE/TERM ROUTE MAPHey Everyone, As stated last week we completed all our Bullish targets after breaking out of the ascending channel and stated that we also need to keep in mind the detachment below highlighted in circle. This 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 had the anticipated correctional drop, as you can see from the wick on last months candle but not enough to complete the full detachment. The new month candle has now opened and in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range CURRENT UPDATE The mission to retest the new open range again has started with 2296 and 2360 complete. If we get the full re-test above this month then we are likely to see ema5 move up closing the detachment gap higher for any correction to take place higher. Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above. 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 main long targets using elliott waveHere’s a refined analysis of the 4-hour chart using Elliott Wave Theory: The chart exhibits an impulsive bullish movement that began at 1984. The first wave (Wave 1) culminated at 2194. This was followed by a correction to the 0.236 Fibonacci retracement level at 2147, marking the end of Wave 2. The subsequent upward trend formed Wave 3, which concluded at the 1.272 Fibonacci expansion level of 2430. After this peak, the chart underwent an A-B-C correction, with Wave 4 terminating at the 0.5 Fibonacci level of 2280—this level was determined by measuring the trough of Wave 2 and the peak of Wave 3. Currently, the chart is progressing through Wave 5, which has the potential to ascend to 2485. There is also a possibility for further elevation to 2540 and 2612, corresponding to the 1.272 and 1.618 Fibonacci extension levels, respectively. Here’s the summary in a cleaner format: Start of Bullish Move: 1984 Wave 1 Peak: 2194 Wave 2 Retracement: 2147 (0.236 Fibonacci level) Wave 3 Peak: 2430 (1.272 Fibonacci expansion) Wave 4 Trough: 2280 (0.5 Fibonacci level) Potential Wave 5 Targets: 2485, 2540, 2612 (1.272 and 1.618 Fibonacci extensions) This analysis suggests that the current trend is in a strong bullish phase, with Wave 5 having the potential to reach significant Fibonacci extension levels. Keep an eye on these targets for potential resistance points.
OANDA:XAUUSDLong
by joestar95