GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly over the last few months.
Last update we saw ema5 lock inside the channel and level to level all the way into the channel top completing the channel with a perfect finish respecting the channel top to perfection.
We then highlighted that we are now likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to 2205 and 2237 long term.
- This is currently playing out perfectly, as we saw the rejection and play into the retracement area for the correction, inline with the channel half-line support, which we expect some support for a bounce and then continuation onto channel top. Failure to support above and a break and lock below the channel half line will see price look for support at the lower range of the channel bottom before we see the bounce back into the channel half line.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
Tradingideas
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.
Last week we advised we were seeing the channel half line break with two weekly candle close above the half line with a long term gap open to 2199. However, we have a correctional retracement level at 2137 inline with the channel half line for a correction and potential support. We need to also keep in mind there is a ema5 detachment just below the half-line highlighted with a circle that may attach if any news drives momentum below the correction.
- We got the target at 2199 perfectly followed with the retracement last week into the channel half line, as suggested, just short of 2137 and ema5 detachment.
We are now looking for support above 2137 or a break and lock below to open the lower half of the channel.
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
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another great finish to the week with all our multi timeframe chart ideas playing out perfectly hitting all our targets
Yesterday we completed our bullish targets 2190 and 2206 after confirmation lock of EMA5 above 2171. We then highlighted that failure to now lock above 2206 will follow with the rejection into 2171 and a break below to then 2151.
This has truly played out perfectly once again in true level to level fashion, allowing us to track and trade the movement up and own.
BULLISH TARGETS
2171 - DONE
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190 - DONE
2206 - DONE
Once again we will now come back Sunday with our multi time analysis, gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!!
Mr Gold
GoldViewFX
DXY (DOLLAR) IS TRYING TO RECOVER, (READ CAPTION)The dollar is trying to recover in today's trading from the US Federal Reserve's strike
The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments.
In this regard, the dollar incurred strong daily losses at the end of yesterday’s session, estimated at about 0.43%, affected by the less stringent statements of US Federal Reserve Governor Jerome Powell, which he made yesterday evening, as Jerome Powell said that postponing the interest rate reduction step may harm the US economy, It is expected that the interest rate reduction cycle will begin in the second half of this year, while hinting that despite the strong conditions in the labour market and the outstanding performance of the US economy, this will not prevent the US Federal Reserve from taking interest rate reduction measures.
This coincided with the pressures facing the dollar at that time immediately after the release of economic forecasts by the US Federal Reserve, which indicated the possibility of reducing US interest rates three times this year, which means that the US Federal Reserve did not take into account the rise in inflation rates during the past two months, and here it is worth noting. Pointing out that the markets now see a 65% chance that the US Federal Reserve will start cutting interest rates at the June meeting, according to the performance of tracking federal interest rates issued by the CME Group.
If you like this informative data and technical analyse please support my ideas and follow thanks for kindness.
EURUSD: The EUR continues to fall as the ECB can cut interest raThe euro is possibly to keep to conflict towards the greenback as weaker financial boom and quicker deflation withinside the European Union ought to pressure the European Central Bank to reduce hobby charges aggressively than the Federal Reserve.
EUR/USD fell 0.52% to $1.0862.
“We keep to count on EUR/USD to decline,” Morgan Stanley stated in a latest note, highlighting numerous elements in order to widen the differential among US and EU hobby charges, such as Deflation is quicker withinside the EU and financial boom is slower.
Morgan Stanley forecasts that the slowdown in European inflation will "arise quicker and at a decrease preliminary charge than US inflation", paving the manner for the ECB to "sign a quicker tempo of cuts than presently expected." now".
Expectations for an ECB hobby charge reduce as quickly as June had been boosted on Wednesday, following the Swiss National Bank`s marvel pass to decrease its benchmark hobby charge.
Swaps are actually pricing in a ninety% risk the ECB will reduce hobby charges in June, up from round 80% on Wednesday, with four, or ninety foundation points, cuts now priced in.
Meanwhile, the energy of US boom in comparison to the EU may also inspire the Fed now no longer to reduce hobby charges as little as in preceding cycles, Morgan Stanley stated. But different principal banks, such as the ECB, won't have that luxury, paving the manner for the USD "to hold a differential benefit over the EUR", MS added.
Meanwhile, slower boom out of doors the United States and ongoing geopolitical dangers also are possibly to help a more potent greenback, "particularly because the US election approaches", Morgan stated. Stanley stated.
GOLD 4H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Absolutely amazing finish on this chart idea!!!
We posted this chart idea last Sunday with our Bullish targets all the way into 2206.
We had the 2151 test earlier this week for support, as highlighted on the chart with no cross and lock below confirming the rejection for the bounce into 2171 weighted Goldlturn. Ema5 then gave us the cross and lock above 2171 confirming 2190 and 2206 , which was hit perfectly completing this chart idea.
Failure to now lock above 2206 confirmed the rejection into 2171 now acting, as support. If we see ema5 lock below 2171, we will see 2151 retest and failure to lock below 2171 will see another retest above at 2190.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2171 - DONE
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190 - DONE
2206 - DONE
BEARISH RETRACEMENT TARGETS
2151 - DONE
EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE
SWING RANGE
2101 - 2078
EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2052 - 2042
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
AUDJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity AUDJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
A piptastic day on the chart with our chart idea once again playing out to perfection hitting our 2166 target with plenty of dips to get in of the action, inline with our plans to buy dips.
Yesterday we stated we had the drop into the retracement range followed with the perfect bounce into 2155 Goldturn leaving 2166 let open.
- This was hit perfectly today alongside a clean finish at 2175. Respected the level perfectly!!
We are now looking for ema5 to cross and lock above 2166 to open the range above. Failure to lock above will see price back into the retracement range.
Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2166 - DONE
EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175 - DONE
2182
BEARISH RETRACEMENT TARGETS
2155 - DONE
2147 - DONE
EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE
SWING RANGE
2137 - 2129
EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2113
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Nice place to buy TSLA according to TAI am watching carefully TSLA, as far as I have invested into it before and currently I would like to add to my position. I am watching if it will react on fibonacci's golden pocket and demand where it is currently.
There are some nice divergences forming as well, which indicates a nice entry to the trade.
#OIL Price at profit taking placeHello everyone,
I'm thrilled to share my 101st analysis here, marking a significant milestone in my journey. While there were certainly some analyses that didn't pan out as expected, I believe the ones with better results outweighed them in total. I'd like to express my gratitude to those who supported the ideas, left comments, or liked the analyses. Your engagement motivates me to continue improving the quality of my work.
Now, let's delve into the analysis of the Oil price, as it has reached a crucial price level where profit-taking activity may occur, potentially leading the price lower.
As shown in the chart, not only has the price reached a bearish trendline that previously held it at lower levels, but we are also currently at the one-to-one price target projection of an inverted head and shoulders pattern , a level where many pattern traders would consider taking profits.
It's worth to note that as soon as the price reached this area, it encountered some bearish pressure and failed to sustain its bullish momentum.
At present, based on my strategy, I don't have any bearish signals or triggers. However, with a bit more patience, I believe a good opportunity may present itself soon.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
EURJPY: Asian foreign exchange falls ahead of Fed meeting; USD/JThe yen weakened sharply after the BOJ`s first hobby charge hike in 17 years, with USD/JPY hovering toward 150.
BOJ improved hobby fees with the aid of using 0.1%, bringing hobby fees to the impartial area after almost a decade of keeping bad hobby fees. The financial institution additionally signaled an cease to its yield curve manage and asset buy policies.
But the principal financial institution additionally stated that uncertainty approximately Japan's financial system could preserve financial situations in large part accommodative for the time being. Tuesday's charge hike, at the same time as historic, marks most effective a small step at the course farfar from the country's extraordinarily dovish stance.
This belief has dented the yen, as the principle strain at the Japanese currency - excessive US hobby fees - stays unchanged.
PYI CHANCE FOR DOUBLE PROFITThe formation of the cup and handle is seen to target the 1.61 fib along with the extension of the cup.
It's a small MC so be careful with your stakes. He successfully retested the last breakthrough. Higher prices can be expected, even doubling the amount.
Feel free to like and comment.
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
And another repeat of yesterday with our levels being respected to perfection.
We had another drop into the retracement range and once again, as stated for the perfect bounce into 2155 Goldturn and now once again heading towards 2166 Goldturn gap.
We just need to keep in mind a failure to break into the 2166 level will likely see the 2147 Goldturn support level test and break and open the swing range.
Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2166
EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175
2182
BEARISH RETRACEMENT TARGETS
2155 - DONE
2147 - DONE
EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE
SWING RANGE
2137 - 2129
EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2113
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
CAD/JPY: corrective structure in play?Hi Traders!
Important Tops were reached in the short term and we cannot exclude the completion of the bullish cycle, having said this, it could be interesting to continue following the pair on the intraday chart, because something like a corrective structure seems to appear. As we showed on the 1H chart, if there is a deep pullback or if the bearish corrective structure is close to completion, the technical target still remains bullish, around 111.25. In conclusion, we can consider this phase as a consolidation of the ongoing bullish trend.
Trade with care
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AUDUSD: AUDUSD prediction todayIn Australia, the Reserve Bank of Australia (RBA) is predicted to preserve hobby prices at its personal coverage assembly today, with nearby banks predicting no fee modifications till at the least overdue August. Carl Ang from MFS Investment Management commented that strong and guiding coverage prices are predicted amid excessive uncertainty, with a clearer inflation outlook wished earlier than any symptoms and symptoms of dovishness or fee cuts Which fee?
The Australian greenback observed a few guide early withinside the week from fantastic China records however remained beneath a two-month excessive of $0.6667 reached in early March on a robust US greenback move up. The New Zealand greenback additionally fell, buying and selling at $0.6079.
The euro rose barely 0.02% to $1.08735 and the British pound fell 0.05% to $1.2723. The greenback`s restoration became fueled with the aid of using current US monetary records displaying continual inflation, inflicting traders to re-evaluate their expectancies approximately the Fed's direction to hobby fee cuts.
The Fed's upcoming coverage choice this week is likewise in focus, with markets searching out symptoms and symptoms of whilst the crucial financial institution may begin slicing hobby prices. Goldman Sachs leader economist David Mericle has adjusted their forecast, now projecting 3 fee cuts with the aid of using 2024, down from four.
The greenback index, which tracks the dollar towards a basket of currencies, rose 0.02% to 103.60, after hitting a two-week excessive of 103.sixty five withinside the preceding session.
USDJPY: USD/JPY stabilizes, market focuses on BOJ interest rate The Japanese yen changed into mildly risky on Monday after a risky week amid hypothesis approximately an cease to the BOJ`s yield curve manage and terrible hobby quotes policies. The BOJ started a two-day assembly on Monday, with a choice to be introduced on Tuesday.
The USD/JPY change fee has fallen to 146 in line with dollar, specifically after reviews that Japanese hard work unions have performed big salary will increase this year. Recent facts additionally suggests that inflation stays stable, with each elements giving the BOJ sufficient self belief to cease its ultra-dovish policies.
However, analysts stay divided on whether or not the financial institution will increase hobby quotes in March or April, with the overall consensus barely leaning in the direction of an April move. BOJ predicted to elevate hobby quotes through 20% foundation factor to 0.1% from terrible 0.1%.
While any fee hike bodes properly for the yen, hypothesis over the timing of a fee hike has visible USD/JPY mark risky actions in latest weeks. The fee hovered round 149 on Monday.
USDCAD: Asian foreign exchange little changed, dollar steady aheMost Asian currencies traded slim on Monday, even as the greenback steadied close to a two-week excessive as cognizance became to a sequence of vital financial institution meetings, mainly are the Bank of Japan and the Federal Reserve.
Strong US inflation readings from final week left investors cautious of any tightening stance from the Fed, even as wonderful wages information and difficult inflation brought about a flurry of hypothesis approximately a whether or not the BOJ will stop its ultra-free guidelines this week.
GOLD 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two structures, support at 2151 Goldturn and resistance at 2171 Goldturn.
We are looking for a bullish test on 2171 and a break and lock above 2171 will open the range above. We also have a immediate bearish test at 2151 and a break and lock below 2151 will open the retracement range and a further break below the retracement range will see the swing range open.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2171
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190
2206
BEARISH RETRACEMENT TARGETS
2151
EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE
SWING RANGE
2101 - 2078
EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2052 - 2042
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
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.
We are now seeing the channel half line break with two weekly candle close above the half line with a long term gap open to 2199. However, we have a correctional retracement level at 2137 inline with the channel half line for a correction and potential support. We need to also keep in mind there is a ema5 detachment just below the half-line highlighted with a circle that may attach if any news drives momentum below the correction.
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
GOLD 4H ROUTE MAP & TRADING PLAN END OF WEEK UPDATEHey Everyone,
Please see update on our 4H chart idea that we shared last Sunday.
This chart has played-out perfectly with price hitting our first Bullish target start of the week at 2190 followed with no cross and lock above confirming the rejection into the retracement range completing our retracement targets.
We are seeing price bounce between the two structure now and will need the break and lock confirmation to open the next range. True level to level tracking and trading.
BULLISH TARGETS
2190 - DONE
BEARISH RETRACEMENT TARGETS
2171 - DONE
2151 - DONE
As always, we will now come back Sunday with our multi timeframe analysis, gold route map and trading plans for the coming week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GBPUSD: The USD increased due to concerns about US inflationThe US greenback bolstered on Friday, poised to interrupt a three-week dropping streak, fueled via way of means of issues approximately US inflation facts exceeding expectancies. The facts motivated marketplace expectancies of the Federal Reserve`s hobby charge choices for the relaxation of the year.
On Thursday, the United States manufacturer rate index for very last call for in February turned into stated to have expanded 0.6%, surpassing the 0.3% boom predicted via way of means of economists. This follows reviews from Tuesday displaying customer charges rose considerably for the second one instantly month in February.
While the Federal Reserve is about to convene subsequent week, no modifications to hobby charges are predicted at this meeting. However, traders are eagerly looking ahead to the Fed's financial forecasts and feedback from Fed Chairman Jerome Powell.
Recent inflation reviews have dampened traders' expectancies, with the opportunity of a Fed charge reduce in June now at 60%, down from 74% ultimate week, as indicated via way of means of CME FedWatch tool. Ryan Brandham, head of world capital markets for North America at Validus Risk Management, referred to the demanding situations beforehand in containing inflation withinside the US. He thinks the Fed may also postpone reducing hobby charges into 2024 because of those demanding situations.
Traders at the moment are predicting seventy six foundation factors in charge cuts for this year, greater in keeping with the Fed's December forecast.
The greenback index, a gauge towards six foremost currencies, edged up 0.058% at 103.forty four after growing 0.55% on Thursday. The index is monitoring for a 0.7% advantage for the week, marking its first weekly advantage in a month.
The euro and pound noticed declines towards the greenback, with the euro down 0.04% at $1.0877 and the pound down 0.10% at $1.2738
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Following on from yesterday, as suggested we are seeing price play within the range 2178 Goldturn resistance and 2157 Goldturn support.
Yesterday we stated that EMA5 failed to lock below 2157 retracement level, which followed with the bounce into 2166 and leaving target 2178 open. This was hit perfectly and then once again ema5 failed to lock above 2178 confirming the rejection back down to 2157.
Once again no lock below 2157 confirmed another bounce up now heading towards 2166 as next resistance.
We are now likely to see price range sideways between this structure until one locks opening the next set of 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
2184 - DONE
EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS
2192
2201
POTENTIALLY 2210
BEARISH RETRACEMENT TARGETS
2178 - DONE
2166 - DONE
2157 - DONE
EMA5 CROSS AND LOCK BELOW 2157 WILL OPEN THE SWING RANGE
SWING RANGE
2147 - 2137
EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2122- 2133
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
S&P500 3 Months Trading Channel Hey guys, didn't post new set-ups because the market is quite boring right now.
But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade.
Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions, as the channel is raising I will recommend to trade only long positions.
What we're looking for before open the position:
1) The price have to cross the support level of the channel
2) As a help you can use Awesome Oscillator (if the oscillator is changing color and starting to raise up) you can use this as confirmation to open the position.
IMPORTANT! Don't forget to follow RM strategy. Use SL orders a bit lower from price crossing the support line!
Trade stocks and ETF at BingX with no special requests, only using crypto by my link: bingx.com