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GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened 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 LAST WEEKS 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. CURRENT UPDATE We got the test at 2421 completing the gap from last week and our monthly chart idea and now the detachment below has also moved up with the momentum of the movement last week closing the gap further like we said above. We now only have 2483, as our long term extended target on this chart idea left. 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
12
EURUSD BUYWeekly: 1. Direction: Bullish 2. Reasons: 1. Price disrespected the FVG 2. massive displacement to the upside 3. Price is moving from IRL to ERL 4. Price reacted of weekly FVG (2) Daily: 1. Direction: Bullish 2. Reasons: 1. Price is respecting the daily FVG 2. Good displacement to the upside 3. Price took a daily swing high 4. Price is moving towards major swing highs 4H: 1. Direction: Bullish 2. Reasons: 1. Good displacement to the upside 2. Price created FVG 3. Price might react from FVG 4. Wait for 15M MMBM
Long
by tradermebiali
2
GBPUSD BUYWeekly: 1. Direction: Bullish 2. Reasons: 1. Price disrespected the FVG 2. Good displacement to the upside 3. Price is moving from IRL to ERL Daily: 1. Direction: Bullish 2. Reasons: 1. Price never tested the daily FVG 2. Good displacement to the upside 3. Price took a daily swing high 4. Price is moving towards major swing highs 4H: 1. Direction: Bullish 2. Reasons: 1. Price never tested the daily FVG 2. Good displacement to the upside 3. Price might react from FVG 4. Wait for 15M MMBM
Long
by tradermebiali
XAUUSD. Weekly trading levels 13 - 17.05.2024We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. Last week is HERE or in the related ideas at the bottom of the post. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern. Don’t forget to like Rocket, Comments and Subscribe!!!
FOREXCOM:XAUUSD
by Forex_Hoby
GOLD MARKET UPDATEHey Everyone, I don't to really have to say anything as the chart is doing all the talking!!! Our chart idea has played out perfectly with only our last target in the range to complete 2408, which was hit perfectly today completing this chart idea. Our targets gave us plenty of chances to get in for the entries form every dip using our weighted levels, as part of our plans to buy dips. BULLISH TARGETS 2365 - DONE 2379 - DONE EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS 2393 - DONE POTENTIALLY 2408 - DONE BEARISH TARGETS 2346 - DONE 2337 - DONE We will now come back once again on Sunday with our multi timeframe analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a smashing weekend!!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
25
XAUUSD : Gold will reach its all-time highWorld gold price (XAU/USD) decreased slightly yesterday after increasing to nearly reach 2,400 USD/ounce. According to experts, the reason may be due to profit-taking pressure after the strong increase the previous day. In addition, the recovery of the USD is also detrimental to gold. In the short term, the combination of stable inflation and weakness in other economic data such as retail sales actually provides positive support for gold. In the long term, according to Ms. Gita Gopinath, Deputy Managing Director of the IMF, gold is increasingly asserting its position in a context full of potential economic and political risks. Gold demand has increased steadily because the precious metal is considered a "politically neutral haven asset that can be stored domestically and avoid sanctions or confiscation." With the same opinion, ROTH Capital Partners analysts also predict that gold prices will increase even higher in the coming months, even exceeding 2,600 USD/ounce.
OANDA:XAUUSDLong
by SantaTradeGold
GOLD : Gold will continue to increase to the highest levelGold prices are in a slight decline. The reason may be due to profit taking after increasing by more than 1% the previous day. The release of lower-than-expected US CPI and Retail Sales data for April has led to a change in expectations about the Fed's future interest rate path - an important factor contributing to the direction of gold prices. . Lower-than-expected CPI data shows signs of cooling inflation, meaning the time for the Fed to lower interest rates may come sooner. According to the CME FedWatch tool, there is a 75% chance that the Fed will start cutting interest rates from its September meeting. This number is much higher than the 65% level before the announcement, according to FXStreet editor Lallalit Srijandorn. However, the outlook for the precious metal remains positive as demand from central banks - especially in emerging markets - continues to be strong, geopolitical risks remain present and trade concerns remain strong. Global trade is unstable due to political factors. In fact, according to data from the World Gold Council (WGC), gold demand increased 3% to 1,238 tons in Q1, the strongest increase since 2016.
TVC:GOLDLong
by SantaTradeGold
EURJPY SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement EURJPY is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
9
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Please see our updated 1H chart we have been tracking since Sunday with only the retracement range Goldturn updated with current data. Our chart idea has played out perfectly inline with our plans to buy dips with the move up from the retracement range all the way into hitting all our Bullish targets we highlighted on Sunday. 2408 is our final potential target but not one to chase all the way that's why we always state the extended target as potential. However a retest on the 2393 Goldturn with a cross and lock will solidify this target. 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 - DONE 2379 - DONE EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS 2393 - DONE POTENTIALLY 2408 BEARISH TARGETS 2346 - DONE 2337 - DONE EMA5 CROSS AND LOCK BELOW 2337 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
28
Gold prices retreated in accordance with market expectations💥 GOLD information World gold prices decreased with spot gold down 27.2 USD to 2,335.7 USD/ounce. Gold futures last traded at 2,342.2 USD/ounce, down 32.8 USD compared to yesterday morning. Short-term futures traders rushed to book profits after recent gains put pressure on the yellow metal in early trading of the week. Meanwhile, the market is still waiting for further data to know more about the interest rate direction of the US Federal Reserve (Fed). Currently, traders and investors are waiting for important US inflation data for April with the producer price index to be released on May 14 and the consumer price index on May 15. 5. PPI is forecast to increase 0.3% over the previous month, compared to a 0.2% increase in the March report. CPI is forecast to increase 0.4%, unchanged from the March report. CPI Annual growth in April is forecast to increase by 3.6% compared to a 3.8% increase in the March report. Recently, Fed officials have said that the Fed will loosen monetary policy if there is evidence that inflation declines sustainably. Therefore, this data is very important and is expected to have a great impact on the future direction of gold. 💥 Technically Gold retreated to around 2330 with support from EMA 89. Gold price rebounded from this area, showing that the main trend of the market is still uptrend. It can be said that gold is stuck within the trendline border in the h4 frame and is heading towards the lower trendline area. The support level of 2330 is still enough to push the gold price to 2360 or 2375 if it remains above the important technical area of 2330. If you break out of 2375, then Correctly determined according to the current market trend is that gold will touch the old peak of 2432 in June or September.
OANDA:XAUUSD
by TVS-Trader
GOLD slight recovery for the long uptrendGold prices extended gains near $2,360 on Monday during the first hour of trading in Asia. Rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. Gold prices traded positively during the day. The yellow metal kept the bullish trend intact as it held above the key 100-day Exponential Moving Average (EMA) on the daily timeframe. In the short term, XAU/USD climbed above the descending trend channel that formed in mid-April, with the 14-day Relative Strength Index (RSI) sitting in a bullish zone around 67.50, supporting buyers in current time. If gold bulls enter the psychological $2,400 mark, the yellow metal could see a rally to all-time highs near $2,432, en route to $2,500. Gold price is trying to break the 2375 level to reach the round port of 2,300 USD. Support: 2350 - 2340- 2332 - 2327 - 2316 Resistance: 2378 - 2391 -2400 - 2408- 2417 Breakout: Sell 2346 - Buy 2379 SELL zone 2391 - 2393 stop 2396 BUY zone 2330 - 2328 stop 2324
OANDA:XAUUSD
by TVS-Trader
Gold back to 2400?Gold prices continued their uptrend on Thursday and rose more than 1% as US Treasury yields fell, reducing the greenback's appeal. Labor market data from the United States was weaker, increasing the chances of an interest rate cut by the Federal Reserve despite facing inflationary pressures. XAU/USD's daily chart shows it has slowed its recovery around the slightly elevated 20 Simple Moving Average (SMA), at around $2,345. Longer moving averages maintain their upward slope well below current levels, while technical indicators remain below midlines with no clear directional strength. Overall, Gold extends its consolidation phase ahead of a suitable directional catalyst. Looking ahead and according to the 4-hour chart, XAU/USD is neutral. The pair met with intraday buyers around the bullish 200 SMA but failed to extend gains beyond the slightly bearish 100 SMA. Finally, technical indicators remained unchanged at positive levels, showing that bulls are more willing to jump in. The resistance zone at 2375 is currently expected by investors to be able to reduce the increase throughout today. The price range of 2375 and 2352 will be the trading range in today's US session. If the recovery level is nice enough, gold's destination will return to around 2400 soon. SELL zone 2375-2377 SL 2380 BUY zone 2353-2351 SL 2348
OANDA:XAUUSD
by TVS-Trader
XAUUSD : Gold has the ability to reach new heightsMore progress in deflation remains to be seen Chicago Fed President Austan Goolsbee welcomed the drop in inflation in April but said deflation progress needs to be firmer. Speaking Wednesday after the CPI excluding food and energy prices fell for the first time in six months, Goolsbee expected more such good data to come before making a decision to cut interest rates. “Inflation data improved quite a bit compared to what we expected, but still higher than where it was in the second half of last year,” Goolsbee said in an interview on the radio show Marketplace. “Because So, more progress still needs to be recorded in the deflation process.” The Chicago Fed president, who is not voting on policy this year, called the deflationary path bumpy and pointed to housing inflation as a key indicator he is watching. Fed officials have downgraded expectations for a first rate cut, stressing the need to keep rates high for longer amid persistent inflation.
OANDA:XAUUSDLong
by SantaTradeGold
DXY : The USD continues to weakenThe USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. US government bonds recovered after economic data along with the sell-off of Japanese bonds. The gap between US and Japanese 10-year government bond yields narrowed nearly 20bps this week. The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week low at 104.17 at the beginning of the Asian session.
TVC:DXYShort
by SantaTradeGold