GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$Hey Everyone,
We have hit all our TARGETS on the 4H chart last week!
We now have a candle body close above 1865 opening 1879. We have a EMA5 detachment from price so expecting some retracement but this detachment can meet halfway between 1865 and 1856, as price magnetises and drags up EMA5.
BULLISH TARGETS
1879, 1885
RETRACEMENT TARGETS
1865, 1856
SWING RANGE
1843
STRUCTURE SUPPORT
1836, 1836
This maintains the current structure
As always we will keep this chart updated with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Xauusdsignals
XAUUSD | Perspective for the new week Gold hits a 4-Week high as the U.S. Inflation report shocks the market participants hereby confirming a 41-year high which suggests that the Federal Reserve could get more aggressive with rate hikes in the nearest future hence a potential clamour for a haven in the yellow metal appears to be increasing as we head into the new week. So, In this video, I have identified a key level at $1,870 that shall be a guide as a break above and retest could push the price further up.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSdlD ready to plunge to 1753.79-1738sGold plunge to 1875 was a result of unfinished business on 4hours timeframe and formation of triple tap on multiple timeframe and is set to cap there. Any move up to cap at 1880.88 and is likely to cap there which validates a move to 1753.79-1738s which once happens a move above 1880.88 will be ruled out for very long time. Technically Gold set to be capping near 100DEMA till this happens
GoldViewFX - Market UPDATEHey Everyone,
Lovely day of milking buys from support levels from the drop. We did take a position at the top, which we covered from positions from the bottom. Breaking down LOTs in small sizes in tight ranges is the best way to handle this market condition when positions get stuck in swings, we call this range management. We run an open and honest channel so like to share everything!
I have updated the 4H chart Goldturns with the most upto date levels. We have a tight range between 1843 and 1853 and price is playing between this closed range. We need to see EMA5 cross and lock outside this range to confirm a breakout to the next Goldturn.
1836 is still providing the overall support for this structure. We will not target the BULL targets directly, as the best approach for us is to buy from support levels, as long as we remain above the swing range. A break below this structure and we will review the 4H chart setup.
Bullish TARGETS
1853, 1865
Bearish RETRACEMENT TARGETS
1843
SWING RANGE
1830, 1836
As always we will keep you updated with any changes to our plans with regular updates throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD | New perspectiveWith a reversal pattern in the form of an inverse head and shoulder on the 1H time frame; I am of the opinion that bullish momentum might be lining up as we head into the end of the week. So, this video explains how I intend to take advantage of the bullish move if it finally happens!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD Still bearish unless this level breaksGold (XAUUSD) has established a Channel Down pattern since its March 08 peak during the Ukraine - Russia war. Since May 16 it has been forming its new leg to a Lower High but three sessions ago it got rejected on the 4H MA200 (orange trend-line), cutting the uptrend from a 1D MA50 test (red trend-line) which is the long-term pivot for Gold between a bullish and a bearish trend.
Being a barometer, it won't be until Gold breaks the Lower Highs (top) trend-line of the Channel Down, that a sustainable bullish reversal can be achieved. Until then, every such rejection, is a sell opportunity towards roughly 1790, which is the top of the 2021 Support Zone. Notice also that the 4H Golden Cross (when the 4H MA50 crosses above the 4H MA200) got held up with that 4H MA200 rejection last week and then last time we had such a Golden Cross was on February 11, right at the start of the enormous war rally.
As a result if a new 4H Golden Cross is achieved and the Lower Highs break, be ready to buy the break-out with short-term targets the Fibonacci retracement levels.
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XAUUSD One last dump possible before a 2000 rallyGold (XAUUSD) is consolidating for the 6th straight day after the mid-May rebound. So far the 4H MA100 (red trend-line) is being used as the short-term Support. As long as this holds, the 1D MA50 (blue trend-line) is the immediate target.
If broken and a 1D candle closes below it, we may see an aggressive correction of the rally towards 1800 - 1785, in the same manner as March 2021, whose fractal the current price action seems to be following. Both sequences bottomed at around -10.50% from their tops, were under Lower Highs with 2021 briefly consolidating on the 4H MA100 before dropping to the previous Low. Notice that in both sequences the initial rebound stopped and got rejected on the 0.382 Fibonacci retracement level.
What followed after that in 2021 was an aggressive rally to the 1.236 Fib extension. If we complete the current pattern in the same fashion, then a 1.236 leg would be just above 2040. It might be safer to target the start of this correction just below 2000.
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XAUUSD (GOLD) - Analysis Hello traders,
hope you are well and keeping safe.
We took beautiful shorts this week on gold and capitalized on +250 pips currently running in profit.
Expecting price to come down to the market TP level and make a reversal possibly going into next week.
Keeping an eye on these major zones !
Happy trading !
ETGL TEAM 💛
XAUUSD Targeting the 4H MA200 short-termGold (XAUUSD) has turned the 4H MA50 (blue trend-line) into a Support as it broke the Lower Highs trend-line of the April/ May downtrend. As you see this is now the Pivot line and last week it successfully held as Support upon testing.
The 4H RSI got rejected exactly on the 70.00 overbought barrier and should turn neutral as the rise will most likely continue in a more sustainable manner. As long as the 4H MA50 pushes the price, the short-term target is the 4H MA200 (orange trend-line) with our projections showing contact within 1885 - 1890. See also how well the Fibonacci retracement levels have acted as Resistances and provided short-term rejections.
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XAUUSD | Perspective for the new week | Follow-up detailsIt is believed that the Federal Reserve is letting the stock market crash in order to bring U.S. inflation under control. It was a challenging week for the value of Gold which plunged on Monday to $1,787, its lowest level since the beginning of the year to incite what looks like a reversal pattern as price action started to find higher lows that culminated in a breakout of structure on Friday (see 4H time frame). Hence from a technical perspective, I am looking forward to the confirmation of this reversal set-up to join the potential rally in the new week.
NB: I didn't know that the video length that can be recorded on Tradingview was capped at 20minutes hence the abrupt end of the video. So, the second possible entry point can be seen in the link in the comment section below.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD Can scratch 1900 but watch the 1D candle closesGold (XAUUSD) has been trading within a Channel Down since its March 08 top due to the 'fear' mix of war and inflation. On Thursday it broke below its 1D MA200 (orange trend-line) for the first time since February 07 2022 and Friday saw the price touch the bottom (Lower Lows trend-line) of the Channel Down. Today it marginally broke below it, with the 1D RSI hitting the 30.000 oversold mark but the price is recovering and we should pay close attention to the 1D candle closings.
As long as we close inside the Channel Down, it is more likely to see a rebound towards the 0.5 Fibonacci retracement level of the last Lower High, as seen on the previous rebound within the Channel. If done within May, it may test the 1D MA50 (blue trend-line) as a Resistance.
If however a 1D candle closes below the Lower Lows trend-line, I expect the price to seek the lower Channel Fibonacci extension of -1.00 around 1720 - 1715. Below 1700, the way opens for a 1W MA200 (red trend-line) test, for the first time since December 06 2018.
Note that in order for the long-term bullish trend to be restored, Gold has to break the previous Lower High which was marginally below 2000.
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XAUUSD | New short term perspectiveWith a bearish trendline holding since the beginning of the day, we want to be ready to take a potential sharp decline.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD - GOLD CURRENT SITUATION⛔️ The most important news related to gold is to be released today in the New York session. That is USD CPI DATA. This CPI DATA is the inflation data for America. These are very VOLATILE and very fast and very fast EFFECT DATA to GOLD.
⛔️ US10Y is currently down slightly to 2.94% LEVEL. It was a little CORRECTION just like we thought. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. Now DXY seems to be a bit CORRECTION after last week's FOMC. We look forward to hearing from you. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. Also when we look at DXY it has moved up to DXY 103.72 LEVEL.
⛔️ GOLD PRICE is currently moving below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS. But currently GOLD can be SELL before UP.
⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a GREEN COLOR. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly DOWN SIDE BIAS. BONDS SPREADS IS GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
⛔️ GOLD PRICE can be DOWN again before UP. So GOLD can go back to 1787 LEVEL. After that you can definitely go up to GOLD price 1966 LEVEL. If the RESISTANCE LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION.
⛔️ However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.