GOLD (XAU)US inflation eased less than expected in September to 8%, and underlying prices excluding food and energy prices accelerated to a new four decade high
Core CPI gained at its highest annual pace in 40 years, rising 0.6% for the month and 6.6% for the year and Fed funds futures are now pricing in 75 bps in December, up from 50. Moreover, terminal rate expectations rose to 4.85% in March. As a consequence, the 10-year Treasury yield rallied to 4.080% while the 2-year yield was up to 4.535%. As measured by the DXY index, the US dollar dropped by 1% to almost 112.14 as risk sentiment returned to markets. At the time of writing, the DXY index is down by some 0.73% having fallen from a high of 113.92 to a low of 112.147 so far
Gold close to very important support level 1550-1500 and If it break down then we go back 1450-1400 support zone
1300-1200 is a good buy and long zone , my short position at 1940 is still open
Can bears break 1500 support zone?
Goldsignals
XAUUSD ( UNDER SWING 2,337 $ )XAUUSD
HELLO TRADERS
in the last chart , as mentioned the price under bearish pressure , dropping + 180 pip
it is continues a dropping to 2,302 $
Tendency the price is a bearish pressure in 2,327$
TURNING LEVEL : the price turning level at 2,327$ , price stable below this level it becomes reach a support level , but if breaking this level by open 4h candle above this level reach to 2,343$ active bullish area
RESISTANCE LEVEL: if the price braking turning level at 2,327$ , the price will rise to 2,343$ and 2,357 $ , then stable this level reach to 2,372 $
SUPPORT LEVEL : the price trade below turning level 2,327$ , it will reach the support level of 2,302 and 2,288 $, stable this level reach to 2,260 $
CORRECTIVE LEVEL : price will 2,327$ or swing 2,337$ , correct itself before decline
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XAUUSD congrats sellers!! whats next?! good evening gold gang! wow another great day price following the analysis perfectly!! .. we caught the sells in the group but i was stopped at break even before the big drop once again but many in the group stayed in so congrats you lot!
the HTF trend is broken but the fundamentals are still bullish so keep an eye on the major news announcements this week. I would like to see a pull back in asia to sell down in london again to the major algo 2279. Id like it to spike there to take buys back up to follow news but will need to see at the time
no buys for me at the minute until the level at 2312 is cleared and closed above ..
lets have another good day! follow this page and like if you want me to keep posting on here again after a break ,, im enjoying it!
catch you in london
Tommy
USDJPY buyUS dollar vs Japanese Yen as we can in our chart the is pair is moving in a channel and we are seeing a potential buy side move keeping in view this situation we uphold that the pair can reach to the 162.450 level and then may be rejected from this level because of its historical significance and also the level is formed over weekly time frame and market has been rejected historically two times from this significant level if market is not rejected from this resistance level and breaks this level then it could reach Monthly Resistance level so keep watching the market
GOLD UPDATE 17/06/24 - 21/06/24- Gold prices remain under pressure, continuing their bearish trend after a steep sell-off last Friday. Today, gold prices fell as the U.S. dollar strengthened. This rise of 0.1% in the dollar makes gold more expensive for holders of other currencies.
- Technical View
The key level is 2,234. A sustained move under $2,344 will signal the presence of sellers. If this creates enough downside momentum, then look for the selling to possibly extend into the last swing bottom at $2,277.34. This could trigger an acceleration to the downside with the next target bottom at $2,146.15.
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the chart with our level to level tracking and trading out as analysed.
Yesterday we advised that we were playing in an extended range with a gap above at 2339 and the retracement gap below at 2312.
We got the retracement level hit at 2312 followed with a cross and lock below opening the swing range.
- The swing range was hit perfectly and did exactly what it says on the tin by giving the swing bounce perfectly into the next Goldturn allowing us to strategically buy dips from the weighted levels.
We will now look for ema5 to cross and lock above 2302 to complete movement into 2312. Failure to lock above this level will see swing range tested again. A break below the swing range will open the range below into 2285.
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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312 - DONE
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294 - DONE
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
XAUUSD Analysis was great, execution was not .. heres why Good evening gold gang!! another lovely bit of short term analysis playing out with a little twist ... price broke structure in asian as expected before shooting up in london pre ny! This had us fooled as it looked like it was coming up but it was actually tapping the zone from yesterday before dropping all the way through in the intended position.
The sells i had eyed up from the top .. but they were outside of my trading hours pre NY so i followed my rules and didnt take them
The current area were in now is dangerous as its sandwiched between 2 HTF zones and we need a break out. Price is respecting the current trend being bullish .. but its very close on its 4th touch of the trend! so it could collapse in asia. Lets wait for a clear break of the zone before entering
catch me in the DMS if you have questions ... its nice to be back posting on here after so long and reconnecting with you all!
have a great rest of your day
big T
GOLD ROUTE MAP UPDATEHey Everyone,
A choppy day on the charts today with 2330 broken leaving a gap open to 2339. We got the push up into 2337 and just fell short by 20 pips leaving 2339 gap open.
The rejection tested the Goldturn support below with 2323 providing the bounces, as advised yesterday.
We are now plying in an extended range with a gap above at 2339 and the retracement gap below at 2312.
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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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
XAUUSD 2 options for tomorrow, lets discuss Good evening gold gang! a great day today catching 2 buy positions as planned last night. Well done to those who got in.
Price is still making bullish structure so i need to see a break of this and retest before selling currently. Buyers be aware we have a solid section of price at 2338 that will create a reaction .. ideally id like this cleared by london. Scalp sells can be available there but will need confirmation.
Geopolitical news of war etc is still bullish for gold and im expecting it to continue to rise as long as the HTF remains in trend.
the trend is your friend until the end as they say
have a great rest of your day and ill catch you in london
Tommy
GOLD ( STABLE UNDER 2,337$ )XAUUSD
HELLO TRADERS
the price of gold yesterday , stable in 2,327$ to rise , today stable under 2,337 $ , should will the price corrective to 2,337 $, may be swing 2,343 before decline .
Tendency of the price is under bearish pressure , the price of gold stable trading below turning level at 2,337$, will reach to support level 2,322 $ and 2,302 .
for bullish of the price should be breaking a turning level at 2,337 $ , by open a 4h and 1h candle above 2,337$ , easily the price to reach a resistance level at 2,357, stable this level reach to another resistance at 2,372 $ .
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GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
A PIPTASTC start to the week with our Bullish targets 2323 and 2333 shared yesterday completed today.
We will now need to see ema5 cross and lock above 2330 to open the range above. Failure to cross and lock will confirm rejection to re-test 2330 and 2323 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 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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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
XAUUSD Needs to correct a little more. Timing for buy is crucialLast week (June 18, see chart below), we analyzed Gold (XAUUSD) on the 1D time-frame, clearly stating that the May 20 Channel Down was more likely ready to reject the price on its top (which is what happened) and then make one final pull towards the 1D MA100:
This week we want to put that medium-term price action into a longer term perspective, presenting to you the 1W outlook. As you can see the current 1-month correction is nothing but a technical pull-back for the 2-year Channel Up in the form of a Bearish Leg. The 1D MA100 (red trend-line) has been the first line of Support on all of those Legs with the 1W MA50 (blue trend-line) being the 2nd and the 1W MA200 (orange trend-line) the 3rd, which has only made contact once in more than 1.5 years.
Since that is now much below the Channel Up, if the 1D MA100 fails to hold, then the next and final in our opinion level of long-term accumulation should be done on the 1W MA50, which is now perfectly located at the bottom of the Channel Up.
The similarities between all Bearish Legs RSI (in 1W terms), show however that the 1D MA100 will most likely hold. If it does, then the 1W RSI should break above its MA level (yellow trend-line) and confirm the new Bullish Leg, otherwise the 1W MA50 becomes a strong probability, like the July 24 2023 rejection.
With regards to the Target, our long-term candidate is 2600, very well placed near the top (Higher Highs trend-line) of the 2-year Channel Up.
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GOLD (XAUUSD): Intraday Bullish Confirmation?!
Analyzing the intraday price action on Gold this morning,
I spotted an ascending triangle formation with a confirmed
bullish breakout of its neckline.
It is an important local sign of strength of the buyers.
It occurred after a test of a daily trend line that we discussed earlier.
I think that the growth may continue today.
Goal - 2343
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XAUUSD im still bullish on gold!! heres why whats up guys im back after a little while posting on here .. hope you're all well
Price to be failed to break swing lows on the daily and is respecting current 4h trend so i am still bullish! .. geopolitical factors too with the war keep me thinking price can come up
looking for confirmation to buy down here at the bottom during london session tomorrow but need to keep in mind the obstacles in my way like the 4h zone 2338 .. price is likely to bounce there
other than that lets see price play out in london and make informed decisions from there
have a great week!
tommy
XAUUSD ( UNDER BEARISH PRESSURE ) ( 1D )XAUUSD
HELLO TRADERS
Tendency the price is under bearish pressure at 2,330 $
TURNING LEVEL : the price of turning level at 2,330$ ,for this week the price stable in sell zone, if breaking turning level at 2,330$ , by open 1D , 4H , 1H candle active by zone the price it will attempt to resistance level
ACTIVE BUY ZONE :
active this zone by breaking turning level at 2,330 $ , after breaking this level by open 1D candle easily to reach a resistance level at 2,373$ , stable this level reach to 2,400 $
ACTIVE SELL ZONE :
stable below turning level by open 4H and 1H candle , the price it will attempt to reach support level at 2,300 $ , stable this level by open 1D candle reach to 2,252$
CORRECTIVE LEVEL : price will 2,330$ , correct itself before decline
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GOLD (XAUUSD):Analysis For Next WeekMarket Direction-- Down⬇️
Level to Look Out--2285-2280 Targets
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
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GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2330 Goldturn resistance and 2312 support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range.
We have 2323 bullish target before an attempt of the challenge of 2330, which will then need an ema5 lock to confirm the range above.
We also have 2312 Goldturn weighted support below that will need ema5 lock to open the range below into 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
2323
2330
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
The sell off Friday shifted two range and therefore opened a bigger range for corrections and tests.
We have the weighted level above at 2346 holding this range with 2325 and 2337 on the way that will need re-tests to confirm a benchmark correction.
We also have 2313 weighted Goldturn level holding support on this range and will need ema5 lock to 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
2325
2337
2346
EMA5 CROSS AND LOCK ABOVE 2346 WILL OPEN THE FOLLOWING BULLISH TARGET
2360
EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET
2376
BEARISH TARGETS
2313
EMA5 CROSS AND LOCK BELOW 2313 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2290
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 DAILY CHART UPDATE Hey Everyone,
Please see update on our daily chart structure.
Last week we stated that 2309 support gave the rejection and the perfect bounce heading towards the 2355 open gap.
- This gap was completing perfectly as analysed. No ema5 lock above this level and therefore a rejection here for the drop. We will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range.
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
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
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our mid to longer term weekly chart idea.
Last week we advised that although we saw price break out of the channel, ema5 had created the true channel top resistance and that we also have support at 2310 Goldturn above the channel half line. We also advised that although we have a close below 2310, ema5 remains above 2310 providing the support for a bounce heading towards 2356 for a test.
- This test was completed with a 2356 clean HIT!!!!
The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
The levels within the channel will provide the bounces inline with our plans to buy dips in true level to level fashion using our smaller time-frames. Buying dips allows us to safely manage any swings instead of 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 (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Rising Trend Line
Horizontal Structures
Support 1: 2277 - 2303 area
Resistance 1: 2360 - 2368 area
Resistance 2: 2378 - 2388 area
Resistance 3: 2426 - 2450 area
Consider these structures for pullback/breakout trading next week.
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GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
What a chart blowing week we had with our 1H chart idea playing out to true perfection. This chart idea was shared on Sunday for this week and delivered the goods.
We started the week with our retracement range challenged. No lock below the retracement range gave us the bounce clearing 2332 target. This followed with a cross and lock confirmation opening 2343 and 2349. 2343 and 2349 both were hit completing our next set of Bullish targets. We were then left with 2349 lock opening the last target of the range at 2367 precision TP.
- This target was hit today completing the week with a FULL HOUSE!!!!! for a perfect finish before the big sell off- BOOOOOM!!!
EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET
2343 - DONE
2349 - DONE
EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET
2367 - DONE
BEARISH TARGETS
2322 - DONE
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2312 - DONE
As always, we will now come back Sunday with our multi time frame 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 smashing weekend all!!
Mr Gold
GoldViewFX