GOLD ShortXAUUSD Was rejected recently from ATHS - 2450s now fighting to stay above 2300. I still believe that the price has to move lower to find demand before moving back up. Next area to be tested will be 2300. Areas of support are 2300, 2260, 2200 and finally at point marked A Area.
Long term trend- Bullish
Short term- Sideways to bearish
Let me know what you think about this thing
Goldsignals
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Just pure perfection on the level to level tracking!!!
Yesterday after completing 2361 and rejection we confirmed price was heading towards the 2322 weighted level and also stated that, as long as ema5 remains above 2322, we can use our smaller time-frames and intraday levels to buy dips from this range.
- This played out perfectly for the 2322 touch and then the reaction for the buys inline with our plans to buy dips.
Price will play between both weighted levels until we see ema5 lock above or below either level to open the next 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
2361 - DONE
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322 - DONE
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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
The opposition between the FED and Middle Eastern politicsComplicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate yields.
Amid the worsening situation, this news pushed the safe-haven asset gold up rapidly. However, gold also needs more of these types of impacts to reach its original price of $2,400.
In addition to closely monitoring the situation taking place in the Middle East, traders also need to pay attention to developments from the ongoing conflict in Ukraine, etc. Basically, traders need to pay attention to everything. Regardless of any major geopolitical developments happening globally, gold is an asset that easily reacts to sudden news on the market.
Analyze technical prospects
Gold is trying to operate around the EMA334 level as it recovers from the technical level of $2,324 USD, which readers noticed in last Friday's edition. However, the recovery momentum is limited with EMA21.
For the gold price to be technically bullish, it would at least need to break out and return to above-trend activity i.e. above the 2370 zone and its short-term target level followed by the opening Fibonacci level. The wide trend is the original price of 2,400 USD.
Meanwhile, gold is at risk of a further decline if it sells off below the $2,324 support level with a target then around $2,305 – $2,300.
Support: 2335 - 2,324 - 2305 USD
Resistance: 2,356 –2,370 - 2,400 USD
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today, tracking the movement up and down.
Yesterday we stated after hitting 2361 that we now need to see ema5 lock above 2361 to open the next target or rejection with no lock. We were able to get a few more hits on the 2361 level during Tokyo session and were able to use the smaller timeframes to buy dips.
2361 failed to cross with ema5 and therefore confirmed the rejection that we are seeing now towards the 2322 weighted level. As long as ema5 remains above 2322, we can use our smaller time-frames and intraday levels to buy dips from this range.
Our 1h chart has a gap open to 2365, which was just short by a few pips but as good as done and we have support at 2331 on the 1H chart. We will keep this in mind, as we track both charts.
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
2361 - DONE
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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 UPDATEHey Everyone,
Another great day on the market today completing our 4H chart idea bullish target.
This chart was shared on Sunday with 2361, as an open target. This target was completed today with a perfect hit.
We now need to see ema5 lock above 2361 to open the next target. Our 1h chart has a gap open to 2365, which was just short by a few pips. We will keep this in mind, as we track both charts.
As stated above we will need to see ema5 lock above 2361 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2290 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
2361 - DONE
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed hitting our open bullish target at 2350. We were able to trail this to 2358 for a nice catch.
We are now seeing ema5 lock above 2350 opening 2365 and 2378. 2365 will need a ema5 cross to further confirm the 2378 gap.
We now have gaps above and a retracement range below that has not had a test. As long as we stay above the retracement range, we are likely to see the bullish gaps complete. A break and lock below the weighted level of the retracement range 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
2350 - DONE
EMA5 CROSS AND LOCK ABOVE 2350 WILL OPEN THE FOLLOWING BULLISH TARGETS
2365
2378
BEARISH TARGETS
2315
EMA5 CROSS AND LOCK BELOW 2315 WILL OPEN THE SWING RANGE
SWING RANGE
2274
EMA5 CROSS AND LOCK BELOW 2374 WILL OPEN STRUCTURE SUPPORT
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 SELL | Idea Trading AnalysisGOLD is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
❓ New ATH for GOLD? Multitimeframe context ❓Bullish confluence for GOLD on MTF, LTF and HTF
Expecting new ATH next week
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would be looking for the price to push up into the order region 2430-35 and above that we gave the extension level of 2445-65 if they wanted to take it there. We gave KOG’s bias level bullish above targets 2430-35 and above that 2447 as well as the path showing the short from the region. 2447 was completed, the extension level was hit and the move down gave traders an absolutely wonderful opportunity to short the market the whole week into the 2400 level, 2385 and beyond based on KOG’s daily bias levels.
In between these moves we managed to capture some long trades as well on the tab and bounces, giving us a pip capture through the roof in Camelot, not only on Gold, but the numerous other pairs we trade. Another fantastic week for our targets and traders.
So, what can we expect in the week ahead?
This week we’re going to keep it simple as it’s the end of the month, together with a bank holiday on Monday. After a month like this, we would suggest traders take it easy and concentrate more on taking this level to level depending on the move and structure that is presented to us after the weekly open. We have a key level support region as well as an order region below sitting around the 2305-10 price points which we feel is a viable level for price to attempt. Above, we have the order region 2350-55 and above that 2375 which is holding a lot of voids. Lower price is open for attack, with 2304 being the main support point and below that 2298 in the dip and extension of the move, so look out for these price points for any short trades as well as tap and bounces!
We’ve illustrated the move we’re looking for together with the levels above but our bias for this week will be played with caution due to it being the end of the month. If we open and see the Friday low supporting the price, we feel an opportunity on the break of 2340 will give traders an opportunity to long the market into the 2350-55 region and above that 2365-75 where we could see a flip, if they form a reversal taking us back down to the 2300 region and possibly lower.
2375 is an important price point where price needs to remain below to continue the move to the downside, as breaking this level will then flip the bias and we’ll be looking at attempting to break above 2400 again.
If, they continue downside from the open, it’s actually works in our favour as shorting it down here isn’t a great idea in case of an aggressive turn. So we’ll look below at the order region and as long as we stay above it, we feel an opportunity to take the long trade on the swing is available for traders.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD 1H CHART ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test support at 2331 with price close below it leaving a gap to the retracement range. However ema5 cross will further confirm this, as a target. We also have a gap above at 2350.
We now have gaps between both support and resistance weighted levels. Gap above at 2350 weighted level and gap below at 2315 Goldturn.
We will need to see ema5 lock above 2350 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2315 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
2350
EMA5 CROSS AND LOCK ABOVE 2350 WILL OPEN THE FOLLOWING BULLISH TARGETS
2365
2378
BEARISH TARGETS
2315
EMA5 CROSS AND LOCK BELOW 2315 WILL OPEN THE SWING RANGE
SWING RANGE
2274
EMA5 CROSS AND LOCK BELOW 2374 WILL OPEN STRUCTURE SUPPORT
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 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 2361 resistance and 2322 is the weighted support for this range. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2361 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2290 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
2361
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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 LONG TERM/RANGE ROUTE MAPHey 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 completed our bullish target of 2438 confirmed by the body close gap at 2404. No further gap was created and only a wick confirming the rejection.
The rejection completed the detachment to ema5 below as highlighted last week and also inline with the channel top, which we were looking for a re-test to confirm support.
If this support breaks and the channel top does not provide the dynamic support we are looking for then we are likely to see price break back into the channel for a further correction to respect the levels in the channel once again. The levels will then provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames.
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 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
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.
CURRENT UPDATE
We saw price take a drop last week inline with the longer term correction we were looking for on this monthly chart.
While chasing the bull on our smaller timeframe over the last few months we kept in mind the detachment every week on this chart reminding our followers, with the highlighted circle keeping in mind the market can throw this curve ball at anytime due to the detachment below and to manage risk according in the range due to the wider available range.
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
Eur/UsdHello traders!
The eur/usd pair is entered in the channel scheme. The eur/usd pair is entered in the channel scheme. Wait for the break of the lines, as the break will be the confirmation of the position opening. Beware of economic news. I expect big movement. Be patient and be careful! Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
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GOLD DAILY CHART UPDATEHey 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, which played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test.
The bounce up left a gap above at 2414 Axis target last week.
- This gap was hit and target completed perfectly last week. We will now look for a break above this level to continue the full channel top test or a rejection at this level will see price look for channel half line test dynamically, as the channel ascends.
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 DIALY CHART UPDATEHey Everyone,
After sharing our 1H and 4H charts with completed bull targets earlier this week followed with the swing range test and bounce, please now see our daily chart update from last Sunday.
As you can see our unique Goldturn channel top was respected perfectly followed with the rejection into the channel half line, as highlighted by the arrows last Sunday.
This chart idea is playing out and respecting the direction and the dynamic ascending support so far on the channel half line.
Support here and we will see another push up or a break below the half line will open the lower half of the channel. We will continue to track this level to level with our smaller time-frame analysis.
We will now come back Sunday with our multi time-frame 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!
MR GOLD
XAUUSD TOP AUTHOR
XAUUSD Forecast - Short Term SellThe chart shows the 4-hour candlestick pattern for Gold Spot (XAUUSD) against the US Dollar on the OANDA platform, with the current price at approximately $2340.26.
Key Observations:
1. Current Price and Recent Movement:
- The current price is $2340.26.
- The recent price action shows a decline of 1.16%, indicating a short-term bearish trend.
2. Trendline and Support Levels:
- There is a clear ascending trendline that has been acting as support since early April.
- The price has recently broken below this ascending trendline, suggesting potential further downside.
3. Support and Resistance Levels:
- Immediate Resistance: Around $2397.515, where the price has previously encountered resistance.
- Immediate Support: At approximately $2279.895, a previous low and potential support level.
4. Possible Scenarios:
- Bullish Scenario:
- If the price manages to hold above the immediate support at $2279.895 and breaks back above the ascending trendline, it could retest the resistance at $2397.515.
- Bearish Scenario:
- If the price continues to fall and breaches the support at $2279.895, it could see further declines.
5. Volume and Market Sentiment:
- The recent drop below the trendline with a significant decline suggests a bearish sentiment in the market.
- Monitoring volume and any potential reversal patterns around support levels will be crucial for determining future price movements.
Summary:
The 4-hour chart for XAUUSD shows that gold is currently experiencing a bearish trend, having recently broken below a significant ascending trendline. The price is facing immediate resistance at $2397.515 and has support at $2279.895. The breach of the trendline suggests potential further downside unless the price can reclaim this trendline and move higher, targeting the resistance. Traders should watch for a possible rebound at the support level or a continuation of the bearish trend if support fails to hold.
XAUUSD Possible consolidation for the whole Summer.Gold (XAUUSD) is seeing strong selling this week following Monday's High, which was also an All Time High (ATH). The rejection took place very close to the Higher Highs trend-line that started back in early 2023.
So far this is just a technical pull-back to test the 1D MA50 (blue trend-line) for the first time since February 29, and not a stronger correction. Both the price action though and the 1D MACD patterns, resemble the trading sequences of April - May 2023 and November - December 2023. After the Higher High top, they both turned sideways for 3 months and both hit the 1D MA100 (green trend-line). The April - May 2023 even dropped lower but the September 2023 correction was done on fundamentals and not technical reasons.
As a result, we expect the next three months, i.e. the whole Summer to be at least a sideways price action/ consolidation, which by mid July may make contact with the 1D MA100. What this tells us is there will be opportunities to buy low and sell high in order to make profit on the medium-term.
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