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.
Goldsignals
GOLD 1H CHART ROUTE MAP AND TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test resistance at 2413 with already price close above it leaving gap to 2429. However ema5 cross will further confirm this, as a target.
We now have gaps between both support and resistance weighted levels. Gap above at 2429 weighted level and gap below 365, 2379 Goldturn and below at 2401 and 2390 weighted support level.
We will need to see ema5 lock above 2429 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2390 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
2413
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442
2458
BEARISH TARGETS
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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 AND TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2418 resistance and 2379 is the weighted support for this range and we have the correctional retracement zones in-between. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2418 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2379 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
2418
EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438
2453
BEARISH TARGETS
2400
2379
EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE
SWING RANGE
2357 - 2334
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 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
GOLD-uptrend
U.S. consumer prices rose less than expected in April, suggesting inflation resumed its downward trend at the start of the second quarter, boosting financial market expectations for a September interest rate cut. At the same time, under the influence of the market, the US dollar fell sharply, providing greater impetus to gold’s rise. Today, we will pay attention to the changes in the number of initial jobless claims in the United States and the performance of real estate market data. Pay attention to the monthly rate of U.S. industrial output in April and the speeches of Federal Reserve officials, and pay attention to news related to the geopolitical situation.
The current gold price is a very obvious strong rise. It has just risen sharply during the cycle and gradually broke through the upper high point. If there is no unexpected data and news on Thursday and Friday, the possibility of reversal is unlikely, so now it is rising. Trend, follow the trend, wait for the support point to buy and the probability of profit is higher.
You can see that 2378 is the turning point of strength and weakness. You can buy at 2378-2380 and set SL. If it falls below 2375, gold will change the pattern of strong rise and turn into a shock and slow rise.
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
What if you don't know how to trade? Join me as I analyze and provide ideas every day
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
GOLD (XAUUSD): 2 Bullish Patterns 🥇
After a breakout of a solid horizontal resistance on a 4H,
Gold is retesting that today.
Approaching the underlined area, the price formed 2 bullish patterns:
a falling wedge pattern and a double bottom.
2 bullish breakouts: a violation of a trend line of the pattern and a neckline,
indicate the strength of the buyers.
We can anticipate more growth today at least to 2391
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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
XAUUSD: $2380 is possible area Gold heading towardsOANDA:XAUUSD
Gold is currently in accumulation phase and likely to turn into distribution phase. Price behaviour has changed in last few days suggesting further growth in price. We need liquidity and volume boost to take the price towards 2380 that area remain 'premium price zone'.
We wish you all the success in trading and hopefully our analysis gives you a understanding of future price movement of gold.
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
GOLD MARKET UPDATEHey Everyone,
Another PIPTASTIC day on the chart today buying dips all the way into our Bullish target!!!
After completing the retracement range earlier this week, we got the bounce into 2357 yesterday followed with the lock above 2357 opening the 2389 bullish target once again.
- This played out perfectly completing the target at 2389!!!
We will now look for a ema5 lock above 2389 to open the range above or failure to lock above will see a rejection back to 2357.
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
2389 - DONE
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435
BEARISH TARGETS
2357 - DONE
EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2337 - DONE
2317
EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2274
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 (XAUUSD): Waiting For The Next Move 🥇
Gold is currently testing a resistance cluster,
based on a solid trend line and a horizontal resistance on a daily.
Bullish breakout of the underlined area will give us a strong bullish confirmation.
A daily candle close above that will confirm a violation.
A bullish continuation will be anticipated to 2400 level then.
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GOLD-Pay attention to the impact of CPI data
Federal Reserve Chairman Jerome Powell said he was less confident than before that inflation will come down. However, it emphasized that it does not believe that the next step may be to raise interest rates, and is more likely to maintain the policy interest rate at the current level. The U.S. economy is performing very well and has a very strong labor market. GDP is expected to continue growing at 2% or higher. The PPI data is actually quite mixed, with uncertainty as to whether inflation will persist. Today we are paying attention to the seasonally adjusted CPI annual rate data in the United States at the end of April. It is expected to have a greater impact on the market. Please pay attention to the risks.
Since gold's slow decline to bottom out at 2330 on Monday, it has turned from a weak shock to a strong shock. It can be seen from Tuesday's U.S. market that even if the data is not conducive to gold, it is difficult to suppress the slow rise of gold. The U.S. market has been gradually rising. performance, and fell back to a high of 2360 for the second time. It is determined that today is a strong performance. Therefore, the current view is that it is a strong rise for the time being.
From a technical point of view, the daily line closed above the Bollinger Band on Tuesday. Although it has not yet formed a unilateral rise, the current strong state may reach the daily Bollinger Band high of around 2378, including the 4H cycle. , during the continuous rise, the 4H K-line maintained strong continuous green candles, and the rising momentum was very strong. Let’s first look at the Bollinger upper track high near 2372 for Wednesday’s rise.
If the European market continues to rise, I think you can sell when it reaches the resistance point of 2375-2378 for the first time, or wait for the support point of 2342-2345 to buy, and set the SL
There is CPI data in the US market. It is expected that the market will fluctuate greatly and the risk will be relatively high. If you don’t want to bet on the data, you can wait for the data to be released and follow the trend to trade.
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
What if you don't know how to trade? Join me as I analyze and provide ideas every day
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 4H CHART MARKET UPDATEHey Everyone,
Great day on the chart today catching the move up form support inline with our plans to buy dips.
Yesterday after break and lock confirmation below 2357, we got our retracement target hit at 2337. We then highlighted, as per the chart arrow our expectation for a bounce back into 2357.
- This played out perfectly for the bounce into 2357 today. We will now look for a cross and lock above 2357 for a continuation above or a rejection here can provide the momentum for another retest at the retracement range for the full retracement range test.
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
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435
BEARISH TARGETS
2357 - DONE
EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2337 - DONE
2317
EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2274
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 , What do we expect ? SELL or LONG ?Hello Traders, hope you doing great.
for upcoming weeks I think we'll probably see a correction in Gold.
The first target of this correction is 2340 and the second target is 2305.
this post will be updated.
at the end, tell me what do you think about gold ? UP or DOWN ? comment it.
if this post was helpful please like & share with your friends.
THANKS.
GOLD-analyze
The focus of the market this week will be the US PPI data released on Tuesday, followed by the CPI data on Wednesday. Consumer prices came in higher than expected in the first quarter, suggesting the Federal Reserve may cut interest rates less often this year. Then, job growth in April was weaker than expected, leading investors to rekindle bets on two rate cuts of 25 basis points each this year, but that view depends largely on softening inflation and awaits more news from the market. . In addition, Federal Reserve Chairman Powell and European Central Bank Governing Council Member Knott jointly attended a meeting and delivered a speech on Tuesday, which also needs to be focused on.
Yesterday, gold started to fall from 2364, reaching the lowest level near 2332. With this trend, unless you sell from the beginning, it will be difficult to follow the trend. If you are not an aggressive trader, it will be difficult to trade yesterday. Therefore, during yesterday's decline, I No suitable opportunity found
After yesterday's decline, we can confirm that the high point of this cycle is 2378, which is difficult to break. However, if the Bollinger Band does not break, it may also fluctuate at a high level. Therefore, there is no absolute long-short trend.
Today’s key support point is 2330. If it cannot fall below 2330, I think it is likely to continue to rebound. The upper resistance is around 2350 and 2365.
Today you can try to buy near 2330-2335, SL: 2326, or wait for the first resistance point 2350 to sell, use small lot, or wait for 2365 to sell, and make reasonable arrangements according to your own funds
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
What if you don't know how to trade? Join me as I analyze and provide ideas every day
GOLD (XAUUSD): Very Bullish Setup 🥇
I see a very nice bullish setup on Gold:
After a test of a recently broken daily structure,
the price broke and closed above a resistance line of a bullish flag pattern
on an hourly time frame.
I expect a pullback now.
Goal - 2354
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GOLD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. more chances on continuation! 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.
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 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GOLD 4H CHART MARKET UDATEHey Everyone,
Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range.
This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range.
We expect support bounce on each level of the retracement range and now waiting patiently.
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
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435
BEARISH TARGETS
2357 - DONE
EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2337 - DONE
2317
EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2274
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 Ideal level to start selling.Gold (XAUUSD) is being rejected since Friday right at the top of the emerging Channel Down and that is a Lower High. Even though Gold has officially started a new long-term Bull Cycle, it doesn't mean that the market won't deliver medium-term corrections that are technically much needed in order to get the trend going.
Quite the contrary, the current Bullish Megaphone resembles the pattern of November 2022 - May 2023, which after holding the 1D MA100 (green trend-line) half-way through, it eventually topped and broke below it, testing after that even the 1D MA200 (orange trend-line).
We will not speculate on such a long horizon but on the medium-term we do see this Channel Down or better yet Bearish Leg of the Bullish Megaphone eventually breaking below the 1D MA50 (blue trend-line) and testing the 0.382 Fibonacci as part of a natural and healthy correction that will attract long-term buyers again and resume the bullish trend.
As a result, we turn bearih again today, targeting 2200 (Fib 0.382).
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