XAUUSD Is this a legitimate correction?There is no doubt that Gold (XAUUSD) has entered a new Bull Cycle after last month's bullish break-out. Last week though it closed its 1W candle almost on a Doji which can potentially be a trend reversal, at least on the short-term.
As you can see on this 1W chart, which displays the similarities between the previous Cycle and the current, such 1W candles have been on global market tops: May 01 2023, January 16 2023, March 07 2022 etc.
If we are indeed at the phase past the Accumulation (Rectangle pattern) simular to February 2020, then we can expect a short-term correction. Of course the March 2020 price collapse that touched the 1W MA50 (blue trend-line) had solely to do with the COVID asset-wide crash. Still though, in February 2020, the market posted a red 1W candle that erased the gains of two weeks in a row.
As a result, if the current week doesn't post a new High, we expect a pull-back towards at least 2250. Beyond that, in order to approach the 1W MA50 again, we need a fundamental catalyst.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Goldsignals
GOLD 1H CHART ROUTE MAP FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with 2355, as our Bullish target and 2312, as the support target.
We are looking for a retest at 2355 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a rejection.
Our retracement range is at 2312 and an ema5 cross and lock below this level will open the swing range between 2239 - 2196.
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
2355
EMA5 CROSS AND LOCK ABOVE 2355 WILL OPEN THE FOLLOWING BULLISH TARGETS
2382
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2426
2455
EMA5 CROSS AND LOCK ABOVE 2455 WILL OPEN THE FOLLOWING BULLISH TARGETS
2474
2499
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2239 - 2196
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 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 structures with 2389 as the resistance target and 2326 as the support target.
We are looking for a retest at 2389 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a rejection.
Our bearish support target is at 2326 and an ema5 cross and lock below this will open the retracement range between 2294 - 2274 and a break and lock below 2274 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
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490
BEARISH TARGETS
2326
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE
2294
2274
EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE
SWING RANGE
2196 - 2180
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 MID/LONG TERM PROJECTION Hey 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 stated we were seeing price break out of the channel with a candle body close gap open to 2360, which was hit perfectly closing the gap and we also stated that we will need to see ema5 break out of the channel for further continuation above the channel with 2438, as our long range/term target. Failure of ema5 to break outside the channel will see price back into the channel for the channel half line challenge, as the new updated swing range.
Momentum took price all the way into 2404 and just short of our long range target at 2438. We will keep this in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
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 RANGE ROUTEMAP Hey Everyone,
Last week we stated that after completing all our long range targets, we were seeing price break out of the ascending channel. However we needed to see ema5 cross outside the channel to establish another bullish run above.
The Bullish momentum last week helped clear some of our extended long range targets- BOOOM!!
We also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term.
So far the monthly candle remains above the channel and therefore momentum for the month still remains Bullish with only one last target left on our long term target range at 2483.
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 4H CHART ROUTE MAP UPDATEHey Everyone,
What a fantastic finish to the week!!!!!
Yesterday we shared our completed 1H chart idea update and today we completed our 4H chart idea.
We started the week with our first bullish target hit at 2348 on this chart. Followed with the lock confirmation opening 2367 and then completing the first range.
We then had the ema5 lock above 2367 opening 2384 and 2400, which was hit today for the perfect finish completing this chart idea.
No further lock above 2400 confirmed the rejection, which we are seeing playing out now. We got our perfect finish and exit!!!
BULLISH TARGETS
2348 - DONE
EMA5 CROSS AND LOCK ABOVE 2326 WILL OPEN THE FOLLOWING BULLISH TARGETS
2348 - DONE
2367 - DONE
We will now come back Sunday with our updated multi-timeframe 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 great weekend with family and loved ones!!
Mr Gold
GoldViewFX
SILVER (XAGUSD): Unstoppable Rally & Next Target 🪙
Silver keeps rallying and breaking the historical resistances.
The next goal for the buyers can be the structure that is based
on the highs of 2020 and 2021.
The area that unites these highs also has a psychological level within - 30.0.
The underlined blue will most likely reached soon.
❤️Please, support my work with like, thank you!❤️
GOLD-Strong upward trend
The United States expects Iran to launch an attack on Israel, but it will not be large enough to involve Washington in a war, a U.S. official said yesterday. As soon as this news came out, it once again had a great impact on the current financial market. Gold once again had room to surge and hit a new high. Although the US dollar also rose, it could not affect the current absolute strength of gold. In the case of extremely unstable geopolitical situation, gold has a dominant position as a safe haven. Today we will pay attention to the monthly rate of the US import price index in March and the initial value of the University of Michigan consumer confidence index in April, as well as the speeches of Federal Reserve officials and news related to the geopolitical situation.
After yesterday's 4H level top divergence correction was forcibly interrupted, if the 4H MACD fast and slow line crosses again, a second divergence will be formed, and the magnitude of subsequent adjustments will increase.
Although gold has been oscillating up and down recently, it is still oscillating under an upward trend and the trend is strong. Friday trading also needs to follow the trend.
Therefore, no matter how it adjusts or falls in the near future, as long as it does not fall, it is an opportunity to go long. For example, the previous 2302, yesterday's 2325. For today's market, the technical point is also very obvious. The unilateral moving average support of the H4 cycle is at 2372, and the previous double top turned into double support point price at 2365.
There has been a lot of volatility recently, so you still need to pay attention to your position. If you choose to sell, be sure to trade with a small position.
Join me, follow my strategic trading, and improve your success rate
GOLD XAUUSD Bullish side Robbery PlanHola Traders,
This is our Day Trade master plan to Heist Bullish side of Gold Mines. My dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the chart for us today!!!!
After completing all our Bullish targets earlier this week, we stated yesterday that failure to lock below 2338 and 2324 will establish support above this range for another retest at the levels above.
- 2324 Goldturn held as support confirmed with our algo for the bounce and BOOOOM straight to 2354 with only 2364 left but we are happy with the pips for today.
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
2338 - DONE
EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS
2353 - DONE
2364 - DONE
BEARISH TARGETS
2324 - DONE
2299
EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET
2278
EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE
SWING RANGE
2258 - 2240
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 AnalysisHello 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 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Yesterday we hit the 2364 target completing this chart idea.
This followed with the rejection into 2338 and 2324, as no further lock above 2364, which is a good area of weighted support providing plenty of bounces inline with our plans to buy dips.
If this level holds we are likely see another attempt at the levels above for a test should 2324 now hold, or a break below 2324 will open the retracement range.
As stated yesterday failure to lock below 2338 and 2324 will establish support above this range for another retest at the ATH.
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
2338 - DONE
EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS
2353 - DONE
2364 - DONE
BEARISH TARGETS
2324 - DONE
2299
EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET
2278
EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE
SWING RANGE
2258 - 2240
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-Pay attention to the impact of CPI
Today on Wednesday, the market will focus on the CPI data for March and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is good for the US dollar and negative for gold. The specific data performance will depend on the actual data release. Let us see Will it dampen the upward trend of gold?
Yesterday, gold broke through again and reached 2365. Since gold began to rise in 1984, it has unilaterally increased by 380 US dollars. I have already reminded you to enter the buying risk zone.
Judging from the current market situation, gold maintains its upward trend and is absolutely strong. We should pay attention to where the support point of the daily decline is? According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long, but this possibility is relatively small. Tuesday’s low of 2338 did not break, let alone the test of 2328. So, today you can try to buy near 2238
If you want to sell, focus on yesterday's high of 2365, 2370-2375, use small lots, set SL
Today’s focus is the release of CPI data in the US market. End orders before the data. Changes have been rapid recently. Don’t gamble on the data. Wait for the data to be released and follow the trend.
Join me, learn how to trade, and make more money with you
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another Piptastic day with our chart idea completed with our final target at 2364 HIT. Once again you can see how well our levels were respected in a range where no one has any existing levels to go by, but our averaged levels are being respected to perfection like magic!!!
After yesterdays rejection into 2324, where price found support, as suggested for a retest of the levels above. We got the ema5 lock above 2338 Goldlturn weighted level opening and confirming 2353 and 2364.
- Both these targets were hit perfectly today!!
After completing 2364 to perfection, we are now seeing price reject here into 2338 to change resistance into support for the bounce.
We may see another attempt at the levels above for a test should 2338 now hold, as support or failure to re-attempt will open the levels below for a test and a further break below the retracement range will see the swing range open.
Failure to lock below 2338 and 2324 will establish support above this range for another retest at the ATH. A break below these two support levels will open the retracement range for the bounce.
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
2338 - DONE
EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS
2353 - DONE
2364 - DONE
BEARISH TARGETS
2324 - DONE
2299
EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET
2278
EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE
SWING RANGE
2258 - 2240
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): Important Key Levels to Watch This Week 🥇
Here is my latest structure analysis and important key levels to
watch on Gold.
Resistance 1: 2350 - 2357 area
Resistance 2: 2390 - 2405 area
Support 1: 2300 - 2305 area
Support 2: 2250 - 2280 area
Support 3: 2194 - 2222 area
Support 4: 2145 - 2155 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
xauusd (GOLD) → IF the blue area will touch get ithello guy...
let’s say it in the first place, it is not a short signal!
as you can see the blue area is a potential area for getting a long position, why?
because it is a S&D area and that specific area is on the flip level!
if the price will retrace to the blue area get a long position right away! the target is the top line of the channel.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Great start to the week with our chart idea playing out perfectly. Once again you can also see how well our algo generated levels are being respected in a range where no one has any existing levels to go by but our averaged levels are being respected like historical levels.
We got our Bullish target at 2338 hit and with momentum also 2353. However, as you can see ema5 failed to cross above 2338 weighted level, as highlighted yesterday confirming the rejection for price to drop into 2324 for support for the bounce.
We may see another attempt at 2338 for a test or failure to re-attempt will open the retracement range for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2278 or 2240 will establish support above these ranges for re-tests on the levels above once again.
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
2338 - DONE
EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS
2353 - DONE
2364
BEARISH TARGETS
2324
2299
EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET
2278
EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE
SWING RANGE
2258 - 2240
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 Bullish extension expected. Unless this level breaks.Gold (XAUUSD) has been trading within a very aggressive (blue) Channel Up, which today hit the top of the logarithmic (dotted) 6-month Channel Up. If it is indeed symmetric with the first Bullish Leg of that Channel Up, then it is close to completing a +10.60% rise which should call for a 4H MA50 (blue trend-line) pull-back.
As a result we expect a quick fall to 2305 and then sharp rebound targeting 2500, for a new Higher High on the (blue) Channel Up. If however the price closes below the 4H MA100 (green trend-line), which has been supporting since February 23 2024, and Support 1 (2270), we will sell for the medium-term and target 2150 (Support 2), near the bottom of the (dotted) 6-month Channel Up, which will be a very comfortable buy entry for the long-term.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇