GOLD (XAUUSD): Signals Of Slowing Momentum?! 🥇
Many of you asked me to share the updated analysis for Gold.
Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum:
after a strong bullish impulse that the price formed last week,
we see a contracting price action within a rising wedge pattern.
The price managed to reach 2300 - an important psychological level.
After its test, the market found equilibrium and formed a doji candle.
Today we see a some pullback.
Weakening US Jobs data release may have a bearish effect of the market.
I believe that a bearish violation of a support of the wedge can be a confirmation
of an initiation of a correctional movement.
I do not recommend selling though because it is obviously too risky from a current perspective.
Not only that, but I would rather look for a pullback to then buy the market from a safe level.
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Goldsignals
XAUUSD New Bull Cycle mapped! Approaching first Resistance Zone?Gold (XAUUSD) has technically started its new Bull Cycle after breaking above the Resistance and previous All Time High (ATH) into green overbought territory. Being overbought in such instances isn't necessarily bearish but suggests that even though the long-term trend is now heavily bullish (and should be for the next year or so), we should look for key Resistances to offer relief pull-backs.
As you can see on this 1W chart, there are strong similarities of the current Cycle (both Bear and Bull) with the previous one (June 2016 - August 2020). The Bear Cycle's come in the form of Cup patterns, while the Bull Cycles start on Channel Up patterns at the bottom of the Bear ones. During the previous Bull Cycle, the 1W MA50 (blue trend-line) has supported all the way from its bullish break-out (December 24 2018) until deep into the next Bear (February 01 2021).
Right now the 1W MA50 has been supporting since October 09 2023, which is shortly after the dashed Channel Up started. That is an important pattern as it currently has a maximum upside to 2350 for a Higher High. The dotted Channel Up on the contrary, which was initiated at the bottom of the Bear Cycle has already touched its Higher High.
This means that Gold's new Bull Cycle is facing its first significant Resistance Zone of the current run: 2300 - 2350. Relative to the previous Bull Cycle, Gold had it's first Resistance rejection on August 26 2019, making a Higher High and started to pull-back for almost 100 days (3 months). As the current bullish trend is significantly stronger than the 2019 one, the dashed Channel Up being narrower, I doubt that Gold will correct for that long, but on the next red 1W candle, we have to consider the possibility for a short-term correction.
The August 2019 one pulled as low as the previous High before the rejection (bold black line). This suggests that 2220 - 2200 is Gold's floor at the moment and shouldn't be broken. Back to its overbought status, the 1W RSI gives a clear indication of that. Once it starts reversing inside an Arc pattern, we will confirm the correction we're discussing now. And after it forms systematically Lower Highs on quarterly intervals, we can expect by the 3rd Lower High to be close to the Top of the Bull Cycle.
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Gold- Will it "see" 2.3k today?
Yesterday, after initially rising to 2277, the price began to correct. Following an initial drop to support, bulls regained control during the US session, closing the day with yet another all-time high for $OANDA:XAUUSD.
During the Asian session last night, once again, the initial drop was met with strong bids, leading to a quick price recovery. These occurrences signal significant buying power and suggest a high likelihood of an upward continuation.
From a technical standpoint, as long as the price remains above yesterday's low of 2250, bulls need not worry, and the strategy of buying dips should persist. Interim support is situated at 2277, followed by the important level of 2267.
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Please see our 4H chart idea update, which was completed perfectly today hitting all our targets.
First we had ema5 cross an lock above 2218 to open2238 and 2253, which were both hit perfectly earlier this week. Followed with a further lock above 2253, which opened 2269 and 2288 - BOTH HIT PERFECTLY FO RTHE FINISH!!!!
We will now look at our monthly chart update for the final extension to the range before we use our algo to generate new Goldturn levels for this upper range for the rest of the week.
Our updated levels and weighted levels allowed 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
2238 - DONE
EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS
2238 - DONE
2253 - DONE
EMA5 CROSS AND LOCK ABOVE 2253 WILL OPEN THE FOLLOWING BULLISH TARGETS
2269 - DONE
2288 - 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 up Gold price turns red for the first time in six trading days ahead of US jobs data on Tuesday. US Dollar rebounds on pared June Fed rate cut bets after sold ISM Manufacturing PMI.
Should Gold buyers regain upbeat momentum, a retest of the all-time high at $2,266 will be in the offing, followed by the $2,270 round number.
The next on Gold buyers’ radars will be the $2,300 psychological level.
Gold now buy 2260
Target 2300
SL 2230
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Once again another piptastic day for us on the charts.
After completing all our Bullish targets yesterday we had the rejection into 2231 support followed with the bounce. We then advised that we will need to see a new Goldturn formation above 2240 to establish a range here for a retest on the levels above again.
- We got the new Goldturn above 2240, as highlighted on the chart with a circle confirming the re-activation of the bullish targets once again and BOOOOM!!!! All targets hit!!!
We are now seeing price head towards the 2267 resistance level once again and will need to see ema5 lock above this level to open the range above or a failure to lock above will follow with another rejection to find support again.
Please also review our 4H chart idea to see the extended range above currently open.
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
2240 - DONE
EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS
2240 - DONE
2246 - DONE
2253 - DONE
2258 - DONE
2267 - 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
🥇Gold Analysis🥇===>>🟡PRZ🟡🏃♂️ Gold is moving near the Support line .
🌊According to Elliott's wave theory , Gold is completing microwave 4 of the main wave 5 .
🔔I expect Gold to rise to at least 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD - GOLD 1hrSimple trading:
M - Pattern "Double top"
We look to sell gold for a correction. Gold is respecting the trend, but if the price fails to break above 2265, it could see a possible downside after its massive bullish impulse.
When U.S. bond yields rise:
- Gold prices might decrease as investors find bonds more attractive due to higher returns.
Dive into the Glittering Abyss of Gold! 🌟💎✨ 🚀 Brace yourselveDive into the Glittering Abyss of Gold! 🌟💎✨
🚀 Brace yourselves, fellow traders! It's time to delve into the shimmering world of GOLD! 🌟 With XAUUSD commanding the stage, let's navigate through the highs and lows of this mesmerizing market. 💰📈
🌐 As the golden bull charges forward, breaking records like never before, it's crucial to stay vigilant amidst the swirling currents of opportunity. 📊💥 But fear not! For within the tight embrace of 2248 to 2256 lies both caution and promise. 🚀🔒
🔮 Peer into the crystal ball, and you'll glimpse the potential for a thrilling downward correction. Yet, in this ebb and flow of fortunes, lies the essence of trading magic! 🌈✨
📈 Picture this: A bold breach above the range could spark a frenzy of buying, propelling us to the lofty heights of 2265. Conversely, should we descend below, seize the chance to sell and gracefully ride the waves down to 2240 📉🚀
🤓 Your journey through this analysis is not just enlightening; it's actionable! 🚀 Let your support amplify these vibes, and remember, trade smart, trade safe. 💡✅
✌️ Until next time, may your trades be prosperous and your path paved with success! 🌍🌟💰
🌟 Discover the Gold Treasures: Today's GOLD Analysis for Wins!🌟 Greetings, phenomenal traders! 🌟
I hope your weekend was absolutely stellar! Now, let's rev up for some exhilarating market maneuvers and set our sights on those colossal profits! 💰📈✨
🔍 Today, let's plunge into the mesmerizing realm of GOLD! 🌟✨ XAUUSD is seizing the spotlight. 🌐💥
As you're well aware, gold is reaching unprecedented peaks, breaking records left and right! 🌟📈
🔮 What lies ahead, you wonder? Well, brace yourselves for a potential downward correction. Currently, Gold is snugly ensconced in a range from 2255 to 2264. 🚀🔒 While this zone calls for caution, fear not, for the future holds boundless excitement! 🌈✨
📈 Should Gold boldly breach above the range, prepare for potential buying frenzy, soaring up to 2274. Conversely, a break below the range could usher in opportunities for selling, gracefully descending to 2242 and 2222. 📉🚀
I trust you find this analysis both enlightening and actionable! 🚀 Boost the vibes by lending your support, and, above all, trade smart and safe. 🤓💡✅
✌️ Peace Out, and may the trading journey unfold with bountiful prosperity! 🌍🌟💰
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Once again our chart idea played out perfectly hitting all our Bullish targets right form the get go when the market opened.
As stated we are seeing price challenge 2231 on market close on Friday and we needed ema5 to cross and lock above 2231 to open the range above.
- We got the EMA5 cross and lock above 2231 opening 2240, 2246 and 2253, which were all hit perfectly completing this chart idea!!!
We are now seeing a rejection back into the lower range and seeing price find support at 2231 changing resistance to support for the bounce into testing 2240. We will need to see a new Goldturn formation above 2240 to establish a range here for a retest at the highs created on the arrange above or failure to create Goldlturn support above 2240 will see price head towards 2231 for a challenge. A break below 2231 will will likely open the retracement 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
2240 - DONE
EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS
2240 - DONE
2246 - DONE
POTENTIALLY 2253 - DONE
BEARISH TARGETS
2225
2217
EMA5 CROSS AND LOCK BELOW 2217 WILL OPEN THE RETRACEMENT RANGE
2206
EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE
SWING RANGE
2189 - 2181
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 sell Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
Gold sell confirm signal
Gold now sell 2247
Target 2240
Target 2230
Target 2200
SL 2270
XAUUSD target hit. Now expect a 2100 reversal.Gold (XAUUSD) hit this morning our long-term 2260 Target, which we called for on our March 2021 (see chart below) idea:
That not only made a Higher High formation at the top of the 5-month Channel Up that started on the November 03 2023 Low but also hit the symmetrical 1.382 Fibonacci extension as the last Higher High on May 04 2023.
This has indeed been a long rise for Gold, which is now looking ahead of an equally lengthy correction, assuming the Channel Up and its top stay intact. If they do, we expect a 6-8 week pull-back below the 1D MA50 (blue trend-line) and towards the 0.618 Fibonacci extension from Gold's last Low.
That gives us a 2100 Target, which could make contact with the 1D MA200 (orange trend-line) for the first time since November 13 2023.
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** 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. **
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XAUUSD New quarter! can we get the correction now please? Good evening gold gang! its been a while .. ive had nothing to report as price has been so bullish.
We are currently wayyyy out in space. No clue on whats gonna happen .. we just have to wait for price to come back to a probable zone in order to make informed decisions. There may be a gap at open .. lets see if that gaps down or not. If it does .. we can mark and entry for when it fills it.
Other than that .. we got to wait!!
Breaks below the 4h trendline for confirmed sells and a possible long term hold. Buys are 2206 or 2190 .. lower time frame confirmation required.
Have a great week gang!! im active on socials or dm here if you want to as me anything
Catch you in london
tommy
XAUUSDHello traders ,what do you think about GOLD?
Gold has reached the ceiling of the ascending channel. It is expected to enter the correction phase from this level and fall to the specified level, which is the bottom of the channel.
If this post was useful to you, do not forget to like and comment.❤️
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price challenge 2231 on market close on Friday. This is a level of resistance and will need ema5 to cross and lock above 2231 to open the range above.
We have a bullish body close price gap target at 2240 and support targets at 2225 and 2217. We will need to see 2217 cross and lock with ema5 to open the retracement range and a further break below the retracement range will see the swing range open.. Failure to lock below 2217 will establish support above this range 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
2240
EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS
2240
2246
POTENTIALLY 2253
BEARISH TARGETS
2225
2217
EMA5 CROSS AND LOCK BELOW 2217 WILL OPEN THE RETRACEMENT RANGE
2206
EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE
SWING RANGE
2189 - 2181
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 AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two Goldturn levels, support at 2218 Goldturn and resistance at 2238 Goldturn.
We have a bullish gap open now at 2238 and we are seeing ema5 challenge 2218 and will need to see ema5 lock above 2218 to open the range above upto 2253 and a further lock above 2253 will open the range above.
However, we also have a target retracement range between 2196 - 2180 and a break and lock below 2180 will open the swing range and a further break and lock below the swing range will see the Goldturns tested below.
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
2238
EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS
2238
2253
BEARISH TARGETS
2218
2196
2180
EMA5 CROSS AND LOCK BELOW 2180 WILL OPEN THE SWING RANGE
SWING RANGE
2180 - 2153
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 MID/LONG TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly over the last few months.
Last week we highlighted that we are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to 2205 and 2237 long term.
This played out perfectly, as we saw the rejection play into the retracement area for the correction, inline with the channel half-line support. We then stated that we expected some support for a bounce and then continuation onto channel top.
- This played out once again bouncing off the channel half line into the extended channel top once again for the finish and heading into the targets highlighted with 2237 just left open. Just perfect!!!!
Once again we have highlighted and updated a route map within the channel for retracement and support tests and levels to extend the range and channel top. We ales keep in mind 2175 is holding the structure above the channel half line support.
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
GoldViewFX - Gold long term projection and plan.Hey Everyone,
This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top.
We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line.
- THIS PLAYED OUT BEAUTIFULLY!
We then suggested that we will see a reaction on this channel half line for another push up to retest the upper range again.
- Once again this played out accordingly for the push up hitting our Bullish targets once again.
However, the 2080 target was left short just by a few pips so can still be considered open. Since then we saw the new monthly candle come down to attach to ema5 this month also highlighted with a circle on the chart. We are looking for dynamic suport here for a push up. If dynamic support fails to hold price here then we are likely to see price support above 1987.
- Just like we said we got the ema5 detachment complete but no dynamic support. 1987 provided the support and the bounce, as advised previously.
We are likely to see price now play between this big range. A break below 1987 will see the lower half of the channel range open up. However, support above this level inline with the channel half-line will give opportunities longer term to buy dips back into the 2080 level long term.
PREVIOUS UPDATE
BOOOOM!!!! Our 2080 target that we have been suggesting and targeting from dips was now hit perfectly last week. We now have 2163, as our long range target to complete this chart idea.
CURRENT UPDATE
2161 was hit last week completing our projection from last week for another perfect hit. We now now either see this channel break and go for the 2235 level or a rejection here for a correctional retracement will see price find support at the highlighted Goldlturns for a reaction until the bulls find momentum again to extent the channel range to then target 2235 and 2296 long term.
- This played out perfectly with the 2235 target hit perfectly and now our long term at 2296 left for the extended range. Once again we have highlighted and updated a route map within the channel for retracement and support tests and levels to extend the range and channel top for the future. We will also keep in mind 2080 is holding the structure above the channel half line support.
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.
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 (XAUUSD): The Next Potential Resistance 🏆
This week, Gold set a new All Time High again.
Executing a Fibonacci analysis, I found the next potential resistance.
Next week, pay attention to 2250 - 2255 area.
It is an important confluence zone and the market may at least retrace from that.
❤️Please, support my work with like, thank you!❤️