Gold could have a new leg of correctionAs anticipated, following Friday's NFP report and a new all-time high nearing 2200, OANDA:XAUUSD has entered a correction phase, with the initial downward movement reaching a low of 2150. Yesterday, the price rebounded from that level, reaching a high of 2180, but is currently retracing.
Given the robust and swift appreciation of Gold's price, we may witness another leg of correction, potentially leading to a drop to 2140. Alternatively, we might observe range trading and consolidation, potentially forming a triangle pattern on our short-term chart.
With the current price at 2167, it is not advisable to initiate trades. However, for aggressive traders, selling opportunities may arise if the price rises back above 2190. Conversely, for swing trend traders, buying opportunities may present themselves if the price drops to 2140.
Goldsignals
XAUUSD Analysis was perfect. Can todays be the same? Good morning gold gang! Yesterdays sell zone was bang on netting the gang 70 pips!
We closed respecting the engulfing on the daily time frame so we may be looking at sells today
I have found 2 possible zones one to buy one to sell
check them out and put them on your charts
follow me on socials for live updates
T
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another PIPTASTIC day for us on the markets buying dips, inline with our chart idea.
After completing our target at 2184 earlier this week, ema5 failed to cross above and therefore followed with the drop into the highlighted retracement range. This gave the perfect bounce into into 2178 and then continued to range between the levels and re-tested the retracement range again today.
EMA5 failed to lock below 2157 retracement level, which followed with the bounce once again into 2166 and now heading towards 2178, as a open gap.
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
2184 - DONE
EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS
2192
2201
POTENTIALLY 2210
BEARISH RETRACEMENT TARGETS
2178 - DONE
2166 - DONE
2157 - DONE
EMA5 CROSS AND LOCK BELOW 2157 WILL OPEN THE SWING RANGE
SWING RANGE
2147 - 2137
EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2122- 2133
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 We caught 200 pips on CPI!! good evening gold gang .. i know ive been slow with the analysis lately .. but there is literally nothing to analyse as price continues to fly!
We have finally had a daily close bearish, so we may be creating some workable price action
The CPI move came up to my sell level perfectly and dropped heavily with positive dollar news ... amazing!
Price is at the buy zone right now so lets see what it does at the potential sell zone ... if that zone breaks .. then we will make another ATH
im always availble on socials to trade the current price action .. dont be afraid to reach out
catch you in london
tommy
DeGRAM | GOLD confluence at resistance levelGOLD created a bearish harmonic pattern where the D point is at the border of the channel.
The market slowed at the 127.2% fibo extension level.
The market is testing the resistance and dynamic resistance levels, where we have confluence to short the market.
We expect a rebound from thecounfluence levle and a retest of the support level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Once again our chart idea played out level to level once again!
We had the 2184 target hit yesterday but ema5 failed to cross above and therefore as stated we got the drop into the highlighted retracement range followed with the perfect bounce into into 2178 , as already market up on the chart with arrows from Sunday.
We have also updated our weighted level from 2166 to 2157, as it falls within the retracement range for a cross and lock to open swing range. Price has now found support at the retracement range for the bounce.
Although we remain bullish and will continue to buy dips from support levels, we will need to now extend our range keeping in mind the potential opening of the swing range should 2157 lock.
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
2184 - DONE
EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS
2192
2201
POTENTIALLY 2210
BEARISH RETRACEMENT TARGETS
2178 - DONE
2166 - DONE
2157 - DONE
EMA5 CROSS AND LOCK BELOW 2157 WILL OPEN THE SWING RANGE
SWING RANGE
2147 - 2137
EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2122- 2133
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 and Strategy
U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department will release its CPI report on Tuesday (March 12). The price index is expected to rise 3.7% from the same period last year, which would be the smallest annual increase since April 2021. Although the annual figure is well below the peak of 6.6% reached in 2022, the recent pace of progress has been modest. This is consistent with testimony before Congress last week from Fed Chairman Jerome Powell, who said that while a rate cut may be appropriate "sometime this year," he is not ready yet. The unseasonally adjusted CPI annual rate announced today is expected to remain unchanged at 3.1%, which may be negative for gold.
Gold has risen for 9 days in a row. Yesterday was the only time it did not break through the high point and has maintained a narrow range. Therefore, gold is choosing a direction. Today we need to see whether the US CPI data will change the direction in which gold has been rising.
The support point of the daily unilateral moving average is 2170, and then the focus is on the low of 2156 during the non-agricultural data. Only if it falls below this position can we continue to see the downside.
My suggestion is to wait for the CPI to be released, follow the trend, or observe whether it will break through the resistance range of 2190-2195.
If you don’t know how to trade, join me and improve your trading success rate
XAUUSD top-down analysisHello 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.
Xauusd confirm buy 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.
From a technical perspective, the Relative Strength Index (RSI) on the daily chart is flashing extremely overbought conditions and prompting some profit-taking. The near-term bias, however, still favours bullish traders in the wake of last week's break through the previous record high, around the $2,144 area. The latter should now act as a key pivotal point, which if broken decisively could drag the Gold price towards the $2,125 intermediate support en route to the $2,100 round figure.
Gold now buy 2175
Target 2185
Target 2195
Target 2210
SL 2160
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Once again a great start to the week with our chart idea playing out, as analysed.
Yesterday we stated we had a open target at 2184 and a ema5 cross and lock above 2184 will open the range above or failure to lock above 2184 will see price retrace.
- Our target at 2184 was hit perfectly followed with a candle body close above 2184 leaving 2192 open. However, we will need to see Ema5 cross and lock above 2184 to further confirm the range targets above. We also saw our bearish target at 2178 complete and then found support for a retest at 2184.
We will also keep in mind a failure to open the range above will see retracement test to support at 2166 and a break and lock below this level will open the swing range. A cross and lock below the lower swing range at 2137 will open the structure support. However, support above here and we are likely to see a re-test of the levels above 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
2184 - DONE
EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS
2192
2201
POTENTIALLY 2210
BEARISH RETRACEMENT TARGETS
2178 - DONE
2166
EMA5 CROSS AND LOCK BELOW 2166 WILL OPEN THE SWING RANGE
SWING RANGE
2147 - 2137
EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2122- 2133
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 Trends: Navigating Precious Metal DynamicsIn the realm of commodities, gold remains an enduring symbol of wealth and stability. Recent movements in the gold market have sparked discussions and analysis among investors, who closely monitor economic indicators and geopolitical events for insights into its trajectory. Despite challenges such as inflationary pressures and global uncertainties, gold retains its allure as a safe-haven asset in times of market volatility. As the gold market continues to evolve, investors remain vigilant, seeking to understand the factors driving its movements and anticipate future trends.
XAUUSD No sells until this price level good evening gold gang! its that time again
wowwwww what an insane week last week .. i stopped analysing as it was trending so dang hard it was just buy every pull back lol
I wonder what we will get this week as dollar is still in freefall .. could we see higher pricing? i think we can
I wont be looking at any sell until the 2207 projected algo level. Then i can wait for confirmation and take a short ... other than that its buying from further down
as usual .. lets let the price play out and make informed decisions from there
stay safe out there gold gang and stay frosty
tommy
GOLD 1H 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 break into the new range and playing between two structures 2184 resistance and support at 2166 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
We have a open target at 2184 and a ema5 cross and lock above 2184 will open the range above or failure to lock above 2184 will see price head towards the retracement range for a test.
A retracement test to support at 2166 and a break and lock below this level will open the swing range. A cross and lock below the lower swing range at 2137 will open the structure support. However, support above here and we are likely to see a re-test of the levels above 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
2184
EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS
2192
2201
POTENTIALLY 2210
BEARISH RETRACEMENT TARGETS
2178
2166
EMA5 CROSS AND LOCK BELOW 2166 WILL OPEN THE SWING RANGE
SWING RANGE
2147 - 2137
EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2122- 2133
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 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 break into the new range and testing resistance structure at 2171. We now also have a resistance target open to 2190.
We are looking for a re-test and break and lock above 2190 Goldturn resistance to confirm the range above or a failure to break and lock above 2190 Goldlturn resistance will see price head towards the retracement range at 2151.
A break and lock below this level will open the swing range. A cross and lock below the lower swing range at 2101 will open the structure support. However, support above here and we are likely to see a re-test of the levels above 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
2190
EMA5 CROSS AND LOCK ABOVE 2190 WILL OPEN THE FOLLOWING BULLISH TARGETS
2206
2223
BEARISH RETRACEMENT TARGETS
2171
2151
EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE
SWING RANGE
2125- 2101
EMA5 CROSS AND LOCK BELOW 2101 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2065- 2052
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.
Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into the channel bottom.
- This played out perfectly with No ema5 cross above 2043 confirming a new Goldlturn below for the rejection into the channel bottom.
We then stated that we are seeing price at support for a bounce or we will need to see ema5 cross below the channel bottom to open 1998 Goldturn test
- This played out perfectly with the ema5 cross and lock below the channel bottom opening 1998, which was hit 2 weeks ago. EMA5 did not cross below 1998, which provided the support for the bounce.
We then stated that if this support holds, we are likely to see a test at 2043 to re - enter the channel dynamics. Failure to test and break the channel again will likely see another dip down keeping in mind we have ma200 sitting below for a long range dynamic support.
- This is now playing out, as last week we saw the 1998 level hold for the bounce like we suggested and now heading towards the 2043 longer range target identified 1 week ago.
- This played out perfectly last week with 2043 hit followed with our 2089 axis target to perfection!!!.
We will now need to see ema5 lock inside the channel above to confirm a continuation in the new range above or a possible correctional retracement at 2043 for support before we see further challenges and tests above.
CURRENT UPDATE
We saw ema5 lock inside the channel and level to level all the way into the channel top completing the channel with a perfect finish respecting the channel top to perfection.
We are now 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 extent the channel range to 2205 and 2237 long term.
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.
LAST WEEKS 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.
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 TIME TO RETRACE !!!HELLO TRADERS
As I can see GOLD is now trading ATH tested 2194$ I am expected a reversal from this zone till design TP Friends DXY already has reached @ Stong Support Zone on Friday and holding above support levels NFP data show a strong number on Friday this week CPI and Inflation Data can move $ Friends it's Just and trade idea with a very small risk & reward Please Share your ideas with us on GOLD it helps many other traders
STAY TUNED!!
For more updates
Gold Friday Trends and Trading Signals
#XAUUSD
The price of gold has been rising unilaterally for many days in a row, with almost no correction. Yesterday, the price of gold failed to break through 2165. With the news of wars between multiple countries and the continued stimulation of expectations of interest rate cuts. Gold still has room to rise. Observing the daily line, we find that gold has the possibility of a correction to 2090. Currently observing the 1-hour line, gold is expected to pull back to around 2045, with room for growth from 2045-2084. If suggestions are given based on the one-hour line: today's trading strategy is:
buy2042-2047 tp2155-2165-2175-2184 sl2135.5
SELL 2179-2184 tp 2171-2166 sl2190
If buying gold encounters a sharp correction in gold, stop the loss immediately.
If you are interested in my analysis, please join me. And give my post a like. I will update my thoughts in time and wish everyone smooth trading
GOLD 1H ROUTE MAP END OF WEEK UPDATEHey Everyone,
Awesome finish to the week with our chart idea complete, hitting all our targets with a 100% hit rate for the week!!
Yesterday we hit the 2153 and 2159 targets after ema5 lock confirmation above 2143 and was short of the final target at 2167. This target was hit today completing the week with a full house!!!!!
BULLISH TARGETS
2125 - DONE
EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS
2133 - DONE
2143 - DONE
EMA5 CROSS AND LOCK ABOVE 2143 WILL OPEN THE FOLLOWING BULLISH TARGETS
2153 - DONE
2159 - DONE
2167 - DONE
As always, we will now come back Sunday with our multi timeframe analysis, gold route map and trading plan for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Bullish Confirmation Again 🥇
Gold broke and closed above the ATH level yesterday.
Retesting the broken structure today,
the price started to consolidate within a horizontal range on a 4H.
Bullish breakout of the resistance of the range is one more strong bullish confirmation.
We can expect a further growth now at least to 2185
❤️Please, support my work with like, thank you!❤️
GOLD 1H ROUTE MAP & TRADING PLAN WITH UPDATED LEVELSHey Everyone,
Following on from yesterdays update another PIP-TASTIC day on the chart for us, with our bullish targets being hit with confirmation, to give us plenty of time to get in for the action.
After completing yesterdays targets, we advised of the ema5 break and lock above 2143 opening, 2153, 2159 and potentially 2167 if momentum allows.
Today we got the 2153 and 2159 HIT perfectly and just short of the momentum target of 2167 where momentum finished off at 2164.
2143 is now our range support. Any retracement that supports above 2143 will likely give us a retest of the targets today and if we get enough momentum then completion of the momentum target at 2167. However, a break below 2143 support level will open the range 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
2125 - DONE
EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS
2133 - DONE
2143 - DONE
EMA5 CROSS AND LOCK ABOVE 2143 WILL OPEN THE FOLLOWING BULLISH TARGETS
2153 - DONE
2159 - DONE
POTENTIALLY 2167 -
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