GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week!!!!
Yesterday we got the swing range activation and caught a nice move up but the full swing range was not compete.
This followed with another test on the swing range allowing us to catch the move again, inline with our plans to buy dips.
The full move into 2630 completed the full swing today, catching over 400 pips.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldtrading
GOLD ROUTE MAP UPDATEHey Everyone,
What can I say...we totally smashed the pips today !!!
Our chart idea and levels were respected perfectly allowing us to track the movement down with ema5 cross and lock confirmations on our weighted levels, giving us the bounces.
The break from the retracement range opened and completed the swing range, which did exactly what it says on the tin giving us the full swing, which we were able to catch for a clean 280pips!!
The beauty of our strategy to buy dips from our weighted levels allows us to catch pips regardless which way the market goes.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628 - DONE
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Intraday Bearish Bias
Gold nicely retested a recently broken key daily horizontal support.
After its test, I see very intraday bearish price action with
a confirmed local Change of Character CHoCH.
The price will most likely drop lower at least to 2585.
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XAU/USD 20 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!!
ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED)
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!!
ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED)
Analysis/bias remains the same as yesterday's analysis dated 19 December 2024.
Price Action Analysis:
Yesterday's analysis played out as expected with price targeting weak internal low, printing a bearish iBOS.
Price has printed a bullish CHoCH, indicating, but not confirming bullish pullback phase initiation. We are now trading within an established internal range.
Intraday Expectation:
Price is currently trading at premium of internal 50% EQ where we could see a reaction. Price could potentially trade up to M15 supply level before targeting weak internal low priced at 2,583.915
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Closing both of orders with excellent ProfitAs discussed throughout my yesterday's session pre-Fed commentary: "Fundamental analysis: My earlier Selling signal was confirmed on Hourly 4 chart under prolonged weakness and Price-action respecting the trendline guarding the downtrend (very Bearish formation) as Hourly 1 chart is already an aggressive Descending Channel (width opened on Williams) that should reach it’s next Lower High’s (currently Trading slightly below Triple Top's formation) and Oversold state near my take Profit of #2,627.80 Support in extension. If the bands are widened Traders may witness #2,622.80 pivot point test on the correction back down after current upside extension but not Lower. In any case I will update my Targets or levels of Profit taking if I decide to exit earlier than #2,622.80 Support in extension to be in accordance with the Daily chart’s period.
My position: #2,648.80 was excellent re-Sell point and regarding Fed Rate decision, I expect Rate to be Lowered and hawkish stance on the aftermath which can make Gold suffer even more."
I have closed my both #2,648.80 and #2,638.80 orders, first one on #2,633.80 and second one (#2,638.80 entry point) on #2,600.80 benchmark. My Fed Rate decision expectations were spot on as I guessed nicely that Rate will be Lowered and hawkish stance on the aftermath.
Technical analysis: As Gold rebounded back towards well known Hourly 4 chart’s Neutral Rectangle once again within Symmetrical Triangle forming on Daily chart, this is very cautious market at the moment. Yet again, I see no firm reasons for current Buying bias on Gold to be sustainable, as #2,648.80 - #2,652.80 Resistance zone should price in local Top’s and reversal area (optimal re-Sell zone). After observing Gold’s Price-action near market closing (first similar closing since May #15), do not expect much from today’s session as long as DX isn't pressured by disappointing numbers.
My position: I will await for area to be engulfed and only then make my move. Yesterday's session Profits were great edition to previous week's Profits as I don't have any urge to rush and engage any kind of order however will monitor the Price-action patiently until opportunity arise. I expect Gold to remain pressured.
GOLD (XAUUSD): Massive Breakout
FED rate decision and FOMC made Gold very bearish yesterday.
The price violated a support line of a wide horizontal range on a daily.
Its breakout signifies a strong bearish pressure.
It opens a potential for more price depreciation.
Next support - 2563
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Closing both of orders with excellent ProfitAs discussed throughout my yesterday's session pre-Fed commentary: "Fundamental analysis: My earlier Selling signal was confirmed on Hourly 4 chart under prolonged weakness and Price-action respecting the trendline guarding the downtrend (very Bearish formation) as Hourly 1 chart is already an aggressive Descending Channel (width opened on Williams) that should reach it’s next Lower High’s (currently Trading slightly below Triple Top's formation) and Oversold state near my take Profit of #2,627.80 Support in extension. If the bands are widened Traders may witness #2,622.80 pivot point test on the correction back down after current upside extension but not Lower. In any case I will update my Targets or levels of Profit taking if I decide to exit earlier than #2,622.80 Support in extension to be in accordance with the Daily chart’s period.
My position: #2,648.80 was excellent re-Sell point and regarding Fed Rate decision, I expect Rate to be Lowered and hawkish stance on the aftermath which can make Gold suffer even more."
I have closed my both #2,648.80 and #2,638.80 orders, first one on #2,633.80 and second one (#2,638.80 entry point) on #2,600.80 benchmark. My Fed Rate decision expectations were spot on as I guessed nicely that Rate will be Lowered and hawkish stance on the aftermath.
Technical analysis: As Gold rebounded back towards well known Hourly 4 chart’s Neutral Rectangle once again within Symmetrical Triangle forming on Daily chart, this is very cautious market at the moment. Yet again, I see no firm reasons for current Buying bias on Gold to be sustainable, as #2,648.80 - #2,652.80 Resistance zone should price in local Top’s and reversal area (optimal re-Sell zone). After observing Gold’s Price-action near market closing (first similar closing since May #15), do not expect much from today’s session as long as DX isn't pressured by disappointing numbers.
My position: I will await for area to be engulfed and only then make my move. Yesterday's session Profits were great edition to previous week's Profits as I don't have any urge to rush and engage any kind of order however will monitor the Price-action patiently until opportunity arise. I expect Gold to remain pressured.
US Index Bullish after the FOMC Fed rate Cut off to 4.5US index bulish after the FOMC Fed rate cut.
Now the Price is still at 108.133 and the last resistance was break on the current level and wait for the confirmations
The next level will be 109.156 and 109.954.
The USD positive impact will have a negative impact on major pairs and gold; be careful when opening the trades.
*Note:
When the USD idex is strongly bullish and sentiments also show the data will impact after the gold bullish recovery.
XAUUSD: Channel Up bottom buy opportunity.XAUUSD is marginally bearish on its 1D technical outlook (RSI = 43.110, MACD = -4.500, ADX = 23.016) as it is trading under the 1D MA50 and is approaching the 1D MA100. That was the trendline that contained the correction on November 14th at the bottom of the 8 month Channel Up and delivered a strong rebound. So far it seems that Gold is replicating the April-June accumulation phase. As long as the 1D MA100 holds again, we will be bullish, aiming for a strong rebound to the 2.0 Fibonacci level (TP = 2,825).
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GOLD ROUTE MAP UPDATEHey Everyone,
Same as yesterday we are still playing within the retracement range and consolidating before FOMC.
2628 weighted level is still holding support and remains open and failure to lock below with ema5 will see a bounce from this level. However, EMA5 cross and lock below this level and we are likely to see the swing range open.
We have FOMC release in 45 minutes so need to keep this in mind for the non organic movement that will need to settle down for the levels to start respecting.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD ROUTE MAP UPDATEHey Everyone,
Not much to update on our route map, as price is still playing within the range for tomorrows pre-fomc gear up.
We are currently seeing price play in the retracement zone to provide support for the bounce with the full gap still left open at 2628. We also have the full bullish gap above left open at 2666 to keep in mind.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to our 1H chart idea playing out as analysed although price still remains within the first range.
We started with our bearish target at 2645 hit with no cross and lock below confirming the rejection for the push up for our Bullish target at 2666, which fell short and still remains open.
We will continue to see price play between both these weighted levels until we see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 1H CHART ROUTE MAP & TRADING PLAN 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 a gap above at 2666and a gap below at 2645. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 play between two weighted levels with a gap above at 2693 and a gap below at 2656, which is already done with candle body close but need ema5 to cross and lock below to confirm the move further down. Weighted Goldturns will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2693
EMA5 CROSS AND LOCK ABOVE 2693 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2765
EMA5 CROSS AND LOCK ABOVE 2765 WILL OPEN THE FOLLOWING BULLISH TARGET
2795
BEARISH TARGETS
2656- DONE
EMA5 CROSS AND LOCK BELOW 2656 WILL OPEN THE FOLLOWING BEARISH TARGET
2613
EMA5 CROSS AND LOCK BELOW 2613 WILL OPEN THE SWING RANGE
SWING RANGE
2561 - 2519
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range.
After completing a nice run of bull targets over the last few months, we last updated this chart stating we were playing between two weighted levels 2629 and 2686 and 2629 was still providing support with no ema5 lock below leaving a the gap open again at 2686.
2686 was hit again last week completing this target one again with no further lock above 2686 confirming the rejection for the move down.
We will continue to see play between 2629 and 2686 until we see a break with ema5 lock to confirm the next range.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our monthly chart idea for our long term/range analysis that we last updated last week on month start.
Last week we stated that this month also started with a detachment to ema5 below for a correction, which was nearly completed and can be pulled up to complete, also highlighted with a small mini circle on the charts for visual purpose.
- This detachment to ema5 was completed perfectly.
We also stated that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce.
- This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702.
We will wait for month end to look for a body close above 2702for a further continuation or if momentum allows to compete the axis targets above before hand.
However, we will keep in mind the channel top that may require a support test. We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis
and important supports and resistances for Gold for next week.
Support 1: 2648 - 2666 area
Support 2: 2605 - 2625 area
Support 3: 2536 - 2563 area
Resistance 1: 2718 - 2732 area
Resistance 2: 2787 - 2789 area
Consider these structures for pullback/breakout trading.
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How to Identify Significant Liquidity Zone in Gold Trading
A liquidity zone is a specific area on a price chart where the market orders concentrate.
In this article, I will teach you how to identify the most significant liquidity zones on Gold chart beyond historical levels.
Liquidity Zones
First, in brief, let's discuss where liquidity concentrates.
Market liquidity concentrates on:
1. Psychological levels
Above, you can see a clear concentration of liquidity around a 2500 psychological level on Gold price chart.
2. Fibonacci levels
In the example above, we can see how 382 retracement of a major bullish impulse attracts market liquidity on Gold XAUUSD daily time frame.
3. Horizontal support and resistance levels and trend lines.
In that case, an area based on a classic support/resistance level was a clear source of market liquidity on Gold.
Significant Liquidity Zone
A significant liquidity zone will be the area where psychological levels, Fibonacci levels, horizontal support and resistance levels and trend lines match .
Please, note that such an area may combine the indicators, or any other technical tools.
Such zones can be easily found even beyond the historic levels.
Look at a price chart on Gold on a daily.
Though the market has just updated the ATH, we can spot the next potentially significant liquidity zone with technical analysis.
We see a perfect intersection of a rising trend line, 2600 psychological level based on round numbers and a Fibonacci extension confluence of 2 recent bullish impulses.
These technical tools will compose a significant liquidity zone.
The idea is that Gold was rallying up because of the excess of demand on the market. We will assume that selling orders will be placed within that liquidity zone and the excess of demand will be absorbed by the supply.
It will make the price AT LEAST stop growing and potentially will trigger a correctional movement.
Learn to recognize such liquidity zones, it will help you a lot in predicting Gold price movements.
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