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GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our analysis playing out, as planned. Yesterday after completing the retracement range target at 2484 we stated a break below this level would open the swing range. This was open and hit perfectly today completing the first swing target at 2472. The swing range did exactly what it says on the tin by providing the extended bounce swing from 2472 into 2484 completing the swing. We will now look for a 2498 weighted resistance re-test and a cross and lock above this level will re-open the range above. Failure to test and lock above this level will follow with another 2484 weighted support test and a further cross and lock below 2484 will this time open the full swing range for the extended swing bounce. 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 2509 EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2524 2535 BEARISH TARGETS 2498 - DONE EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 - DONE EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 (DONE) - 2461 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
OANDA:XAUUSD
by Goldviewfx
30
XAU/USD 04 September 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 03 September 2024. -> Swing: Bullish. -> Internal: Bearish. Price is stuck within an internal range and is most probably awaiting a catalyst (macroeconomic or geopolitical) Technically price should target weak internal low and is currently reacting at premium of internal 50% EQ, however, price has ben printing low volume bars with no clear internal range direction. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Unlock Winning Strategies: Spot High-Probability Trades!Chart Analysis: XAU/USD (Gold Spot vs. USD) Based on the two charts you have provided, here is a detailed technical analysis of XAU/USD using price action and chart pattern observations: 1. Weekly Flag Trendline (Higher Time Frame Context) The upper and lower yellow trendlines represent a possible flag pattern on the weekly chart. This suggests a consolidation phase after a strong impulsive move. A flag pattern typically signals a continuation of the previous trend, which, if the context is bullish, indicates that after consolidation, there may be a continuation to the upside. On both charts, we can observe that price action is contained within this broader structure, indicating that price is in a correction phase rather than an impulsive phase. 2. Key Horizontal Levels 2,532.144 and 2,506.245: These levels act as strong resistance zones. The price has struggled to break above these levels multiple times, indicating significant selling pressure or profit-taking at these points. 2,471.313: This is a key support level. The price has reacted to this level before and, most recently, has bounced back after testing this support zone. This suggests that buyers are willing to step in at this level, providing a floor for the price. 3. Descending Channel and Price Action Patterns Descending Triangle/Channel Pattern: On the 15-minute chart, the price seems to be forming a descending triangle pattern (lower highs and a flat support at 2,471.313). This pattern is typically bearish, suggesting a potential breakdown if the support does not hold. Potential Reversal Patterns: After testing the lower trendline of the weekly flag pattern and finding support at the 2,471.313 level, there was a notable bullish reaction. This can imply a short-term reversal, especially if confirmed by a break above the minor resistance level of 2,494.370. 4. Consolidation Zone and Lower Time Frame Patterns The 15-minute chart shows a clear consolidation pattern after the sharp decline, with price action currently moving sideways between 2,494 and 2,506. A break above this consolidation range could signal a short-term bullish continuation towards the upper resistance levels, while a break below would imply a continuation of the bearish trend observed previously. 5. Breakout and Pullback Zones The yellow dotted lines on the 15-minute chart indicate key areas where the price broke out from consolidation phases. These areas are crucial for identifying potential entry points in a trending market. If the price retests these zones and finds resistance or support, they could act as triggers for either continuation or reversal trades. Trading Strategy Considerations Bullish Bias: Traders with a bullish bias might consider waiting for a breakout above the 2,506.245 resistance, looking for a confirmation with a pullback to this level as support. The target could be the upper boundary of the flag around 2,532.144 or higher, depending on momentum and broader market conditions. Bearish Bias: A trader with a bearish outlook might wait for the price to break below the 2,471.313 support level, looking for short positions targeting lower levels aligned with the descending channel's trajectory. Range Trading: Given the current consolidation between 2,494.370 and 2,506.245, range traders could look for entries at the edges of this range with tight stops and defined profit targets within the range. Conclusion Given the price action analysis and current chart patterns, the XAU/USD market appears to be in a consolidation phase within a broader flag pattern. This suggests that while the immediate outlook may be neutral to bearish, there is potential for a bullish breakout if key resistance levels are breached. Traders should watch for confirmed breakouts or breakdowns from these levels to guide their trading decisions, keeping in mind the broader market trend and any fundamental drivers influencing gold prices.
OANDA:XAUUSDEducation
by Adlercon333
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 1H chart idea, which has been playing out level to level. Yesterday on our 4H chart update we stated that our 1H chart had a lock below opening the lower range. This was the 2498 bearish target, which was hit and followed with a cross and lock opening the retracement range 2484. This was also hit perfectly and gave the perfect bounce, as part of our plans to buy dips from the weighted levels. We currently still have a gap above at 2509 and will only target this if the lower weighted levels are rejected with no further locks. Otherwise we are happy to track the movement down and catch the buys from the weighted level bounces. We will also keep in mind that a cross and lock below the retracement range will open the swing range for the extended bounce. 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 2509 EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2524 2535 BEARISH TARGETS 2498 - DONE EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 - DONE EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 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
OANDA:XAUUSD
by Goldviewfx
46
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our 4H chart idea playing out inline with our plans to buy dips. Price is still playing between two weighted levels. We had the support target at 2492 hit and complete perfectly with no cross and lock below the level confirming the rejection and providing the bounce. We currently have a gap open above at 2519 and will need ema5 cross and lock above 2519 to open the range above or a failure to test and break 2519 will see a re-test at 2492 and a further cross and lock below 2492 will open the range below. We need to also keep in mind the 1H chart has an open gap below from ema5 lock and further movement down is possible but we also need to keep in mind the US holiday today will skew that data and will need tomorrows data to assess the 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 2519 EMA5 CROSS AND LOCK ABOVE 2519 WILL OPEN THE FOLLOWING BULLISH TARGET 2536 POTENTIALLY 2550 BEARISH TARGETS 2492 - DONE EMA5 CROSS AND LOCK BELOW 2492 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2468 2438 EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE SWING RANGE 2416 - 2389 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
OANDA:XAUUSD
by Goldviewfx
19
XAU/USD (GOLD) Longs from 2,480.000 back upMy analysis for gold this week remains focused on identifying long opportunities to capitalize on the bullish pressure we've been seeing. The plan is to follow the trend as it develops. Last week's consolidation and the current slowdown suggest that the bullish momentum is waning and a retracement might be due. I've identified a 2-hour supply zone where the price might react and trigger a downward move. If this does not happen, I'll look for the price to decline towards the 17-hour demand zone, where I anticipate price accumulation and a potential rally continuation. Confluences for gold buy opportunities include: - Price has shown strong bullish behavior and recently took out the all-time highs. - A clear 17-hour demand zone remains, which caused a break of structure to the upside. -There's trendline liquidity to the upside that needs to be taken. - This move aligns with the higher time frame trend, which is currently very bullish. P.S. I particularly expect the price to sweep the Asian session low around 2484, where we might then see a slowdown. Additionally, there's also a significant 19-hour demand zone below to consider.
OANDA:XAUUSDLong
by Hassan_fx
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2509 Goldturn resistance and 2498, as Goldturn support. We currently have a gap above on market open at 2509 and below at 2498 and 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 2509 EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2524 2535 BEARISH TARGETS 2498 EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 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
OANDA:XAUUSD
by Goldviewfx
15
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 price between two weighted levels. We have 2510 Goldturn resistance and we have 2492, as Goldturn support. We currently have a gap open above at 2519 and below at 2492 and 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 2519 EMA5 CROSS AND LOCK ABOVE 2519 WILL OPEN THE FOLLOWING BULLISH TARGET 2536 POTENTIALLY 2550 BEARISH TARGETS 2492 EMA5 CROSS AND LOCK BELOW 2492 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2468 2438 EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE SWING RANGE 2416 - 2389 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
OANDA:XAUUSD
by Goldviewfx
7
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months. Last week we got the correction just above the channel top near 2467 Goldturn support, which followed with a nice push up like we said. We also stated that we had a candle body close above 2505 leaving a long term/range gap open to 2557. - This week we have the same again with a candle body close above 2505 again leaving a gap to 2557. However, keep in mind we also have a ema5 detachment below highlighted on the chart with a circle for a possible correction area. Either way we are looking for the channel top to provide support for the bounce. All channels that break usually require the channel top to become support outside the channel for further continuations before new channels form. Failure to provide support outside of the channel, means price breaks back into the channel, in which case the channel re-activates for trading and tracking level to level once again Therefore, if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future.. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD MARKET UPDATEHey Everyone, Great finish to the week with all our charts playing out as analysed. This is the 4H chart we have been tracking and trading since last Sunday and perfectly inline with our plans to buy dips. We were seeing price play between two weighted levels. 2514 Goldturn resistance and 2492, as Goldturn support. 2492 provided support all week with no cross and lock and 2514 was hit perfectly followed with ema5 cross and lock opening 2529 and potentially 2549 if momentum allowed, that's why we say "potential" for extended targets, which can be strengthened with ema5 lock. - 2529 was hit perfectly completing our Bullish targets and nor further ema54 lock above 2529 confirming the rejection BULLISH TARGET 2514 - DONE EMA5 CROSS AND LOCK ABOVE 2510 WILL OPEN THE FOLLOWING BULLISH TARGET 2529- DONE POTENTIALLY 2549 We will now come back Sunday with our 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
OANDA:XAUUSD
by Goldviewfx
14
GOLD ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts with our chart idea playing out to perfection!!!! Once again 2500 provided support confirmed with no cross and lock, which followed with the bounce into 2513 and then a further cross and lock above 2513 opened 2525, which was once again hit perfectly!!! We are now looking for a lock above 2525 to open 2535 or failure to lock and we will continue to see a rejection back into the lower weighted Goldturn support levels 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 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 2513 - DONE EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET 2525 - DONE 2535 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 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
OANDA:XAUUSD
by Goldviewfx
10
Can Gold’s Uptrend Survive Friday’s PCE Data? Can Gold’s Uptrend Survive Friday’s PCE Data? Gold prices slipped over 0.7% on Wednesday as the U.S. dollar rebounded, setting the stage for a pivotal close to the month with key inflation data on the horizon. Markets are bracing for the upcoming Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. The PCE data, due on Friday, is expected to show a slight uptick, according to consensus estimates. If the U.S. economic data continues to show signs of weakness, it could bolster gold’s recent uptrend, fueling speculation that the Fed might consider a larger rate cut in September. Despite Wednesday's dip, gold's upward trajectory possibly remains largely intact. The metal briefly dipped below $2,500 but quickly rebounded. If prices remain above this level, the next significant resistance lies at the all-time high of $2,531.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with a repeat of yesterdays action. We had another cross and lock above 2513 opening 2525, which was hit once again. This followed with no ema5 lock above 2525 confirming the rejection into the 2500 range, which once again gave multiple bounces, as analysed inline with our plans to buy dips. We will now once again look for another 2513 re-test and further cross and lock above to re-open the range above or a cross and lock below 2500 to open the full retracement range. Currently we are continuing to use the support above 2500 to buy dips. 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 2513 - DONE EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET 2525 - DONE 2535 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 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
OANDA:XAUUSD
by Goldviewfx
7
XAU/USD 28 August 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 27 August 2024. -> Swing: Bullish. -> Internal: Bearish. As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS. Price has printed bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 4HR Analysis UpdateFollowing my last few analysis depictions we have seen the bullish momentum surge bounce off the identified level followed by a small correction down to the key psych level of 2500-08 where price was once again met by the dynamic trendline, 50 ema and order block pivot zone along with 25% quarter section all acting as key support pivot levels which helped price respect and keep its bullish momentum in tact, following this I am now looking as my target the next all time high as the upper 2500s primarily between 2550 - 2575 to match the second phase of the 50% quarters section with 75% being on 3000.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
2
GOLD ROUTE MAP UPDATEHey Everyone, After completing 2513 and 2525 yesterday we had a candle body close gap to 2535 but stated ema5 lock will further confirm this. No lock confirmed the rejection to find support above 2500. We are now seeing price range between the weighted levels 2513 resistance and 2500 support and using the dips between this range to buy and using 2513, as exits for now. We will look for either 2513 to cross and lock above once again to open the range above or a cross and lock below 2500 to open the retracement range. Currently we will be using the support above 2500 to buy dips. 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 2513 - DONE EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET 2525 - DONE 2535 BEARISH TARGETS 2500 EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 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
OANDA:XAUUSD
by Goldviewfx
8