⭐️ XAU/USD : Weekly Analysis of $GOLD (READ THE CAPTION)By checking the gold chart in the weekly time frame, we see that today's price was able to reach a new ATH of $2450 by conquering the previous peak! As you know, there was a liquidity pool above the previous ATH , and for this reason, the price has faced a slight correction after reaching this level! Pay attention that it is very important to monitor the price movement this week, because if the price stabilizes above this level, we will see the growth of gold up to $2550 in the short term! This analysis will be updated!
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Best Regards , Arman Shaban
Goldtrading
XAUUSD Top-down analysis Hello 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.
GOLD 1H CHART ROUTE MAP AND TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test resistance at 2413 with already price close above it leaving gap to 2429. However ema5 cross will further confirm this, as a target.
We now have gaps between both support and resistance weighted levels. Gap above at 2429 weighted level and gap below 365, 2379 Goldturn and below at 2401 and 2390 weighted support level.
We will need to see ema5 lock above 2429 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2390 will open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2413
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442
2458
BEARISH TARGETS
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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 AND TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2418 resistance and 2379 is the weighted support for this range and we have the correctional retracement zones in-between. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2418 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2379 will open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2418
EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438
2453
BEARISH TARGETS
2400
2379
EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE
SWING RANGE
2357 - 2334
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 MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range
LAST WEEKS UPDATE
The mission to retest the new open range again has started with 2296 and 2360 complete. If we get the full re-test above this month then we are likely to see ema5 move up closing the detachment gap higher for any correction to take place higher.
CURRENT UPDATE
We got the test at 2421 completing the gap from last week and our monthly chart idea and now the detachment below has also moved up with the momentum of the movement last week closing the gap further like we said above. We now only have 2483, as our long term extended target on this chart idea left.
Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above.
We still remain Bullish and will only safely take buys from support levels.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Waiting For Breakout! 🥇
Gold closed this week, testing a resistance cluster based on the all-time high.
Because the trend is strongly bullish, probabilities will be high
that the market will violate that.
I will be waiting for a daily candle close above the underlined red area
to confirm a bullish continuation.
The market may go much higher then.
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GOLD MARKET UPDATEHey Everyone,
I don't to really have to say anything as the chart is doing all the talking!!!
Our chart idea has played out perfectly with only our last target in the range to complete 2408, which was hit perfectly today completing this chart idea.
Our targets gave us plenty of chances to get in for the entries form every dip using our weighted levels, as part of our plans to buy dips.
BULLISH TARGETS
2365 - DONE
2379 - DONE
EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS
2393 - DONE
POTENTIALLY 2408 - DONE
BEARISH TARGETS
2346 - DONE
2337 - DONE
We will now come back once again on Sunday with our multi timeframe analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a smashing weekend!!!
Mr Gold
GoldViewFX
Gold will remain bullish tomorrow as wellFor tomorrow, the resistance areas are: 2400 and 2410. The support area we're finding on the M30 is at 2380. These levels will perform tomorrow, and we should also keep an eye on geopolitical events. Additionally, tomorrow we have Unemployment Claims news affecting us.
XAUUSD: 4H Golden Cross since February.Gold is bullish on the 1D technical outlook (RSI = 62.834, MACD = 24.030, ADX = 26.032) and on the 4H formed the first Golden Cross since February 28th. Last time this sparked a very aggressive rise with the 4H supporting. We are targeting the top of the long term Channel Up (TP = 2,500).
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GOLD MARKET UPDATEHey Everyone,
Another PIPTASTIC day on the chart today buying dips all the way into our Bullish target!!!
After completing the retracement range earlier this week, we got the bounce into 2357 yesterday followed with the lock above 2357 opening the 2389 bullish target once again.
- This played out perfectly completing the target at 2389!!!
We will now look for a ema5 lock above 2389 to open the range above or failure to lock above will see a rejection back to 2357.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2389 - DONE
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435
BEARISH TARGETS
2357 - DONE
EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2337 - DONE
2317
EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2274
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Waiting For The Next Move 🥇
Gold is currently testing a resistance cluster,
based on a solid trend line and a horizontal resistance on a daily.
Bullish breakout of the underlined area will give us a strong bullish confirmation.
A daily candle close above that will confirm a violation.
A bullish continuation will be anticipated to 2400 level then.
❤️Please, support my work with like, thank you!❤️
What did Powell say and what did gold do? Federal Reserve Chair Jerome Powell expressed reservations about the trajectory of disinflation in the US during his recent remarks, stating, "My confidence in that is not as high as it was." Despite this, he indicated that further rate hikes were unlikely based on the data from the first quarter of the year.
Powell's comments largely echoed those made during his last press conference following the Federal Reserve's previous meeting.
Market sentiment regarding the Fed's rate decisions appears to be slightly adjusting though, particularly after the release of new data showing faster-than-expected increases in producer prices in April. Traders are now considering a 60% chance of a rate cut in September, down slightly from the 64% chance before Powells remarks and the Producer Price Index (PPI) report.
Following the release of the PPI data, the XAU/USD pair climbed nearly 0.8% to $2,357, with potential for further gains in upcoming trading sessions. Technical analysis indicates that the next obstacle for gold prices lies near trendline resistance at $2,370, while immediate support rests close to $2,320, followed by the 50-day Moving Average.
Market attention now turns to the release of consumer price data for April, scheduled for Wednesday.
GOLD 4H CHART MARKET UPDATEHey Everyone,
Great day on the chart today catching the move up form support inline with our plans to buy dips.
Yesterday after break and lock confirmation below 2357, we got our retracement target hit at 2337. We then highlighted, as per the chart arrow our expectation for a bounce back into 2357.
- This played out perfectly for the bounce into 2357 today. We will now look for a cross and lock above 2357 for a continuation above or a rejection here can provide the momentum for another retest at the retracement range for the full retracement range test.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435
BEARISH TARGETS
2357 - DONE
EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2337 - DONE
2317
EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2274
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Very Bullish Setup 🥇
I see a very nice bullish setup on Gold:
After a test of a recently broken daily structure,
the price broke and closed above a resistance line of a bullish flag pattern
on an hourly time frame.
I expect a pullback now.
Goal - 2354
❤️Please, support my work with like, thank you!❤️
GOLD 4H CHART MARKET UDATEHey Everyone,
Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range.
This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range.
We expect support bounce on each level of the retracement range and now waiting patiently.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435
BEARISH TARGETS
2357 - DONE
EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2337 - DONE
2317
EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2274
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 Top-down analysis Hello 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.
GOLD 1H CHART ROUTE MAP AND TRADING PLANS FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two levels 2365 and 2346. We have a open gap above at 2365, 2379 Goldturn and below at 2346.
We will need to see ema5 lock above 2379 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2346 will open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2365
2379
EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS
2393
2408
BEARISH TARGETS
2346
EMA5 CROSS AND LOCK BELOW 2346 WILL OPEN THE SWING RANGE
SWING RANGE
2321 - 2305
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 AND TRADING PLANS 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 weighted levels 2389 resistance and 2357 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2389 to further open the range above or a rejection will follow to find support at 2357. A cross and lock below the 2357 will open the retracement range and a further cross and lock below 2317 will open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435
BEARISH TARGETS
2357
EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2337 - 2317
EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2274
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