GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Please see our 4H chart idea update, which was completed perfectly today hitting all our targets.
First we had ema5 cross an lock above 2218 to open2238 and 2253, which were both hit perfectly earlier this week. Followed with a further lock above 2253, which opened 2269 and 2288 - BOTH HIT PERFECTLY FO RTHE FINISH!!!!
We will now look at our monthly chart update for the final extension to the range before we use our algo to generate new Goldturn levels for this upper range for the rest of the week.
Our updated levels and weighted levels allowed us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2238 - DONE
EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS
2238 - DONE
2253 - DONE
EMA5 CROSS AND LOCK ABOVE 2253 WILL OPEN THE FOLLOWING BULLISH TARGETS
2269 - DONE
2288 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Goldtrading
XAUUSD: Can it really target 2,850 by the end of the year??Gold is vastly overbought on its 1D technical outlook (RSI = 80.447, MACD = 42.840, ADX = 50.847) and the reason is that since last month's (March) breakout and monthly closing above the 2020 Resistance, it started a new bullish hyper Cycle. It is overbought on the 1W RSI also (74.802) while the monthly (1M) is only a fraction away too (RSI = 69.871). This is a heavily aggressive long term trend that until its peak won't offer many pullbacks and those will be limited.
This 1M chart shows that according to the 1M RSI we're where Gold was on the August 2019 breakout on the previous Cycle. Before that both patterns pulled back and held the 1M MA50 and 0.5 Fibonacci level. The rally that followed the breakout, peaked at +98.09% from the bottom (Fib extension 3.0). The current pattern is at +25% since the 1M MA50 and 0.5 Fib rebound and another +25% until the end of the year would also complete +98.09% from the bottom. Our end of year Target is exactly on that level (TP = 2,850).
See how our prior idea has worked out:
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GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Once again another piptastic day for us on the charts.
After completing all our Bullish targets yesterday we had the rejection into 2231 support followed with the bounce. We then advised that we will need to see a new Goldturn formation above 2240 to establish a range here for a retest on the levels above again.
- We got the new Goldturn above 2240, as highlighted on the chart with a circle confirming the re-activation of the bullish targets once again and BOOOOM!!!! All targets hit!!!
We are now seeing price head towards the 2267 resistance level once again and will need to see ema5 lock above this level to open the range above or a failure to lock above will follow with another rejection to find support again.
Please also review our 4H chart idea to see the extended range above currently open.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2240 - DONE
EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS
2240 - DONE
2246 - DONE
2253 - DONE
2258 - DONE
2267 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Gold Breaks All-Time-High !Gold surged above $2286 per ounce, marking yet another milestone in its remarkable ascent. This surge has persisted for two consecutive trading days, underscoring the enduring strength of the precious metal.
The driving force behind this meteoric rise is the mounting anticipation of an imminent interest rate cut by the US Federal Reserve in June. Such a move is expected to exert downward pressure on the US Dollar, consequently fueling further gains in Gold prices. Year-to-date, Gold has surged by an impressive 9.8%, with March alone witnessing a staggering increase of nearly 9.4%.
A closer examination from a technical standpoint reveals a bullish breakout from an ascending triangle formation, marked (in blue) which has been taking shape since early 2020. This breakout signals a robust indication of sustained bullish momentum in Gold prices over the long term. For traders, this presents a lucrative opportunity to capitalize on the prevailing bullish bias both in the intermediate and short term.
Going along the phrase of "The trend is your friend", a simple trade below may capture any retracement opportunities along this steep surge.
Entry: 2218
TP: 2320 (can be partial TP or pull up trail stop)
SL: 2149
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price challenge 2231 on market close on Friday. This is a level of resistance and will need ema5 to cross and lock above 2231 to open the range above.
We have a bullish body close price gap target at 2240 and support targets at 2225 and 2217. We will need to see 2217 cross and lock with ema5 to open the retracement range and a further break below the retracement range will see the swing range open.. Failure to lock below 2217 will establish support above this range for re-tests on the levels above once again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2240
EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS
2240
2246
POTENTIALLY 2253
BEARISH TARGETS
2225
2217
EMA5 CROSS AND LOCK BELOW 2217 WILL OPEN THE RETRACEMENT RANGE
2206
EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE
SWING RANGE
2189 - 2181
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two Goldturn levels, support at 2218 Goldturn and resistance at 2238 Goldturn.
We have a bullish gap open now at 2238 and we are seeing ema5 challenge 2218 and will need to see ema5 lock above 2218 to open the range above upto 2253 and a further lock above 2253 will open the range above.
However, we also have a target retracement range between 2196 - 2180 and a break and lock below 2180 will open the swing range and a further break and lock below the swing range will see the Goldturns tested below.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2238
EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS
2238
2253
BEARISH TARGETS
2218
2196
2180
EMA5 CROSS AND LOCK BELOW 2180 WILL OPEN THE SWING RANGE
SWING RANGE
2180 - 2153
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GoldViewFX - Gold long term projection and plan.Hey Everyone,
This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top.
We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line.
- THIS PLAYED OUT BEAUTIFULLY!
We then suggested that we will see a reaction on this channel half line for another push up to retest the upper range again.
- Once again this played out accordingly for the push up hitting our Bullish targets once again.
However, the 2080 target was left short just by a few pips so can still be considered open. Since then we saw the new monthly candle come down to attach to ema5 this month also highlighted with a circle on the chart. We are looking for dynamic suport here for a push up. If dynamic support fails to hold price here then we are likely to see price support above 1987.
- Just like we said we got the ema5 detachment complete but no dynamic support. 1987 provided the support and the bounce, as advised previously.
We are likely to see price now play between this big range. A break below 1987 will see the lower half of the channel range open up. However, support above this level inline with the channel half-line will give opportunities longer term to buy dips back into the 2080 level long term.
PREVIOUS UPDATE
BOOOOM!!!! Our 2080 target that we have been suggesting and targeting from dips was now hit perfectly last week. We now have 2163, as our long range target to complete this chart idea.
CURRENT UPDATE
2161 was hit last week completing our projection from last week for another perfect hit. We now now either see this channel break and go for the 2235 level or a rejection here for a correctional retracement will see price find support at the highlighted Goldlturns for a reaction until the bulls find momentum again to extent the channel range to then target 2235 and 2296 long term.
- This played out perfectly with the 2235 target hit perfectly and now our long term at 2296 left for the extended range. Once again we have highlighted and updated a route map within the channel for retracement and support tests and levels to extend the range and channel top for the future. We will also keep in mind 2080 is holding the structure above the channel half line support.
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): The Next Potential Resistance 🏆
This week, Gold set a new All Time High again.
Executing a Fibonacci analysis, I found the next potential resistance.
Next week, pay attention to 2250 - 2255 area.
It is an important confluence zone and the market may at least retrace from that.
❤️Please, support my work with like, thank you!❤️
GOLDIt's one of Ending Diagonal. There are 5 waves in the uptrend and in the end of that there are 5 intertwined waves. Another signal is divergence in MACD and RSI started to have lower high, on the other hand DXY is power and started to grow and wars doesn't have effect on markets. So, I think its end of the uptrend and GOLD wants go to rest. If it didn't work and price broke high line, it means GOLD started long-term uptrend and it needs weak Dollar.
I hope you have best trade.
Possible turning down GOLDGOLD is making new high time again . After making new analysis , i came out with two path for the XAUUSD. GOLD posible turn to BEAR pattern after the news today. But , we need to be alert on daily chart pattern. I noticed , the wave still not in full pattern yet. Wedge on daily chart , the price gonna hike to 2400++. As my advice, when the price hit 2247 , we need to wait the confirmation first before entring SELL MODE. Let the price close under the trend line first and let the price brek the bottom trendline as we want the Strong confirmation. If the price break the wave as i plot on the graph , the price gonna fly to 2400++. This time if price making move to bear mode , we can target 1000+ pips in futures. The previous chart sharing from me is making 500pips and still going up. Its a WIN for those who follo the analysis. Keep safe.
Don't Miss Out: XAUUSD Sell Opportunity Ahead!Are you ready to seize the potential gains in the XAUUSD market? Dive into this comprehensive analysis for a detailed insight into the next big move. I have identified a prime opportunity for traders looking to capitalize on the fluctuations in the XAUUSD pair.
Analysis:
Entry: 2223
Take Profit: 2210
Stop Loss: 2230
My analysis indicates a compelling setup for a profitable trade. By strategically placing your entry, take profit, and stop loss levels, you can maximize your potential returns while minimizing risks. Stay ahead of the curve and make informed decisions in the dynamic XAUUSD market.
Technical Analysis:
XAUUSD technicaly retested it's orevious high with a closing bearish candle that indicates we can easily make some amazing profits here.
Key Insights:
We are trading with a very short sl and 100+ pips tp so if we make this profitable like our other trades so we can make an amaizng profit by catching rhis trade.
Whether you're a seasoned trader or just starting out, this XAUUSD opportunity shouldn't be overlooked. Don't let this chance slip away – act now and position yourself for success in the forex market!
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another fantastic day on the charts for us with our 4H chart also hitting all our targets.
Earlier this week we got our bullish target 2180 hit followed with our ema5 cross and lock above 2180 opening 2196 and 2223.
We got the 2196 twice giving us plenty of opportunities to buy dips for the targets and now heading towards the final target at 2223.
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
2180 - DONE
EMA5 CROSS AND LOCK ABOVE 2180 WILL OPEN THE FOLLOWING BULLISH TARGETS
2196 - DONE
2223
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
Whats Gold Next Target? See Our Analysis📣Hello Mates!
We have observed that since gold broke from $2200, it has been continuously declining. According to our prediction, gold may continue to decrease further, with our target set at $2150 or $2146.
If gold breaks the 2180 resistance level again, its target would be 2200 & 2213.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2180
- 2200
📉 And our support levels are set at:
- 2146
- 2135
Stay tuned for further updates and trade smartly! 📊
GoId - UPDATE - 28 - 03 - 2024"Investors are eyeing an opportunity with a target price (TP) set at 2209, coupled with a stop-loss point at 2177.500, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy is influenced by not only technical price levels but also the fundamental strength of the asset, possibly reflected in its price-to-earnings (PE) ratio. This approach reflects a blend of technical analysis and fundamental research, highlighting a comprehensive approach to trading or investing."
Unlocking Profit Potential XAU/USD Buy Trade AnalysisHey Nathima fams!
I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising:
Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold.
Buy Opportunity: Considering this bullish trend, I'm highly confident in a buy opportunity on gold.
Target Range: I'm aiming for a target range of 2183 to 2208. This range aligns with both technical indicators and market sentiment, increasing the probability of a successful trade.
Profit Potential: With this trade, there's a fantastic opportunity to make substantial profits. By leveraging the current market conditions and strategic entry points, we can maximize our gains.
Let's capitalize on this opportunity together and turn it into a profitable venture! If you're ready to join me in this trade, let's make it happen and celebrate our success as a team. Here's to winning trades and amazing profits!