GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
After tracking and trading our last weekly chart idea successfully over the last few months, we have decided to now update the chart with new levels and re-align the ascending channel.
Although we saw price break out of this channel ema5 has created the true channel top resistance here. Price is now heading towards the channel half line and found support above 2310 Goldturn. Although we have a close below 2310, ema5 remains above 2310 providing the support with a bounce heading towards 2356 for a test.
The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
The levels within the channel will provide the bounces inline with our plans to buy dips in true level to level fashion using our smaller time-frames. Buying dips allows us to safely manage any swings instead of 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
Tradingideas
INJ we've probably seen the bottomWe are currently looking at futures trade with members on certain coins, as well as dca zones. INJ has covered the weekly and monthly levels behind it at the price of $24. We waited for the news to see how buyers would react. Now that we have confirmation, we get the courage to go long on this coin.
In this case, INJ must hold $28 until the 200 DMA is at $31. If in this case we see a consolidation and not a big sale, my advice is to go long this coin at the bottom of that consolidation.
For example, catch up to $27 and put a stop loss below just in case
GOLD ROUTE MAP UPDATEHey Everyone,
Once again another great day on the chart today with our gap above giving us the confidence to buy dips form our Goldturns, as suggested yesterday.
2296 Goldturn gave us the bounce, as planned completing 2309 and 2326 inline with our plans to buy dips and now with protected profits heading for the gap. We are happy with the catch and now closing the week.
As always, we will now come back Sunday with our multi time-frame 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 great weekend with family and loved ones!!
Mr Gold
GoldViewFX
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GOLD ROUTE MAP UPDATEHey Everyone,
After completing our target at 2326 yesterday, we have a gap left open at 2349. We got a nice run of over 150 pips but not the full gap. As always we only buy from dips so our exits have been nice, safe and early.
We also highlighted that any rejection before the target, we will be looking for support above 2309 for the bounce. This played out perfectly with a bounce form 2309 all the way into 2326 for the perfect Goldturn touch.
Our plan is to continue to buy dips above the retracement range using our weighted Goldturns until we see any break and lock below the retracement 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
2296 - DONE
2309 - DONE
EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET
2326 - DONE
BEARISH TARGETS
2286
EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE
2274 - 2259
EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE
2274 - 2259
SWING RANGE
2240 - 2219
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 - Pin bar bullishA bullish pin bar has formed on the gold chart, suggesting a potential rise in gold prices. If the price breaks above the 2325 resistance level, this would confirm the bullish trend. It is advisable to set a stop-loss in the 2310-2305 range to manage risk in case of a breakout.
GOLD ROUTE MAP UPDATEHey Everyone,
2326 HIT - BOOOOOM!!!
Yesterday after completing 2296 and 2306 we confirmed a cross and lock opening gap to 2326 Goldturn. This target was hit today as called out yesterday.
We are now seeing ema5 cross and lock above 2326 opening 2349. We have FOMC today so taking caution and any rejection before the target will be looking for support above 2309 to re-attempt the open gap above or a break below 2309 will open the range below 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
2296 - DONE
2309 - DONE
EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET
2326 - DONE
BEARISH TARGETS
2286
EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE
2274 - 2259
EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE
2274 - 2259
SWING RANGE
2240 - 2219
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 1H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our 1H chart also playing out perfectly inline with our plans to buy dips.
2296 and 2309 both bullish targets now complete on this chart. We now also have a cross and lock opening gap to 2326 Goldturn. We got a nice movement upto 2320 over 100 pips from the 2309 level before another drop leaving the gap 2326 still open. We are now looking for support above 2296 - 2286 to re-attempt the open gap above.
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
2296 - DONE
2309 - DONE
EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET
2326
BEARISH TARGETS
2286
EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE
2274 - 2259
EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE
2274 - 2259
SWING RANGE
2240 - 2219
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 UPDATEHey Everyone,
Great start to the week with a perfect continuation of our 4H chart idea that we have been tracking.
Last update price was testing the swing range and we were expecting a reaction in this range.
- This played out perfectly with the perfect swing action straight into 2313 completing the gap and swing.
We will now wait for ema5 to lock above 2313 for a continuation into the range above or a rejection here will see the full swing range tested.
We also need keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial level of support test as a break below this level can open a deeper correction 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.
SWING RANGE
2290 TO 2313 - 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
The consumer price index (CPI) will show us the direction of XAUannouncement on monetary policy of the US Federal Reserve (Fed)
The world gold market last week continuously received important data, causing prices to continuously reverse. Notably, on the last trading day of the week, the market suffered two shocks that caused prices to continuously "plunge". In just 1 day, gold lost more than 3.5%, marking the largest intraday sell-off since 2020. In the current context, most analysts believe that gold prices may test support level of 2,200 USD/ounce.
Although recent jobs data will likely push gold prices lower in the short term, some are optimistic that the precious metal could find momentum next week as global concerns increase. Investment will turn to inflation data along with developments at the Federal Open Market Committee (FOMC) monetary policy meeting.
Fed is the sustainability of current interest ratesIn his very last feedback earlier than the week of again-to-again Fed officers talking in advance of today`s meeting, Powell stated he predicted inflation to fall again on a month-to-month foundation to decrease ranges visible withinside the 2nd 1/2 of of the year.
It's a first rate shift in messaging, in step with Ellen Zentner, leader US economist at Morgan Stanley. Fed officers frequently communicate approximately monitoring hobby prices over 12 months. Immediate intake goals had been additionally set at 2% annually.
Economists realize that the once a year inflation charge might not make a good deal development this year. Because the amount of products at some point of the month will should be as compared with the amount of merchandise allotted withinside the 2nd 1/2 of of the year. So the once a year charge might not fall a good deal even though the month-to-month facts improves.
Zentner stated Powell become signaling that the Fed could consider "sequential" improvements.
Meyer stated this. “The Fed will need to peer that six-month prices are decrease than 12-month prices and three-month prices are decrease than six-month prices,” he stated in a note.
Fed won't move interest rates this weekA flow subsequent week is off the desk due to the fact Fed officers have pressured the want to be affected person because the decline in inflation has proven a loss of development over the primary sector of the year, stated Ian Pollick, head of constant earnings method at CIBC Capital Markets.
Economists typically agree that the sturdy May task report, launched on Friday, regarded to close the door on any price reduce in on the July meeting.
Fed Chairman Jerome Powell is predicted to copy that the Fed isn't anyt any toward gaining self assurance that inflation is transferring again to target, Pollick stated.
The Fed has saved its benchmark hobby charges at 5.25%-5.5% given that closing July. Powell is predicted to paste to the message that this price is setting sufficient downward strain on inflation to sluggish demand, however wishes to be held "tighter for longer" to chill inflation.
That manner the amazing reduce may want to occur at one of the closing 3 FOMC conferences of the year - September, November or December - or now no longer till 2025.
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 play between two weighted levels 2309 resistance with a open gap before that at 2296 and 2286 Goldturn support. We will need to see a test and lock on either levels to open the next range.
We will need to see ema5 lock above 2309 to open the range above or a rejection before this will follow to find support at the retracement range. A cross and lock below 2286 will open the confirm the retracement range and a further cross and lock below the retracement range 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
2296
2309
EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET
2326
BEARISH TARGETS
2286
EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE
2274 - 2259
EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE
2274 - 2259
SWING RANGE
2240 - 2219
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 PLAN FOR THE WEEKHey Everyone,
Please see our 4h chart idea that we tracked last week. We have not done a fresh idea for the 4H chart this week, as this one is still tracking well and testing crucial levels of the structure currently. We want to see this idea play out for at least the beginning of the week and then we can do a mid week update with a fresh one.
After completing all our Bullish targets there was a gap left above before the drop completing all the bearish levels and now currently testing the swing range.
We are expecting a reaction in this range 2290 - 2275 and would like to see opportunities of bounces here.
However, we need to keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial test as a break below this level can open a deeper correction 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.
SWING RANGE
2290 - 2275
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 RANGE ROUTE MAPHey Everyone,
Please see our updated daily chart structure.
Currently we are seeing price test support at 2309 with a candle break below opening gap to 2259 but we will need to see ema5 lock below 2309 to further confirm this gap otherwise a failure to lock below will follow with a reactional bounce here to 2355
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
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
GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAPHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.
So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.
CURRENT UPDATE
We are now seeing price break back in the channel with ema5 opening the 2265, as a potential correctional area also inline with the channel half line. We need to keep this in mind when buying dips and managing risk and range to handle swings.
The levels within the channel will provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames.
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
GOLD ROUTE MAP UPDATEHey Everyone,
A great week tracking the entire move up completing all our targets, which followed with the rejection today with a massive tank below 2390 Goldturn all the way down into the retracement range completing this full setup.
EMA5 is now testing this level and will need a cross and lock below 2310 to open the swing range or failing that a support bounce here.
Our monthly chart correctional detachment is now finally coming into play. A full attachment is not needed, as it can attach on the move up with magnetisation.
Due to NFP the majority of the day was just an observation day for us, as we already secured a great week, yet we were still able to scalp using our levels.
BULLISH TARGETS
2331 - DONE
EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS
2345 - DONE
2359 - DONE
EMA5 CROSS AND LOCK ABOVE 2359 WILL OPEN THE FOLLOWING BULLISH TARGETS
2364 - DONE
POTENTIALLY 2390
BEARISH TARGETS
2310 - DONE
EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE
SWING RANGE
2285 - 2274
As always we will now come back Sunday with our multi time-frame 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 great weekend all!!
Mr Gold
GoldViewFX
Gold remains a safe havenGold-subsidized ETFs and comparable merchandise make up a giant part of the gold market, with institutional and character traders the use of them to enforce plenty of their funding strategies. Flows in ETFs regularly spotlight short- and long-time period perspectives in addition to the preference to preserve gold. The information in this web page tracks gold held in bodily shape with the aid of using open-cease ETFs and different merchandise including closed-cease price range and mutual price range. Most of the price range in this listing are subsidized totally with the aid of using bodily gold.
Physically subsidized gold ETFs 1 noticed their first month-to-month inflows seeing that May closing year, amounting to $529 million 2 . Rising gold prices (+2%) and capital inflows driven gold ETF property beneathneath management (AUM) 2% better to $234 billion, the very best seeing that April 2022. And with gold ETF call for advanced in May, typical holdings extended once more to 3,088. t, however still -8.2% decrease than the 2023 average (3,363 tons).
European and Asian price range have fueled worldwide capital flows. While May marked Asia`s fifteenth consecutive month-to-month capital influx, Europe recorded its first fantastic capital influx seeing that May closing year. Meanwhile, capital flows in North America grew to become negative, albeit handiest slightly.
Gold soared on hopes of interest rate cutsAn develop above the 2,364-rate stage additionally triggers a weekly bullish reversal from closing week`s incredibly slim variety week, if it occurs earlier than the quit of the week. So some distance this week, gold is displaying symptoms and symptoms of strengthening at the weekly chart. If it continues strength, it's going to near the week withinside the inexperienced with a bullish weekly setup. Maintaining aid across the 50-Day MA goes to shop the fashion in gold. The red 20-Day MA described dynamic resistance of the upswing from the February 29 bullish breakout, even as the brand new develop can also additionally use the 50-Day line as dynamic fashion aid.
A breakout above closing week`s excessive does now no longer suggest that gold begins offevolved going immediately up again. Although it could do that, the much more likely situation following the latest 23.5% rally, is similarly consolidation close to the latest highs. Another crucial rate stage at the manner up might be 2,431, a previous document excessive from April 12. Resistance can be visible there again, however there may be additionally a very good threat that the rate of gold breaks out via the rate sector because it heads higher.
For a examine all of today`s financial events, take a look at out our financial calendar.
💵 TVC:GOLD SELL 2371-2373💵
✔️ TP 2360
✔️ TP2 2350
❌ SL 2379
💵 TVC:GOLD BUY 2353 - 2355💵
✔️ TP 2360
✔️ TP2 2370
❌ SL 2347
Gold creates a strong decreasing patternGold stays in a good consolidation sample because it has for the beyond 9 days. The excessive of the variety is at 2,364 (C), additionally a weekly excessive, and the low is 2,315. On Wednesday gold superior to a three-day excessive of 2,357, over again checking out resistance on the 20-Day MA. At the time of this writing gold is on the right track to shut at its maximum each day ultimate fee in six days. An increase above 2,360 will offer an in advance bullish sign than a upward thrust above 2,364.
The 50-day MA has represented a place of assist during the last week. If this week`s low of 2,315 fails to maintain assist, gold will goal to retest the current swing low of 2,277. A wreck beneath that stage could goal the preceding breakout degrees at 2,212 and 2,195. The meantime goal is 2,239, that is the final touch of the downward ABCD sample. That goal is a capability pivot in which assist will be seen. Downside prolonged ABCD goal at 2,205, withinside the 2,212 to 2,195 fee variety
💵 OANDA:XAUUSD SELL 2371-2373💵
✔️ TP 2360
✔️ TP2 2350
❌ SL 2379
💵 OANDA:XAUUSD BUY 2353 - 2355💵
✔️ TP 2360
✔️ TP2 2370
❌ SL 2347
GOLD CHART ROUTE MAP UPDATEHey Everyone,
A PIPTATSIC finish today starting with our 2359 target HIT!!!!! We called this target yesterday, and the day before to complete this range
This target followed with the cross and lock above 2359 opening 2374 and potentially 2390 at a stretch. 2374 was also hit today with a dip back to 2359 for support and then buying dips inline with our plans for the bounce back into our target of 2374. JUST PERFECT!!!!
We call 2390 a potential but will need an ema5 lock to further confirm this target.
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
2331 - DONE
EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS
2345 - DONE
2359 - DONE
EMA5 CROSS AND LOCK ABOVE 2359 WILL OPEN THE FOLLOWING BULLISH TARGETS
2364 - DONE
POTENTIALLY 2390
BEARISH TARGETS
2310
EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE
SWING RANGE
2285 - 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 1H CHART ROUTE MAP UPDATEHey Everyone,
A great day on the chart today, riding the entire move up after having the gap left open from yesterdays update.
Yesterday we updated that our cross and lock confirmation opened 2345 and 2359. 2345 was hit and only 2359 was left.
2331 provided the support with no lock below confirming the rejection followed with the push up, riding the move all the way up, just a few pips short of 2359.
This final target will #complete this range. We will then need a cross and lock above 2359 to open the range above or a rejection here will see a drop down to look for support at 2345 and 2331 Goldturns.
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
2331 - DONE
EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS
2345 - DONE
2359 -
BEARISH TARGETS
2310
EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE
SWING RANGE
2285 - 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