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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 2330 Goldturn resistance and 2312 support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We have 2323 bullish target before an attempt of the challenge of 2330, which will then need an ema5 lock to confirm the range above. We also have 2312 Goldturn weighted support below that will need ema5 lock to open the range below into 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 2323 2330 EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET 2339 POTENTIALLY 2349 BEARISH TARGETS 2312 EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 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
OANDA:XAUUSD
by Goldviewfx
17
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. The sell off Friday shifted two range and therefore opened a bigger range for corrections and tests. We have the weighted level above at 2346 holding this range with 2325 and 2337 on the way that will need re-tests to confirm a benchmark correction. We also have 2313 weighted Goldturn level holding support on this range and will need ema5 lock to 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 2325 2337 2346 EMA5 CROSS AND LOCK ABOVE 2346 WILL OPEN THE FOLLOWING BULLISH TARGET 2360 EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET 2376 BEARISH TARGETS 2313 EMA5 CROSS AND LOCK BELOW 2313 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2290 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
OANDA:XAUUSD
by Goldviewfx
7
GOLD DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure. Last week we stated that 2309 support gave the rejection and the perfect bounce heading towards the 2355 open gap. - This gap was completing perfectly as analysed. No ema5 lock above this level and therefore a rejection here for the drop. We will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range. 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our mid to longer term weekly chart idea. Last week we advised that although we saw price break out of the channel, ema5 had created the true channel top resistance and that we also have support at 2310 Goldturn above the channel half line. We also advised that although we have a close below 2310, ema5 remains above 2310 providing the support for a bounce heading towards 2356 for a test. - This test was completed with a 2356 clean HIT!!!! 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
OANDA:XAUUSD
by Goldviewfx
4
ALICE — Bearish MACD Crossover + Bear FlagALICE has flashed a bearish MACD crossover on the hourly chart. Based on backtests, the signal is highly reliable for achieving 2% gains. However, when looking at the chart, ALICE is trading in a bear flag. Therefore, if we see a break of the lower boundary, the price could go much lower since the next resistance is at ~1.05. Therefore, it might be good to wait for a break to the downside before entering a trade. Nevertheless, all signs signal more downside potential. Let me know your thoughts.
Short
by ben_walther
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, What a chart blowing week we had with our 1H chart idea playing out to true perfection. This chart idea was shared on Sunday for this week and delivered the goods. We started the week with our retracement range challenged. No lock below the retracement range gave us the bounce clearing 2332 target. This followed with a cross and lock confirmation opening 2343 and 2349. 2343 and 2349 both were hit completing our next set of Bullish targets. We were then left with 2349 lock opening the last target of the range at 2367 precision TP. - This target was hit today completing the week with a FULL HOUSE!!!!! for a perfect finish before the big sell off- BOOOOOM!!! EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET 2343 - DONE 2349 - DONE EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET 2367 - DONE BEARISH TARGETS 2322 - DONE EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2312 - DONE As always, we will now come back Sunday with our multi time frame analysis, Gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a smashing weekend all!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
GOLD - if trade in range then expected range. #GOLD.. we guys market perfect move as per our video analysis. and now we have 2 areas and if market will trade in range then that is your range. upside we have 2365 66 in hourly chart and downside we have 2358 in hourly chart as well. no doubt flash services and flash manufacturing PMI data on table but if market will trade in range then these areas is your range area.. until market closed either side. good luck trade wisely
FX:XAUUSD
by AdilHussain731333
Technical Analysis and Trading Plan for Velas (VLX) Technical Analysis Velas (VLX) is currently in a descending channel. This pattern suggests a bearish trend in the short term, but there is potential for a bullish reversal if certain conditions are met. Descending Channel: The price is moving within a downward sloping channel, characterized by lower highs and lower lows. This pattern indicates ongoing selling pressure. Bullish Divergence: The VMC Cipher B indicator shows a series of bullish divergences, where the price is making lower lows, but the indicator is making higher lows. This often precedes a trend reversal. RSI and Stochastic Oscillator: Both the RSI and the Stochastic Oscillator are in oversold territory, suggesting that the selling pressure may be exhausted and a rebound could be imminent. Moreover, the Solana-Velas bridge is part of a broader initiative to improve cross-chain interoperability. This will allow assets to move freely between the two ecosystems, enhancing liquidity and usability across platforms​. Trading Plan for Spot Trading Given the technical indicators and recent news, here is a potential trading plan for Velas (VLX): Entry Point: Look for a breakout above the upper boundary of the descending channel with a confirmed bullish divergence. An ideal entry would be around $0.0098 - $0.0100, once the price shows signs of stabilization and reversal. Take Profit: Target the next significant resistance levels. A reasonable first target would be around $0.0120, with a secondary target at $0.0150 if the bullish momentum continues. Monitoring News Keep an eye on updates regarding the Solana-Velas bridge deployment. Positive developments or official announcements about the bridge going live could serve as strong catalysts for upward price movement. Regularly check news outlets and the official Velas and Solana channels for the latest information. By following this technical analysis and trading plan, you can strategically position yourself to capitalize on potential bullish movements in Velas while managing your risks effectively.
CRYPTO:VLXUSDLong
by elfabiiani
GOLD(06/20) Short-term uptrend has appearedThe US Dollar (USD) has paused its decline, supported by a risk-averse market environment and a slight increase in US Treasury yields. People's Bank of China (PBOC) keeps Interest unchanged prime lending rate, raising concerns about the lack of policy support to promote economic growth. Markets are also nervous, awaiting more clarity on the state of the US economy from Thursday's Weekly Jobless Claims and Friday's preliminary business PMI report, which should help traders. Trading evaluates the timing of interest rate cuts by the US Federal Reserve (Fed) in the second half of this year. If US Housing and Jobless Claims data disappoint and add to renewed dovish bets by the Fed, boosted by weaker-than-expected US Retail Sales data, the Dollar The US dollar could see a renewed selling pressure, creating further basis for Gold price momentum. After breaking out 2340, gold retreated to the support zone 2333. This is an important support zone and enough to push gold back up to 2340 before the US economic data released today. Gold has formed a clearer uptrend after sideways from the beginning of the week until today. Support: 2332 - 2325 - 2315 - 2305 - 2300 - 2291 - 2286 Resistance: 2340 - 2344 - 2350 - 2355 SELL price range 2353- 2355 stoploss 2359 BUY price range 2310-2312 stoploss 2307
OANDA:XAUUSD
by TVS-Trader
EURUSD analysis week 27📌EUR/USD continued to slide to Friday's lows, falling to 1.0670 before recovering to 1.0700 during the US market session. Political pressure is weighing on the Euro after a major change in European voter sentiment. 📌On the US side, increasingly negative data is raising concerns about a possible recession, fueled by the results of the University of Michigan (UoM) consumer sentiment survey. worse than expected. 📌The currency pair is trading far away from the EMA 34 and EMA 89, showing that there has been instability in the pair over the past week. The downtrend is clearly established as the key support zone of 1,073 was broken and created a bearish Dow pattern. The pair's narrow trading range was formed at 1,070 and 1,076. When the market fluctuates strongly due to news of important resistance and support areas next week, investors can pay attention to the port areas of 1,061 and 1,080. Trading signals BUY EURUSD zone 1.06200-1.06000 SL 1.065800 SELL EURUSD zone 1.08000-1.08200 SL 1.08400 Support: 1.062 - 1.070 Resistance: 1.076 - 1.080
by TVS-Trader
Gold analysis week 27The gold market maintained a steady recovery ahead of the weekend, but the overall trend remains unclear as US consumer confidence continues to decline and inflation expectations remain high. The new divergence between the Fed's interest rate forecast and market expectations could bring some volatility to the gold market in the short term. China is the main driving force behind the increase in gold prices over the past year, and China's gold purchases have only been assessed as temporary and there has not been any move to show that they have "stopped". could also be a move to avoid paying a record high purchase price. The market will get some preliminary and regional manufacturing data as well as some US housing data next week. Gold has recovered from the support level of 2,305 - 2,300 USD but in general the recovery momentum is still limited and the downtrend has not been broken yet. The recovery momentum of gold price is limited by the confluence area of ​​technical point 2,340 in the trendline area which is also the nearest peak, followed by resistance level 2355 where gold breaks the bullish structure, As long as gold remains below the 34 EMA and 89 EMA, the technical outlook for gold prices remains bearish, while if gold breaks below $2,324 it will have room for more downside with the following target level. That's around $2,305 - $2,300 in the short term. A new bearish cycle is expected to open once gold breaks below the original price of $2,300, and the target level is then 2286 and then 2270. Support: 2,324 – 2,305 – 2,300 - 2286 Resistance: 2,340 – 2,355
OANDA:XAUUSD
by TVS-Trader
1
British pound increased higher after inflation decreasedThe British pound (GBP) edged higher above the 1.2700 round resistance level on Wednesday after the Office for National Statistics (ONS) of the United Kingdom (UK) showed that price pressures had eased as expected in May. 5. UK annual inflation returned to the central bank's 2% target for the first time in more than three years from April's 2.3%. During the same period, the core Consumer Price Index (CPI), which excludes volatile food and energy prices, fell to 3.5% from 3.9% previously. Monthly headline inflation rose steadily 0.3% but was below estimates of 0.4%. The report also showed that the annual Producer Price Index (PPI) for Core Output rose a significant 1.0% in May, compared with a 0.3% increase a month earlier. Despite the annual CPI falling to 2%, Bank of England (BoE) policymakers may not be comfortable with discussions of cutting interest rates soon because of epidemic inflation. The annual crop has barely slowed down. Inflation in the services sector increased by 5.9%, slightly lower than the previously announced 6.0%, but nearly double the level needed to contain price pressures. The next trigger for the Pound will be the BoE's monetary policy decision, to be announced on Thursday. The BoE is widely expected to keep interest rates unchanged at 5.25%. Therefore, investors will focus on vote division and new signals on when the BoE will start cutting interest rates. Resistance: 1.275 Support: 1.266
by TVS-Trader
Gold prices attract some sellers as Fed-inspired USD strengthGold prices encountered new supply in the early hours of trading in Europe and faded Friday's positive move after the surprise of the Federal Reserve's (Fed) hawkish stance. The possibility of the Fed implementing two interest rate cuts in 2024 is still being considered amid signs of easing inflationary pressures in the US. Additionally, persistent geopolitical tensions in the Middle East, coupled with political instability in Europe, will help limit losses in the safe-haven metal. From a technical perspective, traders need to wait for gold's sustained breakout below the $2,300 mark before placing strong bearish bets on gold. Therefore, it would be wise to wait for some further selling below the $2,285 horizontal support to be sure gold's position is truly bearish. The commodity could then accelerate its decline to the next relevant support near the $2,254-2,253 area. The downward trajectory could extend further towards the $2,225-$2,220 area en route to the $2,200 round figure. On the contrary, gold regained strength when it returned to trading above 2325. Next is the $2,340 supply zone where gold has not been able to break out of the border for 2 weeks, which, if cleared decisively, could push pushed some recoveries above the 2355 trendline above. when the trendline broke the notable peak area of ​​2385 on the way to the 2,400 USD mark. Support: 2312 - 2300 - 2291 - 2286 - 2280- 2274 Resistance: 2325 - 2340 - 2350 SELL price range 2340 - 2342 stoploss 2346 BUY price range 2303 - 2301 stoploss 2298
OANDA:XAUUSD
by TVS-Trader
Gold sideways waits for important economic dataGold price cannot break the 2325 resistance level to form a short-term uptrend. Gold retreated to levels near 2310 as the US dollar tried to recover even as US Treasury yields eased again. The release of US retail sales data on Tuesday, weekly jobless claims on Thursday and a flash purchasing managers' index on Friday could provide clarity. in terms of consumption and economic strength. In the last two weeks, the wide range that gold is trading at is still 2340 and 2300. The lower levels of 2308 and 2325 are still keeping gold prices stable from yesterday's European session to today. In general, gold still moves sideways until the latest data from the US economy is released. Support: 2308 - 2300 - 2291 - 2286 Resistance: 2330 - 2340 - 2350 SELL zone 2338-2340 stoploss 2343 BUY zone 2308 - 2306 stoploss 2303
OANDA:XAUUSD
by TVS-Trader