Updated

XAUUSD, WEEKLY CHART... here's how it looks.

I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift.

1950 (completed support line) would be the key price point for that level.
Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level.

TAYOR.
Safeguard capital always.

Trade active

GOLD re-attempts... let's see.

Trade active

TRIVIA: BASED ON TRI MONTHLY CHART HISTORY -- ANY BREAK OF PREVIOUS PEAK PROCEEDED WITH NEW HIGHS AND PEAKS -- 95% OF THE TIME.

Trade active

MICRO VIEW: 4H DATA - back at the base range. Gold keeps fighting for this support level.

Trade active

MACRO VIEW: WEEKLY DATA:

Fresh signs are up: White light candle + bubble up volume (bottom indicator) finally appeared after 3 months of waiting.

Trade active

4H update:

GOLD ascend continuation is in order.

UPSIDE in tact.

Trade active

Daily data update:

Gold is skipping that major descending trend line support after a few weeks of aligning itself on it. An attempt to ascend 'significantly' is in order.

Trade active

Weekly data update:

Weekly shift spotted -- this 'maybe' a huge hint already in terms of price possibilities.

Trade active

MICRO UPDATE (1h)

GOLD is currently consolidating / ranging at the 1910-1920 range inside the darvas box. A break of this, will mean a strong momentum upside.

TAYOR

Trade active

Weekly data update:

GOLD is about to touch descending trendline -- a break would mean a strong upside momentum.

TAYOR.

Note

Trade active

DAILY SHIFT ALERT.

Based on recent price metrics, Gold is aiming to revisit 1980 levels.

Spotted at 1925

TAYOR.

Trade active

Ascend continuation:

Trade active

Price line shift has surfaced based on daily data.

TAYOR.

Trade active

Buyers are back, a re-attempt to 1900 likely.

TAYOR.

Trade active

Fresh attempt on 1H, altho daily is experiencing resistance.
Let's see if it can muster strength to squeeze more upside juice.

Spotted at 1970.

TAYOR.

Trade active

Welcome 2k.

Congrats holders. :)

Trade active

Fresh attempt from daily data:

Trade active

Monthly data:

GOLD registered huge net monthly volume shift after 6 months as seen on the chart.

Looks we are going to enter a new era soon, the 2k era.

TAYOR.

Trade active

Daily data update:

We're about to enter the GOLDEN 2K ERA soon.

Trade active

GOLD doing the ascending waves consistently.

Trade active

Price Playing out as planned.

Trade active

4h data update:

GOLD preppin for another round.

Trade active

Moved as planned.

Congrats holders.

Trade active

RESET DAY. Swing opportunity.

If you missed the 2150 run, then GOLD is flashing another opportunity play.

Trade active

A good descend will always be followed a GREAT ASCEND (with possible breakout) as shown on this chart.

Trade active

The prospect of a revisit of 2150 ATH is very very high.

TAYOR

Trade active

RESET.

Trade active

Let's proceed further UP.

Trade active

Possible scenario play for GOLD.

Trade active

THE STAGES of GOLD.

Repeat-Rise plays.

Trade active

1h data update: a shifting baseline has been spotted.

Note

an upside attempt will be expected from the current price range.

Trade active

More rise ahead for GOLD.

Daily shift. Bulls are taking over now.

Trade active

GOLD is coming for that heat zone area, a strong break would mean a strong upside momentum.

TAYOR.

Trade active

GOLD doing the "W second leg" formation (with touch base). A pre-surge movement.

TAYOR.

Trade active

new attempt / new base.

Trade active

So far so good from our last update.

For next week, based on 1h data, GOLD is looking to continue its upward trajectory.

Trade active

fresh attempt on 3h.

Trade active

short squeeze is ripe on this.

Trade active

Daily data update.

THE KISS.

Trade active

4h data update:

The Stages: Higher low base.

TAYOR.

Trade active

5h data update:

We got a Breakout. Will target 2060 now with a possible attempt to break, if successful it will aim for 2100 ++ levels.

tvc-invdn-com.investing.com/data/tvc_4e6974895307d404dbb533f8b0e3ba75.png

Trade active

GOLD is preppin for an exponential rise soon.

It is now hovering near the horizontal ATH zone, heatzone area.

A break off it would mean massive momentum and rise.

TAYOR.

Trade active

As expected. So much strength.
Congrats holders. :)

Trade active

We are ranging still near ATH. Congrats holders.

ON the daily another brewing bulls' attempt is in order.

TAYOR.

Trade active

1-2 PUNCH ALERT is UP NOW.

An upside attempt may happen soon.

TAYOR.

Trade active

THE BULLS are STRONG, and upside continuation is in order.

Next target is 2600 from the current range 2300.

TAYOR.

Trade active

4H DATA UPDATE:

WE GOT A BREAKOUT ANEW!

This is preppin for a revisit to previous peak at 2400 -- with a possible breakout of it.

TAYOR.

Trade active

Moving based on expectation.
Congrats holders.

Trade active

This is eyeing 2400 based on recent price metrics.

Spotted at 2300.

Trade active

We almost hit our target at 2400 by touching 2397.

Congrats to those who was able to ride it from 2300 from May 14.

Looking for a reset setup now.

TAYOR.

Trade active

Back to 2400++ .

Congrats holders.

Trade active

Don't ever think this is overbought.

2500 is pretty much a set target now, and more rise to go beyond it -- based on term data.

TAYOR.

Trade active

Are you guys ready for 2.5k?

You should be ready coz
GOLD IS READY.

TAYOR.

Trade active

The play to 2500 still active. Nothings changed, despite the micro trimdown.

Trade active

This is preppin for a bounce to prevous peak soon.

TAYOR.

Trade active

This is 2500 bound.

Certainty meter is high on this one.

HOLD.

Trade active

This is playing out well from our last update on May 24th.

Eyeing 2500 now. Certainty meter is high on this one.

Trade active

Breakout. Eyeing 2400 levels soon.

Trade active

DAILY DATA UPDATE:

HISTOGRAM just registered it's first "bear detachment signal" again after a few days.
A pre-surge hint of an impending price growth.

Trade active

another diagram for reference.

GOLD is doing horizontal range now. Seems it found its strong base already.

tvc-invdn-com.investing.com/data/tvc_250b91fee96c39faeca35a8b9abe04d1.png

Trade active

moving based on expection.

Trade active

Eyeing 2500 now from the current range.

Trade active

Looking very good now.

Trade active

NEW DARVAS BOX SETUP.
Once price pokes and breaks the upper edge of the box, new skies ahead target 2800.

TAYOR.

tvc-invdn-com.investing.com/data/tvc_7055bf335ca9aa2ef0f0309c6b0b1540.png

Note

GOLD is showing some intraday opportunity at the current levels.

Trade active

Daily data update:

GOLD is forming a new "W" bull formation - and we're at the last leg already.

This may target 2600-2700 levels soon.

Trade active

GOLD has consistently created higher lows on our 4h data.
A short squeeze maybe in order, anytime now.

Spotted at 2300

Trade active

Weekly data metrics update:

GOLD strength persists. Looking to ascend further up.

Trade active

First histogram shift in 5 weeks has been registered today.

Expect more price growth ahead this week.

tvc-invdn-com.investing.com/data/tvc_ca6283e2562df8f5641e9319c0b48f12.png

Spotted at 2300

Trade active

REITERATION: STRONG BUY.
We are shifting big time on long term data metrics.

Originally spotted at 2300.

TAYOR.

Trade active

GOLD's favorite long move is now active. This signal never misses since 1900 area.

tvc-invdn-com.investing.com/data/tvc_4160d62ac4b318f905084b4fd5f3d43b.png

Trade active

Weekly data metrics update:

Our last assessment was spot on and on time before that big surge.
It moved based on expectation.

The weekly close is so strong that it has already seal the deal on its' next ascend journey. Preppin for another round now.

Trade active

Daily data update:

GOLD getting ready to tap 2450 soon from the current range of 2360.

Trade active

Long term data update:

GOLD will be unstoppable based on the recent long term COT CME data.
This may last for a few years -- and gold will continue to shine.

Recent bend was last year, after 2001, then 2015. It doesn't come often but when it does, it will rise exponentially.

CURRENT PRICE AT: 2400.

TAYOR.

Trade active

We may see some hibernation movement for GOLD in the next few days based on the current price point. It is now under a curve-down line -- hinting of a weighty gravity on price. An ideal and healthy move would be a re-tap of 2300 level before attempting another ascend to 2500.

TAYOR.

Trade active

Based on recent price movements -- there is also a probability of continued strength based on the latest price action behavior. ATH re-test by next week can't be disregarded.

shorturl.at/6Qh4M

Trade active

Daily data update:

This is curving up -- moving closer to the heatzone / breakout area.

Looks like a good short squeeze is about to transpire very soon.

TAYOR.

Trade active

This maybe what will GOLD do next.. deceiving everyone with that overbought signal.

tvc-invdn-com.investing.com/data/tvc_14c4a9cf20ccfe7b511add36cc3ad3e9.png

remember not financial advice. It's just one possibility -- it could go either way.

TAYOR.

Trade active

Looks like GOLD is getting ready for another new ATH number soon based on recent behavior -- doing its favorite formation.

TAYOR.

Trade active

GOLD is doing another 6-month triangle range based on latest daily data metrics.

Last time it did this was on Oct. 2023, and it lasted till March 2024 before the strong short squeeze to 500 surge.

And 6 months after, it's doing another precise 6 month triangle range -- and it's close to concluding. Is another 500 pip surge incoming?

Let see.

Spotted at 2490.

TAYOR.

Note

typo*

...before the +500 pip surge...

Trade active

GOLD will be transitioning on the the curve-up channel soon.

Trade active

I'm still firm on that 2600 tap soon, a new ATH.

Trade active

Long term data: weekly looks even better.

Trade active

Daily data update:

THE HOP signal has surfaced.

skipping trendline tap.

hinting of a firm intention
to break.

tvc-invdn-com.investing.com/data/tvc_de0c9c769d9899cf09e3bef0599e0ca9.png

Trade active

intraday update:

Gold is persistent on a new ATH.

Trade active

GOLD trade aged well after 7 hours.

Here's our post breakout in reference with the image above.

Trade active

Congrats holders, we surged 500 pips.

as expected. -)

Trade active

I'm reviewing some big index confluences on GOLD..
Things are scary -- in a positive way pricewise.

3k is nothing for GOLD in the next few years.

Here's why.

Looking at NUGT index chart: This is an GOLD MINERS INDEX 2x chart.

Price about to make history.
Once the blue column zone gets overlap by the yellow, exponential price explosion will follow. It will be the first time in its index listing that it will happen since June 2009.

Note

This will reflect weightily on GOLD's price. This will be massive and that's an understatement.

Trade active

Our spot from 3 days ago aged very well.

We're now at 2580 levels. Crazy gains. Congrats holders.

And GOLD won't stop there. Based on latest price movements, this is aiming for more.

TAYOR.

Trade active

GOLD after that massive surge is creating another accumulation zone at the post ath higher base area.

Prepare for another strong run-up soon to 2650 area.

TAYOR.

Spotted at 2550

Trade active

GLOBAL Liquidity is surging... more cash inflows will be distributed to sub assets like gold, crypto, etc..

TAYOR.

Trade active

The current behavior looks familiar...like it did from aug 24 to sept. 12.
It looks like GOLD is aiming for a new series of rise en route to 2800.

TAYOR.

Trade active

that's for next week trade plan.

Trade active

Another setup play today.

Spotted at 2600.
Interim target at 2700.

Trade active

Congrats holders.

Our spot from 2 days ago aged well.

Here's our predictive blueprint for next week: October 14-18 2024.

TAYOR / Not financial advice.
Safeguard your funds always.

Trade active

Congrats holders another new ATH high.

Expect more rise ahead.

Trade active

This is 3k bound, and its certain.

STRONG BUY / HOLD.

GOLD is preppin to continue a strong ascend soon from this higher bargain base.

Keep piling up. Rewards will be great.

Spotted at 2735

TAYOR.

Trade active

Trade closed: target reached

Note

GOLD is resetting again for an upside reversal from the current range.
Interim target set at 3k.

Spotted at 2550

Note

Keep holding.

GOLD is basing at this current price range on the next series of ascend en route to 3k and beyond.

Spotted at 2600.

Note

We're starting on a good note this 2025. We've risen quite a bit from pre new year price.

Here is our 6 month projection for the year.

Note

3.2k mid target.

Note

GOLD fractal blueprint for this week.

intra 15 m. data metrics.

Note

Congrats holders.

Gold has risen again as expected -- aligning with expectation.

2025 is starting on a good note so far.

More rise to go.

TAYOR.

JSAL

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

JSAL