Gold Ideas April 16 ahead of Retail sales & Powell's speech🟡 XAUUSD – 16 April 2025 Trading Ideas
Timeframe: 1H (with 5m-15m confirmation)
Bias: Cautiously Bearish – Waiting for retrace or trap setup
Market Context:
Gold exploded during Asian session—currently hovering above 3280, showing early weakness
Price is extended deep into premium, with key resistance around 3290–3298
A retracement into 3,261–3,245 is likely, especially ahead of NY news
Lower timeframes showing slowdown & FVG gaps waiting to be filled
🔻 Sell Zone (Riskier Pre-News Entry)
Entry: 3288 – 3292
SL: 3300
TP1: 3270
TP2: 3250
TP3: 3240–3235
Reasoning:
Price swept 3280s liquidity
Frankfurt may fake breakout highs before NY data
Heavy imbalance and clean downside path to 3245 if structure breaks
Look for M-pattern / bearish engulfing on 5m
🔼 Buy Zone (Healthier Pullback Setup)
Entry: 3261 – 3245 (watch for reaction)
SL: Below 3230
TP1: 3280
TP2: 3292
TP3: 3300–3310 (if news aligns)
Reasoning:
Untapped demand + FVGs on 1H/5m
Clear signs of previous breakout zone
Needs bullish confirmation—no blind buys
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
Goldideas
Gold Ideas for 14th of April📊 Market Structure Overview
Trend Analysis: Price has reached premium levels, suggesting a potential for short-term pullbacks within the broader bullish trend.
Key Levels: Monitoring for breaks below 3025 to signal a shift in macro bias.
🔑 Key Technical Zones & Confluences
Premium Sell Zone: 3248–3268, characterized by unmitigated order blocks and potential liquidity traps.
Internal Demand Zone: Around 3180, aligning with trendline support and Fibonacci retracement levels.
Strong FVG & Order Block: 3137–3145, indicating a significant area of interest for potential reversals.
📝 Plan of Action
🔻 Sell Scenario 1
Entry: 3242 – 3248
Stop Loss: 3255
Take Profits: TP1: 3215 | TP2: 3188 | TP3: 3160
Rationale: Anticipating rejection from fresh M15 order block with liquidity sweep above 3242. RSI divergence noted as additional confluence; confirmation required on M5.
🔻 Sell Scenario 2
Entry: 3260 – 3268
Stop Loss: 3275
Take Profits: TP1: 3235 | TP2: 3200 | TP3: 3165
Rationale: Targeting final premium order block with unmitigated H1 zone and imbalance. Ideal for NY session traps; look for bearish engulfing patterns.
🟢 Buy Scenario 1
Entry: 3180 – 3172
Stop Loss: 3165
Take Profits: TP1: 3205 | TP2: 3230 | TP3: 3250
Rationale: Confluence of trendline and M30 order block with internal structure support. Requires bullish price action and CHoCH on M5 for confirmation.
🟢 Buy Scenario 2
Entry: 3137 – 3142
Stop Loss: 3129
Take Profits: TP1: 3180 | TP2: 3205 | TP3: 3240
Rationale: Major imbalance and H1 order block with RSI confluence. Look for bullish engulfing or aggressive CHoCH on lower time frames.
📌 Key Zones Recap
Premium Sell Zone: 3248–3268
Internal Demand Zone: 3180
Strong FVG & OB: 3137–3145
Critical Support: 3025 (break indicates macro bias shift)
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
📣 If this strategy sparked clarity, hit that like button and follow our community for more in-depth ideas. 💛
Gold Ideas April 11th - Brand new ATH 3220 & PPI✨ MARKET CONTEXT:
Gold is currently testing the 3220 supply ceiling after a massive bullish leg. Liquidity has been swept above March highs, and PA is now in a highly reactive zone. If price rejects here, we look for imbalances to be mitigated below before continuation.
🙌Wait for clear PA confirmation on all entries (5-15m structure shift, engulfing candles, liquidity grabs).
If PPI news hits hard, we might see manipulation — trade after the first 15–30 min.
Don’t overtrade. Let the levels come to you.
Goldie loves the drama. You love the sniper entries. 💅🏽🎯
🎯 Key Reversal Zones for Friday (Potential Pullback if News Hits or Profit Taking Begins):
1. 3190–3195: Minor mitigation zone for continuation longs.
2. 3183–3189: Ideal for sniper entries on a juicy dip.
3. 3170–3175: Key mid-structure retest + liquidity zone.
4. 3148–3155: Full pullback area if market turns bearish post-news.
Keep these levels on your radar, especially if Friday gets volatile. Don’t chase the hype—let price come to you.
🧵 Key Imbalance Refill Zones:
- 3195–3203: First scalp area, high confluence.
- 3178–3184: Strong impulse base.
- 3162–3169: Ideal sniper entry with bullish PA.
- 3148–3154: Big daddy support (but news sensitive!).
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
📣 If this strategy sparked clarity, hit that like button and follow our community for more in-depth ideas. 💛
Gold ideas/scenarios for Tuesday April 8th
📉 Intraday Bias: Bearish below 2980–3000 supply
🔻 SELL SCENARIOS
🟥 SETUP 2: Liquidity Spike Short
📍 Entry: 3010–3015
🧠 Why: Liquidity hunt above 3000 + bearish FVG
🎯 TP1: 2975
🎯 TP2: 2940
🛑 SL: 3019
🟥 SETUP 3: EMA Fade Shot
📍 Entry: 3035–3040
🧠 Why: EMA50 touch + trendline confluence on H1
🎯 TP1: 2990
🎯 TP2: 2950
🛑 SL: 3046
🟩 BUY SCENARIOS
🟩 SETUP 1: Discount OB Bounce
📍 Entry: 2945–2955
🧠 Why: M30 OB + FVG + golden fib (0.618)
🎯 TP1: 2990
🎯 TP2: 3030
🛑 SL: 2938
🟩 SETUP 2: Demand Retest Play
📍 Entry: 2905–2915
🧠 Why: H4 OB + prior bounce structure
🎯 TP1: 2960
🎯 TP2: 3000
🛑 SL: 2895
🟩 SETUP 3: Deep Demand Sweep
📍 Entry: 2885–2895
🧠 Why: HTF demand zone + imbalance + psych level 2900
🎯 TP1: 2950
🎯 TP2: 2980
🛑 SL: 2878
⚔️ Key Levels to Watch
🔸 2980–3000 → OB resistance
🔸 2960–2950 → Reaction zone
🔸 2915 / 2890 → Liquidity pools
🔸 3045 → Bearish bias invalidation
🔸 2880 → Final boss demand
🧠 Execution Tips
Let price come to you — snipers don’t chase.
Watch M1–M5 for CHoCH or clean PA shift.
Trade the setup, not your FOMO.
💬 Gold might throw tantrums, but your plan doesn’t have to.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
📣 If this strategy sparked clarity, hit that like button and follow.
Let’s build a community that doesn’t gamble — we execute.
No panic. No rush. Just structure, strategy, and savage entries. 💛
Gold chart - Daily ideas for April 7th🔸 Market Snapshot
📉 Gold pulled back sharply on Friday after a surprisingly strong U.S. NFP report, which added 303,000 jobs — well above forecasts. This cooled immediate expectations for aggressive Fed rate cuts and pushed Treasury yields and the dollar higher, triggering a short-term correction in gold prices.
📊 After printing a fresh all-time high at $3168 last week, this drop is seen as a technical retracement, not a trend reversal. Powell’s speech echoed a cautious stance, reiterating a data-dependent path, which leaves room for renewed upside if inflation softens or geopolitical tensions escalate.
🌍 With Middle East tensions still brewing and demand for safe havens intact, many traders now eye 3015–2975 as a key demand zone for potential reaccumulation — setting the stage for the next leg toward 3200 and beyond.
🟩 BUY SCENARIO 1
📍 Entry: 3020–3015
🧠 Confluences: Bullish M15 FVG + Trendline Support + RSI Reversal
TP1: 3086
TP2: 3130
SL: 3008 (below swing low + OB invalidation)
📌 Look for bullish M5 CHoCH or strong reaction wick for sniper entry
🟩 BUY SCENARIO 2
📍 Entry: 2975–2965
🧠 Confluences: Untapped M30 OB + Imbalance Zone + D1 Demand
TP1: 3050
TP2: 3086
SL: 2958 (below OB + psychological 2960 level)
⚠️ Only valid if 3010 breaks and flushes into this zone. Let the price come to you.
🔻 SELL SCENARIO 1
📍 Entry: 3107–3115
🧠 Confluences: M15 OB + Unmitigated FVG + CHoCH after LH
TP1: 3030
TP2: 3010
SL: 3119 (above OB + intraday wick room)
📌 Look for M1–M5 bearish confirmation or rejection wick at OB
🔻 SELL SCENARIO 2
📍 Entry: 3135–3142
🧠 Confluences: Strong OB Zone + Premium Liquidity Grab + Equal Highs
TP1: 3086
TP2: 3020
SL: 3148 (above liquidity + OB invalidation)
⚠️ Still valid if price rallies fast – bonus confluence if RSI shows divergence
📌 Key Levels Recap:
🔹 3142 – Premium OB Zone
🔹 3115 – Intraday LH Rejection
🔹 3020 – Bullish FVG + Trendline Support
🔹 2965 – Deeper Demand Zone
🔹 2958 & 3148 – Final SL Protection Areas
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
If you find the ideas contribute to your views on the market be kind to press boost🚀/like button. Your support is appreciated.
Snipper plan ideeas before NFP and Powell Speech - April 4th📌 Macro & Market Context
Gold remains in a strong HTF bullish market structure, with recent highs around $3,160 acting as a key resistance.
NFP data, Unemployment Rate and Powell's speech will add increased volatility later today.
The market is currently correcting after liquidity grab above $3,160, showing signs of distribution.
📊 Market Structure Overview (4H & 1H)
Bullish/Sell bias remains neutral, but a temporary retracement is underway.
Premium supply zones are positioned above $3,140–$3,160.
Discount demand zones are around $3,080–$3,050.
📍 Setup 1 SELL
Scenario: Bearish retest to this zone
Entry: $3,135 - $3,145 (if price returns to this zone).
Confirmation: Rejection wick + Bearish Engulfing on 15M or 5M.
Stop Loss: Above $3,153
TP1: $3,125
TP2: $3,110
TP3: $3,090
📍 Setup 2 SELL
Scenario: Wait for price to push back into 3,091–3,095 zone (M5 imbalance retest).
Entry: 3091-3095
Confirmation: Entry on rejection + BOS or CHoCH M1/M5.
Stop Loss: Above 3,096
TP1: 3066
TP2: 3054
TP3: 3040
📍 Setup 2 BUY
Scenario: If price retraces to key demand zones $3,080–$3,070, look for a long entry.
Entry: Buy at $3,080–$3,075.
Confirmation: Liquidity grab + Bullish engulfing on LTF (1M, 5M).
Stop Loss: Below $3,070.
TP1: $3,100
TP2: $3,120
TP3: $3,135
📍 Setup 3 BUY
Scenario: Bounce/reversal confirmation near 3,054 (last demand block + imbalance edge).
Entry: Buy at 3048-3055
Confirmation: Entry only if M1/M5 shows CHoCH + volume.
Stop Loss: Below 3048
TP1: 3085
TP2: 3115
TP3: 3128
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your own plan and wait for confirmation before taking action.
If you find the ideas contribute to your views on the market be kind to press boost🚀/like button. Your support is appreciated.
Waiting for a healthy pullback or FOMO push to 3150+?🔸 News Update: Geopolitical Turmoil Boosts Gold’s Appeal 🔸
The Russian Ministry of Defense reported missile strikes on Ukrainian SBU and special operations units, further escalating tensions in Eastern Europe. This, combined with China’s continued gold hoarding and a weaker USD, has kept gold’s bullish momentum intact.
🟥 Sell Setup (Liquidity Trap Short)
Entry Zone: $3,121 – $3,125 (Liquidity Grab + HTF Supply)
Trigger: M5/M15 Bearish CHoCH + Weak Bullish Reaction
SL: Above $3,130 (Invalidation Level)
TP1: $3,100 (First Target)
TP2: $3,085 (Deep Profit Zone)
TP3: $3,074 (Full Breakdown)
📌 Why?
Liquidity Hunt Potential → Market may fake out longs before reversal
Bearish Order Flow Zone → Major supply area where sellers are active
HTF Expansion Exhaustion → Price needs to cool off before further gains
🟥 Sell Setup 2 (Momentum Reversal – Only If Confirmed)
Entry Zone: 3,150 – 3,155 (Extreme Supply Zone)
Trigger: Bearish CHoCH + FVG reaction
SL: Above 3,160
TP1: 3,120
TP2: 3,100
TP3: 3,073
📌 Reasoning:
Extreme premium level where HTF supply could react
Only valid if price extends to this level without pullback
Ideal for a larger reversal if bullish momentum fades
🟢 Buy Setup 3 (Intraday Continuation Play – If $3,100 Rejects)
Entry: $3,092 – $3,094 (LQ sweep + minor demand zone)
Trigger: M1/M5 CHoCH + bullish rejection wick
SL: Below $3,090
TP1: $3,100
TP2: $3,108
TP3: $3,117
📌 Why This Zone?
If NY sweeps $3,100 liquidity and retraces, $3,092 – $3,094 could be a quick buy-the-dip area.
Only valid if the previous demand structure remains intact.
Ideal for short-term scalps rather than a deep retrace buy.
⚠ If price drops aggressively below $3,090, don’t force the buy—$3,083 – $3,087 is the next stronger zone.
🟢 Next Fresh Buy Setup (If Price Dips Again)
Entry Zone: $3,067 – $3,070 (Untapped demand + imbalance fill)
Trigger: M1/M5 CHoCH + bullish confirmation
SL: Below $3,064 (Liquidity protection)
TP1: $3,090 (Reaction level)
TP2: $3,108 (Liquidity grab target)
TP3: $3,120+ (Continuation move)
📌 Why This Zone?
Previous NY session left unmitigated demand here.
If price pulls back, smart money will likely buy from this area.
Gold still bullish – this is the next potential buy-the-dip zone.
⚠️ If $3,067 fails, deeper support at $3,055 – watch for a strong reaction there!!
✅ Key Takeaways
✔ Gold remains bullish above $3,074 – buy dips, but avoid FOMO.
✔ A liquidity grab below $3,080 could be the next major long opportunity.
✔ Sells are scalps only – favor longs unless $3,067 breaks.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your own plan and wait for confirmation before taking action.
Good luck on the market today.
GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEK12H GOLD Chart: Updated Analysis and Strategic Outlook (10the Feb 2024)
Hello Traders,
Here’s the latest 12H GOLD chart update, featuring a detailed review of recent movements and actionable insights for the upcoming market sessions. Our diligent tracking since October 2023 has consistently delivered 100% target accuracy, as evidenced by the marked Golden Circle areas on the charts. Let’s dive into the highlights and what lies ahead.
Previous Chart Review
* Entry Level 2814: ✅ DONE
* TP1 2858: ✅ DONE
* The price broke above the resistance level 2858 and reached a new ATH at 2886 last week.
* EMA5 held above 2858, which fueled the strong bullish push during Friday’s NFP release.
What’s Next for GOLD? Bullish or Bearish?
The price is currently consolidating around 2858, with EMA5 playing a crucial role in determining the next trajectory.
Resistance Levels: 2903, 2948, 2993
Support Levels (Activated GOLDTURN Levels):
2813 (Critical Weighted Level)
2770 (Critical Weighted Level)
2710 (Critical Weighted Level)
2664 (Major Support Level)
2599 (Lower Major Demand Zone and Retracement Range)
EMA5 Behavior (Red Line):
* Currently sitting below TP1 (2858) but indicating sustained bullish momentum.
* EMA5’s crossing and locking above or below key levels will signal the next move:
Bullish Scenarios:
Scenario 1: If EMA5 crosses and locks above TP1 (2858), expect a bullish rally toward 2903.
Scenario 2: If EMA5 crosses and locks above TP2 (2903), the next target is 2948.
Scenario 3: A further cross and lock above 2948 could drive the price to 2993.
Bearish Scenarios:
If EMA5 fails to sustain above TP1 (2858) and resistance levels hold, expect a pullback toward support zones:
Scenario 1: A cross and lock below Entry (2813) could lead to a decline toward 2770.
Scenario 2: A further drop below 2770 may target 2710 as the next support level.
Scenario 3: Continued bearish momentum could push the price toward 2664 and, ultimately, 2599 (Retracement Range).
Short-Term Strategy:
Anticipate possible reversals at weighted GOLDTURN levels 2813 and 2770.
Leverage 1H and 4H timeframes to capture pullbacks around these levels.
Target 30–40 pips per trade, focusing on shorter positions for effective risk management.
GOLDTURN levels provide reliable bounce opportunities, allowing you to buy at dip levels.
Long-Term Outlook:
Maintain a bullish bias while using pullbacks as buying opportunities.
Buying near key support levels ensures better entry points and mitigates risks, avoiding the pitfalls of chasing tops.
Final Thoughts:
Trade with precision, discipline, and confidence. Our accurate, multi-timeframe analysis equips you to navigate the market effectively. Stay updated with daily insights to remain ahead of market trends.
We appreciate your support! Don’t forget to like, comment, and share this post to help others benefit.
Best regards,
📉💰 The Quantum Trading Mastery Team
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup. Gold Traders Gold Ready for Down 👇 ⬇️ List day take a breakout up trand line. 4H Time Frame. Today 💪 test supply rejected point below 👇 trend 📉 FVG) level. 2892 close below 👇 2864 - 28833
Key Resistance level 2920
Key Support level 2892 - 2864 - 2833
Mr SMC Trading point
Pales support boost 🚀 analysis follow)
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold traders SMC trading point update you on New technical analysis setup for Gold 🪙 Gold still holding rejected Resistance level 2956 2943 Gold Traders SMC-Trading Point ☝️ want to Short trend 📉. Close below 👇 ⬇️ up trand that weekend expect it Short Trade 2834
Key Resistance level 2943 + 2955
Key Support level 2876 - 2864 - 2833
Mr SMC Trading point
Plaes support boost 🚀 analysis follow)
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold traders SMC trading point update you on New technical analysis update on gold 🪙 Gold still going to bullish trend 📈 Gold Traders Gold Ready for a new ATH 3010$. This weekend. I'm going to bullish trade on Gold. Today 💪 Take a Strong breakout Resistance level 2947 2954 back 🔙 Tast diamond zone support level. 2923 Now Gold. Don't wait more Sell Good luck 🤞🤞
Key Resistance level 2954 + 2961 + 2987 3010
Key Support level 2940 - 2930 - 2924
Mr SMC Trading point
Pales Support boost 🚀 analysis follow)
GOLD TRADING UPDATE >READ THE CHAPTIANBuddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold traders SMC trading point update you on New technical analysis setup Gold take a oderbolk going to back up trand 😜 (SMC) Gold today test diamond 💎 zone 2730 support level akvite buying padding orders I will see again for buying higher level 2785 )
Key Resistance level 2763+ 2771 + 2785
Key support level 2730 + 2720
Mr SMC Trading point
Support ✨ My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
GOLD TRADING POINT UPDATE > READ THE CHAPTIANBuddy'S dear friend 👋
SMC Trading Signals Update Gold Traders SMC-Trading Point update you on New technical analysis update) Gold still going to buying zone ☺️ 🥂 running BSS AND CHO) patterns Now Gold making a new Bss again back up trand safe buying zone 2759) And Next buying target 🎯 point 2800) fundamental analysis / trump telling more rates cute ) that is expected it more gold)))
Key resistance level 2788 +2797 +2800
Key support level 2764 -2759
Mr SMC Trading point
Support 💫 My hard analysis Setup Lik like and following me 🤝 that star ✨ game 🎮
GOLD TRADING POINT UPDATE > READ THE CHAPTIANBuddy'S dear friend 👋
SMC Trading Signals Update Gold Traders SMC-Trading Point update you on New technical analysis update) Gold still going to buying zone ☺️ 🥂 running BSS AND CHO) patterns Now Gold making a new Bss again back up trand safe buying zone 2759) And Next buying target 🎯 point 2800) fundamental analysis / trump telling more rates cute ) that is expected it more gold)))
Key resistance level 2788 +2797 +2800
Key support level 2764 -2759
Mr SMC Trading point
Support 💫 My hard analysis Setup Lik like and following me 🤝 that star ✨ game 🎮
GOLD TRADING POINT UPDATE > READ THE CHAPTAIN Buddy'S dear friend 👋
Gold Trading Signals 🗺🗺 Update Gold Traders SMC-Trading Point update you a new analysis setup for Gold traders Gold making still holding up trand And channel 💥 technical analysis setup last time post signals 💯 Hit target 🎯 400+ pips profits 💰🤑 💥🚀
New analysis setup Guys 2740 open it short trade entry ☺️ target point 2697 why is it Sell trend 📉 guys 2740 channel. Trend. And below 👇 rejected point receiving support level 🎚️
RSi 70- 50 MA support level 2662
Resistance level 2730 2740
Support level 2720 2700 2609
Mr SMC Trading point
Support 💫 My hard Analysis setup like And Following 🤝 me that star ✨ game 🎮
GOLD TRADING POINT UPDATE >READ THE CHAPTAINBuddy'S dear friend 👋
Gold Trading Signals Update 🗺🗺 Gold Traders SMC-Trading Point ☝️ RSI indicator MA 200 Indicator Manual right o update you good STRATEGY 💥💥 😁. RSI 14 strategy analyse support 💫 level 51.05 2690-2683 MA 200 also good up around that should be Long bullish trend 📈🚀 liset week Gold Bull Trend 📈🚀 hitting 2726 sellers recover from support 2690. Again. Buying zones good entry point of view 😁 buying. Trade 🤝 2690- 2683 📉📈📊
Indicator strategy update
RSL indicator 53.53
MA 200 support 2660
Support level 2700 - 2690 -2683
Resistance level 2722+ 2726 2741
Mr SMC Trading point
Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎮
GOLD TRADING POINT UPDADE > READ THE CAPTAINBuddy'S dear friend 👋
Gold trading analysis map 🗾 update Gold already breakout bullish trend. 2721 -2605 Sellers closed trade. gold recover quickly ✔️ 2658 rejected again test diamond zone 2621 again recover quickly ✔️ Bullish trend 📈. Gold ready for short trade 😀 closed below 👇 Trend 📉 2605 - 2548 don't forget back up trand 😱 if blackout 2648 Next target 2680 ?!!!
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GOLD TECHNIAL UPDATE >GO :? AND READ THE : CAPTAINBuddy's dear friend 👋
Gold trading signals technical analysis setup I think 🧐 Gold ready for Down trand 😜 4 H Time Frame 🖼️ looks good Short Trade first Zone buddys 2774 Next Short Trade 2700
Why wait should be good choice for short Trade 😄. Technical analysis setup now stall Sell trend 📈. Follow risk management
Technical analysis setup look for short trade entry 2673 target 🎯 2540 OANDA:XAUUSD
Technical analysis setup look for short trade entry 2704 target 🎯 25 80 2540
🎮
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GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months.
Last week we got the correction just above the channel top near 2467 Goldturn support, which followed with a nice push up like we said. We also stated that we had a candle body close above 2505 leaving a long term/range gap open to 2557.
- This week we have the same again with a candle body close above 2505 again leaving a gap to 2557. However, keep in mind we also have a ema5 detachment below highlighted on the chart with a circle for a possible correction area.
Either way we are looking for the channel top to provide support for the bounce. All channels that break usually require the channel top to become support outside the channel for further continuations before new channels form.
Failure to provide support outside of the channel, means price breaks back into the channel, in which case the channel re-activates for trading and tracking level to level once again
Therefore, if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, 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 last month candle opened in a central range with room above and below for the updated detachment to complete, which we highlighted circles and also room above to re-test the new open range.
The detachment with the circle still remains and is always a reminder for us to manage our exposure to market while chasing the Bull long term, as one brutal correction at anytime can shock any setups. Tis chart keeps us grounded to always respect our exposure enough to be able to manage long term swings and use them to our advantage to buy dips.
Last monthly candle left a nice body close above 2360, leaving a long range gap open to 2421.
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. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX