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Goldprediction

GOLD DAILY CHART SHORT/MID TERM ROUTE MAP Hey Everyone, Please see our updated daily chart idea with updated retracement, swing range and Goldturn levels. We are seeing price between two weighted levels. We have 2690 Goldturn resistance and 2645, as Goldturn support. We currently have a gap above at 2690, as we had ema5 cross and lock above 2645 opening 2690. The daily chart averages are lagging so sometimes gaps get filled before ema5 confirmation, in which case candle body close gaps are suffice. This gap has ema5 cross and lock leaving 2690 gap open before the rejection to find support at 2645 Goldturn for the bounce. Please note a break below 2645 will also open the lower range, which we can use to track the movement down and catch the bounces up. 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. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, After tracking and trading our last long term weekly chart idea, we finally completed it and promised you all a new weekly chart long term chart idea. Please see our new week chart idea that we will be tracking and trading over the coming weeks and months if needed. We are currently seeing a breakout outside the new Goldturn channel (our unique way of drawing channels). We also have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. If we get a break inside the channel then we will track the movement with the levels highlighted for the bounces and ema5 cross and lock to track the movement level to level. If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET. Just to confirm 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
OANDA:XAUUSD
by Goldviewfx
4
GBPUSD analysis week 40Fundamental Analysis According to CME Group’s FedWatch Tool, the market is currently pricing in a more than 75% chance of the Federal Reserve cutting interest rates by another 50 basis points in November. In addition, weaker US macroeconomic data on Tuesday, coupled with the prevailing risk-on environment, further undermined the safe-haven dollar and confirmed the positive near-term outlook for GBP/USD. Going forward, there is no market-relevant economic data due out of the UK on Wednesday. However, a scheduled speech by BoE MPC Member Megan Greene could influence GBP and provide some impetus to the GBP/USD pair. Later in the early North American session, US New Home Sales data could contribute to short-term trading opportunities. Technical Analysis GBPUSD’s trading range has remained largely unchanged over the past week. With little technical movement we still see the pair in a solid range of 1.323 and 2.349. In the short term we can see that the immediate support zone has been raised after the price reacted strongly at 1.331 and the resistance level forming a triple top around 1.342 has been established. The GBPUSD direction could continue the correction early next week and reach the yearly record around 1.350 in the near term. Trading signals SELL GBPUSD zone 1.349-1.351 Stoploss 1.353 BUY GBPUSD zone 1.323-1.321 Stoploss 1.319
by TVS-Trader
1
Gold closes higher and may fall back to peakThe gold hourly line has obviously reached the top. The K line rushed to around 2685, and then the big Yin line directly covered it and crushed it directly. It once fell by 30 US dollars. The top was obviously bearish engulfing. The moving average was directly bent and turned downward. Of course, the gold price deviated far from the moving average, and it was bound to return to the 50-day moving average. Detailed operations during the day: SELL: 2650------2645
TVC:GOLDShort
by David_strategy
GOLD 4H ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts with our analysis playing out. Yesterday Ema5 cross and lock above 2626 opened 2645 and 2664, which were completed perfectly!! We were then looking for a cross and lock above 2664 to open 2682 and if momentum allowed then 2699. 2682 was hit but volatile candle didn't give us enough time for the lock. However, the candle body close gave us enough time for the confirmation before the hit completing the target. The extended target to 2699 remains open that's why we call it the potential target when completing a range for the final trail stretch. We are now seeing wick rejection at 2682 back down to 2664. If EMA5 fails to cross below 2664 and this level holds, as support, then we are likely to see another 2682 retest and our final stretch at 2699. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2626 - DONE EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET 2645 - DONE POTENTIALLY 2664 - DONE EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 - DONE POTENTIALLY 2699 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
Editors' picks
OANDA:XAUUSD
by Goldviewfx
8
Gold bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up. The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish. Resistance level: 2683 2690. Break to see 2700
TVC:GOLDLong
by David_strategy
1
Rate Cut Expectations Boost Gold TO 2700$ NEW ATHHELLO TRADERS! As I can see market participants now see a nearly 50% chance of a 50-basis-point rate cut, up from 14% earlier in the week​​. Comments from former Fed officials and the market’s appetite for deeper cuts have intensified speculation that the Fed may take more aggressive action. This has fueled gold’s rally, with lower rates generally increasing the appeal of non-yielding assets like gold. U.S. Dollar and Bond Yields Support Gold’s Rise Despite the rally in gold, the U.S. Dollar Index gained slightly this week, closing at 101.114 with a 0.07% increase​. However, the expectation of future rate cuts tempered the dollar’s momentum, keeping gold prices strong. Additionally, bond yields fell, with the 10-year Treasury dropping 2.1 basis points​. As bond yields decline, the opportunity cost of holding gold diminishes, bolstering its attractiveness as a safe-haven asset. Global Monetary Easing and Central Bank Demand Drive Gold Higher The European Central Bank (ECB) also cut interest rates this week, contributing to global monetary easing and reinforcing gold’s strong uptrend​. Central banks, particularly in emerging markets, have been increasing their gold reserves, further supporting prices. With the Fed likely to follow suit, the demand for gold is expected to remain robust in the short term. Next Week’s Forecast: Fed Meeting in Focus Looking ahead, all eyes are on the Federal Reserve’s policy meeting scheduled for next Tuesday and Wednesday. The market widely expects a rate cut, marking the Fed’s first reduction since 2020. While the consensus is for a 25-basis-point cut, there remains a significant 49% chance of a larger 50-basis-point reduction​. A larger cut would likely drive gold prices higher, potentially pushing them towards $2,600 per ounce​. Moreover, the Fed will provide updated projections on future rate cuts, which could signal further monetary easing through 2024. The Fed’s success in bringing inflation near its 2% target while avoiding a severe recession will be pivotal in determining its next moves. If inflation continues to moderate and the labor market weakens, additional cuts could be on the horizon, further supporting gold’s bullish outlook​. technically chart is also crystal clear its just a trade idea Dear traders Support the idea it will help many other traders and share ur thoughts with us in comment Stay Tuned for more updates ....
TVC:GOLDLong
by APEX_TRADING_ACADMEY
1
9.26 Gold Short-term Operation StrategyThe gold four-hour line is a positive line throughout the whole process. Even if it closes with a negative line, it can still break through the positive line directly and close with a long lower shadow. The K line always stands above the moving average and always crushes the moving average. The bullish trend has not changed at all, and the support level has been constantly moving up. This is a super buying trend that continues to set new highs. Short-term operation in the Asian session: BUY: 2658 Target: 2670
TVC:GOLDLong
by David_strategy
1
9.26 Technical Analysis of Gold Short-term OperationsGold rose again in 1 hour and is currently trading at 2660 without breaking a new high. At present, gold has begun to form a small double top. After continuous rise, the bullish momentum of gold has gradually begun to be consumed. A major adjustment is imminent. If the rebound of gold in the US market does not break a new high, it can still be shorted. On the 1-hour K-line chart, gold has risen. At this time, the Bollinger Bands began to close, and the gold price fluctuated and adjusted. As for the target position, we look at the 1-hour moving average Today's focus The number of initial jobless claims in the United States as of the week of September 21 (10,000 people) Detailed operations during the day: Sell: 2665 Target 2650-2645
TVC:GOLDShort
by David_strategy
1
9.26 Technical Analysis of Gold Short-term OperationsYesterday, gold continued to break highs in the US market, performing extremely strongly. The early trading price was 2661. Yesterday, it rose by 30 US dollars and continued to rise to the 2670 line. There is no doubt that with the frequent breakthrough of high points, the rising gold bulls are coming, and the upward trend will accelerate. Bulls will be the main theme in the future; the correction action is presented in the form of shocks. "Although it has set new highs many times this year and outperformed major stock indexes, in the long run, gold still has room for further growth. Pay attention to the correction in the short term." In a low interest rate environment and geopolitical turmoil, interest-free gold is often the preferred investment. Today's operation: BUY: 2650 stop loss 2640 target: 2665-2675 SELL: 2680 stop loss 2685 target: 2660-2655
TVC:GOLDLong
by David_strategy
1
Gold Price Analysis September 25Fundamental Analysis Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve. Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors. The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices. Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal. Technical Analysis Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone Trading signals BUY GOLD zone 2650 SL 2645 BUY GOLD zone 2640 SL 2635 SELL GOLD zone 2670 SL 2675 SELL GOLD zone 2680 SL 2685
OANDA:XAUUSD
by TVS-Trader