Get started

Goldprediction

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 in a new rage but just like last time we were able to generate accurate levels to use for the coming week. We are seeing price between two weighted levels. We have 2581 Goldturn resistance and 2567, as Goldturn support. We currently have a gap above on market open at 2581 and below at 2567 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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 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 2581 EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET 2591 EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET 2603 POTENTIALLY 2615 BEARISH TARGETS 2567 EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2554 - 2538 EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE SWING RANGE 2516 - 2506 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
OANDA:XAUUSD
by Goldviewfx
14
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. We are seeing price between two weighted levels. We have 2590 Goldturn resistance and we have 2564, as Goldturn support. We currently have a gap open above at 2590 and below at 2564 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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 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 2590 EMA5 CROSS AND LOCK ABOVE 2590 WILL OPEN THE FOLLOWING BULLISH TARGET 2608 POTENTIALLY 2626 BEARISH TARGETS 2564 EMA5 CROSS AND LOCK BELOW 2564 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2545 - 2517 EMA5 CROSS AND LOCK BELOW 2517 WILL OPEN THE SWING RANGE SWING RANGE 2493 - 2468 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
OANDA:XAUUSD
by Goldviewfx
3
DAILY CHART MID/LONG TERM CHART UPDATEHey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. Last week we stated we stated that we still have the candle body close above 2521 for the gap to 2566 and we would need Ema5 lock to further confirm and strengthen this gap. Currently ema5 is playing just under it and we will continue to observe and update this. - This has played out perfectly with 2566 now hit completing this target. We now have a candle body close above 2566 leaving a long term gap to 2608 and if we get a ema5 lock then this will further strengthen the gap. We have to also keep in mind that we have a support range between 2566 - 2521 for longer range support areas to buy strategic dips, should the corrections take place before completing gaps above. We will use 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 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
3
WEEKLY CHART MID/LONG TERM CHART UPDATEHey Everyone, Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months. Previously we stated that we had the candle body close above 2505 leaving a gap to 2557. We also stated that we need to keep in mind that we have a ema5 detachment below highlighted on the chart with a circle for a possible correction area. We then got the detachment touch below two weeks ago, followed with the bounce like we analysed. Last week the bounce completed the full range and hit our target at 2557 perfectly. Just amazing to see our analysis play out in true level to level fashion. We also stated that all channels that break usually require the channel top to become support outside the channel for further continuations before new channels form and once again this played out like we analysed. We now have a candle body close above 2557 leaving a long term Axis gap target to 2603, which we shared on this chart number of weeks back. The new weekly candle will have a detachment below for correction range which will show up when market opens. Please note any corrections below that fail 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
OANDA:XAUUSD
by Goldviewfx
7
9.14 Gold Short-term Analysis StrategyThe daily and 4-hour lines closed with big positives, overlooking the 2530 line that was tested many times in the early stage. Therefore, only by following the trend under the bullish trend can there be greater profit space. The price relies on the MA moving average to go up, and the trend is very clear that the bulls have an advantage. On the one hand, it is a bullish trend. On the other hand, whether it is the hourly line or the 4-hour line, the strength of the retracement and the coordination of time after continuous pull-up, the gold price retreated to around 2545 in the early morning, and then the hourly line continued to attack the 2560 line. In other words, it is still constantly refreshing the historical high in the early morning, and there is no room for correction. The shape is relatively strong. There is no room for even retracement, which shows that the bulls are full of momentum, and there is still room for continued rise today. Today's operation plan: In the bullish pattern, what position should be used to plan for long positions? The market with oscillating components uses the low point of the retracement correction as support to rebound again. Today's ideas are similar to those of yesterday, and need to be combined with time. The lower support is near 2549, which is the upper track of the previous upward channel. After breaking through, it is bullish. The upper resistance is near 2580,2588.
TVC:GOLD
by David_strategy
GOLD ROUTE MAP UPDATEHey Everyone, A PIPTASTIC finish to the week with our multi timeframe chart analysis hitting targets completing all our chart ideas. We remained committed to the bull and it paid off!! Yesterday we shared updates on the 1H and 4H chart ideas, with both ideas completed and here we have the daily chart update. This chart has been followed every week for a number of months and we have confirmed the close above 2521 leaving the gap open to 2566 for over two weeks. This was finally completed today, which also had a ema5 lock further confirming the gap before hitting it. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
Gold Trading Strategy: A Professional Approach to XAUUSD 👀 👉 This comprehensive video presents a sophisticated trading plan for the XAUUSD (Gold/US Dollar) market, designed to maximize profitability through a structured approach. We delve into crucial aspects of technical analysis and leverage TradingView's advanced tools to gain a competitive edge in the markets. Key topics covered include: 1. Trend identification and analysis 2. Entry and exit criteria 3. Market overextension assessment 4. Discount entry strategies aligned with institutional positioning 5. Higher timeframe trend analysis combined with 4-hour chart entry points 6. Price action and market structure interpretation Our methodology emphasizes the importance of avoiding premium entries in bullish markets and instead focuses on identifying optimal discount entry opportunities. By aligning our strategy with institutional movements, we aim to enhance the probability of successful trades. The video provides a detailed exploration of various technical analysis components, including: - Trend analysis techniques - Market structure interpretation - Price action patterns - Overextension indicators - Traded Volume indicators - Multi-timeframe analysis (higher timeframe trend combined with 4-hour chart entries) This comprehensive approach to XAUUSD trading is designed to equip traders with the tools and knowledge necessary to navigate the gold market effectively and potentially increase their trading success. Disclaimer: Trading in financial markets carries a high level of risk and may not be suitable for all investors. The information provided in this video is for educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any investment decisions. Trade responsibly and use proper risk management techniques. 📉✅
Editors' picks
FX:XAUUSDEducation
by tradingwithanthony
17
Gold Price Analysis September 13Fundamental Analysis Gold prices maintained modest intraday gains heading into the European session on Friday and are currently hovering near the $2,565-2,570 region, or record highs. A softer-than-expected US Producer Price Index (PPI) report released on Thursday provided further evidence of easing inflation and raised expectations of a larger rate cut from the Federal Reserve (Fed) next week. This was reinforced by a fresh drop in US Treasury yields, which dragged the US dollar (USD) to its lowest in more than a week and continued to act as a bullish driver for the non-yielding yellow metal. In addition, persistent geopolitical risks stemming from ongoing conflicts in the Middle East and the protracted war between Russia and Ukraine also provided additional support for safe-haven gold. This, in turn, confirms the overnight breakout through a multi-week trading range and supports the outlook for a short-term bullish move. Technical Analysis Profit-taking by some investors at the end of the Asian session pushed the price to 2563 and continued to push it up when the European session entered. Today's scenario is that gold retreats to the 2560 zone and does not break this zone until the middle of the European session, so we can buy back to the target zone of 2574-2580. In the direction of breaking through the 2560 zone, we will not sell retest but wait for the BUY zones of 2555 and 2545. BUY signals can hold TP far away at the present time because gold can completely create ATH in the near future Price zones to pay attention to according to the scenario: 2555-2545-2560-2575-2580.
OANDA:XAUUSD
by TVS-Trader
9.13 Gold Short-term AnalysisGold prices rose more than 1% on Thursday, hitting a record high of $2,559.98 per ounce and closing at $2,558.54 per ounce, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the European Central Bank's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to provide safe-haven buying support for gold prices. Considering the possibility of profit-taking on Friday, we will patiently pay attention to the strength of profit-taking in gold today. Market expectations have increased that the Federal Reserve will cut interest rates by 25 basis points at its September 17-18 meeting. The probability of a 25 basis point cut is 73%, and the probability of a 50 basis point cut is 27%. This expectation has driven gold's rise because the low interest rate environment makes gold more attractive as a non-yielding asset. The European Central Bank announced another rate cut on Thursday, lowering the deposit rate to 3.50%. This decision is closely related to the background of weak economic growth and slowing inflation in the eurozone. The ECB's rate cut reduces the opportunity cost of holding gold, further enhancing its attractiveness. In addition to economic data, geopolitical tensions also have an important impact on gold prices. Russian President Vladimir Putin said on Wednesday that Moscow may restrict exports of uranium, titanium and nickel in retaliation against Western countries. The statement has raised market concerns about the global supply chain, further boosting safe-haven demand for gold.
TVC:GOLD
by David_strategy
1
Gold Market Analysis NFP weekGold Market Prediction point of view: The gold market recently closed both its monthly and weekly candles, showing strong bullish momentum. On a monthly timeframe, gold remains bullish, especially if it stays above the 2400-2500 level. The key question now is when the market will correct this move. A retracement is expected, which typically happens gradually. On a weekly timeframe, the market structure remains bullish. However, there is an imbalance between the 2350 and 2465 levels, suggesting that prices could move downward slightly to fill this gap before continuing upward. On a daily timeframe, gold has broken through its previous resistance levels, filling its daily imbalance at 2470. Key levels to watch are 2475-2485 for further bullish movement, with potential downside targets around 2415 if a correction occurs. On a 4-hour timeframe, the market is currently moving sideways, and key levels to monitor are around 2530 for potential breakouts or retracements. The price could test higher levels like 2550-2560 if it breaks 2530, but if it fails, it might retrace to lower levels. Fundamental factors: Upcoming data releases, such as ISM Manufacturing PMI, ADP employment, and NFP, could significantly influence market movements. Gold important levels and areas are marked on chart so trade accordingly dont be trapped. In summary, the gold market is currently in a strong bullish trend, but careful attention should be paid to key levels and upcoming economic data that could impact its movement.
OANDA:XAUUSD
by mrshafaq
9.13Technical Analysis of Gold Short-term OperationsLast night, inflation data fell beyond expectations, while the core inflation monthly rate rebounded slightly to 0.3%. Gold plummeted to around $2,500 after the $2,529 data in the Asia-Europe session. This week's market, as long as you follow it after seeing it, you will basically be slapped in the face. On Monday, I saw the decline from $2,500 to $2,485 before I rebounded and went short. Then on Tuesday, I saw the decline from 2,507 to 2,500 in the early trading and rebounded and went short. On Wednesday, I saw the Asia-Europe session continue to rise to $2,529 and started to sing a new high. All of these were "counter-killed". Yesterday, I clearly said that we must prevent fake falls and the sudden counterattack of shorts. Not only will the August CPI be announced, but the price will be close to $2,530. There is no need to do any callback here. Unless it is a rapid plunge, the cost performance is too poor. From the non-agricultural data to now, both long and short positions have been accurately stepped on, without exception. The non-agricultural data clearly stated that no matter whether the data is good or bad, the rise is an illusion, and the fall is the purpose. On Monday, the market opened directly at 2500 US dollars and shorted. After the decline, it stopped chasing shorts. After the decline, it fell to 2485 US dollars and rebounded to break through 2500. It decisively went long at 2500-01 and left the market at 2515. On Wednesday, the price was near 2505 and emphasized that it was also 2520 to go long at 2500 first. Yesterday, it was directly short at 2523, without considering chasing long near the historical high, and arranged long after the plunge. Today, I think a large number of people have begun to stand on the side of the shorts, which is just the opposite of yesterday. The plunge in gold prices from 2530 to 2500 after the CPI data and the current rebound are in line with the logic of shorts. However, I think if it is a continuation of the short position, there will not be such a large rebound. The continuous rebound of 2500, the higher the price seems to be, the greater the probability of digging a pit, especially the rebound from 2510 in the morning as support. Unless it returns to below this position, I will not short today. Soon, gold will go unilaterally. It has closed the cross K line for three consecutive weeks. The daily BOLL closed at a high level. Now it is waiting for a suitable opportunity to directly break the range, and I am optimistic about the upward breakthrough. The bulls will soon challenge $2,600 this time. At present, the gold price is constantly rising from the lows of $2472, $2485, and $2500. The first rebound target is $2522-23, followed by $2528-30, and then $2538-40. The recent market should be prepared to get on the bus and wait for the market to start at any time. Today, gold uses $2,500 as the dividing point and $2,510 as the support area. Go long after the pullback, that is, change from yesterday's short thinking to low long. The rebound after the plunge is too big. This rebound is often not an opportunity to go short, but a slow rise to force shorts.
TVC:GOLD
by David_strategy
1
GOLD 1H AND 4H CHART ROUTE MAP UPDATEHey Everyone, We totally smashed our 1H and 4H chart ideas today!!! Eme5 cross and lock above 2517 confirmed 2536 and 2550 on this 4h chart idea, which was completed perfectly. We will now look for ema5b cross and lock above 2550 to open the range above. Please see our 1H chart idea below; This chart had ema5 cross and lock above 2523 opening 2534 and 2547, which were both hit perfectly today completing this chart idea. 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 2517 - DONE EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET 2536 -DONE POTENTIALLY 2550 - DONE BEARISH TARGETS 2493 - DONE 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
OANDA:XAUUSD
by Goldviewfx
11
GOLD: Pullback in Short Term?Hi Traders! Gold prices rose early on Thursday as the dollar weakened ahead of next week's expected Federal Reserve interest-rate cut. Gold for December delivery was last seen up US$19.70 to US$2,562.10 per ounce. Hopes among gold bulls that the Federal Reserve's policy committee would offer 50 basis point rate cut at the end of its two-day meeting next Wednesday were dashed when data released yesterday showed the August U.S. Consumer Price Index rose by 2.5% down from 2.9% in July. "Gold dropped back on Wednesday after US inflation data dimmed the prospects for a 50-basis-point cut next week, but underlying strength prevails, with daily higher lows signaling continued appetite from investors," Saxo Bank noted. The dollar eased early, with the ICE dollar index last seen down 0.08 points to 101.61. Treasury yields were flat, with the yield on the U.S. two-year not unchanged at 3.648%, while the 10-year note was paying 3.658%, also steady. From a technical point of view, on the daily chart the trend is bullish (but has not yet reached our Target at the moment). That said, once the harmonic structure is completed, we do not exclude an interesting mid-term pullback. What do you think? Please support our idea for future updates. Thanks for watching
OANDA:XAUUSDShort
by TheAnonymousBanker
16
9.12 Technical Analysis of Gold Short-term OperationsIn the 4-hour period, the stochastic indicator is a dead cross downward, which is a bearish signal; however, the BOLL interval is obvious, forming an interval that has never been broken; in addition, the support bands of 2500-2490-2480-2470 have not all fallen through; 2: In the daily K, the stochastic indicator is in a state of blunt top divergence; bearish signal; the indicator is in a state of bluntness at a high level, waiting for stimulation; in terms of form, the market is resistant to falling, sideways, and since the high break, it is the second wave of rising break; it is expected that there will be a third wave of BOLL upward break upward trend later; Comprehensive Get up: In terms of thinking, priority is given to the trend thinking; in terms of support, the middle axis support position is near 2495, the lower axis track support is near 2445; the transition support position is near 2470; sideways support, then consider sideways; sideways support position is near 2508 and 2490 in the small range; War risk aversion is still continuing; therefore, short positions cannot be arranged at present; in terms of form, 2530 is not the peak high point of the form, so it is not recommended to arrange; breakout is handled according to the breakout of 2530/32 Today's focus: the number of initial jobless claims in the United States as of the week of September 7 (10,000 people)
TVC:GOLDLong
by David_strategy
2
Gold Analysis September 12Fundamental Analysis Gold prices rose on an overnight rebound from the psychological $2,500 mark and gained some positive momentum on Thursday. Growing acceptance that the Federal Reserve (Fed) will begin its policy easing cycle and lower borrowing costs next week turned out to be a major factor acting as a boost for the non-yielding yellow metal. That said, bearish bets on a larger Fed rate cut at the end of the September 17-18 policy meeting have pushed the US Dollar (USD) closer to its monthly peak and should limit gains for the commodity. In addition, a generally positive tone around the equity markets is likely to undermine traditional safe-haven assets and deter traders from placing aggressive bullish bets around Gold prices. Furthermore, the recent range-bound price action and repeated failures to find acceptance above the $2,530-2,532 zone or the all-time high reached in August, make it prudent to wait for strong follow-through buying before positioning for further gains. Traders are now looking forward to the US Producer Price Index (PPI) for fresh impetus. Technical Analysis Gold prices pushed up to 2521 in the late Asian session and as the European session began, prices are being pushed back down. The area of ​​interest is the 2512 zone as prices failed to break through until mid-European session, then BUYing back up to 2528 before the US. Breaking 2528 holds until the 2555.xx peak. In the opposite direction when the 2512 zone is broken, wait for retest to sell to 2500 and 2595. In case gold does not push to 12 but flies away, sell again in the 2528-2530 zone. SELL 2543 - 2545 Stoploss 2549 BUY 2503 - 2501. Stoploss 2498 BUY 2496 - 2494. Stoploss 249
OANDA:XAUUSD
by TVS-Trader
Gold, what is next, up or down, does anyone know?)After my last post on GOLD the price nearly hit my target at the all-time high (ATH), but now we're in a tricky situation: 1. We’ve got equal lows (EQL) and equal highs (EQH) forming on GOLD. 2. The price grabbed liquidity from the previous week's high (PWH), then nuked and closed below both the daily open and weekly open (WO) levels. 3. On the lower timeframes (5-15m), we've got market structure shifts (MS) and break of structure (BOS). Given all these factors, I see three possible scenarios—two bearish and one bullish—all depending on how Monday and Tuesday’s price action (PA) plays out: 1. **Most likely**: A pump to the 15m order block (OB) in the golden pocket before moving downward toward the EQL. 2. **Bearish scenario**: The price drops from the market open straight down to EQL without testing any higher zones. 3. **Bullish scenario**: The price surges higher, closes above the 15m OB, and continues pushing toward the ATH. Once either EQL or EQH is hit, we’ll need to watch for a reaction. Follow me if you don’t want to miss more insights like this!
CAPITALCOM:GOLDShort
by Almenio
2
Analysis of 9.12 Gold Short-term Operation StrategySpot gold is currently trading around $25,118.46/oz, with a narrow range of fluctuations on Thursday (September 12). Gold prices rose and fell on Wednesday, supported by safe-haven buying. Gold prices rose to around $2,529 earlier in the session on Wednesday, approaching historical highs, but after the U.S. CPI data, gold prices gave up gains and fell to around the 2,500 mark, closing at $2,511.33/oz, as U.S. inflation data prompted investors to scale back expectations for the Fed's super-large rate cut next week, and the U.S. dollar and Treasury yields strengthened. First: Data, wash; before large data, gold prices have no external stimulation and it is difficult to form range fluctuations; what is large data, such as the mid-month interest rate meeting, such as the U.S. election in October, such as the Middle East war, the risk aversion of the Russian-Ukrainian war; therefore, these small data, like "ants shaking a big tree", are difficult to change the trend of the market; but they will form a wash trend; Second: On the market, the overall market is consolidating in the large range of 2470-2530; and it is controlled by bulls; this is the core; after several weeks of trend, the market is resistant to decline and it is difficult to form a sharp drop; without the emergence of strong negative fundamentals, it is not enough to change this high-range consolidation and high-range resistance to decline trend; In terms of data, small data are mainly for washing; on the market, it is high-range consolidation and high-range oscillation; understand this, at least it will not be very wrong; grasp the market trend, it will be relatively easy to do Detailed intraday operation strategy: Gold rebounds to 2522 short, defend 2530, target 2510-2500 Gold falls back to 2480 to go long, defend 2472, target 2490-2500
TVC:GOLD
by David_strategy
9.12 Gold Short-term AnalysisGold has been going up and down, but it still hasn't broken through the historical high. Gold is under pressure from the historical high resistance, so short at high, if it breaks through, follow up and go long, gold rebounds first under pressure Gold's 4-hour moving average is still dead cross short arrangement, gold's 4-hour high point long structure, gold rebound high pressure historical high resistance, so continue to short, gold rebounded 2525 in the morning, continue to short, if it breaks through the new high, follow up and go long, the market is looking at the present, the market is also looking at what kind of operation is corresponding, gold has not broken through the new high in one fell swoop, the high point is reasonable, so it is reasonable to continue to short at high Today's focus: The main refinancing interest of the European Central Bank in the euro zone to September 12 The number of initial jobless claims in the United States for the week ending September 7 The annual rate of the US PPI in August The monthly rate of the US PPI in August
TVC:GOLDShort
by David_strategy
1
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Our 1H chart is once again representing level to level, inline with our plans to buy dips. Monday we stated that 2495 support target was hit and we were seeing price bounce off the retracement range to head towards 2506 bullish target. - This was hit perfectly followed with ema5 cross and lock above 2506 opening 2523, which was also hit perfectly. No further lock above 2523 confirmed the rejection back to 2506 weighted level now turned support, providing the bounce, as per our analysis. We will now see price play between 2506 and 2523 and will need ema5 lock to confirm breakout or fadeouts We will continue with our plans to buy dips and keep note of any unfilled gaps below, which helps us plan to buy dips accordingly. However, as always each of our weighted levels gave the 30 to 40 pip bounces, as analysed and played out perfectly! 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 2506 - DONE EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET 2523 - DONE EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET 2535 POTENTIALLY 2547 BEARISH TARGETS 2495 - DONE EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2482 EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 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
OANDA:XAUUSD
by Goldviewfx
10
CPI blockbuster data hits, will it break through or fall again?At present, the controversy over whether the Fed will cut interest rates by 25 basis points or 50 basis points in September is still uncertain. Since March this year, the US CPI data has continued to decline, and this CPI is the last heavy data before the Fed's September meeting, and it is also the last chance to shake the expectation of interest rate cuts. As of now, the market expects a 69% probability of a 25 basis point rate cut in September and a 31% probability of a 50 basis point rate cut. Therefore, the results of today's CPI data release are likely to affect the sharp fluctuations in gold. Regardless of the results of today's data release, we must be cautious in trading, because the results of large fluctuations are difficult to judge. At the same time, in addition to the direct impact on the economy, it will also affect the expectations of interest rate cuts. At that time, the large fluctuations in gold prices up and down also need to be prevented. As can be seen from the 4H chart, there is a strong resistance near the 2530 line. So far, it has failed to break through 7 times. Whether it will fall again or set a new high depends on the results of the CPI release. Here I give the following trading strategies for your reference: The first option is to sell at a high level, with a target of around 2505. The second option is to wait for the price to fall back to around 2505 and buy.
TVC:GOLD
by AntonyTP