GOLD 1HR CHART BACK TESTING OR..Backtesting in the gold market is a critical process that leverages historical price data to assess the viability and performance of trading strategies over a defined time period. By simulating trades and market conditions from the past, traders gain insights into how their strategies would have performed under varying market scenarios, including periods of volatility and stability. This detailed analysis helps identify strengths, weaknesses, and potential risks within a strategy, allowing for adjustments and refinements before applying it in live trading. In the context of the gold market, where price movements can be influenced by global economic factors, geopolitical tensions, and currency fluctuations, robust backtesting serves as an essential tool for developing informed and resilient trading approaches...
Goldprediction
XAUUSD last trade chart Gold (XAUUSD) surges higher, marking a strong bullish recovery in the latest trading session. The price action hints at growing demand, with buyers stepping in near key support levels. A breakout above critical resistance zones could pave the way for further upward momentum. Traders are watching closely for confirmations of the trend continuation, while risk management remains crucial amid potential market volatility..
Gold price analysis November 29Gold has formed an upward channel and is trading within that price range, 2679-2680 has become the destination and also the most important resistance zone today. Gold is facing some selling pressure at 2665, so the 2665 zone has become the immediate port zone that Gold will encounter when it wants to surpass 2680. The possibility of a sell-off at the end of the day is possible, so when the price channel is broken, that is, breaking the important zone of 2650, Gold will soon find 2605 and 2585 again.
Wishing you a successful trading day
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our analysis playing out, as analysed.
After completing the full swing range test and swing action yesterday, we stated that we were now waiting for ema5 lock above 2657 for a continuation or a lock below the swing range will open the levels below.
2657 Goldturn failed to break and followed with the rejection back into the swing range at 2620. No lock below 2620 confirmed the rejection for the bounce, inline with our plans to buy dips.
We will continue to see play between both these weighted levels and will need to see ema5 cross and lock to confirm 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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
SWING RANGE
2638 (DONE) - 2620 (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
XAU/USD "Gold Vs US Dollar" Market Heist Plan on Bullish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAU/USD "Gold Vs US Dollar" Commodity Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point entry should be in pullback.
Stop Loss 🛑: Recent Swing High using 4H timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Gold can give 2670 in Next Move! Read Chart and CaptionHello Trades
we can see a triangle in every time frame from 3min to 8H and breakout successfully in 15min to 1H here we can see good updside move till 2670 gold is fully bullish, here we can place buy order and our SL would be 2627 and Tp is 2662, 2669. all technical chart and candle patterns showing bullish so i am in.
share my idea with your friends and family and don't forget to follow me for new amazing trades
GOLD- at immediate support? whats next??#GOLD.. well guys market placed a very reasonable low in morning that was our support and we discussed in our video analysis.
now we have 2642.50 as immediate support and if market holds that area in that case we can see further bounce towards our area.
keep close 2642.50
good luck
trade wisely
ANALUSIS PRICE TREND Analyze price trends🌐
➡️Gold is likely to grow to the 2662 - 2664 area and then there will be a sudden collapse to get all the Buy liquidity, but first you need to wait for a confirmation signal through the 2652 area if gold reaches the threshold and firmly breaks this area. There will be a possibility that gold will touch 2662 tomorrow
Gold price analysis November 27Fundamental Analysis
Gold prices rose above overnight gains from the $2,600 region, or a one-week low, and gained some follow-through positive momentum for the second consecutive day on Wednesday. Concerns over persistent geopolitical risks stemming from the protracted Russia-Ukraine war and US President-elect Donald Trump’s tariff plans turned out to be the main factors driving safe-haven flows into the precious metal.
In addition, a subdued US Dollar (USD) price action lifted Gold prices to a two-day high around $2,645 heading into the European session. However, the prevailing risk-on environment, prospects of slower rate cuts by the Federal Reserve (Fed) and rising US Treasury yields kept the yellow metal in check. Traders now look to key US inflation data for fresh impetus.
Technical analysis
The immediate resistance that gold is aiming for is 2648-2650, pay special attention to this price zone. If we can break this zone, we will wait for retests and BUY to the main resistance zone today at 2658-2660. In case the European session cannot break 2650, our strategy will be to SELL Gold, expecting it to reach 2634.
Will gold continue to rise?
For now, can gold continue to rally next week? Will there be a new rise? The answer is, of course! Remember, continuity is the key to an uptrend anyway, and look at crude oil to see what rhythm is.
Fundamentals from the overall pattern, risk aversion has not subsided, gold is still in an upward pattern.
The current plate technical point of view, last week's weekly line big Yin and this week's weekly line big Yang echo, rise and fall are also 150 dollars range, the only difference lies in a negative line, a positive line. This week's pull up broke the weekly four consecutive Yin closed a big Yang column, the solid effectively stabilized the upward channel, and closed above the short-term weekly average, the intensive support on the cycle average line is more prominent, the cycle index also maintained upward, weekly long strong;
Therefore, weekly deep V reversal, superpose daily 5 even Yang, a little bit in the long run must be to test the previous high 2785-2790, this position may directly break through, may also be regress after the adjustment to break through.
Either way, the direction is up, so the trading mind only needs to be long, and a pullback is an opportunity to be long. This is also evidenced by our continued bullish thinking this week.
Detailed trading strategies will be updated later, so join me in the discussion
GOLD ROUTE MAP UPDATEHey Everyone,
A piptastic day on the charts today with our analysis playing out perfectly!!!!
Yesterday after completing the full swing range test at 2620, we stated we were waiting for the full swing action into 2657. The swing range did exactly what it says on the tin.
- This played out perfectly with the full swing action into 2657 completing this setup
We will now need to see ema5 lock above 2657 for a continuation, as long as the swing range provides support or a lock below the swing range will open the levels below.
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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
SWING RANGE
2638 (DONE) - 2620 (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
GOLD TRADING POINT MAP UPDATE GO > READ THA >CAPTAINBuddy'S dear friend 👋
Gold trading analysis map 🗾 Gold test results from resistance level 2704 big resistance level pullback dow👇 trend 📉 technical analysis setup gold if closed above ground 2720 Next target we'll see 2800$ more update 👇👇
Gold 4H Time Frame 🖼️ candle close below 👇 2687 more
drop 💧 2608. Break some pullback up 2678 back down 👇 2543 back up trand 2581 again down 👇 2509
SMC Gold trading point
S upport ✨ My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎮
XAU/GBP "Gold Vs Pound" Market Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAU/GBP "Gold Vs Pound" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 2H timeframe (or) Place SL where I mentioned in the Chart.
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
GOLD at Critical Levels: Breakout or Rejection Looms?The XAU/USD chart indicates consolidation near a supply zone. This indecision reflects a potential breakout or breakdown setup:
Upside Potential: A clean break above the consolidation zone could signal a bullish continuation, targeting the next resistance levels.
Downside Risk: A failure to sustain higher prices may trigger a sell-off back toward the demand zones.
A rejection at this resistance zone could result in a sell-off towards lower support levels around 2,619.65, 2,616.00, and potentially lower. Watch for bearish price action signals at the resistance zone to confirm this move.
Gold Continues to Fall!!!The announcement of a temporary ceasefire between Israel and Lebanon might lead to short-term downward pressure on Gold prices, as it alleviates immediate concerns about regional instability. However, any escalation in tensions or broader economic impacts could reverse this trend.
Gold ( OANDA:XAUUSD ) started to fall after the ascending channel broke with the help of the above news .
Gold is trying to break the Support zone($2,644-$2,625) .
According to the Elliott wave theory , Gold completed the corrective zigzag pattern , and we must wait for the next falling waves .
After breaking the Support zone($2,644-$2,625) , I expect Gold to fall to at least the Next Support zone($2,605-$2,584) .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , it has followed the second scenario and dropped down to 2640 and now even lower. With this in mind, we now have again two possible scenarios. We are sitting at two important KL’s (Key Levels) and we will be sitting out until we see a clear break. It might look like a mess, but it’s pretty simple.
Scenario 1: BUYS
We broke above 2640 . That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) 2660 .
Scenario 2: SELLS
We broke below 2604 , and are now targeting breaks of 2590 and revisits of 2550 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660.
KEY NOTES
- XAUUSD breaking above 2640 would confirm buys.
- XAUUSD failing to break above 2660 would confirm sells.
- Breaks below 2604 would result in sells, down to 2590 and 2550.
Happy trading!
FxPocket