Gold SellAs i have predicted earlier that gold will go down as it is forming a Bearish Flag pattren but at that time fundamental got in as a CPI news but i am still stick to the plan from a good Markup price of 2330 which is also a physiological level and a strong support became resistance through which gold has taken resistance almost 2 times in current scenario now gold is going upwards for liquidity sweep and then will rally down to fill FVG and take out sell side liquidity also in higher time frames and major trend of gold is down trend so we won't change our plan being bearish
Keep trading guyz only take care of ur capitals R:R for money management is all what we traders have got
We can't control the market but can control our losses
Goldsignals
XAUUSD Channel Down leading to inevitable 1D MA100 test.Gold (XAUUSD) is failing to break above the 1D MA50 (blue trend-line) on successive tests and as long as it remains below it, the trend will be bearish. In fact the dominant pattern is a Channel Down and the last time we had such a formation was from December 28 2023 to February 14 2024.
It was on that day (Feb 14) that the price bottomed exactly on the 1D MA100 (green trend-line) and initiated the incredible rally of March - April. As you can see, the two Channel Down patterns share similar characteristics. Both sequences experienced identical phases and the current one appears to be finishing phase (C) and on the next top test of the Channel Down, start phase (D), which should be the final and the one to deliver the 1D MA100 test.
We expect that to be around 2260. Notice also how the 1D RSI sequences between the two fractals are also similar, in fact even more than the price action as the RSI filters out the more aggressive nature of the current price action.
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GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed. We were seeing price test 2332 weighted level and failed to lock above 2332 with ema5 confirming the rejection into the retracement range. The retracement level gave us the perfect bounce for a clean 40 pips, as part of our plans.
We then had the 2322 weighted level cross and lock below with ema5 opening 2312, which was hit perfectly.
We are now looking for a reaction on this level. Ema5 cross and lock below 2312 will open the swing range or failure to lock below will follow with another rejection bounce.
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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET
2343
2349
EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET
2367
BEARISH TARGETS
2322 - DONE
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2312 - DONE
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test 2332 weighted level and we will need to see ema5 cross and lock above 2332 to open the range above to test 2343 and 2349.
Rejection here will see price fall back into the retracement range 2322 - 2312 and a further test and break below 2312 will open the swing 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET
2343
2349
EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET
2367
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2336 resistance and 2307 Goldturn support. We will need to see a test and lock on either levels to open the next range.
We will need to see ema5 lock above 2336 to open the range above or a rejection before this will follow to find support at the retracement range. A further cross and lock below 2307 will open the swing 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2336
EMA5 CROSS AND LOCK ABOVE 2336 WILL OPEN THE FOLLOWING BULLISH TARGET
2356
BEARISH TARGETS
2307
EMA5 CROSS AND LOCK BELOW 2307 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2275
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART UPDATEHey Everyone,
Please see our updated daily chart structure.
Last week we were seeing price test support at 2309 with a candle break below opening gap to 2259 and we confirmed we would need to see ema5 to lock below 2309 to further confirm this gap otherwise a failure to lock below will follow with a reactional bounce here to 2355.
- This played out perfectly with ema5 failing to cross below 2309, which followed with the rejection and gave the perfect bounce and now heading towards the 2355 open gap. We were able to catch majority of the bounce using our smaller time frame analysis last week
We are likely to see play between both these levels until we see ema6 lock above or below either lever to open the next range.
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
We will use our 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 algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
After tracking and trading our last weekly chart idea successfully over the last few months, we have decided to now update the chart with new levels and re-align the ascending channel.
Although we saw price break out of this channel ema5 has created the true channel top resistance here. Price is now heading towards the channel half line and found support above 2310 Goldturn. Although we have a close below 2310, ema5 remains above 2310 providing the support with a bounce heading towards 2356 for a test.
The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
The levels within the channel will provide the bounces inline with our plans to buy dips in true level to level fashion using our smaller time-frames. Buying dips allows us to safely manage any swings instead of chasing the bull from the top.
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Your Trading Plan For Next Week Explained
This Friday, Gold turned very bullish and reached a strong daily resistance.
The underlined red resistance is the upper boundary of a narrow horizontal trading range on a daily.
Next week, look for a breakout of the resistance of the range.
A daily candle close above 2342 will be our strong bullish confirmation.
A bullish continuation will most likely follow then.
Next resistance will be 2736
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GOLD ROUTE MAP UPDATEHey Everyone,
Once again another great day on the chart today with our gap above giving us the confidence to buy dips form our Goldturns, as suggested yesterday.
2296 Goldturn gave us the bounce, as planned completing 2309 and 2326 inline with our plans to buy dips and now with protected profits heading for the gap. We are happy with the catch and now closing the week.
As always, we will now come back Sunday with our multi time-frame analysis, Gold route map and trading plans for the week ahead.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend with family and loved ones!!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Main Focus is ...
As I predicted yesterday, we got a nice intraday bearish movement on Gold.
Analyzing the price action on a daily time frame today,
I spotted that the market is currently consolidating.
We can see a narrow horizontal trading range.
Those who are looking to buy the market should wait for a breakout
of the resistance of the range.
A daily candle close above 2342 will be our strong bullish confirmation.
A bullish continuation will most likely follow then.
Next resistance will be 2736
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GOLD: Medium term bias change. FULL MultitimeframePlease see previous ideas for more context
The biggest update from previous analysis is that we are
becoming more bearish on MTF
Because price didn't hold and didn't develop previous described
reaccumulation, instead we see bearish internal start to
hold itself
☝️Do not act based on my analysis, do your own research!!
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☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
GOLD ROUTE MAP UPDATEHey Everyone,
After completing our target at 2326 yesterday, we have a gap left open at 2349. We got a nice run of over 150 pips but not the full gap. As always we only buy from dips so our exits have been nice, safe and early.
We also highlighted that any rejection before the target, we will be looking for support above 2309 for the bounce. This played out perfectly with a bounce form 2309 all the way into 2326 for the perfect Goldturn touch.
Our plan is to continue to buy dips above the retracement range using our weighted Goldturns until we see any break and lock below the retracement 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2296 - DONE
2309 - DONE
EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET
2326 - DONE
BEARISH TARGETS
2286
EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE
2274 - 2259
EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE
2274 - 2259
SWING RANGE
2240 - 2219
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSDHello traders ,what do you think about GOLD ?After Friday's drop and breaking the support zone gold is now nearing the next support zone .After the correction and pullback to the broken zone, it is expected to fall at least to the next levels
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GOLD (XAUUSD): Classic Bearish Pattern
I spotted a strong bearish pattern on Gold on an hourly time frame.
After a strong bearish rally that initiated on Friday last week,
the market started a correctional movement within a rising channel - a bearish flag pattern.
A breakout of the support of the flag is a reliable bearish signal.
Probabilities are high that Gold will drop at least to 2295
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GOLD FALLS MORE last CPI gold made a huge move and remove all seller from the market and move again to the starting point so what we can expect that the market may continue the falling move .currently it is testing the volume area of interest so we wait for a proper breakout then we do sell till lowest level of volume and last target of end of the bearish channel .