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GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce. - This played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test. We will continue to track the move up with the ascending channel half line to provide support along the way. We will also keep in mind while tracking the ascending channel half line that any break below the half line with ema5 will open the range below. 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
OANDA:XAUUSD
by Goldviewfx
10
GOLD MONTHLY CHART LONG RANGE/TERM ROUTE MAPHey Everyone, As stated last week we completed all our Bullish targets after breaking out of the ascending channel and stated that we also need to keep in mind the detachment below highlighted in circle. This may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term. - We had the anticipated correctional drop, as you can see from the wick on last months candle but not enough to complete the full detachment. The new month candle has now opened and in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range CURRENT UPDATE The mission to retest the new open range again has started with 2296 and 2360 complete. If we get the full re-test above this month then we are likely to see ema5 move up closing the detachment gap higher for any correction to take place higher. Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above. 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. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
9
GOLD main long targets using elliott waveHere’s a refined analysis of the 4-hour chart using Elliott Wave Theory: The chart exhibits an impulsive bullish movement that began at 1984. The first wave (Wave 1) culminated at 2194. This was followed by a correction to the 0.236 Fibonacci retracement level at 2147, marking the end of Wave 2. The subsequent upward trend formed Wave 3, which concluded at the 1.272 Fibonacci expansion level of 2430. After this peak, the chart underwent an A-B-C correction, with Wave 4 terminating at the 0.5 Fibonacci level of 2280—this level was determined by measuring the trough of Wave 2 and the peak of Wave 3. Currently, the chart is progressing through Wave 5, which has the potential to ascend to 2485. There is also a possibility for further elevation to 2540 and 2612, corresponding to the 1.272 and 1.618 Fibonacci extension levels, respectively. Here’s the summary in a cleaner format: Start of Bullish Move: 1984 Wave 1 Peak: 2194 Wave 2 Retracement: 2147 (0.236 Fibonacci level) Wave 3 Peak: 2430 (1.272 Fibonacci expansion) Wave 4 Trough: 2280 (0.5 Fibonacci level) Potential Wave 5 Targets: 2485, 2540, 2612 (1.272 and 1.618 Fibonacci extensions) This analysis suggests that the current trend is in a strong bullish phase, with Wave 5 having the potential to reach significant Fibonacci extension levels. Keep an eye on these targets for potential resistance points.
OANDA:XAUUSDLong
by joestar95
🥇Gold🥇is Ready to Fall Again🏃‍♂️ Gold is moving near the 🔴 Resistance zone($2,338-$2,318) 🔴and Resistance lines . 📈In terms of Classical Technical Analysis , Gold is completing the Falling Wedge pattern . 🔔I expect Gold to continue falling to the Support lines and 🟢 Support zone($2,272-$2,250) 🟢 at least. Gold Analyze ( XAUUSD ), 4-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.
OANDA:XAUUSDShort
by pejman_zwin
8
GOLD ROUTE MAP UPDATEHey Everyone, Once again another smashing finish to the week with our Bullish targets hit confirmed with ema5 lock to give us plenty of time to get in for the action. Yesterday after getting our lock confirmation above 2313 we confirmed the 2340 gap, which was left open and just fell short and we were looking for it to complete. - This was hit perfectly today followed with a further lock above 2340 opening 2358. Once again perfect hit completing another target a5 2358. We are now seeing ema5 challenge 2358 and will need a lock above to confirm 2390. However, we will now close the week and come back Sunday with our multi time frame analysis, Gold route map and trading plans for the week ahead. Have a great weekend everyone and please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
GOLD-analyze The geopolitical situation is still the biggest topic in the capital market this cycle. Conflicts in various regions in the Middle East are gradually increasing. Israel has launched a full-scale attack on the Gaza Strip. Neighboring countries have also begun to launch countermeasures against Israel. Large-scale conflicts are about to break out. Gold may increase in risk aversion in the future. Emotionally, everyone should be cautious about the temporary weak state. In the U.S. market, no important economic data was released today, and investors continued to pay attention to the speeches of other Federal Reserve officials. In the short term, gold still fluctuates within a range, with no continuity in its rise and fall. For temporary fluctuations, effective trading is mainly short-term, but always pay attention to breakthroughs with unilateral strength. For trading now, you need to set the SL larger. The important support today is around 2298-2303. Buying is still the main focus today. The market changes rapidly. You need to adjust your strategy in time to follow the market trend so that you can ensure a certain profit. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
XAUUSD(Gold): Possible scenarios Hello traders. As you can see the price created the swing high inside the bearish FVG in the premium which is a high probability resistance. In addition, this bearish FVG is aligning with the C.E. of the previous monthly wick. The alternative scenario is, that the price increases to collect the liquidity above the relative equal highs. In this scenario, we are looking for SMT with silver that can be additional confirmation. 💡Wait for the update! 🗓️06/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
FX:XAUUSDShort
by VahidTradingCR
1
Gold is likely to continue to increase strongly todayGold price (XAU/USD) began to increase in price in the US session on May 9, rising to nearly 2,350 USD, after a number of major central banks decided to cut interest rates or signaled the possibility of strong cuts. more in the future. In addition, geopolitical risks along with increased demand from Asian central banks and investors also create momentum for gold. This morning, May 10, world gold continued to increase slightly, currently trading above 2,350 USD. Perhaps this unexpected increase is part of the reason why the domestic gold price reached a new historic peak. The SPDR Gold Shares fund has had no new structural activity for 2 consecutive days, holdings remained unchanged at 830.47 tons.
TVC:GOLDLong
by SantaTradeGold
Today's trading trend, waiting to buyWater was at 2,353.1 USD/ounce, an increase of 30.8 USD compared to yesterday morning. The weakening of the USD has strongly supported the upward trend in the price of the yellow metal on May 9 (US time). Specifically, the US Dollar Index decreased by 0.32% to 105, increasing the appeal of gold to buyers holding other currencies. FXStreet editor Joaquin Monfort said that gold prices rose higher "after a number of major central banks decided to cut interest rates or signaled a willingness to cut interest rates more in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-interest-bearing asset, making it a more attractive investment. Specifically, in Sweden, for the first time since 2016, Riksbank has cut interest rates by 0.25% to 3.75%. In the UK, the Bank of England (BOE) announced to keep interest rates unchanged as many people predicted, but signaled that it will cut interest rates in the near future. The Swiss Central Bank, the Reserve Bank of Australia (RBA) and the European Central Bank have also made similar moves.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD 4H CHART MARKET UPDATEHey Everyone, Our 4H chart is playing out perfectly in true level to level fashion. We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely. Today once again we had the support test at 2313, followed with a bounce of over 250 pips capture, all the way into our resistance level and just short of our target at 2340 - BOOOOM!!! Perfectly inline with our plans to buy dips. Currently we still have a small tiny gap left to 2340 and therefore likely to get hit. We will keep this 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 2313 - DONE EMA5 CROSS AND LOCK ABOVE 2313 WILL OPEN THE FOLLOWING BULLISH TARGETS 2340 EMA5 CROSS AND LOCK ABOVE 2340 WILL OPEN THE FOLLOWING BULLISH TARGET 2358 EMA5 CROSS AND LOCK ABOVE 2358 WILL OPEN THE FOLLOWING BULLISH TARGET 2390 BEARISH TARGETS 2290 EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE SWING RANGE SWING RANGE 2247 - 2221 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
OANDA:XAUUSD
by Goldviewfx
23
XAUUSD 1HR Analysis + Trade Idea It doesnt look like the bulls are giving up just yet, with the inability to push lower or higher gold has been range bound for the last few days whilst respecting the 25% QT support zone and the dynamic ascending support which creates a 4HR bearish flag showing signs of a trend reversal to the upside. Primarily we need to be patient and wait for the correct confirmations to show us bullish signs before looking at possible long entries to avoid being caught out on any possible market structure break. Ideally if breaks the key resistance of 2330 and corrects with a lower high whilst seeing the 25% quarter support rise to match the lower high and a divergence crossover in certain EMA timeframes we could enter a long off the rejection of the risen quarter level.
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
GOLD ROUTE MAP UPDATEHey Everyone, Once again our plans to buy dips played out perfectly with levels being respected!! Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance. Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of our range below for any corrections is allowing us to manage our risk accordingly. 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 2305 - DONE EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS 2321 - DONE EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET 2346 BEARISH TARGETS 2285 EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE SWING RANGE 2259 - 2240 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
OANDA:XAUUSD
by Goldviewfx
18
GOLD : Gold will increase unexpectedly in the near futureAccording to the World Gold Council, first-quarter gold purchases by central banks were the heaviest in history. Some market observers say gold's 12% gain this year is partly driven by central bank demand. According to Goldman Sachs, central banks tend to buy gold in the long term and it is possible that emerging market countries may buy more gold. “Emerging-market central banks are driving the gold rush,” Goldman researchers said. However, their gold holdings still account for only 6% of reserves, half that of developed countries." Gold prices are also driven by demand from Asian investors, especially in China, where demand for gold is growing due to an underperforming economy and gloomy markets. Rising geopolitical risks and conflicts in Ukraine and the Middle East have also boosted gold purchases as a safe haven asset. Spot gold decreased 0.6% to 2,310.34 USD/ounce. The Bloomberg Dollar Spot Index increased slightly. Silver, palladium and platinum all fell in price.
TVC:GOLDLong
by SantaTradeGold
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the chart today buying dips inline with our trading plan and route map. Yesterday we hit our 2305 Bullish target and 2321 confirmed with ema5 lock, giving us plenty of time to get in for the action. We also had ema5 lock above 2321 opening the next range upto 2346. However, it was a big gap and we also needed to consider the retracement range, which is still untested this week so far. Today we remained Bullish from dips and having the gap above gave us the confidence to buy dips today. Please also see our 4H chart below, which also had our first bullish target hit, followed with the support it provided today for the 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. BULLISH TARGETS 2305 - DONE EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS 2321 - DONE EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET 2346 BEARISH TARGETS 2285 EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE SWING RANGE 2259 - 2240 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
OANDA:XAUUSD
by Goldviewfx
14
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1H chart idea playing out, as analysed. We started with our 2305 Bullish target hit followed with ema5 lock above 2305 opening 2321. This was then hit perfectly completing this target with plenty of time to get in for the action. We now have ema5 lock above 2321 opening the next range upto 2346. Its over 200 pip range above and we also need to consider the retracement range is still untested this week so far. 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 2305 - DONE EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS 2321 - DONE EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET 2346 BEARISH TARGETS 2285 EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE SWING RANGE 2259 - 2240 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
OANDA:XAUUSD
by Goldviewfx
16
XAUUSD This correction is far from over. What the US10Y shows.Gold (XAUUSD) completed on Friday the 2nd straight red 1W (weekly) candle for the first time since mid February. That was when the enormous 9 week rally started that only had to show 1 red week. Even though the long-term pattern is a Bullish Megaphone, the bad news for Gold is that this correction may be far from over and the US10Y (orange trend-line) makes a good case out of it. The last time Gold was trading within a Megaphone and started to decline while the US10Y was rising (negatively correlated) was after the May 01 2023 High. As you can see, that was when the yellow metal started a slow and steady decline first to the 0.382 Fibonacci retracement level (where it had its first rebound) and then just above the 0.618 Fib (where it bottomed and started the new Megaphone). Notice how despite the aggressive rise on the US10Y at the time, Gold had a steady decline. Due to having entered a new long-term Bull Cycle, we don't expect it reaching prices this low but technically a pull-back to the 0.382 Fib would be a very healthy correction of the early 2024 rally. As a result our medium-term Target is 2200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
GOLD 1H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2305 resistance and 2285 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2305 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2285 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 2305 EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS 2321 EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET 2346 BEARISH TARGETS 2285 EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE SWING RANGE 2259 - 2240 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
OANDA:XAUUSD
by Goldviewfx
17
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 2313 resistance and 2290 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2313 to further open the range above or a rejection will follow to find support at 2290 retracement range. A cross and lock below the retracement range will open the swing range 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 2313 EMA5 CROSS AND LOCK ABOVE 2313 WILL OPEN THE FOLLOWING BULLISH TARGETS 2340 EMA5 CROSS AND LOCK ABOVE 2340 WILL OPEN THE FOLLOWING BULLISH TARGET 2358 EMA5 CROSS AND LOCK ABOVE 2358 WILL OPEN THE FOLLOWING BULLISH TARGET 2390 BEARISH TARGETS 2290 EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE SWING RANGE SWING RANGE 2247 - 2221 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
OANDA:XAUUSD
by Goldviewfx
8