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GOLD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. more chances on continuation! Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
TVC:GOLDShort
by TheGrove
1
GOLD 4H CHART MARKET UDATEHey Everyone, Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range. This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range. We expect support bounce on each level of the retracement range and now waiting patiently. 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 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 - DONE EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - DONE 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 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
10
XAUUSD Ideal level to start selling.Gold (XAUUSD) is being rejected since Friday right at the top of the emerging Channel Down and that is a Lower High. Even though Gold has officially started a new long-term Bull Cycle, it doesn't mean that the market won't deliver medium-term corrections that are technically much needed in order to get the trend going. Quite the contrary, the current Bullish Megaphone resembles the pattern of November 2022 - May 2023, which after holding the 1D MA100 (green trend-line) half-way through, it eventually topped and broke below it, testing after that even the 1D MA200 (orange trend-line). We will not speculate on such a long horizon but on the medium-term we do see this Channel Down or better yet Bearish Leg of the Bullish Megaphone eventually breaking below the 1D MA50 (blue trend-line) and testing the 0.382 Fibonacci as part of a natural and healthy correction that will attract long-term buyers again and resume the bullish trend. As a result, we turn bearih again today, targeting 2200 (Fib 0.382). ------------------------------------------------------------------------------- ** 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 AND TRADING PLANS 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 levels 2365 and 2346. We have a open gap above at 2365, 2379 Goldturn and below at 2346. We will need to see ema5 lock above 2379 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2346 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 2365 2379 EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS 2393 2408 BEARISH TARGETS 2346 EMA5 CROSS AND LOCK BELOW 2346 WILL OPEN THE SWING RANGE SWING RANGE 2321 - 2305 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 AND TRADING PLANS 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 2389 resistance and 2357 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 2389 to further open the range above or a rejection will follow to find support at 2357. A cross and lock below the 2357 will open the retracement range and a further cross and lock below 2317 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 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 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
6
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