Goldsignals
XAUUSD Failed to reclaim the 4H MA50. Strong decline ahead.We expand on our April 15 idea (see chart below) on Gold (XAUUSD), where we discussed the 'necessity' for a medium-term technical pull-back based on its 5-year Cycles:
As you can see that correction happened and the new Bearish Leg of the long-term Bullish Megaphone is well underway. The price got rejected both yesterday and on Friday on the 4H MA50 (blue trend-line), while forming the first 4H MA50/100 Bearish Cross since February 13 2024.
We expect the 4H MA200 (orange trend-line) to be tested shortly but the correction shouldn't stop there. It will either take the long way within the dashed Channel Down towards 2200 or hit that level earlier within the more aggressive blue Channel Down that will seek the dashed bold Higher Lows trend-line. Either way, our medium-term Target is 2200.
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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing once again in true level to level fashion!!
Price was sitting between two weighted levels, 2354 resistance and 2327 support and we were looking for either weighted level to break and lock to confirm the next range.
We got our bearish target hit first at 2327. No lock below confirmed the rejection and gave the perfect bounce inline with our plans to buy dips for a nice clean catch.
Our Bullish target at 2354 remains open and, as stated yesterday; we are looking for either the 2354 Goldturn resistance or 2327 Goldturn support to cross and lock to open the next range.
We also need to keep in mind our 1H chart idea has broken support and left the range below open, which we need to keep in mind during the week when planning our buys from dips.
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
2354
EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386
EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429
BEARISH TARGETS
2327 - DONE
EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313
2294
EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE
SWING RANGE
2274 - 2245
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
XAUUSD Forecast
This chart depicts the price movement of Gold Spot in relation to the U.S. Dollar over a period of time, likely on a one-hour timeframe based on the label. Here's a summary of the chart analysis:
The chart shows a pattern resembling a rising wedge formation, characterized by converging trend lines sloping upwards.
Within this pattern, there's a series of higher highs and higher lows, indicating an overall bullish trend.
However, towards the right end of the chart, there's a suggestion that the price might break below the lower trend line of the wedge, potentially indicating a reversal of the previous bullish trend.
The annotation on the chart suggests a potential projection of the price movement, anticipating a decline following a possible breakout below the wedge pattern.
This projection is speculative and depends on various factors such as market sentiment, economic events, and geopolitical developments.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSDGold time frame 4 hours
According to our analysis, we expect the price to reach our range and wait for the price reaction from there. In the 4-hour time frame, the trend has changed, so short trades have a higher percentage of profit than long trades. It is better to enter short trades to reach a strong demand range.
GOLD 1H CHART ROUTE MAP FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2351 resistance and 2333 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 2351 to further open the range above or a rejection will follow to find support at 2333. A cross and lock below 2333 will open the retracement range and a further cross and lock below 2316 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
2351
EMA5 CROSS AND LOCK ABOVE 2351 WILL OPEN THE FOLLOWING BULLISH TARGETS
2368
EMA5 CROSS AND LOCK ABOVE 2368 WILL OPEN THE FOLLOWING BULLISH TARGET
2388
POTENTIALLY 2408
BEARISH TARGETS
2333
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE RETRACEMENT RANGE
2316
EMA5 CROSS AND LOCK BELOW 2316 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2278
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 2354 resistance and 2327 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 2354 to further open the range above or a rejection will follow to find support at 2327. A cross and lock below 2327 will open the retracement range and a further cross and lock below 2294 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
2354
EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386
EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429
BEARISH TARGETS
2327
EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313
2294
EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE
SWING RANGE
2274 - 2245
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 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.
Last week we were seeing price test the updated Goldturn ascending channel top and stated that we were likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to retest 2418 and 2504 long term.
As stated we saw the retracement take place and the price test support at at 2325 Goldturn inline with the channel half line. Ema5 5 remained above 2325 confirming the bounce, which we were able to track and trade using our smaller timeframe. A break below the 2325 Goldturn support level will complete the full channel half line test and the potential for a break and lock below the half line to open the levels below until we track to the bottom of the channel or rejection back to re-test the top.
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 PROJECTIONHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.
So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.
LAST UPDATE
Price has maintained above the channel with our final long range target at 2438 still remaining. The extended levels 2475 and 2511 will only activated once we see a close above 2438 .
We would also like to see the price retest support above the channel top also inline with the ema5 detachment highlighted with the circle for a correction. Should price break back into the channel while correction then we will look for price to respect the levels int he channel once again for the bounces inline with our plans to buy dip level to level using our small time frames.
CURRENT UPDATE
This played out perfectly with the test at support above the channel top and detachment to ema5 that we highlighted followed with the perfect bounce allowing us to buy multiple dis using our smaller timeframes throughout the week.
We will continue with this plan until we see a further push up into the levels above or we see price break back into the channel for a further correction for price to respect the levels in the channel once again for the bounces inline with our plans to buy dip level to level using our smaller times.
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 AUTHO
GOLD (XAUUSD): Detailed Structure Analysis For Next Week 🥇
Here is my latest structure analysis and important key levels
to trade on Gold next week.
Resistance 1: 2354 - 2360 area
Resistance 2: 2392 - 2432 area
Support 1: 2215 -2264 area
Support 2: 2194 - 2222 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD BUY | Idea Trading AnalysisHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GOLD long
! Great BUY opportunity GOLD / XAU
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 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GOLD FOR MONDAY 29-APR-24high rick with high reward
control your emotional when entry the market and believe in your analyst skill
BEWARE OF SCAMMER & FAKED ACC ‼️
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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today buying dips from our Goldturn levels with plenty of opportunity to milk the range.
After tracking and trading the movement level to level all week using our cross and lock confirmation, yesterday we stated that we will now need a body close above 2326 to open retest to 2354.
- We got the close above 2326 and followed with a nice bounce of over 150 pips to catch and just short of our 2354 level. Gap still remains open and we will keep this in mind when taking buys from dips.
We will now come back Sunday with our multi timeframe 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
Mr Gold
GoldViewFX
🥇Gold Analysis🥇Is Ready to Go Down Again(➡️RR=3.16)🏃♂️ Gold is moving in the 🟢 Support zone($2,327-$2,302) 🟢 and managed to break the Uptrend line and the Support line yesterday.
🌊According to Elliott's wave theory , Gold seems to be completing wave 4.
🔔I expect wave 4 to finish near the Resistance lines and 🟡 Price Reversal Zone(PRZ) 🟡, and Gold will start to decline again and break the 🟢 Support zone($2,327-$2,302) 🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2329.417 (Limit Order)
⛔️Stop Loss: $2347.180
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 3.16
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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XAUUSD
🔴Position: Short
✅Entry Point: $2315.678 (Stop Limit Order)
⛔️Stop Loss: $2340.320
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 1.72
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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⚠️Please be Ready for Both positions; when one of the active, another will cancel.⚠️👆
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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.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see our 4H chart update from Sunday with just our swing range updated.
We had our Bullish target hit at 2389 start of the week followed with no ema5 lock above, confirming the rejection into the bearish target.
Bearish target at 2354 was hit followed with a cross and lock below this level opening the retracement range at 2326, which was hit perfectly. A further cross and lock below the retracement range opened the levels below hitting our 2294 Goldturn level for the perfect bounce. This was supported at our first level into the updated swing range and now need to keep in mind the full swing range is still open.
We will now need a body close above 2326 to open retest to 2354. Ema5 lock will further confirm this.
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 - DONE
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
BEARISH TARGETS
2354 - DONE
EMA5 CROSS AND LOCK BELOW 2354 WILL OPEN THE RETRACEMENT RANGE
2326 - DONE
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE SWING RANGE
SWING RANGE
2294 - 2274
2294 - DONE
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