GOLD (XAUUSD): Important Key Levels to Watch This Week 🥇
Here is my latest structure analysis and important key levels to
watch on Gold.
Resistance 1: 2350 - 2357 area
Resistance 2: 2390 - 2405 area
Support 1: 2300 - 2305 area
Support 2: 2250 - 2280 area
Support 3: 2194 - 2222 area
Support 4: 2145 - 2155 area
Consider these structures for pullback/breakout trading.
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Goldsignals
xauusd (GOLD) → IF the blue area will touch get ithello guy...
let’s say it in the first place, it is not a short signal!
as you can see the blue area is a potential area for getting a long position, why?
because it is a S&D area and that specific area is on the flip level!
if the price will retrace to the blue area get a long position right away! the target is the top line of the channel.
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GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Great start to the week with our chart idea playing out perfectly. Once again you can also see how well our algo generated levels are being respected in a range where no one has any existing levels to go by but our averaged levels are being respected like historical levels.
We got our Bullish target at 2338 hit and with momentum also 2353. However, as you can see ema5 failed to cross above 2338 weighted level, as highlighted yesterday confirming the rejection for price to drop into 2324 for support for the bounce.
We may see another attempt at 2338 for a test or failure to re-attempt will open the retracement range for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2278 or 2240 will establish support above these ranges for re-tests on the levels above once again.
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
2338 - DONE
EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS
2353 - DONE
2364
BEARISH TARGETS
2324
2299
EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET
2278
EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE
SWING RANGE
2258 - 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
XAUUSD Bullish extension expected. Unless this level breaks.Gold (XAUUSD) has been trading within a very aggressive (blue) Channel Up, which today hit the top of the logarithmic (dotted) 6-month Channel Up. If it is indeed symmetric with the first Bullish Leg of that Channel Up, then it is close to completing a +10.60% rise which should call for a 4H MA50 (blue trend-line) pull-back.
As a result we expect a quick fall to 2305 and then sharp rebound targeting 2500, for a new Higher High on the (blue) Channel Up. If however the price closes below the 4H MA100 (green trend-line), which has been supporting since February 23 2024, and Support 1 (2270), we will sell for the medium-term and target 2150 (Support 2), near the bottom of the (dotted) 6-month Channel Up, which will be a very comfortable buy entry for the long-term.
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GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between 2324 and 2338 on market close on Friday with 2338 open as a gap. This is a level of resistance and will need ema5 to cross and lock above 2338 to open the range above.
Failure to break the resistance structure will open the retracement range for a test and a further break below the retracement range will see the swing range open. Failure to lock below 2278 or 2240 will establish support above these ranges for re-tests on the levels above once again.
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
2338
EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS
2353
2364
BEARISH TARGETS
2324
2299
EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE SWING RANGE
2206
EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE
SWING RANGE
2258 - 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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price challenge and break 2326 resistance with a body close gap opening to 2348. However, we have a detachment below at 2311 and will need ema5 to lock above 2326 to confirm and solidify the targets above.
We have a retracement range between 2293 - 2274 and a break and lock below 2274 will open the swing range and a further break and lock below the swing range will see the Goldturns tested 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 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
2348
EMA5 CROSS AND LOCK ABOVE 2326 WILL OPEN THE FOLLOWING BULLISH TARGETS
2348
2367
BEARISH TARGETS
2311
2293
2274
EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE
SWING RANGE
2242 - 2218
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 WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey 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.
Our long term swing range gave the perfect swing into hitting all our bullish targets with our last target hit at 2313.
We are now seeing price break out of the channel with a candle body close gap open to 2360.
However, we will need to see ema5 break out of the channel for further continuation above the channel with 2438, as our long range/term target. Failure of ema5 to break outside the channel will see price back into the channel for the channel half line challenge, as the new updated swing range.
We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
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 MN CHART LONG RANGE ROUTEMAP & TRADING PLAN Hey Everyone,
After completing all our long range targets, we are now seeing price break out of the ascending channel. However we will need to see ema5 cross outside the channel to establish another bullish run above.
We also need to keep in mind the detachment below highlighted in circle and 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 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
GOLD (XAUUSD): The Next 2 Resistances 🥇
I have identified 2 potentially important horizontal resistances for Gold,
applying harmonic movements analysis on a daily.
Resistance 1 will be 2350 - 2370 area.
Resistance 2 will be 2390 - 2410 area.
Watch carefully these those,
because we may see pullbacks from there.
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GOLD TRADING PLAN UPDATEHey Everyone,
Quick update from yesterday. We got some retracement during Tokyo session, as expected and then another round off bullish action into our target. We finish off the week with all targets complete across all our chart ideas - BOOOOM!!!!
We will now come back Sunday with our updated Goldturn levels for the new range blue print, targets and trading plans for the coming week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a smashing weekend!!!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD: Will NFP Shift the Tide?In my post from yesterday, I mentioned the possibility of a correction for $OANDA:XAUUSD.
In a subsequent update, I emphasized that while such a correction was likely, traders should consider selling after a new spike above 2300.
Indeed, the price did spike above this level once more, only to drop by 400 pips afterward, precisely to the significant support at 2266.
Now, the question arises: Is the correction for Gold over?
The Non-Farm Payrolls (NFP) report could provide some clarity on this matter.
With the expectation that 200k new jobs will be added, we have two potential scenarios:
1. A NFP significantly better than expected could result in a break below the important 2266 support, in which case, the range of 2220-2225 would come into play.
2. Conversely, if the NFP meets or falls below expectations, we may see a continuation of the uptrend, pushing the price above 2300 and forming a strong support level at 2266.
From a technical perspective, there's currently nothing indicating a deviation from the medium-term bullish trend and bulls seem to have established a strong support level at 2266.
P.S: I'm out of the market at this moment, but, my gut feeling tells me an in line with expectation NFP and a continuation to the upside. I will update the idea after the announcement.
Regards!
Mihai Iacob
Gold NFP signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now Sell 2293
Target 2289
Target 2285
Target 2280
Target 2270
Target 2250
SL 2318
🗺️Gold Roadmap🗺️🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡 and near the upper line of the Ascending Channel.
🌊According to the Elliott wave theory , Gold seems to have succeeded in completing main wave 5 .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to have a downward trend in the coming hours and at least decrease to the Support line and Uptrend line .
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.
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GoldViewFX - Gold MN CHART TRADING PLAN UPDATEHey Everyone,
After completing all our multi timeframe analysis on the 1H, 4H and daily chart our final monthly chart target was the last one standing.
Last week we stated that after hitting 2235 target we were looking for our long term target at 2296 for the extended range target.
- This was hit perfectly completing this chart idea!!!
We now have a detachment to ema5 below and channel top to form support and therefore expect some correction. 2235 and 2163 are mid term correctional areas.
However, 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
GOLD (XAUUSD): Signals Of Slowing Momentum?! 🥇
Many of you asked me to share the updated analysis for Gold.
Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum:
after a strong bullish impulse that the price formed last week,
we see a contracting price action within a rising wedge pattern.
The price managed to reach 2300 - an important psychological level.
After its test, the market found equilibrium and formed a doji candle.
Today we see a some pullback.
Weakening US Jobs data release may have a bearish effect of the market.
I believe that a bearish violation of a support of the wedge can be a confirmation
of an initiation of a correctional movement.
I do not recommend selling though because it is obviously too risky from a current perspective.
Not only that, but I would rather look for a pullback to then buy the market from a safe level.
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XAUUSD New Bull Cycle mapped! Approaching first Resistance Zone?Gold (XAUUSD) has technically started its new Bull Cycle after breaking above the Resistance and previous All Time High (ATH) into green overbought territory. Being overbought in such instances isn't necessarily bearish but suggests that even though the long-term trend is now heavily bullish (and should be for the next year or so), we should look for key Resistances to offer relief pull-backs.
As you can see on this 1W chart, there are strong similarities of the current Cycle (both Bear and Bull) with the previous one (June 2016 - August 2020). The Bear Cycle's come in the form of Cup patterns, while the Bull Cycles start on Channel Up patterns at the bottom of the Bear ones. During the previous Bull Cycle, the 1W MA50 (blue trend-line) has supported all the way from its bullish break-out (December 24 2018) until deep into the next Bear (February 01 2021).
Right now the 1W MA50 has been supporting since October 09 2023, which is shortly after the dashed Channel Up started. That is an important pattern as it currently has a maximum upside to 2350 for a Higher High. The dotted Channel Up on the contrary, which was initiated at the bottom of the Bear Cycle has already touched its Higher High.
This means that Gold's new Bull Cycle is facing its first significant Resistance Zone of the current run: 2300 - 2350. Relative to the previous Bull Cycle, Gold had it's first Resistance rejection on August 26 2019, making a Higher High and started to pull-back for almost 100 days (3 months). As the current bullish trend is significantly stronger than the 2019 one, the dashed Channel Up being narrower, I doubt that Gold will correct for that long, but on the next red 1W candle, we have to consider the possibility for a short-term correction.
The August 2019 one pulled as low as the previous High before the rejection (bold black line). This suggests that 2220 - 2200 is Gold's floor at the moment and shouldn't be broken. Back to its overbought status, the 1W RSI gives a clear indication of that. Once it starts reversing inside an Arc pattern, we will confirm the correction we're discussing now. And after it forms systematically Lower Highs on quarterly intervals, we can expect by the 3rd Lower High to be close to the Top of the Bull Cycle.
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** 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. **
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Gold- Will it "see" 2.3k today?
Yesterday, after initially rising to 2277, the price began to correct. Following an initial drop to support, bulls regained control during the US session, closing the day with yet another all-time high for $OANDA:XAUUSD.
During the Asian session last night, once again, the initial drop was met with strong bids, leading to a quick price recovery. These occurrences signal significant buying power and suggest a high likelihood of an upward continuation.
From a technical standpoint, as long as the price remains above yesterday's low of 2250, bulls need not worry, and the strategy of buying dips should persist. Interim support is situated at 2277, followed by the important level of 2267.
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Please see our 4H chart idea update, which was completed perfectly today hitting all our targets.
First we had ema5 cross an lock above 2218 to open2238 and 2253, which were both hit perfectly earlier this week. Followed with a further lock above 2253, which opened 2269 and 2288 - BOTH HIT PERFECTLY FO RTHE FINISH!!!!
We will now look at our monthly chart update for the final extension to the range before we use our algo to generate new Goldturn levels for this upper range for the rest of the week.
Our updated levels and weighted levels allowed 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
2238 - DONE
EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS
2238 - DONE
2253 - DONE
EMA5 CROSS AND LOCK ABOVE 2253 WILL OPEN THE FOLLOWING BULLISH TARGETS
2269 - DONE
2288 - 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
Xauusd up Gold price turns red for the first time in six trading days ahead of US jobs data on Tuesday. US Dollar rebounds on pared June Fed rate cut bets after sold ISM Manufacturing PMI.
Should Gold buyers regain upbeat momentum, a retest of the all-time high at $2,266 will be in the offing, followed by the $2,270 round number.
The next on Gold buyers’ radars will be the $2,300 psychological level.
Gold now buy 2260
Target 2300
SL 2230