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
Goldsignals
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.
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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.
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GOLD FOR MONDAY 29-APR-24high rick with high reward
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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
XAUUSD. Zones for intraday trading 04/24/2024During the day I trade from these levels.
The history of level development can be seen in my previous posts. They cannot be edited or deleted.
Levels are drawn before the European session, based on volumes. Used as interest levels for intraday trading. When returning to the level, a “reaction” is expected, which can be traded both for a rebound from the level and for a breakdown of the level. The worst option is if we revolve around the level in a flat.
TV does not allow publishing timeframes smaller than M15. It is more convenient to look at reactions to levels and search for entry points on m5-m1.
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GOLD-analyze
What everyone needs to pay attention to in the near future is further news on the situation in the Middle East and economic data from the United States. The geopolitical situation has slowed down. For the time being, Israel, Iran, and Hamas have no radical actions or battle plans. The market is a little calm, and the safe haven of gold is not so obvious. In terms of U.S. data, all data are looking for a slowdown in the U.S. economy. There is no clear result yet on the plan that will be enough to further reduce inflation. Today we need to pay attention to the performance of the initial monthly rate of durable goods orders in the United States in March. The current market expectation is for a month-on-month increase of 2.5%, which is slightly negative for gold prices.
Yesterday, gold reached a low of 2291 and closed at 2322, indicating strong support below. Today we will temporarily treat it as a range, with a large range of 2290-2350 and a small range of 2300-2344.
Above 2300, gold is still in an upward trend, but it is a weak trend, so buying is still the main trend, and selling needs to be cautious.
I marked the support and resistance on the chart. You can buy in the support range or sell in the resistance range. Arrange your transactions reasonably according to your own funds.
If you don't know how to trade, join me and I will analyze it every day
Xauusd buy Gold News: Read the Latest Analysis on XAU/USD
Gold Price: Current Pricing, Prices Chart & Rate Graph
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 buy 2329
Target 2333
Target 2337
Target 2341
Target 2360
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our Goldturns respecting level to level.
Yesterday we stated that each of the Goldturns within the open swing range gave bounces inline with our plans to buy dips and now heading to 2333 for a test of resistance previously support.
- This played out perfectly with 2333 hit today. 2333 is now acting as resistance and will need a cross and lock to open the range above otherwise a rejection here will see further tests within 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
2393
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2422
2440
AND POTENTIALLY 2454
BEARISH TARGETS
2371 - DONE
EMA5 CROSS AND LOCK BELOW 2371 WILL OPEN THE RETRACEMENT RANGE
2355 - DONE
2333 - DONE
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE SWING RANGE & LEVELS WITHIN
2312 - DONE
2289 - DONE
SWING RANGE
2278- 2258
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 Analysis (24th April 2024)
Market Analysis PT1/2 (24th April 2024)
XAUUSD Analysis
On the 1 hour timeframe, Price action has rejected off a daily orderblock couple with a weekly bullish Fair value gap, creating a bullish Change of Character to the upside.
This means that there could be potential intentions of price creating a potential bullish market structure shift on gold, allowing gold to continue bullish on the daily timeframe.
Currently the 1 hour has created a bullish FVG, which hasnt been tested. So ideally i am looking for price to come into the bullish FVG before looking for 5/15 minute confirmation using a bullish change of character to continue higher.
However, if price breaks below the FVG and breaks the 2291 level, that price still has ways to go to the downside and i will be looking for continuation shorts.
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Yesterday we had EMA5 cross and lock below 2371 opening the retracement range 2355 and 2333.
- Both levels were hit.
Today we had the lock below 2333 opening the swing range levels below, which we said will allow us to buy dips on bounces on the Goldturns.
- Each of the Goldturns withing the swing range gave nice bounces inline with our plans to buy dips. Once again our precision entries allowed us to bank pips from the bounces now heading to 2333 for a test of resistance previously support.
We need to also keep in mind the full swing range open and the range is now extended when planning to buy dips against the short term trend.
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
2393
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2422
2440
AND POTENTIALLY 2454
BEARISH TARGETS
2371 - DONE
EMA5 CROSS AND LOCK BELOW 2371 WILL OPEN THE RETRACEMENT RANGE
2355 - DONE
2333 - DONE
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE SWING RANGE & LEVELS WITHIN
2312 - DONE
2289 - DONE
SWING RANGE
2278- 2258
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-Range trading
A survey released by the Federal Reserve on Wednesday showed that U.S. economic activity expanded slightly from late February to early April, and companies said they expected inflationary pressures to remain stable, continuing a recent trend that has prevented the Fed from cutting interest rates. In terms of the geopolitical situation, the United States, the European Union and the Group of Seven (G7) have all announced plans to consider imposing stricter sanctions on Iran. The outside world believes that this is to appease Israel and persuade it to restrain its retaliatory actions against Iran. Today, we will focus on the changes in the number of initial jobless claims in the United States and the annualized total of existing home sales in the United States in March. We will also pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation.
The current high of gold is at 2431, and the lowest has fallen to around 2324. It is currently oscillating above 2300, and the market has no continuity. I think that only when gold falls below 2300 can we judge whether the upward trend has changed, and when it falls below 2272, we can confirm that it will be in a downward trend.
Now we can sell high and buy low within the range. The large range is 2320-2405 and the small range is 2348-2398. The current daily fluctuation of gold is 30-40 US dollars. The above is the standard for trading.
The upper 2392-2398 is yesterday's resistance range, and the lower 2340-2350 is the support range. Arrange positions reasonably according to funds. Gold changes quickly. You need to change your strategy in real time according to the trend. The above is for your reference.
Follow my trading strategies to greatly increase your trading success rate, so that you can make profits through trading
XAUUSD Technical profit taking started.Last week (April 15, see chart below), we discussed the 'necessity' of Gold (XAUUSD) for a medium-term technical pull-back based on its 5-year Cycles:
As you can see, we did get indeed the expected rejection at the top on Friday and this week we have started with almost a -5% already. The 1D RSI Double Topped on overbought territory and now is on a Lower Low. This RSI pattern since the October 06 2023 Low is very similar to the sequence that started on November 03 2022. As you can see on both occasions, Gold traded on Bullish Megaphones.
The 2022/23 Megaphone hit the 0.382 Fibonacci retracement level and the 1D MA100 (green trend-line) once its RSI started printing the correction sequence it has now. In fact the 1D MA100 provided the last bounce on both Megaphones (February 14 2024 and March 09 2023).
As a result, we remain bearish on Gold, targeting 2200 (0.382 Fib and potential contact with the 1D MA200) on the medium-term. Ideally, the best level to buy again for the long-term would be when the 1D RSI hits the oversold barrier (30.00) again, but until then we will follow up with many updates.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
🥇Gold Analysis🥇(➡️RR=2.05)🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢.
📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns .
🌊According to the theory of Elliott waves , it seems that Gold has managed to complete wave 5 at $2,431.59 (All-Time High(ATH)) , and we should wait for corrective waves .
🔔I expect Gold to fall at least to the Uptrend line , the Support line , and the next 🟢 Support zone($2,328-$2,303) 🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2368.237 (Limit Order)
⛔️Stop Loss: $2385.680
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 2.05
⚠️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: $2360.121(Limit Order)
⛔️Stop Loss: $2374.320
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 1.94
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
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.