XAUUSD Possible consolidation for the whole Summer.Gold (XAUUSD) is seeing strong selling this week following Monday's High, which was also an All Time High (ATH). The rejection took place very close to the Higher Highs trend-line that started back in early 2023.
So far this is just a technical pull-back to test the 1D MA50 (blue trend-line) for the first time since February 29, and not a stronger correction. Both the price action though and the 1D MACD patterns, resemble the trading sequences of April - May 2023 and November - December 2023. After the Higher High top, they both turned sideways for 3 months and both hit the 1D MA100 (green trend-line). The April - May 2023 even dropped lower but the September 2023 correction was done on fundamentals and not technical reasons.
As a result, we expect the next three months, i.e. the whole Summer to be at least a sideways price action/ consolidation, which by mid July may make contact with the 1D MA100. What this tells us is there will be opportunities to buy low and sell high in order to make profit on the medium-term.
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👇 👇 👇 👇 👇 👇
Goldsignals
GOLD 4H CHART MARKET UPDATEHey Everyone,
Our 1H chart update yesterday completed the bullish targets followed with the drop shared yesterday completing the bearish targets. We got the swing range bounce, as part of our plans to buy dips and now broken the swing range on the 1h chart.
However, Switching to our 4h chart, we can see after completing all our bullish targets, we got the cross and lock below 2379 opening the 4h swing range, which was also hit today and now testing for support. We are also likely to see our bounce like our 1H chart for a 30 to 40 pip catch.
This area is a crucial test of support. A break and lock below the swing range will open the range below or support here will follow with a retest above at 2379.
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
2418 - DONE
EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438 - DONE
POTENTIALLY 2453
BEARISH TARGETS
2400 - DONE
2379 - DONE
EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE
SWING RANGE
2357 - 2334 - 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
🚨Gold is Ready to Go Down🚨_Can Gold make New ATH again❗️❓✅ Gold managed to create a New All-Time High(ATH) at the beginning of the week.
🏃♂️Currently, Gold is moving near the 🔴 Resistance zone($2,450-$2,426) 🔴.
🌊According to the Elliott wave theory , Gold has succeeded in completing main wave 5 by the Ending Expanding Diagonal .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to continue falling to at least the 🟢 Support zone($2,373-$2,353) 🟢.
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 Analysis🥇➡️RR=2.00✅As I expected, Gold moved towards the 🟢 Support zone($2,373-$2,353) 🟢.👇
🔔I expect Gold to move towards the 🔴 Resistance zone($2,450-$2,426) 🔴 (At least).
Gold Analyze ( XAUUSD ), 15-minute 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 1H CHART ROUTE MAP UPDATEHey Everyone,
A big move down on gold today from the rejection at 2429. Yesterday we stated we
were looking for ema5 to break either 2429 or 2413 level to open the next range.
Today we got the break below 2413 opening the full retracement range like we said and this played out perfectly hitting the retracement range.
We now also have a cross and lock below the retracement range opening the swing range. We are seeing the first level of the swing range tested now and expect support bounces here.
We took buys earlier before the break below and took an SL after a long a time and now will use the dips to manage back.
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
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458
BEARISH TARGETS
2413 - DONE
2401 - DONE
2390 - DONE
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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-Wednesday Analysis
The Fed will release minutes from its April 30-May 1 meeting on Wednesday, which may reflect more concerns about higher-than-expected inflation in the first quarter, as the meeting was held before the release of last week's consumer price inflation report. The Fed said at the meeting that it still prefers to eventually lower borrowing costs, but acknowledged that disappointing inflation data may delay rate cuts for a while. The minutes may also provide more details on the Fed's plans to slow the reduction of its balance sheet. It is worth mentioning that geopolitical concerns seem to have eased, with Israel reportedly reportedly reaching an agreement with the United States to shelve plans for a large-scale offensive against Rafah. But investors still need to pay attention to news related to the geopolitical situation.
The highest reached around 2450 on Monday and fluctuated between 2433-2416 on Tuesday. Although it is not certain that 2450 is definitely the short-term top of gold, it is certain that it is difficult to break through. Yesterday, 1D closed with a red candle, which means that it is not an absolute strong rise at present.
If it reaches 2433-2436, you can choose to sell, SL: 2442, if you want to buy, you can wait for 2387-2392
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
What if you don't know how to trade? Join me as I analyze and provide ideas every day
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today with our trading idea playing out level to level.
After hitting our bullish targets yesterday we expected play between 2413 Goldturn and 2429 Goldturn. We used the 2413 Goldturn today to buy dips inline with our plans for the week.
We are now looking for ema5 to break either level to open the next range. A break below 2413 will open test to the full retracement range or a break and lock above 2429 will re-engage the upper range again, keeping in mind we have a extended range open above.
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
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458
BEARISH TARGETS
2413 - DONE
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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-Tuesday Analysis
There was no US economic data released on Monday and Tuesday, but the tension in the geopolitical situation had a great impact on the financial market. Iran confirmed that its president had been killed, which undoubtedly added many uncertainties to the unstable Middle East. Although the helicopter crash has not yet been resolved, if it is confirmed, the Middle East will continue to be on the brink of war. Geopolitics is also the biggest support for this round of gold price rise.
According to the trend of gold falling from highs, 2450 points may be the top, but it still needs to be confirmed. If it fluctuates at a high level on Tuesday and the daily closing is a red candle, then 2450 may be the top of this week. On Wednesday and Thursday, there is room for a big drop. Therefore, for the time being, Tuesday's market is regarded as a range fluctuation, and you can sell high and buy low within the support and resistance points. From a technical point of view, the unilateral moving average support of the daily cycle is 2405 and 2375, and the Bollinger middle rail support of the H4 cycle is 2405. In other words, as long as it falls below 2400 points in the near future, it can be basically determined that gold has peaked at 2450 this week, and the probability of a decline in the later period will increase.
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
What if you don't know how to trade? Join me as I analyze and provide ideas every day
XAUUSD Short-term Channel Up.Gold (XAUUSD) is trading within a short-term Channel Up pattern since the May 03 Low, essentially throughout the whole month, and currently the price is consolidating below the 1H MA50 (blue trend-line).
Such consolidation within the 1H MA50 and the 1H MA100 (green trend-line) took place on every single Higher Low formation at the bottom of the Channel Up. At the same time, the 4H RSI hits its Higher Lows trend-line.
The minimum Bullish Leg % within this Channel Up has been +2.44% and the maximum +3.35%. As a result, we turn bullish now on Gold with a 2465 - 2485 Target Zone.
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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 1H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out perfectly hitting our first bullish target on the chart idea at 2429 followed with the cross and lock above 2429 opening 2442, which was also hit perfectly.
We now have only our potential extended gap above at 2458 left but we only plan to take from dips, as part of our strategy.
We were able to use the dips below at our bearish target 2413 to catch the buys and now riding with trail protected.
We need to also keep in mind the retracement gaps below at 2401 and 2390 weighted support level 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
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458
BEARISH TARGETS
2413 - DONE
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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
SILVER (XAGUSD): Massive Breakout 🪙
Silver went up rapidly on Friday,
violating a massive psychological resistance cluster.
With a high probability, the broken structure turned into support.
The market has a nice potential to go higher after a pullback.
Next resistance - 34.0
❤️Please, support my work with like, thank you!❤️
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.
GOLD 1H CHART ROUTE MAP AND TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test resistance at 2413 with already price close above it leaving gap to 2429. However ema5 cross will further confirm this, as a target.
We now have gaps between both support and resistance weighted levels. Gap above at 2429 weighted level and gap below 365, 2379 Goldturn and below at 2401 and 2390 weighted support level.
We will need to see ema5 lock above 2429 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2390 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
2413
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442
2458
BEARISH TARGETS
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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 AND TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2418 resistance and 2379 is the weighted support for this range and we have the correctional retracement zones in-between. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2418 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2379 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
2418
EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438
2453
BEARISH TARGETS
2400
2379
EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE
SWING RANGE
2357 - 2334
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 MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened 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
LAST WEEKS 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.
CURRENT UPDATE
We got the test at 2421 completing the gap from last week and our monthly chart idea and now the detachment below has also moved up with the momentum of the movement last week closing the gap further like we said above. We now only have 2483, as our long term extended target on this chart idea left.
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
GOLD-uptrend
U.S. consumer prices rose less than expected in April, suggesting inflation resumed its downward trend at the start of the second quarter, boosting financial market expectations for a September interest rate cut. At the same time, under the influence of the market, the US dollar fell sharply, providing greater impetus to gold’s rise. Today, we will pay attention to the changes in the number of initial jobless claims in the United States and the performance of real estate market data. Pay attention to the monthly rate of U.S. industrial output in April and the speeches of Federal Reserve officials, and pay attention to news related to the geopolitical situation.
The current gold price is a very obvious strong rise. It has just risen sharply during the cycle and gradually broke through the upper high point. If there is no unexpected data and news on Thursday and Friday, the possibility of reversal is unlikely, so now it is rising. Trend, follow the trend, wait for the support point to buy and the probability of profit is higher.
You can see that 2378 is the turning point of strength and weakness. You can buy at 2378-2380 and set SL. If it falls below 2375, gold will change the pattern of strong rise and turn into a shock and slow rise.
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
What if you don't know how to trade? Join me as I analyze and provide ideas every day
GOLD MARKET UPDATEHey Everyone,
I don't to really have to say anything as the chart is doing all the talking!!!
Our chart idea has played out perfectly with only our last target in the range to complete 2408, which was hit perfectly today completing this chart idea.
Our targets gave us plenty of chances to get in for the entries form every dip using our weighted levels, as part of our plans to buy dips.
BULLISH TARGETS
2365 - DONE
2379 - DONE
EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS
2393 - DONE
POTENTIALLY 2408 - DONE
BEARISH TARGETS
2346 - DONE
2337 - DONE
We will now come back once again on 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 smashing weekend!!!
Mr Gold
GoldViewFX
GOLD (XAUUSD): 2 Bullish Patterns 🥇
After a breakout of a solid horizontal resistance on a 4H,
Gold is retesting that today.
Approaching the underlined area, the price formed 2 bullish patterns:
a falling wedge pattern and a double bottom.
2 bullish breakouts: a violation of a trend line of the pattern and a neckline,
indicate the strength of the buyers.
We can anticipate more growth today at least to 2391
❤️Please, support my work with like, thank you!❤️
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Please see our updated 1H chart we have been tracking since Sunday with only the retracement range Goldturn updated with current data.
Our chart idea has played out perfectly inline with our plans to buy dips with the move up from the retracement range all the way into hitting all our Bullish targets we highlighted on Sunday.
2408 is our final potential target but not one to chase all the way that's why we always state the extended target as potential. However a retest on the 2393 Goldturn with a cross and lock will solidify this target.
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 - DONE
2379 - DONE
EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS
2393 - DONE
POTENTIALLY 2408
BEARISH TARGETS
2346 - DONE
2337 - DONE
EMA5 CROSS AND LOCK BELOW 2337 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