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This week's gold trading strategyThis week's gold trading strategy, be able to understand and follow, there will be a 50% profit this week! News: Everyone knows that the US Federal Reserve cut interest rates some time ago, which added a fire to the entire gold market. In addition, the global geopolitical conflict has ignited the entire gold market, causing the price of gold to reach 2700!For all of us traders, what we want to know most is which direction the market should go next. First of all, the news is that the United States has cut interest rates, and the impact of geopolitical risks has been almost digested by the market, so it is a bit difficult for gold to hit the high point! In addition, after the U.S. interest rate cut, it will definitely focus on economic development, so the U.S. economy will improve next, so the dollar index will rise, and the price of gold will also fluctuate and fall! So I judge that in the next week or so, the gold market will fluctuate and fall! Technical aspects: You can see that the candlestick chart of gold is currently in a downtrend channel. Although it has broken through the top of the uptrend channel, it is not a real technical breakthrough. It is caused by today's US data ‘ISM Manufacturing PMI for September'. Gold will return to the trend next, so it is best to go short at a high level, but go long at a low level in the trend! News forecast: U.S. ADP employment in September (10,000 people)-bearish gold U.S. non-farm payrolls after September quarter-adjusted (10,000 people)-bearish gold This week's point strategy: 2670 short, 2675 increase position 2620 go long, 2615 increase position If you want to see specific trading signal strategies, please consult in the comments area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
1
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the chart today with price finding support just above the retracement level and then hitting 2650, as highlighted on the chart and now heading towards the 2674 Bullish target. We will need to wait for ema5 cross and lock above 2674 to confirm the range above or failure to lock above will see price test the lower Goldturns again and the weighted Goldturns for the bounces. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2674 EMA5 CROSS AND LOCK ABOVE 2674 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 POTENTIALLY 2716 BEARISH TARGETS 2650 - DONE EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2620 EMA5 CROSS AND LOCK BELOW 2620 WILL OPEN THE SWING RANGE SWING RANGE 2588 - 2558 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
XAU/USD : Be Ready for Another Correction! (READ THE CAPTION)By analyzing the gold chart on the 30-minute timeframe, we can see that yesterday, as expected, the price finally dropped to $2624. After reaching this key demand level, it experienced a bullish move and has risen over 250 pips to $2650 so far. The $2651 to $2656 range is a key supply zone, and I expect a price correction once it reaches this area. Keep an eye on the price reaction at this level! (This analysis will be updated) Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
17
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, I wanted to start the week with an update on our weekly chart idea shared yesterday. We stated and highlighted the detachment below for the correction and we also advised that we were looking for are-test on the channel top. We are looking for support above the channel top for a bounce and continuation. However, as stated yesterday; If we get a break inside the channel then we will track the movement with the levels highlighted within the channel and our smaller timeframe chart ideas to track the movement down and catch the bounces up. If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET. The overall structure still remains Bullish, we just need to manage swings inline with corrections, which are always likely after a strong bull run.. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we wanted to short from the 2630-35 region into the lower levels, which worked but we only managed to get 2613 when we wanted 2610. Ideally, we wanted lower to then access the price action and look for the long, however, that long came early and we managed to capture the move both down and then up completing our bias target levels plus the extra pip capture into the highs to end the week. A great week not only on gold but we completed 32 targets giving our traders a phenomenal pip capture across the markets. Nice, easy, clean trading! So, what can we expect in the week ahead? We've had some more geopolitical news over the weekend so there is a chance that we will see some opening gaps on the markets. We also have NFP this week, so towards the end of the week can expect the usual pre-event price action and ranging to form. Now, due to us expecting these potential gaps, best practice is to let Monday early session do what it needs to do, instead plot the levels and look for the RIPs to capture the scalps, ideally on the red boxes. We have the immediate levels above at 2665/7 resistance, which is a crucial level price needs to reject to continue the move downside! For that reason, we are giving a bias level of bearish below 2670 provisionally with an extension of the move into 2675 which is the flip. If we attack these levels, and get the reaction we need, we feel these levels will represent opportunities to short into the lower levels 2650-55 and below that 2630-35. If broken above, we get that flip and we’ll be looking to target that 2701 level and above that we have 2707, which is where we may get further opportunities to attempt the short again. Important: There is an extension of this downside move, and it’s below our bias level bullish above 2630-35. Oddly enough, we also have an Excalibur target sitting down there active! We will want to see how the market opens and what they do in the early session before we make up our minds on that move. NFP could through a spanner in the works for traders! For now, we’ll stick with the above and as usual we’ll update traders through the week. Look out for KOG’s bias of the day, KOG’s red boxes and the indicator levels which are published for the wider community. KOG’s Bias for the week: Bearish below 2670 with targets below 2650 and below that 2635 Bullish on break of 2675 with target above 2685 and above that 2701 RED BOXES: 2665 break above for 2672 / 2685 / 2701 / 2707 2650 break below for 2635 / 2624 / 2620 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
5
GOLD's Situation: What Shall we Expect !!!FOREXCOM:XAUUSD In the past days, gold was able to successfully break the ascending triangle and grow well, but now, as you can see, gold formed a rising wedge pattern after the breaking of the ascending triangle, which finally broke this pattern, and now I expect it according to technical analysis. The price will fall to the support area and then grow up. in close view (1h) ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
FOREXCOM:XAUUSDShort
by CobraVanguard
Gold, is rally over?Gold Market Analysis: Gold has been in a strong rally since the beginning of the year, with only one minor negative month interrupting an otherwise consistent upward trend. Over the past year, the rally has been quite aggressive, but given the current market conditions, I would refrain from considering long-term positions at this point. Instead, short-term scalping or intraday trades seem to offer better opportunities for this instrument. Technical Outlook: From a technical perspective, XAU/USD appears to be in a range-bound market. Recently, we’ve seen a deviation from the bottom of this range, and the price has moved into a 1-hour Fair Value Gap (FVG). If there’s no significant reaction within this area, the next target will likely be the 4-hour Order Block (OB). At that point, it will be crucial to monitor the market’s reaction. If the price breaks above the 4-hour OB, we could see gold rally towards the top of the range. However, I’d be anticipating a potential reversal at that level if the price is rejected by the OB. Should the price dip below the 2652 level, the market could experience a continued downward trajectory, signaling a deeper correction.
CAPITALCOM:GOLDLong
by Almenio
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, After tracking and trading our last long term weekly chart idea, we finally completed it and promised you all a new weekly chart long term chart idea. Please see our new week chart idea that we will be tracking and trading over the coming weeks and months if needed. We are currently seeing a breakout outside the new Goldturn channel (our unique way of drawing channels). We also have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. If we get a break inside the channel then we will track the movement with the levels highlighted for the bounces and ema5 cross and lock to track the movement level to level. If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET. Just to confirm if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future.. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are in a new rage but just like last time we were able to generate accurate levels to use for the coming week. We are seeing price between two weighted levels. We have 2669 Goldturn resistance and 2650, as Goldturn support. We currently have a gap above on market open at 2669 and below at 2650 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2669 EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET 2695 EMA5 CROSS AND LOCK ABOVE 2695 WILL OPEN THE FOLLOWING BULLISH TARGET 2717 POTENTIALLY 2738 BEARISH TARGETS 2650 EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2615 EMA5 CROSS AND LOCK BELOW 2615 WILL OPEN THE SWING RANGE SWING RANGE 2582 - 2556 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
GOLD 4H ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts with our analysis playing out. Yesterday Ema5 cross and lock above 2626 opened 2645 and 2664, which were completed perfectly!! We were then looking for a cross and lock above 2664 to open 2682 and if momentum allowed then 2699. 2682 was hit but volatile candle didn't give us enough time for the lock. However, the candle body close gave us enough time for the confirmation before the hit completing the target. The extended target to 2699 remains open that's why we call it the potential target when completing a range for the final trail stretch. We are now seeing wick rejection at 2682 back down to 2664. If EMA5 fails to cross below 2664 and this level holds, as support, then we are likely to see another 2682 retest and our final stretch at 2699. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2626 - DONE EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET 2645 - DONE POTENTIALLY 2664 - DONE EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 - DONE POTENTIALLY 2699 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
XAUUSD: Should turn sideways for the rest of the year.Gold is highly overbought on its 1D technical outlook (RSI = 75.774, MACD = 45.540, ADX = 41.502) while at the same time it is approaching the top of the one year Channel Up. The two bullish waves of the pattern reached their HH after +22.50% and +18.50% rises and then turned sideways into a consolidation Rectangle. So even though the price can extend some more to reach a +22.50% rise, we are close to the +18.50% one and as mentioned the top of the Channel Up. This tells us that this isn't the time to buy at all but rather wait for the price to cross under the 1D MA50, which was the buy signal in the two consolidation Rectangles. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSD
by InvestingScope
GOLD 1H AND 4H CHART ROUTE MAP UPDATEHey Everyone, Another smashing day on the charts!!! Please see yesterdays 1h chart update below We got the final target hit at 2658 completing this chart idea!!! Now please review the 4H chart idea, which we have been tracking and trading for the last two weeks, which is also playing out to perfection in true level to level fashion. Emea5 cross and lock above 2626 opened 2645 and 2664 - Both targets were hit and completed today!!! We are now seeing wick rejection on this level and will need a cross and lock above 2664 to open the range above or failure to lock above will see price test the lower Goldturns for the reactional bounce. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2626 - DONE EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET 2645 - DONE POTENTIALLY 2664 - DONE EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 POTENTIALLY 2699 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
What is Structure Mapping in Gold Trading XAUUSD? Structure mapping is essential for day trading, scalping and swing trading gold. It is applied for trend analysis, pattern recognition, reversal and trend-following trading. In this article, I will teach you how to execute structure mapping on Gold chart and how to apply that for making accurate predictions and forecasts. Take notes and let's get started. Let's discuss first, what is structure mapping? With structure mapping, we perceive the price chart as the set of impulse and retracement legs. Structure mapping can be executed on any time frame and on any financial market. Look at a Gold chart on a 4H time frame. What I did, I underlined significant price movements. Each point where every leg of a movement completes will have a specific name and meaning. On a gold chart, I underlined all such points. These points are very important because it determines the market trend and show the patterns. When you execute structure mapping, the first thing that you should start with the identification of a starting point - the initial point of analysis. On a price chart, such a point should be the highest high that you see or the lowest low. If you start structure mapping with a high, that high will be called Initial High. A completion point of a bearish movement from the Initial High will be called Lower Low LL. A bullish movement that completes BELOW the level of the Initial High or Any Other High will be called Lower High LH. A bullish movement that completes on the level of the Initial High or Any Other High will be called Equal High. A bullish movement that completes above the level of the Initial High or Any Other High will be called Higher High HH. If you start with the low, such point will be called Initial Low. A completion point of a bullish movement from the Initial Low will be called Higher High HH. A bearish movement that completes ABOVE the level of the Initial Low or Any Other Low will be called Higher Low HL. A bearish movement that completes on the level of the Initial Low or Any Other Low will be called Equal Low. A bearish movement that completes below the level of the Initial Low or Any Other Low will be called Lower Low LL. Look how I executed structure mapping on Gold chart. Starting with the lowest low, I underlined all significant price movements and its lows and highs. You should learn to recognize these points because it is the foundation of gold structure mapping. Combinations of these points will be applied for the identification of the market trend, trend reversal and patterns. According to the rules, 2 lower lows and a lower high between them are enough to confirm that the market is trading in a bearish trend. While 2 higher highs and a higher low between them confirm that the trend is bullish . In a bullish trend, a bullish violation of the level of the last Higher High will be called a Break of Structure BoS. That event signifies the strength of the buyers and a bullish trend continuation. A bearish violation of the level of the last Higher Low will be called Change of Character CHoCH . It will mean the violation of a current bullish trend. In a bearish trend, a bearish violation of the level of the last Lower Low will be called a Break of Structure BoS . It is an important event that signifies the strength of the sellers and a bearish trend continuation. While a bullish violation of the level of the last lower high will be called Change of Character CHoCH. That even will signify a violation of a bearish trend. That's how a complete structure mapping should look on Gold chart. With the identification of the legs of the move, highs and lows, BoS and ChoCh you can clearly understand what is happening with the market. Gold was trading in a bearish trend. Once the level of our Initial Low was tested, the market started a correctional movement and started to trade in a bullish trend. Once some important resistance was reached, the market reversed. We saw a confirmed CHoCH and the market returned to a bearish trend. Structure mapping is the foundation of technical analysis. It is the basis of various trading strategies and trading styles. It is the first thing that you should start your trading education with. I hope that my guide helped you to understand how to execute structure mapping in Gold trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
2