GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.
After completing 2729 and 2856, we were left with a very small body close above 2856 last week leaving 2976 open and we stated that will need ema5 lock to further confirm this.
EMA5 is still yet to lock, however the body close already gave us a nice push up with over 700 pips. The full long term gap still remains open with a further candle body close left from last week.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldtrading
GOLD (XAUUSD): Your Trading Plan For Next Week Explained
Gold did not manage to update the All-Time High on Friday,
retracing from a key daily resistance.
The market is now trading within a horizontal range on a daily.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:
Bullish Scenario
If the price breaks and closes above 2943,
a bullish continuation will be expected to the new highs.
Bearish Scenario
If the price breaks a demand zone based on a rising trend line
and a support of the range and closes below that,
a correctional movement will follow.
Alternatively, with the absence of fundamentals,
the market may stay within the range for a while, so be patient.
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GOLD MARKET UPDATEHey Everyone,
Great finish to the week once again with all our chart ideas playing out, as analysed.
This is an update on our new daily chart idea which we shared on last Sunday, which also played out perfectly .
We had candle body close and ema5 above lock above 2827 leaving target to 2904 AXIS. This was hit perfectly this week completing this level and also into the channel top for the perfect finish and rejection.
We have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics.
We also need to keep in mind the channel half line below to establish floor to provide support for the range. A break below the half line will open the lower part of the channel to establish floor on the channel bottom.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Following on from yesterdays update, after clearing 2867, 2894 and 2924, we had no further cross and lock confirming the rejection for the move down into the lower Goldturns.
We then stated that the lower Goldturns are providing support for the bounce and establishing a range between 2867 and 2924 and we will look for a test and cross and lock on either level to determine the next range.
- This is still playing out, between the range we heighted, allowing us to safely buy 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 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
2867 - DONE
EMA5 CROSS AND LOCK ABOVE 2867 WILL OPEN THE FOLLOWING BULLISH TARGET
2894 - DONE
EMA5 CROSS AND LOCK ABOVE 2894 WILL OPEN THE FOLLOWING BULLISH TARGET
2924 - DONE
EMA5 CROSS AND LOCK ABOVE 2924 WILL OPEN THE FOLLOWING BULLISH TARGET
2952
EMA5 CROSS AND LOCK ABOVE 2952 WILL OPEN THE FOLLOWING BULLISH TARGET
2979
BEARISH TARGETS
2833
EMA5 CROSS AND LOCK BELOW 2833 WILL OPEN THE FOLLOWING BEARISH TARGET
2800
EMA5 CROSS AND LOCK BELOW 2800 WILL OPEN THE SWING RANGE
SWING RANGE
2771 - 2743
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
GOLD (XAUUSD): One More Bullish Confirmation?!
After the release of the yesterday's US news, Gold went up again
Analyzing a 4H time frame, I see a completed inverted head and shoulders pattern.
Probabilities are high that growth will continue.
Goals: 2931 / 2942
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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our chart idea playing out, as analysed.
Yesterday we completed our 1H chart idea and today we update you on our 4h chart idea that we shared earlier this week.
Once again we started with our Bullish target hit at 2867 followed with ema5 cross and lock opening 2894, which was hit perfectly with a further cross and lock above 2894 opening 2924 also hit completing this range. No further cross and lock above 2924 confirmed the rejection for the move down.
The lower Goldturns are providing support for the bounce and establishing a range between 2867 and 2924. We will look for a test and cross and lock on either level to determine 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
2867 - DONE
EMA5 CROSS AND LOCK ABOVE 2867 WILL OPEN THE FOLLOWING BULLISH TARGET
2894 - DONE
EMA5 CROSS AND LOCK ABOVE 2894 WILL OPEN THE FOLLOWING BULLISH TARGET
2924 - DONE
EMA5 CROSS AND LOCK ABOVE 2924 WILL OPEN THE FOLLOWING BULLISH TARGET
2952
EMA5 CROSS AND LOCK ABOVE 2952 WILL OPEN THE FOLLOWING BULLISH TARGET
2979
BEARISH TARGETS
2833
EMA5 CROSS AND LOCK BELOW 2833 WILL OPEN THE FOLLOWING BEARISH TARGET
2800
EMA5 CROSS AND LOCK BELOW 2800 WILL OPEN THE SWING RANGE
SWING RANGE
2771 - 2743
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
GOLD ROUTE MAP UPDATEHey Everyone,
A perfect finish to this chart idea with our final target at 2923 now complete.
Yesterday we started with our Bullish target 2872 and then cross and lock confirmed 2885 and 2898, which was hit perfectly. This followed with ema5 lock above 2898 opening 2911 and 2923. We got the 2911 target and stated that if 2898 and 2885 Goldturns provide support now, we may get the momentum for the 2923 test sooner rather then later.
- 2898 provided the support and we got the final target at 2923 to complete this chart idea.
We spent the rest of the day buying dips from the lower weighted Goldturns, which is providing the support and bounce.
We are back within this chart range and therefore can continue to track the movement here. However we also have our 4h chart idea to track the remaining 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
2872 - DONE
EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET
2885 - DONE
2898 - DONE
EMA5 CROSS AND LOCK ABOVE 2898 WILL OPEN THE FOLLOWING BULLISH TARGET
2911 - DONE
2923 - DONE
BEARISH TARGETS
2851
EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE RETRACEMENT RANGE
2836 - 2819
EMA5 CROSS AND LOCK BELOW 2819 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2794
SECONDARY SWING RANGE
2782 - 2764
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
XAUUSD: Channel Up correcting but will now resume bullish trend.Gold is overbought on its 1D technical outlook (RSI = 71.385, MACD = 54.590, ADX = 56.363) and today's pullback comes as a natural technical correction inside the Channel Up pattern. The 4H MA50 is the short term support and as long as it holds, we anticipate an extension of the bullish wave now that the P1 level (former Resistance) is hit, same to what happened on February 3rd. Aim for a full +5.50% extension (TP = 2,980).
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GOLD (XAUUSD): Important Supports & Resistances to Watch
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Rising trend line
Horizontal Structures
Support 1: 2869 - 2886 area
Support 2: 2770 - 2790 area
Resistance 1: 2941 - 2950 area
Resistance 2: 2998 - 3003 area
Consider these structures for pullback/breakout trading.
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GOLD ROUTE MAP UPDATEHey Everyone,
A super PIPTASTIC start to the week!! Our chart idea is playing gout perfectly with cross an lock confirmations giving us plenty of time to get in for the action.
We started with our Bullish target 2872 hit followed with ema5 cross and lock opening 2885 and 2898, which was hit perfectly. We then had ema5 lock open above 2898 opening 2911 and if momentum allowed 2923. We got the 2911 for the perfect finish on the nose at 2911 with exhaustion of momentum and therefore no 2923.
A further candle body or ema5 lock above 2911 will further confirm the final run at 2923 on this chart. If 2898 AND 2885 Goldturns provide support now, we may get the momentum for the 2923 test sooner rather then later.
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
2872 - DONE
EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET
2885 - DONE
2898 - DONE
EMA5 CROSS AND LOCK ABOVE 2898 WILL OPEN THE FOLLOWING BULLISH TARGET
2911 - DONE
2923
BEARISH TARGETS
2851
EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE RETRACEMENT RANGE
2836 - 2819
EMA5 CROSS AND LOCK BELOW 2819 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2794
SECONDARY SWING RANGE
2782 - 2764
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
Our Recommendations Always Succeed… And Gold Confirms It!In our latest recommendation , we clearly pointed out a gold buying opportunity, and now it’s proving us right! Gold has reached $2908 after Trump raised tariffs, giving gold significant strength! 🚀
🎯 Next level: $2931
🏆 Major target: $3000 within one to two months!
🔔 Don’t miss this opportunity! Gold is on an upward trend, and history proves our analysis is always accurate!
💬 Have any questions? Drop them in the comments, and follow us now so you don’t miss the next recommendation! 🔥👇 #Gold #Investment #SuccessfulAnalysis
Ready for CorrectionGold drops to 2830 to return to its trend line.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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!!
GOLD 1H CHART ROUTE MAP & TRADING PLAN 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 with a gap above at 2872 and a gap below at 2851. We will need to see 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
2872
EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET
2885
2898
EMA5 CROSS AND LOCK ABOVE 2898 WILL OPEN THE FOLLOWING BULLISH TARGET
2911
2923
BEARISH TARGETS
2851
EMA5 CROSS AND LOCK BELOW 2851 WILL OPEN THE RETRACEMENT RANGE
2841 - 2819
EMA5 CROSS AND LOCK BELOW 2819 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2794
SECONDARY SWING RANGE
2782 - 2764
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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 and price play between two weighted levels with a gap above at 2867 and a gap below at 2833. We need ema5 to cross and lock above or below the weighted Goldturns 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
2867
EMA5 CROSS AND LOCK ABOVE 2867 WILL OPEN THE FOLLOWING BULLISH TARGET
2894
EMA5 CROSS AND LOCK ABOVE 2894 WILL OPEN THE FOLLOWING BULLISH TARGET
2924
EMA5 CROSS AND LOCK ABOVE 2924 WILL OPEN THE FOLLOWING BULLISH TARGET
2958
EMA5 CROSS AND LOCK ABOVE 2958 WILL OPEN THE FOLLOWING BULLISH TARGET
2979
BEARISH TARGETS
2833
EMA5 CROSS AND LOCK BELOW 2833 WILL OPEN THE FOLLOWING BEARISH TARGET
2800
EMA5 CROSS AND LOCK BELOW 2800 WILL OPEN THE SWING RANGE
SWING RANGE
2771 - 2743
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
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.
After hitting and completing 2729 target 2 weeks ago, we then stated that we had a candle body close above 2729 opening long range/term gap at 2856 and will need ema5 lock to further confirm this.
- We got the ema5 lock to further confirm this and this was then hit perfectly last week completing this target. We now have a very small body close above 2856 leaving 2896 open and will need ema5 lock to further confirm this.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see our new daily chart idea after completing our last daily chart idea last week.
We have now drawn a new channel in our unique way to establish the trend range and currently seeing price play between 2827, the channel half line support and 2904 axis resistance level.
We will need to see 2904 level broken for a continuation to test the channel top and we also have the channel half line below to establish floor to provide support for the range. A break below the half line will open the lower part of the channel to establish floor on the channel bottom.
]This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our monthly chart idea for our long term/range analysis.
Our Monthly chart idea is now finally complete from candle body close above 2702 leaving 2825 axis target open, which is now hit and complete.
Please review all the historical updates below to see how we have been tracking this chart over several months. We will share a new long range monthly chart idea from next month.
LAST UPDATES OVER THE PREVIOUS MONTHS
Previous month in December we stated that the month started with a detachment to ema5 below for a correction, which was highlighted with a small mini circle on the chart for visual purpose.
- This detachment to ema5 was completed perfectly.
We also stated last month in December that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce.
- This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702.
We then stated that we had two days for month end and will need a body close above 2702 for confirmation for a further continuation or a body close below 2589 to confirm the channel top test below. We also stated that if price closes this month in this range without the body closes, then we are likely to see play between this range for another month with not much detachment on the next monthly candle to ema5, which means the likely dynamic support should be provided by ema5 from the beginning of the month.
- This played out perfectly in January as the the ema5 provided the dynamic support right from the start, which followed with a nice push up. We now also have a candle body close above 2702 leaving a gap to 2825 Axis our long term target that we have been tracking over the months.
We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend.
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
GOLD (XAUUSD): Your Trading Plan For Next Week Explained
Here is my price action analysis for Gold on a 4H.
The market is currently trading in a sideways after
an extended up movement that was completed 5th of February.
We see a horizontal parallel channel formation.
To confirm the next bullish wave, I suggest waiting for a breakout
of its resistance.
4H candle close above 2887 will confirm the violation.
A bullish continuation will be expected at least to 2900 then.
Alternatively, a bearish breakout of the support of the channel
may trigger a correctional movement.
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Learn What Will Make You Profitable in Forex & Gold Trading
What brings the consistent profits in trading?
Talking to hundreds of struggling traders from different parts of the globe, I realized that there are the common misconceptions concerning that subject.
In this educational article, we will discuss what really will make you profitable in trading.
Trading Signals
🔔The first thing that 99% of struggling traders are looking for is signals.
Why damn learn if you can simply follow the trades of a pro trader and make money?!
The truth is, however, is that in order to repeat the performance of a signal provider you have to open all your trading positions in the same exact moment he does. (And I would not even mention the fact that there will be a delay between the moment the provider opens the trade and the moment he sends you the signal)
Because the signal can be sent at a random moment, quite often it will take time for you to reach your trading terminal and open the position.
Just a 1-minute delay may dramatically change the risk to reward ration of the trade and, hence, the final result.
Expert Advisors
🤖The second thing that really attracts the struggling traders is trading robots (EA) . The systems that trade automatically and aimed to generate consistent profits.
You simply start the program and wait for the money.
The main problem with EA is the fact that it requires constant monitoring . It can stop or freeze in a random moment and may require a reboot.
Moreover, due to changing market conditions, the EA should be regularly updated. Without the updates, at some moment it may blow your account.
Trading robot is the work : trading with the robots means their constant development, monitoring and improvement. And that work requires a high level of experience: both in coding and in trading.
Technical Indicators
📈The third thing that struggling traders are seeking is the "magic" indicator. The one that will accurately identify the safe points to buy and sell. You add the indicator on the chart, and you simply wait for the signal to open the trade.
The fact is that magic indicators do not exist. Indicator is the tool that can be applied as the extra confirmation. It should be applied strictly in a combination with something else, and its proper application requires a high level of expertise in trading.
Luck in Trading
🍀The fourth thing that newbie traders seek is luck. They open the trade, and then they pray the God, Powell, Fed or someone else to move the market in their favour.
And yes, occasionally, luck will be on your side. But relying on luck on a long-term basis, you are doomed to fail.
But what will make you profitable then?
What is the secret ingredient.
Remember, that secret ingredient does not exist.
In order to become a consistently profitable traders, you should rely on 4 crucial elements: trading plan, risk management, discipline and correct mindset.
🧠What is correct mindset in trading?
It simply means setting REALISTIC goals and having REALISTIC expectations from the market and from your trading.
📝A trading plan is the set of rules and conditions that you apply for the search of a trading setup and the management of the opened position.
Trading plan will be considered to be good if it is back tested on historical data and then tested on demo account for at least 3 consequent months.
✔️In order to follow the plan consistently, you need to be disciplined . You should be prepared for losing streaks, and you should be strong enough to not break once your trading account will be in a drawdown.
💰Risk management is one of the most important elements of your trading plan. It defines your risk per trade and your set of actions in case of losses. Even the best trading strategies may fail because of poor risk management.
Combining these 4 elements, you will become a consistently profitable trader. Remember, that there is no easy way, no shortcut. Trading is a hard work to be done.
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GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
A PIPTATSIC finish to the week completing and smashing all our chart ideas across our multi time-frame analysis.
We finish off today with an update on our daily chart idea that we have been tracking for a while now, level to level, to the finishing line today!!
After completing all our targets with candle body close and/or ema5 lock confirmation, we were looking for a body close above 2797 to confirm a continuation into 2840.
- This was hit completing this chart idea for the perfect finish.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX