Goldtrading
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC day on the chart today buying dips in style form our swing range.
Yesterday we had the swing range activate and hit perfectly and it did exactly what it says on the tin, by giving the swing bounce into the next Goldturn and we were looking for the complete movement into 2312.
- The full swing was completed today and now a continuation into 2330 weighted Goldturn. We are seeing a rejection here currently and will need to see ema5 cross and lock to re-confirm the 2339 outstanding target from previous gap.
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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312 - DONE
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 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
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the chart with our level to level tracking and trading out as analysed.
Yesterday we advised that we were playing in an extended range with a gap above at 2339 and the retracement gap below at 2312.
We got the retracement level hit at 2312 followed with a cross and lock below opening the swing range.
- The swing range was hit perfectly and did exactly what it says on the tin by giving the swing bounce perfectly into the next Goldturn allowing us to strategically buy dips from the weighted levels.
We will now look for ema5 to cross and lock above 2302 to complete movement into 2312. Failure to lock above this level will see swing range tested again. A break below the swing range will open the range below into 2285.
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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312 - DONE
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 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
GOLD ROUTE MAP UPDATEHey Everyone,
A choppy day on the charts today with 2330 broken leaving a gap open to 2339. We got the push up into 2337 and just fell short by 20 pips leaving 2339 gap open.
The rejection tested the Goldturn support below with 2323 providing the bounces, as advised yesterday.
We are now plying in an extended range with a gap above at 2339 and the retracement gap below at 2312.
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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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's Next Chapter: Technical Insights and Market TrendsGOLD (SPOT) – technical overview
The 2019 breakout above the 2016 high at 1375 was a significant development, opening the door for fresh record highs and this next major upside extension into the 2500-3000 area. Setbacks should now be well supported above 2000 on a monthly close basis.
R2 2451 – 20 May Record high – Strong
R1 2388 –7 June high – Medium
S1 2277 – 3 May low – Strong
S2 2223– 21 March high – Strong
GOLD (SPOT) – fundamental overview
The yellow metal has pushed record highs in 2024 with solid demand from medium and longer-term accounts. These players are more concerned about inflation, geopolitical risk and a less upbeat global growth outlook. All of this should keep the commodity well supported, with many market participants also fleeing to the hard asset as the grand dichotomy of record high equities and record low yields comes to an end.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
XAUUSD 600 PIPS IDEAXAUUSD is showing bullish signs overall, but a closer look at the lower time frames tells a different story. On the H4, there's a clear double top, and the H1 chart is displaying a head and shoulders pattern. Currently, the price action is forming yet another head and shoulders. If this pattern completes, it could be an excellent signal to enter sell positions. Remember, no reversals, no trade! Stay alert and keep watching those charts.
GOLD (XAUUSD): Intraday Bullish Confirmation?!
Analyzing the intraday price action on Gold this morning,
I spotted an ascending triangle formation with a confirmed
bullish breakout of its neckline.
It is an important local sign of strength of the buyers.
It occurred after a test of a daily trend line that we discussed earlier.
I think that the growth may continue today.
Goal - 2343
❤️Please, support my work with like, thank you!❤️
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2330 Goldturn resistance and 2312 support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range.
We have 2323 bullish target before an attempt of the challenge of 2330, which will then need an ema5 lock to confirm the range above.
We also have 2312 Goldturn weighted support below that will need ema5 lock to open the range below into 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
2323
2330
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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 Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
The sell off Friday shifted two range and therefore opened a bigger range for corrections and tests.
We have the weighted level above at 2346 holding this range with 2325 and 2337 on the way that will need re-tests to confirm a benchmark correction.
We also have 2313 weighted Goldturn level holding support on this range and will need ema5 lock to 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
2325
2337
2346
EMA5 CROSS AND LOCK ABOVE 2346 WILL OPEN THE FOLLOWING BULLISH TARGET
2360
EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET
2376
BEARISH TARGETS
2313
EMA5 CROSS AND LOCK BELOW 2313 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2290
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 DAILY CHART UPDATE Hey Everyone,
Please see update on our daily chart structure.
Last week we stated that 2309 support gave the rejection and the perfect bounce heading towards the 2355 open gap.
- This gap was completing perfectly as analysed. No ema5 lock above this level and therefore a rejection here for the drop. We will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range.
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups.
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 WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our mid to longer term weekly chart idea.
Last week we advised that although we saw price break out of the channel, ema5 had created the true channel top resistance and that we also have support at 2310 Goldturn above the channel half line. We also advised that although we have a close below 2310, ema5 remains above 2310 providing the support for a bounce heading towards 2356 for a test.
- This test was completed with a 2356 clean HIT!!!!
The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
The levels within the channel will provide the bounces inline with our plans to buy dips in true level to level fashion using our smaller time-frames. Buying dips allows us to safely manage any swings instead of 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 (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Rising Trend Line
Horizontal Structures
Support 1: 2277 - 2303 area
Resistance 1: 2360 - 2368 area
Resistance 2: 2378 - 2388 area
Resistance 3: 2426 - 2450 area
Consider these structures for pullback/breakout trading next week.
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
What a chart blowing week we had with our 1H chart idea playing out to true perfection. This chart idea was shared on Sunday for this week and delivered the goods.
We started the week with our retracement range challenged. No lock below the retracement range gave us the bounce clearing 2332 target. This followed with a cross and lock confirmation opening 2343 and 2349. 2343 and 2349 both were hit completing our next set of Bullish targets. We were then left with 2349 lock opening the last target of the range at 2367 precision TP.
- This target was hit today completing the week with a FULL HOUSE!!!!! for a perfect finish before the big sell off- BOOOOOM!!!
EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET
2343 - DONE
2349 - DONE
EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET
2367 - DONE
BEARISH TARGETS
2322 - DONE
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2312 - DONE
As always, we will now come back Sunday with our multi time frame analysis, Gold route map 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 all!!
Mr Gold
GoldViewFX
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 BUY | Idea Trading AnalysisAUDUSD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
GOLD (XAUUSD): Bullish Accumulation?!
Quick update for Gold:
since my last post on Sunday, the market formed a classic bullish
price action pattern on a daily - the ascending triangle.
The pattern signifies a bullish accumulation and a highly probable
coming bullish movement.
To confirm that we stick to the plan that I shared earlier.
We wait for a bullish breakout of 2341 and a daily candle close above.
It will open a potential for a bullish continuation to 2375.
Alternatively, a bearish breakout of a trend line of a triangle
can give us a strong bearish signal.
❤️Please, support my work with like, thank you!❤️
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed. We were seeing price test 2332 weighted level and failed to lock above 2332 with ema5 confirming the rejection into the retracement range. The retracement level gave us the perfect bounce for a clean 40 pips, as part of our plans.
We then had the 2322 weighted level cross and lock below with ema5 opening 2312, which was hit perfectly.
We are now looking for a reaction on this level. Ema5 cross and lock below 2312 will open the swing range or failure to lock below will follow with another rejection 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 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.
EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET
2343
2349
EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET
2367
BEARISH TARGETS
2322 - DONE
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2312 - DONE
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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 - GOLD Zone 2322 rebounded💵GOLD PRICE AND ECONOMIC INFORMATION
Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while producer prices unexpectedly declined.
Analysis:
Gold is currently stuck in the price range
Current gold range: 2340 - 2295
Between the 2 EMAs of frame D.
Large frame H4 shows a clear selling trend
🔴SELL GOLD: 2340 - 2342, SL: 2346
🟢BUY GOLD: 2307 - 2305, SL: 2301
⛔️Breakout:
📈 Breakout on: 2340
📉 Breakout below: 2312
🔼Support: 2312 - 2305 - 2291 - 2286 - 2280- 2274
🔽Resistance: 2338 - 2340 - 2350
GOOD LUCK EVERYONE👍
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 test 2332 weighted level and we will need to see ema5 cross and lock above 2332 to open the range above to test 2343 and 2349.
Rejection here will see price fall back into the retracement range 2322 - 2312 and a further test and break below 2312 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.
EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET
2343
2349
EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET
2367
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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