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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
FXOPEN:XAUUSD
by Goldviewfx
9
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
OANDA:XAUUSD
by Goldviewfx
9
Gold recovers above $2,300: What's next? Gold managed to recover its losses yesterday (biggest daily slump in almost 2 years) on weak US PMI data. The thought here is that sluggish growth indicators might push the Federal Reserve towards an earlier interest rate cut (although don't hold your breath), potentially increasing the attractiveness of non-yielding assets like gold. The rate of expansion in US business activity slowed amid signs of weaker demand, according to the latest S&P Global Flash PMI report. From a technical standpoint, XAU/USD is currently grappling with the 23.6% Fibonacci retracement level from the rally between $1,984 and $2,430, struggling to surpass it convincingly. Ole Hansen from Saxo Bank notes that gold's vigorous surge since mid-February is undergoing a necessary correction, which should hopefully provide insights into the actual underlying demand (now that geopolitical risk has somewhat cooled). Market attention now shifts to three key US data releases: US durable goods (Wednesday), US Q1 Flash GDP (Thursday), and US Core PCE on Friday. While all three could impact the market, the latter two are anticipated to carry greater significance.
BLACKBULL:XAUUSD
by BlackBull_Markets
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
OANDA:XAUUSD
by Goldviewfx
17
Gold: Thoughts and AnalysisToday's focus: Gold Pattern – Correctional phase. Support – Resistance – $2394 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart. We have reviewed recent price actions and our thoughts on what we are seeing and looking for moving forward. Is this just a bout of profit-taking that will kick off a new trend? The next rally is key for us and could give us signs depending on what we see from price. Good trading.
EIGHTCAP:XAUUSDLong
by Eightcap
GOLD 4H CHART ROUTE MAP FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price test 2389 weighted level on market close with already a new body close above this level opening a gap to 2410 but will need ema5 lock to confirm this gap further with also an extension to 2429. We also have bearish support target at 2354 and will need to see a cross and lock below this level to open the retracement range and a further lock below the retracement range 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 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2410 2429 EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS 2446 2467 POTENTIALLY 2490 BEARISH TARGETS 2354 EMA5 CROSS AND LOCK BELOW 2354 WILL OPEN THE RETRACEMENT RANGE 2294 2274 EMA5 CROSS AND LOCK BELOW 2354 WILL OPEN THE SWING RANGE SWING RANGE 2274 - 2245 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
FXOPEN:XAUUSD
by Goldviewfx
7
GOLD 1H CHART ROUTE MAP FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test 2393 on market close last week with a candle body close gap to 2408 weighted level. We will need to see ema5 lock to further confirm this. We will need to see ema5 lock above 2408 to further open the range above or a rejection will follow to find support at 2371. A cross and lock below 2371 will open the retracement range and a further cross and lock below 2333 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 2393 2408 EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS 2422 2440 AND POTENTIALLY 2454 BEARISH TARGETS 2371 EMA5 CROSS AND LOCK BELOW 2371 WILL OPEN THE RETRACEMENT RANGE 2355 2333 EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE SWING RANGE 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
OANDA:XAUUSD
by Goldviewfx
9
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our updated daily chart idea after successfully completing our last daily chart idea. We are currently seeing price test the updated Goldturn ascending channel top. We are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to retest 2418 and 2504 long term. Once again we have highlighted and updated a route map within the channel for retracement and support tests and levels to extend the range and channel top. We will also keep in mind 2325, which is holding the bullish structure above the channel half line support. 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
OANDA:XAUUSD
by Goldviewfx
4
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 Last week we stated we were seeing price break out of the channel with a candle body close gap open to 2360, which was hit perfectly closing the gap and we also stated that we will need to see ema5 break out of the channel for further continuation above the channel with 2438, as our long range/term target. Failure of ema5 to break outside the channel will see price back into the channel for the channel half line challenge, as the new updated swing range. Momentum took price all the way into 2404 and just short of our long range target at 2438. We will keep this in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support. CURRENT 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. 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
OANDA:XAUUSD
by Goldviewfx
7
Oh My Gold!- Everything is in graph. - maybe Gold will start a new rise after BTC Halving. " In a bearish market, investors typically prefer to buy gold, and at times of high inflation and market volatility, gold is considered by many as a 'safe haven' asset. " - This was the definition of a safe heaven i found in Google, but this have no more sense in 2022.. - if you bought GOLD in 2011 ATH and sold in 2022, you would have made somehow zero benefits or lose your money because of lack of patience. - How much money you would have made buying Bitcoin in 2018 ? ( no need to push the date to 2011..) if you really want to know what is happening now, it's really simple and logic : - The New Generation is impatient, they buy BTC and Cryptos, they take risks. - They make much more money and faster money than buying a corrupted metal controlled by Governments ( Thanks to Nixon's Team in 1971 ). - When Cryptos Bull runs burst to new ATH, smart peoples drop Cryptos to buy Gold, Rolex, Graphic Cards, and Lambos or RS7 ( a joke for my friend Baba ) - in a worst case of world war, it's much more simple to have a Ledger in the pocket than move with 50 Kgs of Gold in a bag. - The New Money is in the Blockchain. Happy Tr4Ding !
TVC:GOLD
by thecryer
22
GOLD ROUTE MAP UPDATE - BOOOM!Hey Everyone, Great finish to he week completing our last target at 2408 after lock confirmation for the range. We started the week with 2355 bullish target hit followed with the ema5 lock above 2355 opening 2382 and 2408. We had the 2382 level hit early this week followed with lots of dips giving plenty of action to get in from every dip, knowing we still had 2408 open. 2040 was finally hit today to finish off the range target completing our week with no further locks above. BULLISH TARGETS 2355 - DONE EMA5 CROSS AND LOCK ABOVE 2355 WILL OPEN THE FOLLOWING BULLISH TARGETS 2382 - DONE 2408 - DONE 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
OANDA:XAUUSD
by Goldviewfx
27
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the chart today buying multiple dips inline with our chart idea. Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level. The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken for the range above. Failure to break and lock above this level after a few attempts will strengthen the resistance in which case we will likely see the 2326 Goldturn support level tested and broken to open the retracement range. We will see rice now play between these two weighted level until we see a cross and lock on either weighted level to confirm 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 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 EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS 2446 2467 POTENTIALLY 2490 BEARISH TARGETS 2326 - DONE EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE 2294 2274 EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE SWING RANGE 2196 - 2180 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
FXOPEN:XAUUSD
by Goldviewfx
11
Gold technical analysis amid Iran-Israel uncertainty Gold hovers around the $2,370, with trading range relatively narrow as investors closely monitor updates on the Iran-Israel conflict. Israel's stance on retaliating against Iran revolves not around whether but when and how to strike back. Bezalel Smotrich, Israel's Finance Minister, advocates for a response that would impose a "disproportionate toll" on Iran, aiming to "shake Tehran" and deter future attacks. While any retaliation risks escalating the situation towards a broader conflict in the Middle East and a more profound global crisis, there's a lingering hope that Iran's reluctance for an all-out war, evidenced by their quick de-escalation following their recent attack, might mitigate the risk. Gold demonstrates resilience despite robust economic data from the US, suggesting that the current bull market isn't solely influenced by conventional macroeconomic factors. On the XAU/USD chart, a downward movement might necessitate testing the previous all-time high of $2,300 to consider a substantial reversal. However, the broader bullish sentiment could appear to persist, supported by the 4-Hour Relative Strength Index (RSI) sliding below 50 and the Momentum indicator showing a downward trend above its midpoint. The 20 Simple Moving Average (SMA) possibly maintains a firmly bullish trajectory at approximately $2,281, sitting comfortably above the also bullish 100 SMA by roughly $200.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD 4H CHART ROUTE MAPHey Everyone, Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly. We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection. We will need to see ema5 lock above this level to see a continuation to the range above. We also got out our bearish support target at 2326 and no ema5 cross and lock and therefore we got the rejection and bounce for the retest above completing our Bull target inline with our plans to buy dips We will see rice now play between these two weighted level until we see a cross and lock on either weighted level to confirm 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 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 EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS 2446 2467 POTENTIALLY 2490 BEARISH TARGETS 2326 - DONE EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE 2294 2274 EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE SWING RANGE 2196 - 2180 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
FXOPEN:XAUUSD
by Goldviewfx
14