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GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price challenge and break 2326 resistance with a body close gap opening to 2348. However, we have a detachment below at 2311 and will need ema5 to lock above 2326 to confirm and solidify the targets above. We have a retracement range between 2293 - 2274 and a break and lock below 2274 will open the swing range and a further break and lock below the swing range will see the Goldturns tested below. 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 2348 EMA5 CROSS AND LOCK ABOVE 2326 WILL OPEN THE FOLLOWING BULLISH TARGETS 2348 2367 BEARISH TARGETS 2311 2293 2274 EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE SWING RANGE 2242 - 2218 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
6
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey 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. Our long term swing range gave the perfect swing into hitting all our bullish targets with our last target hit at 2313. We are now seeing price break out of the channel with a candle body close gap open to 2360. However, 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. We need to keep the above 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. 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
6
GOLD MN CHART LONG RANGE ROUTEMAP & TRADING PLAN Hey Everyone, After completing all our long range targets, we are now seeing price break out of the ascending channel. However we will need to see ema5 cross outside the channel to establish another bullish run above. We also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term. 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
FOREXCOM:XAUUSD
by Goldviewfx
9
Gold Continues for Its Peak"Following a decline from the robust gains observed in the European session, Gold prices neared stabilization during Tuesday's New York session. However, during Wednesday's trading, bullish momentum resurged, yet remained within the confines of the narrow trading range seen in the European session, with prices staying below the threshold of US$2,200." Fundamental Analysis: Overnight trading in the New York session saw gold prices receiving support from a weakened U.S. Dollar Index (USDX) and a decline in U.S. Treasury Securities yields. However, as the trading day progressed, a rebound in the USDX led to profit-taking pressure from investors, resulting in April gold futures closing down by US$0.80 to US$21,750. In Wednesday's trading, bullish sentiment made a resurgence within a narrow trading range during the European session. This resurgence was primarily fueled by investors' expectations of an interest rate cut by the Federal Reserve at the upcoming June meeting. These expectations, coupled with projections of two more rate cuts before year-end, have increased the attractiveness of gold as an investment. From a technical standpoint, April gold futures maintain a solid near-term technical advantage, with a five-week uptrend evident on the 1D technical chart. Bulls are eyeing the next upside target, aiming for a closing price breakthrough above solid resistance to achieve a new all-time high of US$2,222. Conversely, bears are targeting a near-term downside, aiming to push futures below the solid technical support level of US$2,149. Short-term resistance levels are identified at the overnight high of US$2,200 and the all-time high of US$2,222, while initial support levels are at this week's low of US$2,163 and last Friday's low of US$2,157. Technical Analysis: The gold price trend has been evolving within a major uptrend phase since the low of US$1,615 on September 28, 2022, supported by an equal-ratio uptrend trajectory. Traditionally, highly liquid tradable prices fluctuate higher within such trend phases, rather than moving vertically up or down. In the short term, gold prices are undergoing a correction phase following a rapid ascent from February 23 to March 8. Despite this correction, bears have failed to gain traction over the past week, indicating ongoing upward momentum. This suggests that a significant top is not yet imminent, with potential for further upward movement. Presently, XAUUSD is retracing yesterday's decline following a surge, with short- to long-term Simple Moving Averages (SMAs) all trending upwards, indicating sustained optimism for near-term demand. Upon breaching the US$2,222 resistance level, gold may encounter further resistance around US$2,250, aligning with the 161.8% Fibonacci extension. On the downside, the December 4 high of US$2,145 is anticipated to provide support for gold bulls. Trading Recommendations: - **Trading Direction:** Long - **Entry Price:** 2181 - **Target Price:** 2300 - **Stop Loss:** 2138 - **Deadline:** 2024-04-10 23:55:00 - **Support Levels:** 2180, 2175, 2171 - **Resistance Levels:** 2200, 2212, 2222 These recommendations are based on the technical analysis indicating the continuation of the upward trend, with specific entry and exit points to optimize trading strategies.
OANDA:XAUUSD
by fankhan466
GOLD TRADING PLAN UPDATEHey Everyone, Quick update from yesterday. We got some retracement during Tokyo session, as expected and then another round off bullish action into our target. We finish off the week with all targets complete across all our chart ideas - BOOOOM!!!! We will now come back Sunday with our updated Goldturn levels for the new range blue print, targets 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!!! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
17
GOLD (XAUUSD): Signals Of Slowing Momentum?! 🥇 Many of you asked me to share the updated analysis for Gold. Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum: after a strong bullish impulse that the price formed last week, we see a contracting price action within a rising wedge pattern. The price managed to reach 2300 - an important psychological level. After its test, the market found equilibrium and formed a doji candle. Today we see a some pullback. Weakening US Jobs data release may have a bearish effect of the market. I believe that a bearish violation of a support of the wedge can be a confirmation of an initiation of a correctional movement. I do not recommend selling though because it is obviously too risky from a current perspective. Not only that, but I would rather look for a pullback to then buy the market from a safe level. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
1
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Please see our 4H chart idea update, which was completed perfectly today hitting all our targets. First we had ema5 cross an lock above 2218 to open2238 and 2253, which were both hit perfectly earlier this week. Followed with a further lock above 2253, which opened 2269 and 2288 - BOTH HIT PERFECTLY FO RTHE FINISH!!!! We will now look at our monthly chart update for the final extension to the range before we use our algo to generate new Goldturn levels for this upper range for the rest of the week. Our updated levels and weighted levels allowed 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 2238 - DONE EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS 2238 - DONE 2253 - DONE EMA5 CROSS AND LOCK ABOVE 2253 WILL OPEN THE FOLLOWING BULLISH TARGETS 2269 - DONE 2288 - 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
32
XAUUSD: Can it really target 2,850 by the end of the year??Gold is vastly overbought on its 1D technical outlook (RSI = 80.447, MACD = 42.840, ADX = 50.847) and the reason is that since last month's (March) breakout and monthly closing above the 2020 Resistance, it started a new bullish hyper Cycle. It is overbought on the 1W RSI also (74.802) while the monthly (1M) is only a fraction away too (RSI = 69.871). This is a heavily aggressive long term trend that until its peak won't offer many pullbacks and those will be limited. This 1M chart shows that according to the 1M RSI we're where Gold was on the August 2019 breakout on the previous Cycle. Before that both patterns pulled back and held the 1M MA50 and 0.5 Fibonacci level. The rally that followed the breakout, peaked at +98.09% from the bottom (Fib extension 3.0). The current pattern is at +25% since the 1M MA50 and 0.5 Fib rebound and another +25% until the end of the year would also complete +98.09% from the bottom. Our end of year Target is exactly on that level (TP = 2,850). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Once again another piptastic day for us on the charts. After completing all our Bullish targets yesterday we had the rejection into 2231 support followed with the bounce. We then advised that we will need to see a new Goldturn formation above 2240 to establish a range here for a retest on the levels above again. - We got the new Goldturn above 2240, as highlighted on the chart with a circle confirming the re-activation of the bullish targets once again and BOOOOM!!!! All targets hit!!! We are now seeing price head towards the 2267 resistance level once again and will need to see ema5 lock above this level to open the range above or a failure to lock above will follow with another rejection to find support again. Please also review our 4H chart idea to see the extended range above currently open. 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 2240 - DONE EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS 2240 - DONE 2246 - DONE 2253 - DONE 2258 - DONE 2267 - 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
OANDA:XAUUSD
by Goldviewfx
25
Gold Breaks All-Time-High !Gold surged above $2286 per ounce, marking yet another milestone in its remarkable ascent. This surge has persisted for two consecutive trading days, underscoring the enduring strength of the precious metal. The driving force behind this meteoric rise is the mounting anticipation of an imminent interest rate cut by the US Federal Reserve in June. Such a move is expected to exert downward pressure on the US Dollar, consequently fueling further gains in Gold prices. Year-to-date, Gold has surged by an impressive 9.8%, with March alone witnessing a staggering increase of nearly 9.4%. A closer examination from a technical standpoint reveals a bullish breakout from an ascending triangle formation, marked (in blue) which has been taking shape since early 2020. This breakout signals a robust indication of sustained bullish momentum in Gold prices over the long term. For traders, this presents a lucrative opportunity to capitalize on the prevailing bullish bias both in the intermediate and short term. Going along the phrase of "The trend is your friend", a simple trade below may capture any retracement opportunities along this steep surge. Entry: 2218 TP: 2320 (can be partial TP or pull up trail stop) SL: 2149
COMEX:GC1!Long
by phillip_nova
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price challenge 2231 on market close on Friday. This is a level of resistance and will need ema5 to cross and lock above 2231 to open the range above. We have a bullish body close price gap target at 2240 and support targets at 2225 and 2217. We will need to see 2217 cross and lock with ema5 to open the retracement range and a further break below the retracement range will see the swing range open.. Failure to lock below 2217 will establish support above this range for re-tests on the levels above once again. 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 2240 EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS 2240 2246 POTENTIALLY 2253 BEARISH TARGETS 2225 2217 EMA5 CROSS AND LOCK BELOW 2217 WILL OPEN THE RETRACEMENT RANGE 2206 EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE SWING RANGE 2189 - 2181 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
44
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two Goldturn levels, support at 2218 Goldturn and resistance at 2238 Goldturn. We have a bullish gap open now at 2238 and we are seeing ema5 challenge 2218 and will need to see ema5 lock above 2218 to open the range above upto 2253 and a further lock above 2253 will open the range above. However, we also have a target retracement range between 2196 - 2180 and a break and lock below 2180 will open the swing range and a further break and lock below the swing range will see the Goldturns tested below. 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 2238 EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS 2238 2253 BEARISH TARGETS 2218 2196 2180 EMA5 CROSS AND LOCK BELOW 2180 WILL OPEN THE SWING RANGE SWING RANGE 2180 - 2153 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
13