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Goldtrading

Bears Seize Control of the Gold MarketSince the onset of January 2nd, 2024, a discernible downtrend channel has shaped the intricate interplay between gold and the US dollar. Delving into the meticulous examination of gold's financial intricacies, my attention is laser-focused on identifying opportune moments for selling as the precious metal nears the trend line this week. In the event that price encounters resistance within the critical thresholds of 2050 to 2070, a calculated strategy emerges – a potential short position with a downside target of approximately 55 pips, bringing us to an anticipated 2003 level. The overarching strategy hinges on a discernible transformation in the higher time frames, acting as a precursor for potential long positions. In the strategic forecast, my outlook tends towards a bearish trajectory, unfolding gradually with each nuanced market development. Your active engagement in this financial analysis is pivotal. Appreciate your likes, comments, and shares as we navigate these nuanced market waters. Until the next data point emerges, see you on the analytical flip side! 🔄💹
OANDA:XAUUSDShort
by Districtfx
GoldViewFX - END OF WEEK UPDATEHey Everyone, All targets HIT completing the chart idea for the week. 2061 was the last target of the range, which was hit yesterday. No candle body close above 2061 or ema5 lock confirming the rejection inline with the NFP release data. Price is now testing support and likely to find support in this zone. BULLISH TARGETS 2022 - DONE EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET 2038 - DONE EMA5 CROSS AND LOCK ABOVE 2038 WILL OPEN THE FOLLOWING BULLISH TARGET 2051 - DONE 2061 - DONE We will now come back Sunday with our multi timeframe 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 great weekend all!!! GoldViewFX Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
4
GOLD Prices Retrace Amidst Shifting Rate Cut ExpectationsGold Prices Retrace Amidst Shifting Rate Cut Expectations: A Technical and Fundamental Analysis The precious metal experiences a decline as investors reassess the timeline for potential interest rate reductions by the Federal Reserve (Fed). This shift in sentiment follows the release of a resilient Consumer Price Index (CPI) report for December and hawkish comments from European Central Bank (ECB) officials, contributing to a recalibration of broader market expectations. Market Dynamics and Fed's Stance: Despite market inclinations towards a rate cut in March, policymakers are adopting a measured approach to endorsing a dovish stance on interest rates. The US economy exhibits consumer price inflation nearly double the required 2%, sustained labor demand, and a low probability of recession, allowing the Fed to maintain a somewhat restrictive monetary policy stance with interest rates ranging between 5.25-5.50%. Upcoming Catalysts: Looking ahead, monthly US Retail Sales, Industrial Production data, and the release of the Fed's Beige Book are anticipated to provide fresh insights into the interest rate outlook. These indicators will likely guide market participants in gauging the future trajectory of monetary policy. Technical Analysis: From a technical standpoint, the current price retracement has led to a retest of the 61.8% Fibonacci area. There are indications that the price is poised for a recovery after yesterday's reversal, aligning with the previous Point of Control (POC) Volume from the recent swing high. The technical analysis suggests a potential bullish impulse, with an anticipated target at $2068. Conclusion: The intersection of shifting market sentiments, economic indicators, and technical signals creates a dynamic landscape for gold prices. While interest rate expectations play a pivotal role, forthcoming data releases will provide crucial cues for investors navigating the precious metal market. The potential for a bullish resurgence, as indicated by technical factors, adds complexity to the ongoing narrative, prompting investors to closely monitor developments in the coming sessions.
OANDA:XAUUSDLong
by FOREXN1
5
XAUUSD: Rejection at the top of the Channel Down.Gold is neutral on the 1D technical outlook (RSI = 56.363, MACD = 190.210, ADX = 36.018) with a 4H RSI that turned overbought at 70.000 intraday. This just so happened to take place exactly at the LH trendline of the monthly Channel Down as long as daily closes under the R1 level (2,062.00), the medium term trend remains bearish. Two short entries are recommended here, one to target towards the S1 level (TP1 = 2,005) and the other the bottom of the Channel Down and near the S2 level (TP2 = 1,980). The latter will be closed earlier if the price breaks over the 4H MA50 before hitting the target. 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:XAUUSDShort
by InvestingScope
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another awesome day today completing our chart idea with the final target at 2055 HIT!!!! Our ema5 cross and lock above 2033 confirmed targets to 2047 and 2055 and gave us plenty of time to get in for the action. We are now seeing price reject at 2055 and will need to see EMA5 lock above 2055 to open the updated Goldturns above. We also have FOMC shortly so will likely see some whipsaw action to keep in mind, as we use our updated levels to track the movement down and then catch the 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 2022 - DONE EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET 2033 - DONE EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 - DONE 2055 - 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! GoldViewFX Mr Gold
OANDA:XAUUSD
by Goldviewfx
14
GOLD (XAUUSD): Fed Rate Ahead! Your Plan: Do not forget that today we are expecting FED interest rate decision and press conference. Gold will most likely react strongly to this news. Here are the potential scenarios. Bullish The market formed an ascending triangle formation on a daily, it is currently testing its neckline. If the price breaks and closes above that, it will be a strong bullish signal that will push the prices at least to 2054 level. Bearish There is a strong rising trend line that the price is currently respecting. Its bearish violation and a daily candle close below will be a strong bearish signal. The market may drop then all the way down 1978 level. Wait for the news release and then wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
4
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Piptastic day on the chart for us today with our chart idea playing out level to level with plenty of time to get in for the action by identifying gaps with ema5 lock. Yesterday we had ema5 cross and lock above 2022 opening 2033, which was hit perfectly completing 2033 target. We were then looking for the weighted level 2033 to cross and lock to open 2047. Today we had the ema5 cross and lock above 2033 confirming the open gap to 2047. This was hit perfectly once again completing our chart idea for the perfect exit before the rejection. 2055 was a potential, as stated from the outset but will need to see ema5 cross and lock above 2047 to confirm the 2055 target. We will likely see the price range between 2033 and 2047 now until one breaks and locks 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 2022 - DONE EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET 2033 - DONE EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 - DONE 2055 BEARISH TARGETS 2014 EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
16
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2014 and resistance 2022 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2022 for a immediate bullish target and 2014, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2014 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2022 Goldturn. A cross and lock above 2022 will open the range above. 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 2022 EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET 2033 EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2014 EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
8
GOLD ROUTE 4H CHART TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2022 for a immediate bullish target and 2011, as our bearish retracement target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2011 and a break and lock below this level will open the swing range. However, support above this level will likely provide the bounce to retest 2022 Goldturn. A cross and lock above 2022 will open the range above. 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 2022 EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET 2038 EMA5 CROSS AND LOCK ABOVE 2038 WILL OPEN THE FOLLOWING BULLISH TARGET 2051 2061 BEARISH TARGETS 2011 EMA5 CROSS AND LOCK BELOW 2011 WILL OPEN THE SWING RANGE 2011 SWING RANGE 1986 1978 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 Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
4
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone, Please see update on our daily chart idea, which is playing out and respecting the channel dynamics. Last week we stated we were seeing price head towards 2043 and will need to see a break above this level with ema5 to open test for the range above or a failure to close above this level will see price retrace back down to complete the channel bottom test. We are still seeing price sit between the range, as price failed to test and break above 2043 and therefore now testing close to the channel bottom, as suggested last week. 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
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 range swing range zones also providing the bounces each time. LAST UPDATE Last week we saw price reject on the Axis level to find support on the swing range for the bounce. This is a crucial test and will confirm support and back to testing the Axis level for a break and lock to open the range above for a channel half line test. Failure to break above the 2048 Axis level will see price retest the swing range for a full channel bottom retest. CURRENT UPDATE Price is still ranging between the axis level and the weekly swing range. We will need to see a test and break on either level to confirm the next challenge either for the channel half line above or a breakout below the channel. 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. 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
GOLD (XAUUSD): Detailed Technical Outlook 🥇 Gold is trading in a minor bearish trend on a daily. Lower highs are perfectly respecting a falling trend line. After the last test of that, the market started to consolidate on a 4H time frame within a horizontal range. Bearish breakout of the support of the range is an important sign of strength of the sellers. We can anticipate a further decline next week. First goal will be a current local low - 2006. If the price violates that, we can expect a movement lower at least to 1990 level then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
Gold Route Map UPDATEHey Everyone, Great finish to the week with our chart idea playing out in true level to level fashion, giving plenty of time to track and trade the movement with our weighted Goldlturn level break and lock strategy. We completed the full retracement range followed with the bounce into 2026 for the perfect finish. No break and lock above 2038 and therefore the rejection into 2026 and then the 2011 retracement range confirmed by the cross and lock below 2026. We continued to take buys from the 2011 bounce into 2026, as highlighted by our chart all week. Perfect play!!! We used our weighted level to track the movement down and then catch the bounces up. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2026 - DONE BEARISH TARGETS 2026 - DONE EMA5 CROSS AND LOCK BELOW 2026 WILL OPEN THE RETRACEMENT RANGE 2011 - DONE We will now come back Sunday with our multi timeframe analysis, Gold route map and trading plans for next week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend with families and loved ones!!! GoldViewFX Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Half way through the week and our plans to buy dips on our levels are playing out, as planned with the volatile swings. We are seeing price play between the weighted levels 2022 and 2036 and as stated yesterday, we had a very slight cross and lock below 2022 leaving the to 2006 retracement range open for a test. We saw another retest at the 2036 level today from dips, allowing for better entries and a failure to cross and lock above 2036 Goldturn followed with the rejection. We are now seeing price play into the retracement range, which are all safe areas for us to buy dips, unless we see a cross and lock below 2006. Failure to lock below this level will see price maintain the range for 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 share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2022 - DONE EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Once again in true level to level fashion we got the full bounce from the support and into 2036 completing our Bullish target. No further cross and lock above 2036 confirmed the rejection. We need to keep in mind while testing support yesterday at 2022, we had a very slight cross and lock below 2022 leaving the retracement range open for a test. We are seeing a support retest taking place now towards 2022 Goldturn. A clean cross and lock below this level will solidify confirmation from before for the retracement range or support here will see another strong push up. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2022 - DONE EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2022 and resistance 2036 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2036 for a immediate bullish target and 2022, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2022 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2036 Goldturn. A cross and lock above 2036 will open the range above. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 EMA5 CROSS AND LOCK ABOVE 2051 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2022 EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 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 Mr Gold
OANDA:XAUUSD
by Goldviewfx
3
GOLD ROUTE 4H CHART TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2038 for a immediate bullish target and 2026, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2026 and a break and lock below this level will open the retracement range and a break and lock below the retracement range with ema5 will open the swing range. However, support on either levels will likely provide the bounce to the next Goldturn until we see a test at 2038 Goldturn. A cross and lock above 2038 will open the range above. 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2038 EMA5 CROSS AND LOCK ABOVE 2038 WILL OPEN THE FOLLOWING BULLISH TARGET 2053 2061 BEARISH TARGETS 2026 EMA5 CROSS AND LOCK BELOW 2026 WILL OPEN THE RETRACEMENT RANGE 2011 EMA5 CROSS AND LOCK BELOW THE RETRACEMENT RANGE WILL OPEN THE SWING RANGE SWING RANGE 1986 1978 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 Mr Gold
FXOPEN:XAUUSD
by Goldviewfx
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone, Please see update on our daily chart idea, which is playing out and respecting the channel dynamics. As stated last 2 week we were seeing price test the central zone of the channel, which we highlighted to show the flow of the historical challenges in the channel. The bounces from the central zone the last two weeks gave operantly to by dips using our smaller time frames. The channel half line and central zone was broken leaving the test for the channel bottom open, which played out last week. We are just short of the full test but but can accept this as support inline with the chart for the bounce highlighted by our arrows. We are now seeing price head towards 2043 and will need to see a break above this level with ema5 to open test for the range above or a failure to close above this level will see price retrace back down to complete the full channel bottom test. 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