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XAUUSD: Turning bearish if the 1D MA50 breaks.Gold (XAUUSD) stopped its 10 day pullback yesterday on the 1D MA50, which is the level where the short term Channel Up priced the previous HL on December 13th. The 1D timeframe is technically neutral (RSI = 47.836, MACD = 6.750, ADX = 32.595). If the 1D MA50 is crossed though, the trend will turn bearish in a way comparable to the May 17th 2023 bearish crossing. This was the bearish extension after the one year Channel Up peaked on a HH and declined all the way to the 1D MA200 and under. We expect a similar course to be followed, so if the price crosses under the 1D MA50, we will go short on the long term with one target on the 1D MA200 and the S2 level (TP1 = 1,972.50) and a second on the S3 level (TP2 = 1,928.10). Notice that a 1D RSI Bearish Divergence has preceeded the May 4th peak. We can see a similar pattern since October 27th. See how our prior idea has worked: ## 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, Please see update on our 1H chart idea. Price hit our Bullish target at 2047 yesterday and then failed to cross and lock above confirming the rejection for us, which then played out into the retracement level and then 2020 Goldturn. Both the retracement level and 2020 Goldturn provided the bounce inline with our plans to buys dips playing out perfectly for the clean catch for the 40 pip plus bounces. We are seeing price play rage sideways and although we are bullish in terms of buying dips we need to keep in mind the retracement level has been broken and therefore the swing range is open for a potential test. 2020 Goldturn is acting as support for now and we would need to see ema5 cross and lock below 2020 to further solidify confirmation for the swing range test. However, support here and we are likely to see a test at 2047 Goldturn. 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 2047 - DONE EMA5 CROSS AND LOCK ABOVE 2047 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2032 - DONE EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE 2005 1992 EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD (XAUUSD): Detailed Structure Analysis 🥇 Here is my latest structure analysis and key levels for Gold. Horizontal Key Levels Support 1: 2015 - 2019 area Support 2: 1973 - 1979 area Support 3: 1931 - 1938 area Resistance 1: 2077 - 2088 area Resistance 2: 2143 - 2148 area Vertical Structures Vertical Support 1: Falling trend line Vertical Resistance 1: Falling trend line The market is currently approaching a Support 1. 2 trend lines compose a bullish flag formation. We stick to the plan that I shared earlier on Sunday. We are looking for a bullish breakout of the Vertical Resistance 1 to buy. Alternatively, a bearish breakout of Support 1 will be give as a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
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 test at 2045 heading towards 2047 Goldturn resistance and sitting between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2047 for a immediate bullish target and 2032, 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 2032 and a break and lock below this level will open the swing range. However, support here and we are likely to see a test at 2047 Goldturn. A cross and lock above 2047 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 2047 EMA5 CROSS AND LOCK ABOVE 2047 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2032 EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE 2005 1992 EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2044 and 2055 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target. We have resistance test open at 2055 Goldturn, which will need ema5 cross and lock above to open 2065 and 2070. We also have our retracement range at 2024, which will need ema5 to lock below 2044 to open otherwise suport here will see the bullish test. We would need to see ema5 cross and lock below 2024 level to open the swing range or support here will see 2044 Goldturn re-test and a further break and lock above that will open range above again We will look for each of the weighted levels to be broken with EMA5 to track the movement up or down in true level to level fashion. 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 2055 EMA5 CROSS AND LOCK ABOVE 2055 WILL OPEN THE FOLLOWING BULLISH TARGET 2065 2070 BEARISH TARGETS 2044 EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET 2024 EMA5 CROSS AND LOCK BELOW 2024 WILL OPEN THE SWING RANGE SWING RANGE 1999 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
FXOPEN:XAUUSD
by Goldviewfx
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone, Please see our daily chart update, which we have been tracking all month. Once again true perfection alongside our smaller timeframe analysis. After hitting our target at 2089 inline with the channel top, we then stated that we will now either see resistance here for a rejection and test at support on the channel half line or a break above the channel top will break into a new range above. - This played out perfectly for the rejection on the channel top resistance at 2089, which followed with the rejection into the channel half line. Support here above the channel half line will see another push up to test the channel top or a ema5 cross and lock below the half line will see the channel bottom open for a test 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
2
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. The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel. - 3 weeks price action provided support on the channel bottom followed with our 2048 Axis target hit. 2 weeks prior we had a candle body close above 2048 axis level confirming further play within the channel. Ema5 cross and lock above 2048 axis will further confirm movement to challenge 2092 and the channel half-line. We have the candle body close but no ema5 lock yet. We got the push up but fell short of the 2092 target, as no ema5 lock above 2048 yet and therefore we saw price retrace down and we stated we were most likely seeing the drop to attach to ema5 and test channel support - We got the drop into the ema5 detachment and channel support, as suggested above We are still sitting in the channel structure and supported by many variables in this range from support on the channel bottom, retracement range, Goldturns and the swing range all close by providing a strong support structure. 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
2
DXY SELLS THIS WEEKHello Traders, so here's the weekly update of the financial markets. DXY filled the weekly FVG by market close last week and rejected. So what we expect this week is BEARS putting in lots of SELLING PRESSURE. Probably this week we shall see a BEARISH CANDLE on the Greenback. Onto GOLD ,with the above information, I expect it to remain BULLISH alongside other Major Currencies, Indices & Crypto; EURUSD, GBPUSD, NZDUSD & US30. This coming week, look for opportunities to place BUY orders on these financial instruments. DXY may SELL till the recent swing low where Buyside Liquidity awaits, use this as a monitor for your Buy Trades on the above mentioned instruments. Good Week ahead full of profits.
TVC:DXY
by Imperial_Enterprise
GOLD ROUTE MAP & TRADING PLAN - END OF WEEK UPDATEHey Everyone, Piptistic finish to the week and a super start to the new year with another great opportunity today to buy dips inline with our trading plan. As stated yesterday we waited patiently for the swing range test to finish up with either a break and lock below 2032 to open the support structure or a retest to 2054 to complete the swing. No lock below 2032 confirmed the support for the push up and the swing range competed its move into 2054 Like we suggested - BOOOM!!! We were able to trail this to 2063 Goldturn!! BULLISH TARGETS 2071 - DONE BEARISH TARGETS 2054 - DONE EMA5 CROSS AND LOCK BELOW 2054 WILL OPEN THE SWING RANGE 2040 - DONE 2032 - DONE SWING RANGE BOUNCE ALSO COMPLETE TO 2054 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! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GOLD WILL FLY 🕊️ 💸 TILL 2065Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar (USD). The US bond yields, however, started losing traction after minutes of the December 12-13 FOMC meeting reflected a consensus among policymakers that inflation is under control and concerns about the downside risks to the economy associated with an overly restrictive stance. This, along with a softer risk tone, allowed the precious metal to attract some buyers near the $2,030 area and gains some follow-through traction on Thursday.
OANDA:XAUUSDShort
by FxJohnson
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, After hitting our bullish target at 2071 yesterday, we saw the price drop into the retracement level completing 2054. Ema5 cross and lock below 2054 then confirmed the swing range, 2040 and 2032 - both targets were hit. Both the retracement and swing range gave the bounce and swing of 40 pips plus, as part of our setup plan to buy dips and suggested every week, as we share our route map level to level trading plan. We will now wait patiently to see the swing range test to finish up with either a break and lock below to open the support structure or a retest to 2040 and 2054. 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 2071 - DONE EMA5 CROSS AND LOCK ABOVE 2071 WILL OPEN THE FOLLOWING BULLISH TARGET 2085 BEARISH TARGETS 2054 - DONE EMA5 CROSS AND LOCK BELOW 2054 WILL OPEN THE SWING RANGE 2040 - DONE 2032 - DONE EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SUPPORT STRUCTURE 2019 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
OANDA:XAUUSD
by Goldviewfx
12
⬆️🖼️. DOLLAR Index trade line bullish momentum analysis)⤴️⤴️Hello trader’s what do you think about DXY index )? traders are looking 👀 a 4H tame frame 🖼️ trade line dxy hitting support levels and trade line now dxy bak up ⬆️ 102.381 to 102.573) The dollar index fell to below 101 on Wednesday, the lowest in five months, as markets continued to position according to signs of cooling US inflation, and consequently, incoming rate cuts from the Federal Reserve. Data released on Friday showed that the core PCE index, the Fed’s preferred inflation gauge, fell to 3.2% in November from 3.4% in October, coming in below forecasts of 3.3%. Markets are now pricing in around a 90% chance that the central bank may start its cutting cycle by March. The dollar traded close to multi-month lows against other major currencies, but has been gaining ground versus the Chinese yuan amid expectations that the People’s Bank of China would lower key rates next
TVC:DXYLong
by SMC-Trading-Point
XAUUSD: Sell reversal inside the Channel Up.Gold has technically turned neutral on the 4H time-frame (RSI = 47.613, MACD = 2.720, ADX = 30.603) but remains bullish on 1D as it has started the bearish leg of the two month Channel Up. The 4H MA50 broke today for the first time since December 13th and that basically validates this short-term correction. Our target is the S1 level (TP = 2,016) which will make an ideal test of the 1D MA50. See how our prior idea has worked: ## 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 Watch: CPI Impact and Interest Rate DynamicsGreetings Traders, Our spotlight is on XAUUSD, where we are actively eyeing a potential buying opportunity around the 2015 zone. As gold trades in an uptrend, it currently finds itself in a correction phase, steadily approaching the trend at the critical 2015 support area. This numerical level carries historical significance, serving as a vital juncture where the correction may align with substantial market forces, creating an opportune entry point for traders. To comprehend the potential market dynamics, we must delve into the macroeconomic fundamentals. The Consumer Price Index (CPI) data, released on October 25, 2023, revealed an actual inflation rate of 1.2%, surpassing the forecast of 1.1% and the previous 0.8%. This ongoing trend of rising inflation is crucial, as it has the potential to influence the Federal Reserve's monetary policy decisions. The latest FOMC data, dated December 13, 2023, reflects a steady interest rate of 5.50%. Such a stance indicates a commitment to combat inflation, but the continuous dovish rhetoric and the decision to maintain the interest rate may suggest that the Fed is cautious about tightening too quickly. This dovish sentiment in the monetary policy can lead to further weakness in the USD. Considering the interest rate evolution, the Fed has been on a trajectory of cautious adjustments. For instance, in the FOMC meeting on September 20, 2023, the interest rate was held at 5.50%, maintaining the status quo. This steady approach is indicative of the Fed's commitment to managing inflation without overly hindering economic growth. The correlation between interest rates and the strength of the USD is pivotal in understanding gold's potential upsides. The negative correlation between gold and the USD implies that a weakening dollar could propel gold prices higher. As traders navigate the XAUUSD chart, the careful consideration of both CPI and interest rate data is imperative. The dovish monetary policy's potential impact on the USD's strength and the subsequent influence on gold prices should be a focal point in crafting effective trading strategies.
OANDA:XAUUSDLong
by JoeChampion
GOLD 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2059 and 2071 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target. We have support test open at 2059 Goldturn and also a bullish retest at 2071. We would need to see ema5 cross and lock below 2059 level to open the retracement range at 2044 or support here will see 2071 Goldturn re-test and a further break and lock above that will open 2080 and 2090. We will look for each of the weighted levels to be broken with EMA5 to track the movement up or down in true level to level fashion. 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 2071 EMA5 CROSS AND LOCK ABOVE 2071 WILL OPEN THE FOLLOWING BULLISH TARGET 2080 2090 BEARISH TARGETS 2059 EMA5 CROSS AND LOCK BELOW 2059 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET 2044 EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE SWING RANGE SWING RANGE 2029 - 2014 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
FXOPEN:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another PIPTASTIC day for us on the markets. Our chart idea played out perfectly once again hitting our Bullish target at 2071 and just short of the final target at 2086, after the ema5 lock confirmation of 2063. As stated yesterday, we were expecting a re-test of 2063 and then a cross and lock to open the above targets. Once again our weighted level 2063 break and confirmation delivered the goods with plenty of time to get in for the move. We will now need to see a test at 2086 and if we see a ema5 lock above 2086 we will see the range above open. Failure to test and break above 2086 will follow with a retest of the weighted support at 2071 or 2063. 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 2063 - DONE EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET 2071 - DONE 2086 - BEARISH TARGETS 2048 EMA5 CROSS AND LOCK BELOW 2048 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGETS 2040 2032 EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE SWING RANGE 2019 - 2002 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
OANDA:XAUUSD
by Goldviewfx
6
THE KOG REPORTKOG REPORT: In last week’s KOG Report we mentioned there will be a lot of ranging in the markets towards the end and beginning of 23/24 so to expect sudden bursts of volume. We saw just this last week in the markets across most of the pairs we’re trading. We suggested swing trading the market this time of year wouldn’t be part of our plan, and instead, if they held the levels we would stick with the bias and trade it level to level upside until we had completed our targets. We gave the higher target as 2068 with the bias as bullish above 2010, as you can see price moved well into the target region where as expected in Camelot, we got a reaction in price giving us an opportunity to short the market to end the week. Another great week in Camelot, not only on Gold but also on the numerous other pairs we trade, analyse and post targets on. So, what can we expect in the ahead? We have intraday support now turned resistance sitting above 2060-65 which price may want to target on market open, and if held, an opportunity to short down into the order region could be on the cards. This order region is where we want to monitor price action and look for any Excalibur activations as well as red box confirmation. If supported, we feel an opportunity to long the market back up into the levels of 2070 and above that 2085 (for now) are available for those looking to long the lows. Please note, what we have to be careful of here is the extension of the move which can stretch produce a hunt on those going long down into the 2020-17 region, so let’s expect that for the week ahead. On the flip, because of the extension of the move and if we get a break and hold below 2030 and then 2020, we’ll be looking to target the 2000-1995 region to close the year and trade it level to level on the downside. Levels to watch: Support – 2035 / 2030 / 2022 / 2020 / 2018 Key level Resistance 2055 / 2060 / 2062 / 2065 key level KOG’s Bias for the week: Bullish above 2020 with targets above 2070 Bearish on break of 2020 with targets below 2010 Wishing you all a great Christmas and week ahead, once the markets open. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8