GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3343 and a gap below at 3282. We will need to see ema5 cross and lock on either weighted level to determine the next range. We have a bigger range in play then usual.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3343
EMA5 CROSS AND LOCK ABOVE 3343 WILL OPEN THE FOLLOWING BULLISH TARGET
3404
EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
EMA5 CROSS AND LOCK ABOVE 3439 WILL OPEN THE FOLLOWING BULLISH TARGET
3503
BEARISH TARGETS
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3224
EMA5 CROSS AND LOCK BELOW 3224 WILL OPEN THE SWING RANGE
SWING RANGE
3190 - 3138
EMA5 CROSS AND LOCK BELOW 3138 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3088 - 3046
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldtrading
GOLD DAILY CHART ROUTE MAP UPDATEHey Everyone,
Here’s the latest update on our daily chart idea, it’s been playing out perfectly!
After we got the close above 3297, the gap up to 3433 completed exactly as we had analysed. However, without a further close or lock above 3433, the rejection was confirmed with a wick, and price then found support above the channel top, just as we always highlight.
With EMA5 still holding above the channel top, we’re likely to continue seeing support and price action playing above the channel. This opens the door for another retest of 3433. However, if price breaks back inside the channel along with EMA5, the levels inside the channel will reactivate for level-to-level plays.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders.
Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalize on quick moves without getting caught in the chop of larger swings.
Thank you all again for your continued likes, comments, and follows, we truly appreciate your support!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Quick update on our weekly chart idea, it's been playing out beautifully, helping us track the move down and catch the move back up.
After hitting our final channel top target at 3281, we mentioned we would look for support forming above the channel. That’s exactly what happened, with price finding support outside the channel and giving us the bounce we anticipated.
We also got a body close above 3281, which completed the gap up to 3387. From here, we'll be watching for continued support above the channel, a retest of 3387, and a close above it to confirm the continuation higher.
If we fail to retest and close above 3387, we’ll likely see a reset back to the channel top. Should that support fail, we would expect a break of the EMA5 back into the channel, resetting the play inside the channel with all previous levels back in play.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders.
Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalize on quick moves without getting caught in the chop of larger swings.
Thanks again for all your likes, comments, and follows, we really appreciate the support!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Very Bullish Setup
Gold closed on Friday in a strong bullish mood.
The price started to rise after a test of the underlined blue
support cluster.
A breakout of a resistance line of a falling channel on an hourly
provides a strong intraday confirmation.
I expect a rise at least to 3439
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold Updates - Friday April 25🔔 Friday Market Prep | Key Gold Zones Only
Microstructure whispers. Friday price action bites.
Friday is notorious for:
Low-volume traps after London lunch;
Dealer sweep games;
Profit-taking volatility;
And “just because” fakeouts to set up Monday gaps;
We don’t predict—we prepare. These are the zones that matter going into NY session.
🔴 SELL INTEREST ZONES
• 3362–3372 - HIT today gave 700+ pips profit✅
🔁 Proven supply—hit twice already, high reactivity
🧠 Only valid on LTF confirmation for re-entry
• 3384–3393
🔁 HTF imbalance + OB trap zone
🧠 Ideal for NY fakeout spike
• 3410–3415
🔁 Premium OB + liquidity grab zone
• 3450–3457
🔁 Untouched HTF OB + stop hunt territory
🟢 BUY INTEREST ZONES
• 3278-3288
📍 Support pocket – OB + below Asia low
• 3250–3260
📍 Deep OB + structural base
• 3224–3233
📍 HTF EQ + reactive demand sweep zone
🧐 Friday is not for heroes—it’s for hunters. Watch for the sweep ➝ shift ➝ confirm before touching anything.
Let Gold make the first move. We respond.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
GOLD DAILY CHART ROUTE MAP UPDATE
Hey Everyone,
Another smashing day on the charts today with our analysis playing out perfectly. This is an update from yesterday, which you can read below for continuity.
After completing the target yesterday we stated We are now looking for support above the channel top for a continuation or a ema5 lock inside the channel will see price play back into the channel levels.
- We got the support and bounce just outside the channel, just like we said and perfectly inline with our plans to buy dips.
This is now a crucial range test with either support here for a continuation or a break back into the channel. We will be looking for ema5 to confirm the break or failure to identify rejection.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
YESTERDAYS UPDATE
Hey Everyone,
After updating our 1H and 4h chart idea last two days, please see update on our daily chart idea also playing out perfectly.
On our last update we stated that we were seeing price break out of the channel but will need ema5 to lock outside of the channel to confirm the breakout into the next level.
We got the candle body above 3297 and ema5 lock opening 3433 - This was hit perfectly completing this target. No further close above this level confirmed the rejection.
We are now looking for support above the channel top for a continuation or a ema5 lock inside the channel will see price play back into the channel levels.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD Sniper Plan – April 24, 2025🟡 XAUUSD Sniper Plan – April 24, 2025
Post-Claims Setup | No Bounce Nonsense. Just Zones That Hit.
🔻 SELL ZONES – Premium Rejections Only
SELL #1 – 3384–3392
📌 HTF Flip Zone + FVG + EMA100
SL: 3400 | TP1: 3355 | TP2: 3320 | TP3: 3288
SELL #2 – 3408–3416
📌 Imbalance Gap 3411 + OB + NY Spike
SL: 3425 | TP1: 3375 | TP2: 3345 | TP3: 3315
SELL #3 – 3448–3455
📌 HTF OB + Fibo Extension + Trap Risk
SL: 3465 | TP1: 3415 | TP2: 3380 | TP3: 3340
🟢 BUY ZONES – Real Demand Only
BUY #1 – 3310–3316
📌 CHoCH + M30 OB + RSI Divergence
SL: 3300 | TP1: 3340 | TP2: 3370 | TP3: 3390
BUY #2 – 3275–3285
📌 HTF Demand Base + Oversold RSI
SL: 3260 | TP1: 3310 | TP2: 3340 | TP3: 3370
🧠 STRUCTURE & BIAS
• HTF Bias: Bullish
• LTF Flow: Bearish until 3384–3392 breaks
• ⚠️ 3408–3416 = key for mitigation before any real breakout
• Target rejections first, not dreams
🎯 Plan ready. Zones set. Now it’s your turn, sniper.
🟡 If this breakdown helped clear the noise, hit that Like
💬 Got a bias or reentry zone of your own? Drop it below
📲 And don’t forget to Follow – we’re building gold logic, not fairy tales
Let’s dominate the session. One sniper entry at a time 💛
GOLD (XAUUSD): Strong Bullish Signs?!
Gold strongly corrected from 3500 psychological level.
After a test of the underlined intraday support cluster,
the market started to leave strong bullish clues.
After a false violation of the support, the price accumulated a bit
and broke a resistance line of a falling wedge pattern on an hourly time frame.
With that move, Gold also managed to confirm a local Change of Character CHoCH.
All these bullish signals indicate a highly probable continuation of a growth.
The price may move up at least to 3377 level easily.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold Today's Technical Outlook - BullishAfter two days of selling pressure, we may start to see renewed buying interest in gold today. On the 1-hour and 2-hour charts, a Head & Shoulders pattern had formed and was broken to the downside, with a successful retest confirming the breakdown. However, despite this bearish setup, gold managed to hold above the key support zone of 3305–3306, indicating that buyers are still active and defending this level.
This price action suggests that the downside momentum is weakening and a potential bullish move could unfold today.
Buy Side Scenario: If the support at 3305–3306 continues to hold, we could see upward movement toward the following target levels:
Target 1: 3380
Target 2: 3400
Target 3: 3435
Traders should monitor price action closely for confirmation before entering positions.
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
After updating our 1H and 4h chart idea last two days, please see update on our daily chart idea also playing out perfectly.
On our last update we stated that we were seeing price break out of the channel but will need ema5 to lock outside of the channel to confirm the breakout into the next level.
We got the candle body above 3297 and ema5 lock opening 3433 - This was hit perfectly completing this target. No further close above this level confirmed the rejection.
We are now looking for support above the channel top for a continuation or a ema5 lock inside the channel will see price play back into the channel levels.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
J.P. Morgan joins the $4K gold clubJ.P. Morgan now forecasts gold to average $3,675 per ounce by year-end and joins Goldman Sachs in projecting a move beyond $4,000 next year.
Spot gold has gained 29% year-to-date, setting 28 record highs and briefly surpassing $3,500 for the first time yesterday.
According to the bank, the main downside risk remains a sudden decline in central bank demand. Key support has potentially shifted higher, with $3,286 now seen as a potential pivot—aligned with both the 50-day moving average and the 61.8% Fibonacci retracement.
XAUUSD H4 Outlook + Key Levels – April 21, 2025✅ XAUUSD H4 Outlook + Key Levels – April 21, 2025
🧭 Market Context & Trend After a powerful continuation post-holiday, Gold smashed through the previous ATH and is now trading in a vertical, parabolic leg — with minimal structure below and zero resistance above.
💣 Middle East tension + macro safe-haven flows = strong fuel for this spike. But we’re now in a price zone where traps and liquidation are very likely.
📈 Trend:
• H4: Strong bullish BOSs since April 10
• No valid H4 CHoCH yet — structure remains bullish
• Price is deep inside unmitigated premium, with signs of slowing momentum intraday
🔼 Key Levels ABOVE Price
Type Zone Notes
🔻 Premium Sweep Zone 3395–3405 Key area around ATH for possible fakeout/sell trap setups — watch for M5/M15 CHoCH or BOS here
🧱 Ultimate Spike Zone 3415–3425 High-impact inefficiency from lower timeframes + round number zone – ideal for stop hunts
🚨 Extreme Spike Risk 3435–3455 No structure here — only if geopolitical tensions worsen
🔽 Key Levels BELOW Price
Type Zone Notes
🔵 Intraday Buy Zone 3333–3340 Minor FVG + OB zone – valid only for scalps or continuation if PA confirms
🟩 HTF Demand 3284–3288 Strong OB + FVG + clean H4 CHoCH base – valid for swing longs if dump occurs
⚓️ Institutional Support 3220–3235 Last clean unmitigated H4 demand + equilibrium from macro breakout zone
🧠 Trading Considerations
🔻 SELL setups only valid with clear bearish confirmation (M5/M15 CHoCH + momentum shift) inside the 3395–3405 zone. No blind shorts — the trend is still active.
🟢 BUY setups are cleaner from 3284+ or deeper — chasing now is extremely risky unless price builds structure above 3400.
📉 A fast spike followed by breakdown could signal a swing reversal from this premium zone.
🎯 H4 Bias:
Cautiously Bullish — structure is clean, but price is hyperextended. Best setups will come after liquidity is taken.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the markets today. After completing our 1h chart route map yesterday, we moved onto our 4 chart route map.
On this chart idea, we got our Bullish target at 3330 hit, followed with candle body close gaps to 3372 and 3414, as ema5 didn't catch up due to momentum. However, the body close breaks on each level still gave us enough time for the confirmation before being hit.
We then managed to get ema5 cross and lock above 3414 opening 3457, which was also hit perfectly, completing this target with confirmation. No further lock above 3457 confirmed the rejection. However, we now have a body close above 3457 with a gap to 3503, which just fell short by a few pips.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3330 - DONE
EMA5 CROSS AND LOCK ABOVE 3330 WILL OPEN THE FOLLOWING BULLISH TARGET
3372 - DONE
EMA5 CROSS AND LOCK ABOVE 3372 WILL OPEN THE FOLLOWING BULLISH TARGET
3414 - DONE
EMA5 CROSS AND LOCK ABOVE 3414 WILL OPEN THE FOLLOWING BULLISH TARGET
3457 - DONE
EMA5 CROSS AND LOCK ABOVE 3457 WILL OPEN THE FOLLOWING BULLISH TARGET
3503
BEARISH TARGETS
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE RETRACEMENT RANGE
3224
3190
EMA5 CROSS AND LOCK BELOW 3190 WILL OPEN THE SWING RANGE
SWING RANGE
3131 - 3077
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAU/USD: Trend Remains Strong as Price Holds Above Key SupportThe XAU/USD market continues its impressive rally, recently reaching a new all-time high at 3500 before pulling back toward support and the previous day's high. The price action completed an ABC structure prior to this retracement.
Currently, the market may be forming a triangle or flag pattern, similar to past consolidation setups. As long as the price remains above the upward trendline and the critical 3400 support level, the probability of a trend continuation remains high. A retest of the ATH level followed by a move higher is likely, with the next target at the resistance zone around 3520
XAUUSD possible buy zone!XAUUSD is moving in the major direction of the rend with series of higher high and higher low
with multiple liquidity grab. Currently upon daily close, there has been a break of structure with strong liquidity grab giving this instrument a strong probability to move back to the upside with new moment. Upon pullback to the trend line is an area looking to buy upon price action confirmation.
Gold Hits 3430 – Time to Hunt the Reversal or Reload the Bull?💥 “3430 Cracked – Is Gold Flexing or Faking?”
📍 XAUUSD Sniper Plan | April 21 NY Session | ATH Game On
🧾 Macro Overview – Why Gold Is on Fire
Gold just pierced through ATH 3430.34, fueled by:
🔥 Escalating US–China trade tensions (145% US tariffs, 125% China response)
📉 Weakening USD (Dollar Index down 5.2% YTD)
🏦 China’s strategic gold accumulation (tripled reserves to 8%)
📊 Rate cut expectations from the Fed & bond volatility
📈 Goldman Sachs target upgrade: $3700 → $4500 if tensions persist
In short: gold isn’t just bullish—it’s a magnet for global fear, positioning, and central bank demand. But after a vertical sprint, even bulls need to breathe.
🔻 SELL ZONES (Only from Premium + Confirmed Trap Structures)
🔴 Sell Zone 1 – ATH Rejection Trap
🎯 Entry: 3430–3434
🛑 SL: 3440
✅ TP1: 3412
✅ TP2: 3390
✅ TP3: 3360
📌 Key Confluences:
– Final sweep zone above ATH
– H1 OB + M15 FVG
– RSI divergence building
– Psychological exhaustion at major round number
🔴 Sell Zone 2 – Parabolic Extension Fade
🎯 Entry: 3444–3448
🛑 SL: 3455
✅ TP1: 3420
✅ TP2: 3400
✅ TP3: 3375
📌 Key Confluences:
– Fibonacci 1.618 extension
– Unmitigated imbalance
– Microstructure overextension (use only with M5/M15 CHoCH)
🟢 BUY ZONES (Only from Real OB + FVG Zones, No Bounce Traps)
🟢 Buy Zone 1 – Mid-Structure Reentry (FVG/OB Confluence)
🎯 Entry: 3395–3398
🛑 SL: 3386
✅ TP1: 3420
✅ TP2: 3432
✅ TP3: 3444
📌 Key Confluences:
– Clean M15 OB
– FVG support from previous impulse
– Trendline touch + EMA21/50 base
– RSI reset at mid-levels
🟢 Buy Zone 2 – H1 Demand + Deep Discount Opportunity
🎯 Entry: 3360–3365
🛑 SL: 3345
✅ TP1: 3390
✅ TP2: 3412
✅ TP3: 3430
📌 Key Confluences:
– Strong H1 OB zone (unmitigated)
– 38.2–50% Fibonacci retracement
– High-probability trap zone if price flushes aggressively
🧠 Final Thoughts
Don't chase the top. Gold has no problem dragging traders up the hill, then letting gravity take over.
Sniper entries only. No emotion. No FOMO. Just structure, logic, and patience.
💬 Caught the 3430 sweep? Ready to reload or reverse?
👇 Drop your thoughts below — or just leave a 🧠 if this plan helps keep you focused.
Let’s keep trading smart, precise, and together.
— GoldMindsFX Team ✨
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our 1H chart idea playing out perfectly completing all our targets.
We started with our Bullish target at 3341 hit, followed with candle body close gaps to 3362 and 3382, as ema5 didn't catch up for the lock due to momentum. However, the body close breaks on each level still gave us enough time for the confirmation. The final gap at 3410 did give us the ema5 cross and lock confirmation above 3384 opening 3410 and then completed the target perfectly!!
This 1H chart idea is now complete. We can now move onto our 4H chart idea for the remaining targets to track and trade throughout the week. However, If we see price fall back into the 1h chart range, then we can continue to use the levels bellow, as they should be respected.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3341 - DONE
EMA5 CROSS AND LOCK ABOVE 3341 WILL OPEN THE FOLLOWING BULLISH TARGET
3362 - DONE
EMA5 CROSS AND LOCK ABOVE 3362 WILL OPEN THE FOLLOWING BULLISH TARGET
3384 - DONE
EMA5 CROSS AND LOCK ABOVE 3384 WILL OPEN THE FOLLOWING BULLISH TARGET
3410 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Ideas 1H Market Analysis - Easter Monday 21st of April✅ XAUUSD – 1H Market Analysis (April 21, 2025 – NY Open Prep)
🕊️ Market Reminder:
It’s Easter Monday, and London + German markets are closed, so price may behave oddly due to lower European liquidity. NY might be more manipulative — expect traps, not clean momentum.
🧠 Current Market Context
Price is holding firm at new ATH: 3397
We’ve entered the "danger zone" — structure is still bullish but we’re deep in premium
No bearish CHoCH on 1H — but momentum is slowing down visibly
Clean higher lows since April 17 low (around 3284), all protected so far
🔺 Zones ABOVE Price (Premium Trap Zones)
🔺 Zone Range Notes
🟥 Premium Liquidity 3405–3414 Prior ATH + fib extension + ADR high – ideal NY fakeout zone
🔻 Spike Risk Zone 3425–3445 Overextended 1.272–1.414 fibs – only in case of news/fake rally
⚠️ Exhaustion Layer 3455–3470 Extension of fib projection (1.618 zone) – major trap risk if touched
🟢 Zones BELOW Price (Discount Value Areas)
🟢 Zone Range Notes
💧 Minor Imbalance 3373–3380 Quick scalp retrace area – only valid on clean rejection wick or M5 OB
⚙️ Intraday Balance 3350–3360 Great sniper re-entry zone – clean imbalance + OB overlap – 💥 HOT ZONE
🟩 Demand Base 3325–3305 Deep value OB + macro continuation zone – long setup if we fully retrace
🧱 Institutional Support 3284–3288 Clean CHoCH origin – trend-defining demand, invalidation if broken
📍 Structure Summary
1H still bullish, no bearish BOS
ADR is almost maxed out, so NY might trap above 3400 and then sweep lower
No fair retrace since 3360 breakout — buyers are sitting below, not above
Major liquidity pools now exist both above 3410 and below 3350
🔥 Bias:
Cautiously bullish, but we’re due for a shakeout.
🔻 If NY pumps into 3410–3425 and fails → fade it.
🟢 If price returns to 3350–3360 → sniper buy zone.
📉 No blind trades today. Let price trap first.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3330 and a gap below at 3282. We will need to see ema5 cross and lock on either weighted level to determine the next range. We have a bigger range in play then usual.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3330
EMA5 CROSS AND LOCK ABOVE 3330 WILL OPEN THE FOLLOWING BULLISH TARGET
3372
EMA5 CROSS AND LOCK ABOVE 3372 WILL OPEN THE FOLLOWING BULLISH TARGET
3414
BEARISH TARGETS
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE RETRACEMENT RANGE
3224
3190
EMA5 CROSS AND LOCK BELOW 3190 WILL OPEN THE SWING RANGE
SWING RANGE
3131 - 3077
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
After completing our last daily chart idea please see update on our new daily chart idea. We have also updated a new Goldturn ascending channel.
We are seeing price break out of the channel but will need ema5 to lock outside of the channel to confirm the breakout vs a fakeout. If this happens then the channel top is likely to to form support for a continuation, just like we are seeing the current candles bounce from the channel top, as support.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our week chart idea, which has been playing out perfectly allowing us to track the movement down and trade the movement up and finally complete - BOOOOM!!!
After completed all our [previous targets on this chart, we were left with a body close above 3189 leaving a long range/term gap to 3281. This target was hit last week completed this chart idea.
We will now update a new weekly chart idea next week with more long term/range projections. Please keep an eye out for this for next Sunday or if we get a chance, we will try and get this out earlier.
However, please note if we see a rejection here on the channel top, then the lower levels within the channel, are still valid to track the movement down and up.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (XAUUSD): Classic Trend-Following Pattern
Gold closed on Thursday, forming a bullish flag pattern
on an hourly time frame.
The flag reflects a correction that the market started after a completion
of a strong bullish wave.
A breakout of its resistance line and a candle close above will signify
a highly probable resumption of the trend.
With a high probability, the price will move up at least to a current ATH.
(Remember that the price may respect a trend line one or several times more
and a correction can be more extended, that is why we rely on a breakout of a reliable trigger).
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.