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 2071 Goldturn. 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 2044 Goldturn and also a bullish retest at 2071. We would need to see ema5 cross and lock below 2044 level to open the retracement range or support here will see 2071 Goldturn re-test and a further break and lock above that will open 2088.
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
2088
BEARISH TARGETS
2044
EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
2022
EMA5 CROSS AND LOCK BELOW 2022 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
Goldtrading
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone,
Please see our daily chart chart idea updated form last week. So far laying out perfectly and respecting levels within the channel.
Channel half line provided the support as suggested last week for our first bullish target hit at 2043. This followed with a candle break and close above 2043 providing the momentum for the break above this level, which fell just short of the channel top test on Friday.
- This played out perfectly!!
We now also have a gap to 2089 and will need to see ema5 lock above 2043 on this chart to solidify the axis gap.
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
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.
The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which last weeks price action provided on the channel bottom followed with our 2048 Axis target hit.
We now have 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 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!
Have a great weekend all!
MR GOLD
XAUUSD: Bullish Cross on 4H inside the Channel Up.Gold has formed a 4H MA50/100 Bullish Cross, extending the rise of the bullish wave inside the Channel Up pattern. Naturally, the 1D technical outlook has turned bullish (RSI = 61.138, MACD = 13.480, ADX = 42.704) and the price can test the dashed HH trendline on a +6.45% rise like the November 28th High, which was the top before the highly distorted ATH of December 3rd. Our target is a bit lower on the R2 level (TP = 2,090).
See how our prior idea has worked:
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GOLD ROUTE MAP & TRADING PLAN COMPLETEHey Everyone,
Fantastic end to the week with our chart idea playing out perfectly all the way from the dip into 2018 followed with the failure to lock below the retracement range, which provided the bounce we were looking for all the way into each of our Bullish targets!!!!
Our last weighted level break and lock we were looking for was the break above 2046 level yesterday. This was broken and confirmed with the lock today opening 2060 and 2070, as per our chart idea. - Both targets were hit nice and clean and then finished off with the rejection for the perfect exit. We did it again!!!!!
BULLISH TARGETS
2033 - DONE
2046 - DONE
2060 - DONE
2071 - DONE
We will now come back Sunday with our multi timeframe analysis, route map and trading plans for the coming holiday week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
TH KOG REPORTKOG REPORT:
There was no KOG Report on Sunday, so we’ll go straight into the week ahead.
For the next few weeks, into early January we can expect there to be a lot of ranging and choppy price action due to it being the end of the year. Just like trading is not recommended the last days and first days of a month, it’s also the same for the last weeks of the year and the first couple of weeks in the New Year. So, if you are going to trade, please take it easy, reduce your lot sizes and make sure you have a risk model in place.
Now, for this week we’re going to keep it simple, we’re looking for a couple of scenarios on Gold and we’re going to take it really easy as we’re nearing the holiday period. We have a couple of levels in mind as key level support regions, which we feel price must stay above in order to go higher. The first intraday region of 2015-18 which is where price close on Friday is important, any stop hunt below this with extension into the 2010 level and no break, we feel will represent an opportunity to long back up into the 2030-35 region first, based on price action there we’ll decide whether to continue upside or not into 2050-55 and higher! Breaking said level and turning it into resistance, will flip the order region and based on that we could see price fall lower into the 1950’s before any reaction in price.
The ideal scenario for us here is for price to hold that 2030-35 region as resistance, and if we get a good set up there we feel an opportunity to short the market back down into the 2002-5 level initially is on the horizon and below that we’ll take it level to level with the target level shown on the illustration on the chart.
We feel the ideal long opportunity may come from lower down, unless they decide to take it straight up early part of the week, in which case we’ll trade it level to level upside following Excalibur. To be totally honest, not really worth taking any swing trades at this time of the year anyway..
KOG's bias for the week:
Bullish above 2010 with targets above 2055 and above that 2068
Bearish on break of 2010 with targets below 1995 and below that 1976
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
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Chart playing out perfectly giving another great opportunity to buy dips inline with our plans to buy from support into the bullish retest target at 2046.
Price continued to play between the range leaving a opening below 2033 with range open to 2018 and then locked back up above 2033 confirming the push up to 2046, allowing us to safely buy the dip once again to catch the ride up.
We would now need to wait for ema5 to catch up and challenge the 2046 level for a cross and lock. A confirmed break and lock will open our target to 2060. We need to now manage exposure wisely, as the range below is also open and therefore can expect swings both ways.
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
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046 - DONE
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Quick update on our route map for today.
As stated yesterday, that we were likely to see a bounce between the range until the next weighted level breaks and locks allowing us to track and trade the movement level to level.
- This played out, as we saw price bounce between 2033 and 2046. We are seeing ema5 maintaining the range within and failing to cross either level.
We will now be waiting patiently to confirm the next break and then continue to track the movement down and catch the bounces 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
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046 - DONE
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another great day on the markets for us with our chart idea playing out perfectly in true level to level fashion!!!
Yesterday we stated that we needed to see 2033 cross and lock to open 2046. We got the lock confirmation today and then the perfect finish by hitting 2046 completing our target and with plenty of time to get in for the movement..
We will now need to see 2046 weighted level cross and lock to open the range above or a failure to cross will see a rejection into support, as are seeing now. We are likely to see a bounce between the range until the next weighted level break and lock allowing us to track and trade the movement level to level.
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
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046 - DONE
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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
GOLD (XAUUSD): Intraday Technical Outlook 🥇
After a confirmed breakout of an intraday horizontal demand cluster,
Gold started to recover steadily within an expanding wedge pattern.
We saw a strong rejection from the broken area.
Our next bearish signal will be a bearish breakout of the support of the wedge
with a 4H candle close below that.
It will push the market at least 2010 level.
If you haven't shorted yet, patiently wait for a breakout.
❤️Please, support my work with like, thank you!❤️
GOLD (XAUUSD): Bearish Outlook Explained 🏅
Gold nicely respected a horizontal daily supply area.
The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.
I believe that the price may drop lower next week.
Next supports: 2010 / 2000
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Great start to the week with our route map chart idea playing out as planned. Price supported above 2018 and failed to lock below confirming the push up, perfectly hitting our Bullish target at 2033 Goldlturn.
We will now need to see 2033 cross and locked to open 2046. Failure to lock above will see rejection into support to test 2018 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 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
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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
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 support at 2018 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 2033 Goldturn.
Price is playing in a central range in this overall structure and likely to see big swings either way. We will be managing a tight risk model to be able to move move with the swings without over exposure.
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
2033
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046
BEARISH TARGETS
2018
EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002
SWING RANGE
1990 - 1977
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
GOLD DAILY CHART MID TERM PROJECTIONHey Everyone,
This is the new updated DAILY CHART idea with updated levels and Goldturn channel after completing our last daily chart idea all the way into the new ATH.
Price is playing in the central zone of the channel with immediate support 1998 and resistance bullish target at 2043.
The channel half line may also provide support before the 1998 level and a test and break above 2043 will open the range into the channel top 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
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.
Last week we highlighted that we are seeing price in our updated swing range zone and expect reaction on this zone. This played out perfectly, as the swing range providing the swing straight into the axis target once again.
We are now seeing price back in the channel and will need to see a break above 2048 to establish a range back in the Goldturn 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!
Have a great weekend all!
MR GOLD
GOLD (XAUUSD): 2 Scenarios Explained 🥇
US fundamentals are coming in 30 minutes.
Here are the potential scenarios for Gold.
Bullish Scenario
The market is currently testing 2041 resistance.
If the market breaks and closes above that
a bullish continuation will be expected at least to 2070.
Bearish Scenario
Gold is currently consolidating within a narrow
horizontal range on an hourly time frame.
If the price breaks and closes below its support - 2029,
a bearish movement will be anticipated at least to 2015.
Wait for a breakout and then follow the market.
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP & TRADING PLAN - UPDATEHey Everyone,
We finish off the week completing all our targets into 2045 weighted level to complete the range. 2045 failed to break with ema5, as stated yesterday and therefore followed with the rejection.
We will now wait patiently for price to settle into a weighted support level below from this rejection and create a new Goldturn to catch the bounce up.
BULLISH TARGETS
2012 - DONE
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022 - DONE
2034 - DONE'
2045 - DONE
BEARISH TARGETS
1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE
SWING RANGE -
1978 -1965
1978 - 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!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD: Hit the top of the Channel Down.Gold reached the top of the ATH Channel Down and so far is being rejected. Turning bullish on its 1D technical outlook (RSI = 57.506, MACD = 11.660, ADX = 41.229) means that it is not unlikely for the top to break but we will engage (buy) only if the R1 level (2,048) breaks and target the R2 level (TP = 2,090). Until this happens, we will use the rejection to short and target the S1 level (TP = 1,972.50).
See how our prior idea has worked:
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## Comments and likes are greatly appreciated. ##
Gold Sell Confirm Prediction Or Analysis For Today Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence, the focus will remain glued to the outcome of the highly-anticipated FOMC policy meeting, scheduled to be announced later today.