GOLD (XAUUSD): When Will It STOP?! 🥇
Bullish rally on Gold in unstoppable.
Here are the next important resistance to watch for a potential market reversal.
Resistance 1: 2236 - 2267 area
Resistance 2: 2295 - 2315 area
Pay close attention to these structures next week.
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Goldtrading
GOLD BUY Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
GOLD NOW BUY 2173
TP1 2177
TP2 2181
TP3 2200
SL 2163
GOLD (XAUUSD): Bullish Confirmation Again 🥇
Gold broke and closed above the ATH level yesterday.
Retesting the broken structure today,
the price started to consolidate within a horizontal range on a 4H.
Bullish breakout of the resistance of the range is one more strong bullish confirmation.
We can expect a further growth now at least to 2185
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Gold: Risks after hitting all-time high?Gold: Risks after hitting all-time high?
Gold prices have been on the rise for the last six sessions, gradually approaching the December high of $2149.00. This recent uptick followed Federal Reserve Chair Jerome Powell's reaffirmation that he thinks it would be sensible to consider reducing the Fed funds rate at some point this year, with the condition that there is increased confidence in inflation steadily reaching the 2% target.
Looking at the daily chart, gold currently sits comfortably above its main support, the 20-day moving average at $2041.00, making it susceptible to a potential reversal. Alos, Gold might be prone to downward pressure once the Euphoria from Jerome Powell's recent testimony fades, and the market realizes that the Fed is not actually in any hurry to lower interest rates.
Now, Spot gold is priced at $2,150.00 per troy ounce, hitting a new record high. Extremely overbought conditions have become more obvious.
Economists at ANZ Bank suggest that the primary driver behind the surge in gold prices is the Fed's shift from a tightening to an easing monetary cycle. They also anticipate that elevated geopolitical risks and central bank buying will contribute to pushing the gold price to $2,200 by the end of the year.
Interestingly, palladium has crossed the $1,000-an-ounce mark, recording gains of over 10%.
XAUUSD: Overbought and in need of a correction.Gold is vastly overbought on the 1D timeframe (RSI = 80.321, MACD = 21.500, ADX = 21.500) with the recent rally hitting the top of the HH trendline of candle bodies of the four month Channel Up. The 4H RSI is displaying a massively overbought sideways structure which since October has marked market tops. The corrections that followed these three peaks ranged from -4% to -5.60%. Consequently our bearish target is a minimum of -4.00% decline on the 4H MA200 (TP = 2,070).
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Xauusd confirm buy signal Gold trades in positive territory at around $2,140 and stays within a touching distance of a new record high. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.2%, allowing XAU/USD to preserve its bullish momentum.
Gold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside Tuesday’s trading range. The near-term appeal for Gold remains bullish as it has delivered a breakout of the Symmetrical Triangle pattern formed on a daily time frame. The breakout of the aforementioned chart pattern exhibits a volatility expansion, which leads to wider ticks on the upside and heavy volume.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold now buy 2140
Target 2145
Target 2150
Target 2160
SL 2126
GOLD COULD PUSH THROUGH 2130This morning I woke up with GOLD sell signal running from yesterday but today is a different and I chose to give out a bullish signal, this made me feel very content and confident, i felt like that thought was a magic.
Some of my trade ideas reach over 300 people and I gives me so much joy, my dream is giving value and thats all this is all about, I enjoy been a consistent trader checking the charts daily and making sense of my day by just doing something with the chart.
Those of you following me on this journey I appreciate you, something in me died for this new me to be born and thank GOD to y'all hanging in there and taking my trades.
Everyone swing and misses from time to time, its part of life, today I am continue my swing trade on GOLD but with a new entry, I will let y'all guess my target..
GOLD BUY CONFIRM Gold News: Read the Latest Analysis on XAU/USDGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.Gold pressures record highs in the $2,140 regionGold staged a technical correction after coming within a touching distance of a new record high above $2,040. Falling US Treasury bond yields and the modest selling pressure surrounding the USD, however, allows XAU/USD to cling to strong daily gains above $2,030. CONFIRM SIGNAL GOLD NOW BUY 2128 TP1 2140 TP2 215O SL2115
GOLD 1H ROUTE MAP & TRADING PLAN WITH UPDATED LEVELSHey Everyone,
Please see our updated 1h chart levels and targets after smashing all the targets for this week already.
We are seeing price break into the new range and playing between 2125 resistance and support at 2116 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
A bearish test to support at 2116 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a re-test at the new open levels 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
2125
EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS
2133
2143
BEARISH TARGETS
2116
EMA5 CROSS AND LOCK BELOW 2116 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2102
EMA5 CROSS AND LOCK BELOW 2102 WILL OPEN THE SWING RANGE
SWING RANGE
2079
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Xauusd up Gold price pulls back from multi-month peak, downside potential seems limited
Gold price rallied to a three-month peak on Monday and settled at an all-time high, above the $2,100 mark amid bets that the Fed will start cutting interest rates in June. Apart from this, a further escalation of geopolitical tensions in the Middle East turns out to be another factor underpinning the precious metal.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold now buy 2116
Target 2140
Target 2160
SL 2095
GOLD (XAUUSD): All Time High Soon?! 🥇
Gold successfully broke and closed above a key horizontal daily resistance yesterday.
Our next strong resistance is based on the All Time High.
I believe that the market will keep growing to 2140 level.
I really want to see a pullback first though, to buy the market on a retest
of a broken structure.
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GOLD (XAUUSD) Important Key Levels & Your Trading Plan 🥇
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily.
The market closed on a key horizontal daily resistance.
Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation.
Wait for a confirmed breakout to buy.
Alternatively, we may see a pullback from the underlined structure.
I will monitor a price action on Monday and look for a confirmation to catch a pullback trade.
Let's see how it unfolds!
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GoldViewFX - Gold long term projection and plan.Hey Everyone,
This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top.
We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line.
- THIS PLAYED OUT BEAUTIFULLY!
We then suggested that we will see a reaction on this channel half line for another push up to retest the upper range again.
- Once again this played out accordingly for the push up hitting our Bullish targets once again.
However, the 2080 target was left short just by a few pips so can still be considered open. Since then we saw the new monthly candle come down to attach to ema5 this month also highlighted with a circle on the chart. We are looking for dynamic suport here for a push up. If dynamic support fails to hold price here then we are likely to see price support above 1987.
- Just like we said we got the ema5 detachment complete but no dynamic support. 1987 provided the support and the bounce, as advised previously.
We are likely to see price now play between this big range. A break below 1987 will see the lower half of the channel range open up. However, support above this level inline with the channel half-line will give opportunities longer term to buy dips back into the 2080 level long term.
CURRENT UPDATE
- BOOOOM!!!! Our 2080 target that we have been suggesting and targeting from dips was now hit perfectly last week. We now have 2163, as our long range target to complete this chart idea.
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.
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,
Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly.
Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into the channel bottom.
- This played out perfectly with No ema5 cross above 2043 confirming a new Goldlturn below for the rejection into the channel bottom.
We then stated that we are seeing price at support for a bounce or we will need to see ema5 cross below the channel bottom to open 1998 Goldturn test
- This played out perfectly with the ema5 cross and lock below the channel bottom opening 1998, which was hit 2 weeks ago. EMA5 did not cross below 1998, which provided the support for the bounce.
We then stated that if this support holds, we are likely to see a test at 2043 to re - enter the channel dynamics. Failure to test and break the channel again will likely see another dip down keeping in mind we have ma200 sitting below for a long range dynamic support.
- This is now playing out, as last week we saw the 1998 level hold for the bounce like we suggested and now heading towards the 2043 longer range target identified 1 week ago.
This played out perfectly last week with 2043 hit followed with our 2089 axis target to perfection!!!. We will now need to see ema5 lock inside the channel above to confirm a continuation in the new range above or a possible correctional retracement at 2043 for support before we see further challenges and tests above.
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
GOLD 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price break 2080 leaving a open gap to 2092 but EMA5 is lagging behind. Although we have open target now at 2092, we will need to see ema5 and price meet and attach between 2080 and 2065 for some correction.
We have our retracement range at 2065 - 2052. We will need to see ema5 cross and lock below 2052 to open the swing range.
However, support above the retracement range will likely provide the bounce to retest 2080 and 2092. We will need to see ema5 lock above 2092 to 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 TARGET
2092
EMA5 CROSS AND LOCK ABOVE 2092 WILL OPEN THE FOLLOWING BULLISH TARGETS
2105
2115
BEARISH TARGETS
2080
2065
2052
EMA5 CROSS AND LOCK BELOW 2052 WILL OPEN THE SWING RANGE
SWING RANGE
2033 - 2022
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price break into the new range and playing between 2085 resistance and support at 2079 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
A bearish test to support at 2079 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a re-test at 2071,2079 and 2085 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 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
2085
EMA5 CROSS AND LOCK ABOVE 2085 WILL OPEN THE FOLLOWING BULLISH TARGETS
2093
2102
BEARISH TARGETS
2079
EMA5 CROSS AND LOCK BELOW 2079 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2071- 2064
EMA5 CROSS AND LOCK BELOW 2064 WILL OPEN THE SWING RANGE
SWING RANGE
2044 - 2036
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Xauusd up Gold climbs to multi-week high near $2,050 as US yields edge lower
Gold gained traction and advanced to its highest level since early February above $2,040 on Thursday. The benchmark 10-year US Treasury bond yield drops toward 4.2% after US PCE inflation data, providing a boost to XAU/USD.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2046
Target 2050
Target 2055
Target 2060
SL 2036
🟡 GOLD Prices Rally: Traders Eye Bullish MomentumGold prices rallied as traders pushed the market higher, rebounding from a slight dip the previous day. Despite concerns about geopolitical tensions in the Middle East, the precious metal remained within striking distance of a two-week high reached last Thursday. The US Dollar continued to weaken, influenced by declining US Treasury bond yields, which acted as a supportive factor for gold.
Technically, our long-term bias remains bullish, with the potential for a new uptrend contingent on the outcome of key economic data releases such as Durable Goods Orders and CB Consumer Confidence. These indicators serve as leading indicators for production and consumer spending, respectively, highlighting their significance for overall economic activity.
Recent statements from the Federal Reserve, including the release of FOMC meeting minutes and comments from Fed officials, indicated a commitment to maintaining higher interest rates amidst persistent inflation and a strong economy. This stance could bolster US bond yields and the Greenback, potentially limiting aggressive bullish bets on gold.
In conclusion, we are inclined towards a long position on gold with a target set above 2045. However, readers should bear in mind that this is our analysis and not financial advice.
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another fantastic finish to the week smashing all our Bullish targets and strategically taking our buys from every dip.
Yesterday we stated after completing 2044 and 2048 targets, that we will be looking for ema5 to lock above 2048 to open 2055 and potentially 2064.
- We got the cross and lock above 2048 confirming 2055 and 2064, which were both hit today, completing our chart idea to perfection!!!
BULLISH TARGETS
2036 - DONE
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044 - DONE
2048 - DONE
EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055 - DONE
POTENTIALLY 2064 - DONE
We will now come back Sunday with our multi timeframe analysis, gold route map and trading plan for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
gold upGold News: ReadFrom a technical perspective, the overnight breakout through the $2,040-2,042 horizontal resistance was seen as a fresh trigger for bullish traders. Moreover, oscillators on the daily chart have been gaining positive traction and support prospects for an extension of the recent goodish rebound from the YTD low, around the $1,984 region touched in February. Hence, a subsequent strength towards the next relevant hurdle near the $2,065 region, en route to the $2,100 round figure, looks like a distinct possibility. the Latest Analysis on XAU/USD gold buy 2074 TP1 2080 TP2 2090 TP3 2100 SL 2050