💡 GOLD: Strong pressureAttempting to recover in the first half of the session, buyers were unable to push the price above the important psychological resistance level of 2000. Selling pressure returned strongly around this resistance level and created a new bearish signal. This price behavior shows that sellers are still in control of the situation, the price will likely continue to go down, those with short positions can continue to hold, the next targets are around 1930 and 1900 respectively.
Goldtrading
💡 XAUUSD: Expect big CPIWorld gold prices are on a decline, influenced by the strengthening USD and the upward trend in bond yields. The USD saw a 0.2% increase, rendering gold more costly for those holding different currencies. Concurrently, the surge in US 10-year Treasury yields elevated the opportunity cost associated with holding gold.
Investor attention is currently focused on significant upcoming meetings of various central banks. Notably, the European Central Bank, Bank of England, Norges Bank, and Swiss National Bank are scheduled to hold policy meetings on Thursday. Additionally, investors are keenly awaiting the release of US inflation data, which is anticipated to impact the policy direction of the US Federal Reserve (Fed).
Jim Wyckoff, a senior analyst at Kitco Metals, remarked, "Gold traders are in anticipation of new fundamental factors." The short-term chart condition of gold has deteriorated, and a higher-than-expected Consumer Price Index (CPI) number could potentially trigger selling pressure in the gold market.
GOLD ROUTE MAP & TRADING PLAN - UPDATEHey Everyone,
Another great day on the charts today, catching the bounce from the swing range. Once again it did exactly what it says on the tin!!
Yesterday we stated on the chart update that we had the first test on the swing range level at 1978 and we were expecting a swing reaction here. This played out perfectly, as we got the swing into 1990 inline with our plans to buy the dip for a clean catch.
1978 and 1965 are both swing range levels and therefore expecting reaction on both levels. Price is now re-testing 1978 for another bounce taking place now. We would need to see ema5 cross below 1978 to open the range below.
We will continue to track and trade this level to level using ema5 to direct us. Our updated levels and weighted levels will allow us to track the movement down and then catch the bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week 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
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE
SWING RANGE
1978 -1965
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,
The bearish continuation from Friday followed through today with price heading straight into the highlighted retracement range. This weighted level gave the 40 pip bounce as suggested. Even against the trend our levels provide the bounce from the weighted levels, allowing us to track and trade the movement with or against the trend.
Ema5 broke the retracement range opening the swing range, which is also playing out, testing the first level of the swing range at 1978. We expect a reaction on this zone at each level, 1978 - 1965. - Once again 1978 weighted level also followed with a 40 pip bounce.
We will continue to track and trade this level to level using ema5 to direct us. Our updated levels and weighted levels will allow us to track the movement down and then catch the bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week 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
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE
SWING RANGE
1978 -1965
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): Your Trading Plan For Next Week 🥇
Gold turned very bearish after NFP release on Friday.
The price attempted to violate 1997 - 2008 horizontal support
and closed within its boundaries.
I believe that we gonna see one more of its breakout attempt next week.
A daily candle close below will confirm a violation.
A bearish continuation will be anticipated to 1977 then.
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week.
We are now seeing price test a weighted support structure 2001 - 1990 with a immediate bullish target open at 2012 and a retracement range target at 1990
However, we would need to see ema5 cross above 2012 level to open the levels 2022 and 2034. Failure to lock above this level will follow with a rejection into support. We will then look for each of the weighted levels to be broken with EMA5 to track the movement in true level to level fashion, up or down.
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
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
SWING RANGE
1965
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 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week similar to our 1H chart idea.
We are now seeing price test support above 1999 Goldturn with a immediate bullish target open at 2014 and Bearish targets at 1999 and a retracement range target at 1983.
We would need to see ema5 cross above 2014 level to open the upper levels at 2030 and 2047. Failure to lock above this level will follow with a rejection into support. A break below the retracement range will open the swing range. We will look for each of the weighted levels to be broken with EMA5 to track the movement in true level to level fashion, up or down.
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
2014
EMA5 CROSS AND LOCK ABOVE 2014 WILL OPEN THE FOLLOWING BULLISH TARGET
2030
2047
BEARISH TARGETS
1999
1983
EMA5 CROSS AND LOCK BELOW 1983 WILL OPEN THE SWING RANGE
SWING RANGE
1960
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 AUTHORR
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 for a number of months now. We had a smashing few weeks hitting all our Bullish targets all the way upto 2137 inline with the channel half line.
We failed to see the half line break or a break above 2137 with ema5 and therefore price rejected here for a drop into support testing the channel bottom also inline with the ema5 detachment.
We are now seeing price in the swing range zone and expect reaction on this zone. We can now now use our smaller timeframe to buy dips considering the weekly chart price is in the swing zone with room to still play within.
We need to keep the above in mind and continue with our plans to buy dips, 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
GoldViewFX - Gold long term projection and plan - BOOOOOM!Hey Everyone,
This is our monthly chart long term projection chart. We have been tracking this chart since July and now completed this chart idea hitting all our targets perfectly with a perfect finish on the channel top. - BOOOOOM!!!!
We are now seeing 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.
We will see a reaction on this channel half line for another push up to retest the upper range again or a break below the channel half line will open the range below.
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 (XAUUSD): Trading Plan Ahead of NFP 🥇
Today we are expecting the US NFP report.
Here are the potential scenarios for Gold.
Bearish
If the price drops and closes below 1998 key daily structure support,
it will be a strong bearish signal and a further decline will be anticipated
at least to 1978
Bullish
The price formed an inverted head and shoulders formation on a 4H time frame.
Bullish breakout of its neckline - 4h candle close above 2041 will give you
a strong bullish confirmation.
A bullish continuation will be anticipated at least to 2060 level then.
Patiently wait for a breakout and then follow the market.
❤️Please, support my work with like, thank you!❤️
XAUUSD: Short term rebound likely.Gold hit the bottom of the 4H Channel Up and the 4H MA200 turning neutral on 1D and bearish on 4H (RSI = 37.407, MACD = -6.030, ADX = 14.273). The 4H MACD also indicates that we are on bottom territory so we expect a short term rebound and we're bullish targeting the 4H MA50 (TP = 2,035). As long as the designated dashed Channel Down holds, we will then turn bearish and target a new LL (TP = 1,965). Any crossing under the Channel Down will also be an immediate sell, targeting the 1D MA50 (TP = 1,965).
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. ##
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
A piptastic finish to the week for us hitting all our Bullish targets!!!
We the saw price drop down for a correction clearing all our bearish targets and yet respecting our weighted level supports for 30 to 40 pip bounce as suggested all week.
Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as highlighted by us on the chart.
We then stated we will likely see play between 2015 - 2032 until one locks with ema5. We will need to see a break above 2032 with ema5 to see the range above open up again or a break below 2015 for the range below.
EMA5 failed to close above 2032 confirming the rejection and giving us our perfect exits from buying dips. Ema5 then broken below the swing range opening the lower range, which we are seeing now just short of 1989. True level to level tracking and trading!!!
BULLISH TARGETS
2078 - DONE
EMA5 CROSS AND LOCK ABOVE 2078 WILL OPEN THE FOLLOWING BULLISH TARGET
2091 - DONE
2104 - DONE
BEARISH TARGETS
2067 - DONE
2045 - DONE
EMA5 CROSS AND LOCK BELOW 2045 WILL OPEN THE SWING RANGE
SWING RANGE
2015 - 2010 - 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
GOLD WILL GO SELL CONFIRM CHARTToday’s Nonfarm Payroll report is expected to show 180k new jobs created in November compared to 150k in October, while the unemployment rate is expected to remain unchanged at 3.9%. A lower-than-expected number will underpin expectations that the Fed will start cutting interest rates at the end of Q1/start of Q2 next year. The latest CME Fed Fund probabilities see a total of 125 basis points of rate cuts in the US next year.
Gold Sell Confirm 2010 Target
GOLD 4H CHART UPDATED LEVELS & TARGETS - UPDATEHey Everyone,
After completing our 1H chart idea, please now review our 4H chart idea, which also played out perfectly hitting all our Bullish Targets followed with the bearish targets and then to finish off our 4H swing range gave the perfect swing allowing us capture pips safely using our strategy to buy dips.
The level to level break and locks allowed us to track the movement up and our weighted levels allowed us to buy dips for 30 to 40 pips on every weighted level, as you can see from the chart.
We are likely to see price now play between 2014 and 2032. We would look for a ema5 break on either level to confirm movement to the next weighted range 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 the 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
2081 - DONE
EMA5 CROSS AND LOCK ABOVE 2081 WILL OPEN THE FOLLOWING BULLISH TARGET
2094 - DONE
2108 - DONE
BEARISH TARGETS -
2058 - DONE
2044 - DONE
EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE SWING RANGE
SWING RANGE
2014 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another great day for us on the charts!!!
We highlighted yesterday the test on the swing range and the expected swing. Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as highlighted by us on the chart.
We are now seeing price test this level and will likely play between this range 2015 - 2032 until one locks with ema5. We will need to see a break above 2032 with ema5 to see the range above open up again or a break below 2015 for the range below.
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 the 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
2078 - DONE
EMA5 CROSS AND LOCK ABOVE 2078 WILL OPEN THE FOLLOWING BULLISH TARGET
2091 - DONE
2104 - DONE
BEARISH TARGETS
2067 - DONE
2045 - DONE
EMA5 CROSS AND LOCK BELOW 2045 WILL OPEN THE SWING RANGE
SWING RANGE
2015 - 2010 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD) Structure Analysis & Key Levels 🥇
Here is my latest structure analysis for Gold.
Horizontal Key Levels
Resistance 1: 2142 - 2150 area
Support 1: 1998 - 2009 area
Support 2: 1963 - 1977 area
Support 3: 1930 - 1938 area
Vertical Key Levels
Rising trend line - daily candle close below that will turn that trend line
into a vertical resistance.
My focus is on a trend line at the moment.
We see a breakout attempt of that.
Daily candle close below will be an important sign of strength of the sellers.
❤️Please, support my work with like, thank you!❤️
Gold trading strategy todayYesterday, gold prices saw an inverted deep V-shape reversal. Gold prices surged sharply higher in morning trading, hitting an all-time high of 2145. Subsequently, they fluctuated downwards, stopped falling around 2020, and finally closed with a full bear candle with a long upper shadow. At this point, the gold price trend has also shown signs of a top, forming a bearish piercing pattern. At the same time, the signs of bearish divergence have not changed. The MACD indicator on the daily chart is in the overbought area and tends to form a death cross. But judging from the hourly chart, after yesterday's plunge, the MACD indicator has entered the oversold area and has formed a golden cross. During the day, gold prices may rebound at the hourly level, and the specific strength of the rebound depends on the momentum. Investors could temporarily expect a slight rebound in the Asian session, and strong resistance is in the 2050 area where we can enter short positions. The first support level is around $2020, and further support is at $2010. The reference trading range today is 2010-2050, and it is recommended to buy low and sell high and pay attention to controlling losses.
TVC:GOLD XAUUSD BUY 2008 - 2006
✔️TP1: 2014
✔️TP2: 2018
🚫SL: 2003
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
After completing all our Bullish targets yesterday we stated the swing range was open and a full test was likely. We got the swing range test today also completing all bearish targets, which was respected perfectly and, as usual we got the 30 to 40 pip bounce!!!!
We will now see either a full test back to 2032 or a break and lock below 2010 will open range below down to 1989.
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 the 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
2078 - DONE
EMA5 CROSS AND LOCK ABOVE 2078 WILL OPEN THE FOLLOWING BULLISH TARGET
2091 - DONE
2104 - DONE
BEARISH TARGETS
2067 - DONE
2045 - DONE
EMA5 CROSS AND LOCK BELOW 2045 WILL OPEN THE SWING RANGE
SWING RANGE
2015 - 2010 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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.
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,
Fantastic start to the week and month with our chart idea hitting all targets in the first day completing our setup - BOOOOM!!!
2078 - DONE
2091 - DONE
2104 - DONE
We got the ATH break, as analysed into 2148 before price came crashing down. We completed our targets and therefore waited patiently for price to come back into the range. We saw price hit the retracement level first, which gave the 40 pip bounce, as per our weighted level bounce.
This followed with ema5 cross and break of the retracement level opening the swing range. Price is now supporting just above the swing range and may bounce from here for another run but we need to be cautious, as the full swing range has not been tested yet.
Price is now back in the range and therefore we are able to continue to track and trade this level to level allowing us to track the movement down and the 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.
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 I Pullback from record high Welcome back! Let me know your thoughts in the comments!
** GOLD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!