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Gold Analyze (Road Map)!!!🗺️Gold wants to make a similar Movement like the Main wave 2 ( Flat Correction ), I tried to show you the end of the Main wave 4 in my Chart, and probably it will happen at my TRZ (Time Reversal Zone). Where is the end of main wave 4 ❗️❓ 🎯 Target 🎯: 1680$ until 1650$ Where is the end of main wave 5 ❗️❓ 🎯 Target 🎯: 2263$ until 2230$ Gold Analyze, Timeframe Weekly (Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLD
by pejman_zwin
4
THE KOG REPORTKOG Report: In last weeks KOG report we said we would be looking for two trades, either a long from support levels or a short from resistance levels if they took it up. We suggested keeping an eye on the 2010-15 resistance as we expected a reaction in price there, and if broken we would be looking at the 2030-35 region as a target point. During the week, we released KOG’s bias for the week with a target of 2055 based on the monthly chart we also shared. We suggested anyone taking longs leave a runner for potential higher pricing, which if you did, hat’s off to you! An aggressive end to the week which was expected with gold closing just short of it’s previous high in line with the monthly chart that was shared. So, what can we expect in the week ahead? We’re going to keep a close eye on that monthly chart which is linked below that has a target level of 2093-5 to be precise. Now, this is definitely going to be a difficult end to the year as due to this move, having left voids behind and nearly completing the swing, there is huge potential for a big pullback before then resuming the attack at that level. For that reason, just as the reports prior to this, we would suggest caution on the markets, especially if you’re new to trading. Again, we’re going to take it steady, trading this level to level using KOG’s red box strategy and taking it level to level if they continue this move to the upside. The levels below of importance are the order region 2050-55 where if they bring the price down to and we see strong support, we feel an opportunity to long back up to target that 2090-95 region could be on the cards. A break of that level and they are likely to correct this move taking us down towards 2020-25 before we see a reaction in price. On the flip, the ideal scenario for us here is for price to attempt an attack at the resistance level above, shown on the chart, and if we see a confirmed set up with strong resistance, we feel an opportunity to swing short is on the horizon. These resistance levels are 2075 and above that 2090-95 with extension of the move into 2105-10 as an extreme level. We will update traders during the week with KOG’s bias for the day and our target levels which are proving to be very effective in guiding traders through the markets. KOGs bias for the week: Bullish above 2050 with target levels above 2085 and above that 2107 Bearish on break of 2050 with targets below 2020 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
GOLD 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We had a nice Bullish week last week clearing all our Bullish Targets. We are now seeing price test resistance at 2058 with ema5 with a candle body close above the level leaving a big gap to 2081. However, we would need to see ema5 cross above this level to solidify the confirmation of the movement. Failure to lock above this level will follow with a rejection into support. The breaks and locks will allow us to track the movement down and our weighted levels allowed us to buys dips for 30 to 40 pips, as you can see on the chart. We also have a retracement range at 2047 for a reactional bounce and if we get a cross and lock below this level with ema5 then the swing range will be open for a reactional bounce. 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 EMA5 CROSS AND LOCK ABOVE 2081 WILL OPEN THE FOLLOWING BULLISH TARGET 2094 2108 BEARISH TARGETS - 2058 2047 EMA5 CROSS AND LOCK BELOW 2047 WILL OPEN THE SWING RANGE SWING RANGE 2017 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
FXOPEN:XAUUSD
by Goldviewfx
GOLD (XAUUSD) ATH Ahead! What is Next 🏆 What a bullish week for Gold. The market closed approaching the ALL TIME HIGH! Here is your plan for next week. Bullish scenario: if the price breaks and closes above 2074 on a weekly, it will confirm the strength of the bulls one more time. A bullish rally will push the prices to 2200 then. Bearish scenario: The market may drop from ATH as it happened 2 times in the past already. Your bearish confirmation will be a bearish breakout of a support of a rising channel on a daily. It will drop the prices at least to 2010. Current geopolitical and macroeconomic situation strongly support a bullish scenario. BUT I always say that it is safer to wait for a confirmation. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
GOLD (XAUUSD): Technical Outlook & Important Decision Ahead 🥇 Here is my detailed analysis for Gold. As you can see, the market is trading in a strong bullish trend. The price is steadily growing within a rising parallel channel. After the price reached its resistance, it started to consolidate within a narrow horizontal range on a 4H. We are expecting a PMI report and Powell speech later on today. Depending on the news, I see 2 potential scenarios. Bullish scenario. Bullish breakout of the resistance of the range - 4H candle close above may signify the strength of the buyers. A bullish continuation will be anticipated to 2060 then. Bearish scenario. The price may respect the resistance of the range and drop from that, extending the consolidation. Monitor the reaction of the price to that, and wait for a bearish pattern to sell. I would suggest strictly waiting for the news first. I will post the update then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
8
XAUUSD: Deceiptful 1D Golden Cross on All Time High territory?Gold entered the All Time High territory on heated overbought technicals on the 1D timeframe (RSI = 73.661, MACD = 29.580, ADX = 38.098) so far coming only a fraction away from hitting the May 4th 2023 ATH. Practically this is a Resistance line that formed long term tops and rejected the price another two times, on March 8th 2022 and August 7th 2020. The least immediate decline has been -6.15% (May 4th 2023) then -8.62% (March 8th 2022) and the maximum of -10.35% (August 7th 2020). Keep in mind that all three selloffs hit (or nearly hit) the 1D MA50. This time however, the market faces a significantly altered dynamic as along with the ATH test today, it formed a 1D Golden Cross. Every time since The August 7th 2020 High, Gold formed a 1D Golden Cross, a rally always followed. So far we've had four such formations into rallies. If the highest ever Golden Cross can be enough to invalidate the ATH and close a week over it, then we can expect the psychological level of 2,100 to be tested immediatelly. If not, then a minimum of -6.15% decline will send Gold to 1,955 and most likely by that time under the 1D MA50. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSD
by InvestingScope
GOLD ROUTE MAP & TRADING PLAN UPDATE - BOOOOM!!!Hey Everyone, What a PIPTASTIC finish to the week completing our full idea hitting 2066 AXIS target to seal the week, which was our last target on this chart. As stated throughout the week, when chasing targets all the way to the top its safer to take them from dips, as per our plans and Goldturns and we did exactly that riding buys from every dip allowing us to manage and avoid swing exposure. SOLID WEEK AND END TO THE MONTH!!! 2010 - DONE 2018 - DONE 2032 - DONE 2047 - DONE 2066 AXIS - DONE We will now come back Sunday with our multi timeframe analysis, trading plans and route map for gold for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a smashing weekend with family and loved ones!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another fantastic day of trading for us with our chart idea playing out to perfection!! Following on from yesterday, our cross and lock above 2010 confirmed 2018 and 2032. Both these targets are now hit - BOOOM!! We had plenty of time of get in for this movement, as the weighted level lock confirmed the breakout in advance. We now need to see 2032 cross and lock with ema5 to open the range above. A candle body close above 2032 will open the next level but a cross and lock of ema5 above 2032 will solidify confirmation 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 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 2010 - DONE EMA5 CROSS AND LOCK ABOVE 2010 WILL OPEN THE FOLLOWING BULLISH TARGET 2018 - DONE 2032 - DONE BEARISH TARGETS 1989 1978 EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE SWING RANGE 1952 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. Last week after the Bullish run we saw price range between the Goldturn structure. We were able to buy dips from support and take profit on our Goldturn resistance levels. We now have a bullish target at 2010 and a cross of ema5 above 2010 will open the upper range. We have price testing resistance at 2001 and a cross and lock above this level with ema5 will solidify the target at 2010 for the test. 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 2010 EMA5 CROSS AND LOCK ABOVE 2010 WILL OPEN THE FOLLOWING BULLISH TARGET 2018 2032 BEARISH TARGETS 1989 1978 EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE SWING RANGE 1952 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
5
Gold Nears Six-Month Peak Amid Fed's Moderate Policy OutlookGold prices continue their positive trend for the fourth consecutive day, nearing a multi-month peak. The belief that the Federal Reserve has completed interest rate hikes and is initiating policy easing in 2024 remains supportive. From a technical perspective, the overnight breakthrough above the horizontal resistance at $2,008-$2,010 is considered a new catalyst for bullish traders. Furthermore, oscillators on the daily chart comfortably stay in the positive zone, indicating that there is still room before entering overbought conditions. This, in turn, suggests that the path of least resistance for gold prices is to the upside. Therefore, a potential next move targeting the examination of the next relevant resistance around $2,035 seems to be a plausible scenario. This momentum could further extend towards the intermediate hurdle at $2,048 on the way to the year-to-date peak, around the $2,078 level touched in May. On the flip side, the current breach of the resistance level at $2,010-$2,008 appears to immediately shield against downward pressure before reaching the $2,000 mark. Further selling pressure leading to a descent below the $1,988-$1,987 zone could pave the way for deeper losses. Gold prices might then swiftly descend towards the $1,978 zone on the way to the region of $1,967-$1,966 and the support area at $1,955. A convincing break below this level would expose the Simple Moving Average (SMA) 200-day, currently closing near the $1,942 area, and converging at $1,935-$1,934, encompassing the SMA 100 and 50 days.
TVC:GOLD
by shariebalhornz
XAUUSD: Channel Up offering trading opportunities.Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP = 2,030. Sell if the 4H MA50 breaks (current Support) and target the 4H MA200, our current projected TP = 1,975 but will change depending on when the breakout happens. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Piptastic start to the week for us with our chart idea playing out from the get go. Yesterday we advised of our immediate Bullish target of 2010 and that a cross of ema5 above 2010 will open the upper range. The first part of this plan was completed today with our 2010 target hit with a bonus hit at 2018 clearing both targets. We now have 2032 open from the weighted level break at 2010, although 2018 is acting as resistance. A candle body close above 2018 or a cross and lock of ema5 above 2018 will solidify confirmation for this target at 2032. 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 2010 - DONE EMA5 CROSS AND LOCK ABOVE 2010 WILL OPEN THE FOLLOWING BULLISH TARGET 2018 - DONE 2032 BEARISH TARGETS 1989 1978 EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE SWING RANGE 1952 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GOLD - Short Squeeze Similar to 2008 ?Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In today's analysis, let's discuss the recent surge in gold. Have we seen this before or is it dejavu? In light of the recent fears concerning the banking system, gold has been increasing rapidly. Bitcoin follows on it's heels as many investors diversify into crypto. (Please check out related ideas below, I did a comprehensive update on the SVB collapse). Now let's get call it what it is - a short squeeze. A short squeeze is a situation that can occur in the trading of commodities, stocks or other financial assets where investors who have bet against a particular asset (by shorting) are forced to buy back the asset at a higher price than they initially sold it for. This can happen when there is a sudden surge in demand for the asset, causing its price to rise sharply, which then triggers a chain reaction of buying by short sellers who need to cover their positions. To understand how a short squeeze works, let's start with a brief overview of short selling. Short selling is a trading strategy in which investors sell borrowed shares of an asset, hoping to buy them back at a lower price in the future. The idea is to profit from a decline in the asset's price, as the short seller can buy back the shares at a lower price than they sold them for, pocketing the difference as profit. However, short selling is inherently risky, as there is no limit to how much the asset's price can rise. If the price of the asset increases, short sellers may be forced to buy back the shares at a higher price than they sold them for, resulting in a loss. Now, let's assume that a large number of investors have sold a particular asset short, betting that its price will fall. If the asset's price starts to rise instead, these short sellers may start to feel pressure to buy back the shares to cover their positions, as they do not want to incur further losses. As more and more short sellers start to buy back the asset, its price may continue to rise even further, which can create a feedback loop. This, in turn, can trigger more short sellers to buy back the asset, creating a self-reinforcing cycle of buying that can drive the price up even higher. At some point, the short sellers may become desperate to cover their positions, as they fear the asset's price will continue to rise. This can lead to a sudden surge in demand for the asset, which can cause its price to skyrocket. This sudden increase in demand for the asset, driven by short sellers trying to cover their positions, is what is known as a short squeeze. The short sellers are "squeezed" out of their positions, as they are forced to buy back the asset at a higher price than they initially sold it for. A short squeeze can happen after a strong bullish surge because gold is a popular asset for short sellers to bet against. Short sellers often sell gold futures contracts or exchange-traded funds (ETFs) with the expectation that the price of gold will fall, allowing them to buy back the contracts or ETFs at a lower price and pocket the difference as profit. However, if the price of gold starts to rise unexpectedly, these short sellers may become nervous and begin to buy back their positions to limit their losses. As more and more short sellers buy back their positions, this creates additional buying pressure, which can push the price of gold even higher. If the price of gold continues to rise, some short sellers may become desperate to cover their positions, as they fear that the price will continue to increase and their losses will mount. This can lead to a short squeeze, as short sellers compete with each other to buy back gold contracts or ETFs, driving the price even higher. Additionally, a short squeeze in the gold market can be exacerbated by the fact that gold is often seen as a safe-haven asset , particularly during times of economic uncertainty or geopolitical tension. During such periods, demand for gold can surge, leading to a sharp rise in its price. This can create a situation where short sellers are caught off guard and forced to cover their positions at a loss, which in turn can drive the price of gold even higher. One notable example of a short squeeze in the gold market occurred in the early 1980s. In the late 1970s, gold prices had surged due to high inflation, political uncertainty, and a weak US dollar. However, by the early 1980s, inflation had begun to decline and the US dollar had strengthened, leading many investors to believe that gold prices would fall. As a result, a large number of investors began to sell gold short, betting that prices would decline. However, in January 1980, the Soviet Union invaded Afghanistan, leading to a spike in geopolitical tensions and a surge in gold prices. This caused some short sellers to begin buying back gold in order to limit their losses, which in turn led to further price increases. As the short sellers continued to buy back gold, other investors began to take notice and also started buying, leading to a widespread short squeeze that caused gold prices to soar to an all-time high of $850 per ounce in January 1980. This short squeeze ultimately led to significant losses for many investors who had bet against gold, while those who had held long positions in the metal enjoyed substantial profits. During past short squeezes in the gold market, prices have risen significantly, sometimes reaching all-time highs. For example, as I mentioned earlier, in January 1980, gold prices reached an all-time high of $850 per ounce during a short squeeze. Another example occurred during the global financial crisis of 2008-2009, when investors flocked to gold as a safe-haven asset amid market turmoil. In March 2008, gold was trading around $900 per ounce, but by September 2011, it had reached an all-time high of $1,920 per ounce. Can it be possible to see something similar to this over the next few months ? In other words, be careful to short gold at resistance. This is exactly what would seems like a logical scenario after a period of upward trading, but we're trading at ATH's and in uncharted territory, so who can say where the next resistance zone is? It's important to note that short squeezes are unpredictable events and can be influenced by various market conditions and factors. Additionally, historical price movements may not necessarily indicate future price movements. Therefore, it's always important to conduct thorough research and seek professional financial advice before making any investment decisions. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
TVC:GOLDLong
by CryptoCheck-
39