Goldtradingstrategy
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2574 and a gap below at 2551. We will need to see ema5 cross and lock on either weighted level to determine the next range.
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
2574
EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET
2599
EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET
2622
BEARISH TARGETS
2551
EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET
2525
EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE
2638
SWING RANGE
2506 - 2484
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 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price lay between two weighted levels with a gap above at 2570 and a gap below at 2519, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range.
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
2570
EMA5 CROSS AND LOCK ABOVE 2570 WILL OPEN THE FOLLOWING BULLISH TARGET
2611
EMA5 CROSS AND LOCK ABOVE 2611 WILL OPEN THE FOLLOWING BULLISH TARGET
2654
EMA5 CROSS AND LOCK ABOVE 2654 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
BEARISH TARGETS
2519
EMA5 CROSS AND LOCK BELOW 2519 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2487 - 2450
EMA5 CROSS AND LOCK BELOW 2450 WILL OPEN THE SWING RANGE
SWING RANGE
2411 - 2368
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 UPDATEHey Everyone,
Please see our updated daily chart idea with updated weighted levels.
We are seeing price test a strong level of support at 2560 and ema5 cross and lock below this level will open the swing rage for a reaction below.
We also have a longer range weighted level resistance level above at 2629. A cross and lock above this level will confirm 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, 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
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
This is an update on the weekly chart idea we have been tracking for over a month now.
After smashing all our Bullish targets we are now seeing the well overdue correction into the retracement range. The channel top and the retracement range are good areas of support for a reaction.
We have a body close below the retracement range opening the swing range. However, ema5 cross and lock will further confirm and strengthen this. The new weekly candle this week will have an ema5 defacement to the top of the channel, so may see some correction above to re- attach.
We will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps for the future.
We are now seeing price break back inside the channel, and therefore will now track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps for the future..
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD 17.11.2567Here is my outlook on gold for the upcoming week and beyond regarding swing trading:
Due to the break of the main trend, the sentiment for a downtrend has emerged. With a wide price movement range, there is a possibility that the chart will move as illustrated.
I hope this analysis is helpful for everyone.
You can follow and support me on various social media platforms by searching for Invest Research .
GOLD - Potential sell !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB around 2600.
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DOW JONES - Idea for a long position !!Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we have the same scenario as on S&P500, we are bullish, so I expect a long position if price fills the imbalance lower and then rejects from trendline.
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XAUUSD:15/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2627, support below 2500
Four-hour resistance 2581, support below 2535
Gold operation suggestions: Yesterday, gold technically fell and then rose, and the deep V rebound rebounded strongly. The price of the Asian and European sessions was under pressure at the 2580 mark and fell rapidly. The European session further retreated downward and broke through the 2570 mark to reach 2560 and fell into sideways fluctuations. Before the US session, it quickly fell down and broke through the 2540 mark to reach 2536 and stabilized, and finally formed a deep V rebound, breaking through and standing on the 2570 mark to reach 2578 and fell under pressure to close. The short-term decline in gold prices may have bottomed out at 2636.
Today, the short-term support of 2550-2553 is concerned below, and the short-term pressure above is concerned around 2588-90. The overall support for the day is to sell high and buy low in the 2550-2590 area. At present, the decline of gold has almost reached a certain level, and it is likely to start to fluctuate and consolidate. In the short term, the gold price will stabilize at the 2536 mark and fluctuate upward to repair the previous decline. Do not short at will at a low price.
BUY:2550near SL:2545
SELL:2581near SL:2585
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
GOLD SHORT next weekhello traders
i think gold going short soon actually earlier monday will be long to 2431 then on late london sesion after it reach its destination its going short.
so we can short after price action confirmation from 2431-2441
first Tp: 2360
second tp: 2311
stop loss: depend on price ation entrance not bigger than2450- 2470
after its rest in last resrvation TP2 it will be seeking for its Long movement up.
Gold XAUUSD How Long This Correction Will Continue! Read CaptionOANDA:XAUUSD forms a retreat and tests 2577 following a fake breakdown of 2546. After such a severe fall, it is a very reasonable response. The dollar is growing more quickly, and the fundamental context is still negative.
China's ambiguous economic figures heightened economic worries. Powell stated that there is no need to lower interest rates right now because the economy is still expanding, the job market is strong, and inflation is still above the 2% target, but this uncertainty regarding future rate reduction by the US Federal Reserve is still weighing on the markets.
Now, everyone's eyes are on the crucial retail sales data.
Technically, it is important to watch the resistance at 2589 and the 0.5-0.7 fibo. Below these areas, a false breakdown and consolidation could lead to a collapse.
Resistance levels: 2578, 2592, 2604.
Support levels: 2543, 2532, 2504
Key : 2565
OANDA:XAUUSD Gold is currently indicating that the pullback up might be a little drawn out. Before the news, MM will probably aim for liquidity (above these levels). Bears may become active in response to a false breakout, which would only boost sales.
However, the likelihood of a breakdown and decline will rise if there is a bounce from 0.5 fibo and a smooth recovery to 2546.
Gold ushered in continued decline
Yesterday, the gold price fluctuated around the 2560 dollar mark. Is a drop important or not? The current range of gold is still 2580-2535. 2580 is also the watershed of strength and weakness. At the same time, if it falls below 2535, the probability of gold falling to 2500 will increase; if it breaks through 2580 and stabilizes, the probability of gold retesting the pressure will increase. Therefore, the general direction today can only look at this range for the time being.
Today, the gold price still has the risk of continuing to fall. "Bottom fishing" seems to have become a derogatory term in the market. Any currency has lost this function. Short selling has become the only choice and the best direction. If gold loses the support of 2535, it will fall by another 50 US dollars. Today's high and low point area has become the key to the long-short game.
Gold point: 2568-70 short orders continue to be held in the early trading. Those who have not entered the market can enter the market directly if the rebound does not break 2565. Let's look at the decline today! The target is the 2543-2535 line!
Gold rebounded strongly, short-term bearish, long-term bullishGold bottomed out and rebounded yesterday, and rose sharply in the late trading, approaching the resistance of 2578! The daily MA5 moving average moved down to 2583, the four-hour MA10 moving average was 2570, and the lower track of the Bollinger band was 2588. The top and bottom conversion position of the previous low was 2590, and the hourly RSI indicator returned to the central axis. The upper track of the Bollinger band closed at 2580 and the lower track was 2545. The intraday trading range oscillation idea layout, short-term participation in short-selling, long-term bullish.
The gold 1-hour moving average continued to cross the short arrangement, and the gold moving average resistance now moved down to around 2580. Gold began to fall under pressure at 2578 in the US market yesterday. Today, the Asian market rebounded to around 2580 and can enter the market.
First support: 2556, second support: 2545, third support: 2530
First resistance: 2580, second resistance: 2590, third resistance: 2605
Trading strategy:
You can sell high and buy low near the first resistance 2556 and the first support 2580. If the NY session fluctuates greatly, pay attention to the second resistance and support
Gold Price Analysis For Next Move? Read CaptionOANDA:XAUUSD dropped from 2790 and currently trading on 2557 it will consolidate here from range of 2546-2557 and will make a rectangle pattern , once rectangle constructed it will breakout the rectangle and give the targets given in chart.
Gold have just completed its Elliott 4th Wave in Day time frame and also completed 5th impulsive wave in short time from from H1 to 5min now, now it will do corrective move in short term and 5th impulsive move in high time frame
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
This is the monthly chart idea for our long term/range analysis, which we shared in September. We have now completed two bull targets and stated both months left a big detachment to ema5 which needed a well overdue correction.
This monthly chart detachment is now complete, as highlighted by the circle on the chart. This now provided the support and bounce allowing us to buy dips inline with our plans.
Our 1H and 4h Charts have completed all bearish targets and now broken through all support. However with the breakout below, each of our weighted levels gave the 30 to 40 pip bounces just like we said.
This area is a strong level of support with ema5 providing dynamic support now for a bounce. Each of the lower Goldturn levels below are likely to give re-actional bounces just like our shorter time frame ideas.
However, we will keep in mind the channel top that may require a support test and will use all support structures across all our multi time frame chart ideas to buy dips also keeping in mind our long term gap above. Short term we may look bearish but looking at the monthly chart allows you to see the bigger picture the overall long term Bullish trend.
We will update our Multi timeframe route map with updated levels on Sunday.
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
XAUUSD: 14/11 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2627, support below 2500
Four-hour resistance 2585, support below 2550
Gold operation suggestions: Yesterday, gold technically rose and then fell in volatile trading. The price stabilized at the 2600 integer mark in the Asian and European sessions and ushered in a volatile rebound and repair. Under the influence of CPI data, the gold price in the US session rose slightly and pierced the 2618 mark, and then fell back due to resistance. The overall price once again lost the 2600 mark and formed a weak unilateral downward pattern.
From the daily analysis, today's upper resistance focuses on the 2580~85 line suppression. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about breaking the bottom. The short-term gold price is the watershed between long and short strengths and weaknesses at 2605. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend.
SELL:2581near SL:2586
SELL:2565near SL:2568
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold’s decline is not over yet, so be cautious when buying botto
On Wednesday, as the US CPI rebounded as expected in October, the US dollar index remained strong, hitting a new high this year at 106.77. US Treasury yields soared collectively, with the benchmark 10-year US Treasury yield closing at 4.468%; the two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.294%.
Spot gold fell for the fourth consecutive trading day, hitting a daily high of $2,618 after the release of the CPI data, and then continued to fall. As of now, the lowest point has reached 2,555.
First of all, from the current 12-hour chart of gold:
It can be seen that the sequence 7 signal has appeared, which proves that gold is still in a downward trend.
There is no momentum to stabilize upward at present.
The first support position below is currently around 2,550.
If it falls below 2,550, the market may directly touch the low point near 2,520.
From the hourly chart:
It is a direct drop of $100 from around 2,710.
If we calculate from the 2620 level last night, and copy the previous market trend and drop by 100 US dollars, then it is around 2520.
The probability of gold breaking below 2550 is very high. Once it breaks below here, it will target 2520.
For the current operation, if it breaks below 2550 directly, then I think we can directly chase it and look at the 2520 level.
If 2550 is not broken for a short time, then wait for the rebound to around 2665 to enter the market and short.
On the contrary, if you want to go long, you need to wait until 2520.