Under pressure in the short term, short gold after rebound!In the short term, gold has risen sharply under the simultaneous stimulation of tariffs and geopolitical conflicts, but it has gradually fallen back after reaching around 3392, and has not broken through the 3400 mark in one fell swoop, indicating that the bullish momentum does not have the potential to continue to rise for the time being, so it may still need a certain degree of technical support, so gold has a need to retrace in the short term;
In addition, if gold continues to retrace, then there may be a structural form at the technical level that offsets the short-term double bottom structure support, so gold may also form a double top structure in the short term. The first thing we need to pay attention to is the resistance near 3370, followed by the resistance near 3390; and below we must first pay attention to the support near 3345, followed by the 3330-3320 support area.
Trading strategy:
1. Consider continuing to short gold in the 3370-3380 area, TP: 3355-3345;
2. If gold first retreats to the 3345-3335 area and does not fall below this area, consider going long on gold; TP: 3360-3370
Goldtradingstrategy
Keep gold shorts open and look forward to profits!After breaking through the resistance areas near 3335 and 3355, gold continued to rise to around 3379; although the rise in gold was relatively large, after gold touched above 3370, the bullish momentum weakened and there were signs of high-level stagflation, so gold is still expected to usher in a wave of retracement in the short term.
After the sharp rise in gold, the current relatively obvious support area is located in the 3345-3335 area. If gold cannot effectively break through 3380, then gold is expected to retrace to test the support of the 3345-3335 area again.
As the trading strategy shared in my previous opinion, I have shorted gold in batches in the 3370-3380 area as planned. At present, we still hold short positions. Let us look forward to the expected retracement of gold!
CAPITALCOM:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed.
We started the day with our Bullish target hit at 3305 followed with ema5 cross and lock confirmation for 3334, which was hit perfectly with a further lock opening 3359 also completed.
We now have a cross and lock above 3359 opening 3389. We will continue to track the movement using cross and lock and any rejections on the levels will see price test the lower Goldturns for support and 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 then catch bounces up.
We will continue to buy dips using our support levels taking 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3305 - DONE
EMA5 CROSS AND LOCK ABOVE 3305 WILL OPEN THE FOLLOWING BULLISH TARGETS
3334 - DONE
EMA5 CROSS AND LOCK ABOVE 3334 WILL OPEN THE FOLLOWING BULLISH TARGET
3359 - DONE
EMA5 CROSS AND LOCK ABOVE 3359 WILL OPEN THE FOLLOWING BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3271 WILL OPEN THE FOLLOWING BEARISH TARGET
3227
EMA5 CROSS AND LOCK BELOW 3227 WILL OPEN THE SWING RANGE
3185
3146
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
Trading opportunities after gold accelerates its rallyTechnical analysis:
Gold has risen sharply and has broken through the resistance areas near 3330 and 3355. In the short term, gold has formed an upward force and has a clear willingness to rise. At present, gold bulls still have the potential to continue to test the 3370-3380 area. As gold rises and breaks through, the 3340-3330 area below has become a strong support in the short term; if gold cannot fall below this support area during the retracement, gold may even continue to rise and try to hit the 3405-3415 area.
Trading strategy:
1. Consider going long on gold after gold retreats to the 3340-3330 support area, TP: 3360-3370;
2. Consider going short on gold in small quantities after gold first touches the 3370-3380 area, TP: 3355-3345.
Gold Price Forecast – Bullish Reversal from Support Zone.This 2-hour chart of Gold Spot (XAU/USD) displays a technical analysis setup with key support and resistance zones. The price recently bounced from a significant green support zone near $3,260, suggesting bullish momentum. The projected blue zigzag arrow illustrates a potential upward price movement towards the $3,340 resistance area, indicating a bullish reversal scenario. Volume bars at the bottom highlight recent buying interest. If the price sustains above the immediate resistance (~$3,280), it may continue to rise, targeting successive resistance levels around $3,320 and $3,340.
GOLD 1H CHART ROUTE MAP UPDATE & 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 3305 and a gap below at 3271. 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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3305
EMA5 CROSS AND LOCK ABOVE 3305 WILL OPEN THE FOLLOWING BULLISH TARGETS
3334
EMA5 CROSS AND LOCK ABOVE 3334 WILL OPEN THE FOLLOWING BULLISH TARGET
3359
EMA5 CROSS AND LOCK ABOVE 3359 WILL OPEN THE FOLLOWING BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3271 WILL OPEN THE FOLLOWING BEARISH TARGET
3227
EMA5 CROSS AND LOCK BELOW 3227 WILL OPEN THE SWING RANGE
3185
3146
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 UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3314 and a gap below at 3248. 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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3314
EMA5 CROSS AND LOCK ABOVE 3314 WILL OPEN THE FOLLOWING BULLISH TARGETS
3363
EMA5 CROSS AND LOCK ABOVE 3363 WILL OPEN THE FOLLOWING BULLISH TARGET
3412
EMA5 CROSS AND LOCK ABOVE 3412 WILL OPEN THE FOLLOWING BULLISH TARGET
3468
BEARISH TARGETS
3248
EMA5 CROSS AND LOCK BELOW 3248 WILL OPEN THE FOLLOWING BEARISH TARGET
3194
EMA5 CROSS AND LOCK BELOW 3194 WILL OPEN THE SWING RANGE
3130
3077
EMA5 CROSS AND LOCK BELOW 3077 WILL OPEN THE SECONDARY SWING RANGE
3012
2988
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 ROUTE MAPHey Everyone,
Here's an update on the daily chart setup we've been tracking and trading successfully over the past few weeks.
As anticipated, price action rejected off the midline of the channel and produced a strong bounce, exactly as we had analysed. This move reached the 3272 Goldturn level and closed above it, opening the path for a potential test of the channel top near 3433. We captured a solid move of over 600 pips, aligning perfectly with our strategy of buying the dips for the ideal swing setup.
The channel half line continued to provide support and bounces, with a gap left above at 3433. Our channel top also falls in line with this level.
Please note that the gap remains open, but we are not looking to chase from the top. We'll continue to focus on buying pullbacks for better entries.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake outs and real breakouts, cutting out much of the noise that usually confuses traders.
Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalise on quick moves without getting caught in the chop of larger swings.
Thank you all again for your continued likes, comments, and follows, we truly appreciate your support!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Here’s our latest weekly chart update. Once again, the Goldturn Channel continues to prove its reliability, with price action unfolding just as anticipated.
Last update on this chart, we noted multiple failed attempts to break above the channel top, each confirmed by the EMA5 being unable to close through resistance. This led to a pullback as low as 3189, nearly touching the 3094 level right near the channel's half line, a key support zone we've been closely monitoring.
This week, we saw the rejection from the channel top. The channel top gave the rejection into the lower 3281 axis level. Despite the drop, there was no close below 3281, which has provided continuous bounces on the smaller timeframes. Price action is now playing between the 3281 level and the channel top.
We’ll be watching closely for a decisive break on either side to determine the next directional move. The 3387 gap also remains open and in play.
As long as price remains above the channel half line and especially now above 3281, we will continue looking for dip buying opportunities on retracements, using our intraday levels for targeted 20 to 40 pip moves. If the price pulls back below these key levels, we’ll reassess for potential downside toward the lower boundary of the channel.
This is exactly why we stick with our Goldturn Channel methodology, our proprietary system based on weighted averages. It cuts through the market noise, distinguishes real breakouts from fake outs, and empowers us to trade with confidence and clarity.
Thanks again for your continued support, your likes, comments, and follows mean a lot.
MR GOLD
GOLDVIEWFX
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great way to wrap up the week! We saw quite a bit of sideways ranging movement between our levels, and our 1H chart idea played out nicely throughout the week, and now we end the week with our 4H chart update.
As anticipated, the 4H chart followed through perfectly with our bearish target at 3312 hit first, followed by EMA5 cross and lock, which opened the Retracement Range. This range was reached with precision, and the absence of any further cross and lock confirmed strong support, leading to a bounce back to 3312, just as we expected in our buy the dip strategy.
We’ll be back on Sunday with our multi-timeframe analysis and trading plans for the week ahead. Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
MR GOLD
GOLD ROUTE MAP UPDATEHey Everyone,
Please see the update on our 1H chart route map - playing out exactly as analysed.
We started the week with a bearish gap at 3352 being hit, followed by an EMA5 cross and lock below 3352, which opened up the next level at 3317, also hit perfectly.
Yesterday, we found support above the 3282 retracement level, leading to a solid bounce into 3317. However, there was no EMA5 lock above 3317, and price faced rejection today once again, pushing it back toward 3282.
We are now looking for support to hold above 3282 to give us fresh bounce opportunities and upper Goldturn tests. However, a lock below 3282 will open up lower levels as we move deeper into the retracement range.
We are expecting continued reactions within this retracement range, in line with our plan to buy dips. Our updated levels and weighted levels help us track downward movements and catch bounce setups.
We'll continue to buy dips using our key support levels, targeting 20 to 40 pip moves. As always, each level structure provides consistent bounce zones, offering great opportunities for both entry and exit. If you backtest the levels we’ve shared every week over the past 24 months, you’ll see how effectively they work with or against short to mid term swings and trends.
Remember:
Swing ranges yield bigger bounces than weighted levels — that’s the key difference.
BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGET
3517
BEARISH TARGETS
3352 - DONE
EMA5 CROSS AND LOCK BELOW 3352 WILL OPEN THE FOLLOWING BEARISH TARGET
3317 - DONE
EMA5 CROSS AND LOCK BELOW 3317 WILL OPEN THE FOLLOWING BEARISH TARGET
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3233
EMA5 CROSS AND LOCK BELOW 3233 WILL OPEN THE SWING RANGE
3185
3146
As always, we’ll keep you all updated with real time analysis and management of active setups throughout the week. Thank you for your continued support, your likes, comments, and follows mean a lot!
Mr Gold
GoldViewFX
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 1H chart route map, playing out as analysed.
We started the week with a bearish gap at 3352 being hit, followed by ema5 cross and lock below 3352, which opened up the next level at 3317, also hit perfectly. We are now seeing ema5 cross and lock below 3317, opening the retracement range, which is currently being tested. We are expecting a reaction within this retracement range, aligning with our plan to buy dips.
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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGET
3517
BEARISH TARGETS
3352 - DONE
EMA5 CROSS AND LOCK BELOW 3352 WILL OPEN THE FOLLOWING BEARISH TARGET
3317 - DONE
EMA5 CROSS AND LOCK BELOW 3317 WILL OPEN THE FOLLOWING BEARISH TARGET
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3233
EMA5 CROSS AND LOCK BELOW 3233 WILL OPEN THE SWING RANGE
3185
3146
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 UPDATEHey Everyone,
Please see our updated 4H chart levels and targets for the coming week.
Price is currently ranging sideways between the two key weighted levels at 3378 and 3312, with both gaps still open. We are closely monitoring these areas for a potential breakout. Until then, we expect continued sideways action within this range.
We are watching for the EMA5 to cross and lock above or below these levels to confirm the next directional move. Once that happens, we will adapt accordingly, either to the upside or downside for buying dips.
Until a clear break occurs, we anticipate price to test both levels. Our strategy remains to buy dips, using smaller timeframe support levels to capture 20–40 pip bounces, as we’ve consistently done. These intraday moves offer solid entry and exit opportunities in line with the current market structure.
As always, our updated weighted levels and swing ranges provide the framework to identify key reaction points, helping us trade both short and mid term moves effectively.
BULLISH TARGET
3378
EMA5 CROSS AND LOCK ABOVE 3378 WILL OPEN THE FOLLOWING BULLISH TARGETS
3438
EMA5 CROSS AND LOCK ABOVE 3438 WILL OPEN THE FOLLOWING BULLISH TARGET
3496
EMA5 CROSS AND LOCK ABOVE 3496 WILL OPEN THE FOLLOWING BULLISH TARGET
3555
BEARISH TARGETS
3312
EMA5 CROSS AND LOCK BELOW 3312 WILL OPEN THE FOLLOWING BEARISH TARGET
3249
EMA5 CROSS AND LOCK BELOW 3249 WILL OPEN THE SWING RANGE
3198
3119
EMA5 CROSS AND LOCK BELOW 3249 WILL OPEN THE SECONDARY SWING RANGE
3046
2988
As always, we will continue to provide regular updates throughout the week as we manage and execute the setups.
Thank you all for your continued support, your likes, comments, and follows are always appreciated!
Mr Gold
GoldViewFX
GOLD 1H CHART ROUTE MAP UPDATE & 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 3389 and a gap below at 3352. 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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGET
3517
BEARISH TARGETS
3352
EMA5 CROSS AND LOCK BELOW 3352 WILL OPEN THE FOLLOWING BEARISH TARGET
3317
EMA5 CROSS AND LOCK BELOW 3317 WILL OPEN THE FOLLOWING BEARISH TARGET
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3233
EMA5 CROSS AND LOCK BELOW 3233 WILL OPEN THE SWING RANGE
3185
3146
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 UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3378 and a gap below at 3312. 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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3378
EMA5 CROSS AND LOCK ABOVE 3378 WILL OPEN THE FOLLOWING BULLISH TARGETS
3438
EMA5 CROSS AND LOCK ABOVE 3438 WILL OPEN THE FOLLOWING BULLISH TARGET
3496
EMA5 CROSS AND LOCK ABOVE 3496 WILL OPEN THE FOLLOWING BULLISH TARGET
3555
BEARISH TARGETS
3312
EMA5 CROSS AND LOCK BELOW 3312 WILL OPEN THE FOLLOWING BEARISH TARGET
3249
EMA5 CROSS AND LOCK BELOW 3249 WILL OPEN THE SWING RANGE
3198
3119
EMA5 CROSS AND LOCK BELOW 3249 WILL OPEN THE SECONDARY SWING RANGE
3046
2988
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 ROUTE MAPHey Everyone,
Here's an update on the daily chart setup we've been tracking and trading successfully over the past few weeks.
As anticipated, price action rejected off the midline of the channel and produced a strong bounce, exactly as we had analysed. This move reached the 3272 Goldturn level and closed above it, opening the path for a potential test of the channel top near 3433. We captured a solid move of over 600 pips, aligning perfectly with our strategy of buying the dips for the ideal swing setup.
Please note that the gap remains open, but we are not looking to chase from the top. We'll continue to focus on buying pullbacks for better entries.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake outs and real breakouts, cutting out much of the noise that usually confuses traders.
Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalise on quick moves without getting caught in the chop of larger swings.
Thank you all again for your continued likes, comments, and follows, we truly appreciate your support!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Here’s our latest weekly chart update. Once again, the Goldturn Channel continues to prove its reliability, with price action unfolding just as anticipated.
Last week, we noted multiple failed attempts to break above the channel top, each confirmed by the EMA5 being unable to close through resistance. This led to a pullback as low as 3189, nearly touching the 3094 level right near the channel's half line, a key support zone we've been closely monitoring.
We caught an early bounce off that half line, supported by confluence on our 1H and 4H setups, and that momentum has carried through into this week.
This week, we saw that bounce continue firmly off the half line, pushing price back up toward the channel top. Price has now closed above both the 3281 axis and the channel top, confirming a strong breakout and leaving an open gap toward 3387. This move not only validates our strategy but also reinforces the strength of the Goldturn system in capturing high probability swings.
As long as price remains above the channel half-line and especially now above 3281, we will continue looking for dip buying opportunities on retracements, using our intraday levels for targeted 20–40 pip moves. If the price pulls back below these key levels, we’ll reassess for potential downside toward the lower boundary of the channel.
This is exactly why we stick with our Goldturn Channel methodology our proprietary system based on weighted averages. It cuts through the market noise, distinguishes real breakouts from fake outs, and empowers us to trade with confidence and clarity.
Thanks again for your continued support, your likes, comments, and follows mean a lot.
MR GOLD
GOLDVIEWFX
GOLD ROUTE MAP UPDATEHey Everyone,
What a Piptastic end to the week with our chart idea playing out exactly as anticipated, step by step.
Yesterday, after we cleanly hit 3308, we highlighted a confirmed cross and lock above this level, opening 3343, as the next key target. This level has now been struck with precision, completing the target.
Currently, 3343 is being tested. A ema5 cross and lock above this zone, will open the path toward 3373. However, failure to hold here may lead to a rejection and a move back to test lower Goldturns, just as we've seen this week, where price found support on Goldturns, inline with our plans to buy dips.
BULLISH TARGET
3236 - DONE
EMA5 CROSS AND LOCK ABOVE 3236 WILL OPEN THE FOLLOWING BULLISH TARGETS
3278 - DONE
EMA5 CROSS AND LOCK ABOVE 3278 WILL OPEN THE FOLLOWING BULLISH TARGET
3308 - DONE
EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3343 - DONE
EMA5 CROSS AND LOCK ABOVE 3343 WILL OPEN THE FOLLOWING BULLISH TARGETS
3373
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD ROUTE MAP UPDATEHey Everyone,
Another strong day in the markets!
After hitting our bullish targets at 3236, 3278, and 3308 earlier this week, yesterday we identified and stated that we have EMA5 cross and lock above 3308, opening the move to 3343.
- 3343 target was reached with precision, completing the move as planned.
However, with no further lock above 3343, we saw the rejection, driving price back into the lower Goldturn zones for support and clean bounces just like we stated.
We’ll continue tracking price level by level, guided by EMA5 confirmations and buying the dips, inline with our plans.
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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3236 - DONE
EMA5 CROSS AND LOCK ABOVE 3236 WILL OPEN THE FOLLOWING BULLISH TARGETS
3278 - DONE
EMA5 CROSS AND LOCK ABOVE 3278 WILL OPEN THE FOLLOWING BULLISH TARGET
3308 - DONE
EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3343 - DONE
EMA5 CROSS AND LOCK ABOVE 3343 WILL OPEN THE FOLLOWING BULLISH TARGETS
3373
EMA5 CROSS AND LOCK ABOVE 3373 WILL OPEN THE FOLLOWING BULLISH TARGETS
3418
BEARISH TARGETS
3184
EMA5 CROSS AND LOCK BELOW 3184 WILL OPEN THE FOLLOWING BEARISH TARGET
3146
EMA5 CROSS AND LOCK BELOW 3146 WILL OPEN THE SWING RANGE
3103
3069
EMA5 CROSS AND LOCK BELOW 3069 WILL OPEN THE SECONDARY SWING RANGE
3030
2981
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