GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today with price finding support just above the retracement level and then hitting 2650, as highlighted on the chart and now heading towards the 2674 Bullish target.
We will need to wait for ema5 cross and lock above 2674 to confirm the range above or failure to lock above will see price test the lower Goldturns again and the weighted Goldturns for the bounces.
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
2674
EMA5 CROSS AND LOCK ABOVE 2674 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
POTENTIALLY 2716
BEARISH TARGETS
2650 - DONE
EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2620
EMA5 CROSS AND LOCK BELOW 2620 WILL OPEN THE SWING RANGE
SWING RANGE
2588 - 2558
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
Goldtradingstrategy
Gold is in the bullish direction after correcting the supportHello 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 4H Trend Continuation Setup Gold is currently trading under the FibCloud and touching the 0.6 Fibonacci retracement level on the 4-hour chart. While this setup favors a continuation of the downtrend, there’s also a possibility of a breakout at this stage. I expect a potential test of the 2,658 Sunday open area before the market shows its true direction. So far, Gold has been printing a well-controlled downtrend, but it’s important to stay alert for any changes in momentum.
Technical Analysis:
• Gold is trading below the FibCloud, signaling bearish momentum.
• The price is testing the 0.6 Fibonacci retracement, a key level that could either result in a trend continuation or a breakout.
• A retest of the 2,658 Sunday open area may occur before the market confirms its next move.
• I’m expecting a move towards the 2,600-2,620 price range if the downtrend continues.
At this point, the trade could go either way—continuing the downtrend or breaking out. The 2,658 area will be key in determining the next move. For now, Gold has maintained a structured downtrend, and I’m favoring a short position targeting the 2,600-2,620 range. As always, proper risk management is essential in these conditions.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
XAUUSD: Lows not yet seen, continue to sell at high levelsYesterday, the US dollar index began to rise after Powell's speech, reaching 100.9, and US bond yields also rebounded collectively. Affected by the rise of the US dollar and US bond yields, as well as the influx of a large amount of profit-taking funds into the Chinese stock market, gold has continued to fall recently, and yesterday's lowest point reached 2624 US dollars.
So is this the low point?
I think gold is currently in a downward trend and has not yet formed a bottom pattern. It will only rebound but not reverse.
From the trend in the hourly chart, we can see that the gold price is running along the downward trend channel. Now it is again above the trend channel of 2645, so I think the possibility of a breakthrough is not great, so I am going to short around 2645.
10.1 Analysis of gold short-term technical operations1. The daily line has adjusted for two days and just stepped back on the 10-day moving average. According to the bulls, this is a typical correction. The biggest step back in the strong trend is 10 days. Whether it can go up today is very critical.
2. The usual high-rise and fall in the morning, the European market is weak. For the continuous market, the European market is weak and the US market is difficult to increase.
3. Yesterday, the US market retreated twice, and the European market broke the bottom, and the US market was weak after the bottom.
It cannot continue the retracement. 2623 is the retracement of the rise to 382, which is very critical. It breaks the bottom and affects the bulls.
In addition, the daily line is weak, so the rise is affected.
And today, it is above the turning point of long and short.
The watershed in the morning is 2640. It is not considered whether the European market will go through a cyclic retracement for the time being.
Gold Thoughts 01-Oct-2024Happy New Month all, Kindly see my Gold thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Gold's short-term downturn has passed, go long at 30Gold is long near 2630.
Gold has gone out of the turning point, the decline is over, and it is about to start rising. Go long in the short term today, seize this opportunity to get a big wave.
Gold fell back to the moving average and closed with a hammer line, and the turning point signal is obvious. Go long near 2630. If we look at the moving average, it also meets the bullish trend, because every time the gold price falls back to the moving average, there will be a rebound. Can it rebound and break the historical high? Let's not consider it for now, grab the long orders near 2630, and let the market give us the rise we want.
Trading strategy:
Gold is long at 2630, stop loss at 2620, target 2650-------2655
Still holding short positions, 2630 is not the end!So far, I still insist on holding short positions and executing mid-term trading as planned. So far, the lowest price of gold has reached around 2630. Although it has rebounded and returned to around 2640. But it is obvious that the high point of gold rebound is gradually decreasing, and as gold continues to fall below 2650 and 2640, it also means that the adjustment cycle has been prolonged to a certain extent. So it is obvious that gold has not completely stabilized and is expected to continue to pull back.
So 2630 is not the end point, gold is expected to continue to fall, and it is very likely to retest around 2600 again, and it may even fail to hold 2600 and have to test around 2580. So I still stick to the mid-term trading plan, short gold, and wait for the fruits of victory!
Bros, let's wait and see!
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
I wanted to start the week with an update on our weekly chart idea shared yesterday. We stated and highlighted the detachment below for the correction and we also advised that we were looking for are-test on the channel top.
We are looking for support above the channel top for a bounce and continuation. However, as stated yesterday; If we get a break inside the channel then we will track the movement with the levels highlighted within the channel and our smaller timeframe chart ideas to track the movement down and catch the bounces up.
If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET.
The overall structure still remains Bullish, we just need to manage swings inline with corrections, which are always likely after a strong bull run..
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we wanted to short from the 2630-35 region into the lower levels, which worked but we only managed to get 2613 when we wanted 2610. Ideally, we wanted lower to then access the price action and look for the long, however, that long came early and we managed to capture the move both down and then up completing our bias target levels plus the extra pip capture into the highs to end the week.
A great week not only on gold but we completed 32 targets giving our traders a phenomenal pip capture across the markets. Nice, easy, clean trading!
So, what can we expect in the week ahead?
We've had some more geopolitical news over the weekend so there is a chance that we will see some opening gaps on the markets. We also have NFP this week, so towards the end of the week can expect the usual pre-event price action and ranging to form.
Now, due to us expecting these potential gaps, best practice is to let Monday early session do what it needs to do, instead plot the levels and look for the RIPs to capture the scalps, ideally on the red boxes.
We have the immediate levels above at 2665/7 resistance, which is a crucial level price needs to reject to continue the move downside! For that reason, we are giving a bias level of bearish below 2670 provisionally with an extension of the move into 2675 which is the flip. If we attack these levels, and get the reaction we need, we feel these levels will represent opportunities to short into the lower levels 2650-55 and below that 2630-35.
If broken above, we get that flip and we’ll be looking to target that 2701 level and above that we have 2707, which is where we may get further opportunities to attempt the short again.
Important: There is an extension of this downside move, and it’s below our bias level bullish above 2630-35. Oddly enough, we also have an Excalibur target sitting down there active! We will want to see how the market opens and what they do in the early session before we make up our minds on that move. NFP could through a spanner in the works for traders!
For now, we’ll stick with the above and as usual we’ll update traders through the week.
Look out for KOG’s bias of the day, KOG’s red boxes and the indicator levels which are published for the wider community.
KOG’s Bias for the week:
Bearish below 2670 with targets below 2650 and below that 2635
Bullish on break of 2675 with target above 2685 and above that 2701
RED BOXES:
2665 break above for 2672 / 2685 / 2701 / 2707
2650 break below for 2635 / 2624 / 2620
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
9.30 If the short-term gold high is not broken, it will be a corTechnically, the 2670 level has become an important resistance level, which has not been broken through many times. The Bollinger Bands have begun to close. From all angles, gold will not rise in the short term.
With such a big thing happening in the Middle East, gold should have started a wave of $50 rise, but it didn't. That must be because gold digested the news in advance. If there is no positive news, gold will turn to a sharp drop.
Intraday operation:
SEII: 2665 Stop loss: 2672
BUY: 2645 Stop loss: 2640
Gold Thoughts 30-Sept-2024Happy New Week all, Kindly see my Gold thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Gold is in the bullish direction after correcting the supportHello 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
XAU/USD Sell to Buy idea (potential pullback?)I’m watching for a potential sell around the 2-hour supply zone. Specifically, I'll be looking for the Asian session high to be taken out, followed by a Wyckoff distribution on the lower time frames. Since this setup is counter-trend, I expect it to mark a possible reversal point for gold, as the Wyckoff pattern has already played out on the higher time frames and the market structure has shifted to the downside.
If price continues to drop, I’ll shift my focus to potential buy opportunities around the 2,630 level. Once price enters this zone and shows signs of accumulation, I’ll look to trade with the overall bullish trend, as I remain optimistic on gold’s long-term upside.
Confluences for Gold Sells:
- A Wyckoff distribution has occurred on the higher time frames.
- The market structure has shifted downward (price changed character).
- Price is nearing the 2-hour supply zone, which could trigger a reversal.
- Despite gold’s bullish trend, bullish momentum seems to be weakening.
- If a full reversal doesn’t occur, a pullback is still likely before price continues upward.
Note: If price breaks above this supply zone and makes a new all-time high (ATH), I’ll look for a nearby demand zone to catch buys before price mitigates the 8-hour or 10-hour demand below.
GOLD DAILY CHART SHORT/MID TERM ROUTE MAP Hey Everyone,
Please see our updated daily chart idea with updated retracement, swing range and Goldturn levels.
We are seeing price between two weighted levels. We have 2690 Goldturn resistance and 2645, as Goldturn support.
We currently have a gap above at 2690, as we had ema5 cross and lock above 2645 opening 2690. The daily chart averages are lagging so sometimes gaps get filled before ema5 confirmation, in which case candle body close gaps are suffice. This gap has ema5 cross and lock leaving 2690 gap open before the rejection to find support at 2645 Goldturn for the bounce.
Please note a break below 2645 will also open the lower range, which we can use to track the movement down and catch the bounces up.
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.
Our long term bias is Bullish and therefore we will 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,
After tracking and trading our last long term weekly chart idea, we finally completed it and promised you all a new weekly chart long term chart idea.
Please see our new week chart idea that we will be tracking and trading over the coming weeks and months if needed.
We are currently seeing a breakout outside the new Goldturn channel (our unique way of drawing channels). We also have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. If we get a break inside the channel then we will track the movement with the levels highlighted for the bounces and ema5 cross and lock to track the movement level to level.
If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET.
Just to confirm if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
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 WEEK Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are in a new rage but just like last time we were able to generate accurate levels to use for the coming week.
We are seeing price between two weighted levels. We have 2669 Goldturn resistance and 2650, as Goldturn support.
We currently have a gap above on market open at 2669 and below at 2650 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
2669
EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET
2695
EMA5 CROSS AND LOCK ABOVE 2695 WILL OPEN THE FOLLOWING BULLISH TARGET
2717
POTENTIALLY 2738
BEARISH TARGETS
2650
EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2615
EMA5 CROSS AND LOCK BELOW 2615 WILL OPEN THE SWING RANGE
SWING RANGE
2582 - 2556
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 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are in a new rage but just like last time we were able to generate accurate levels to use for the coming week.
We are seeing price between two weighted levels. We have 2674 Goldturn resistance and 2650, as Goldturn support.
We currently have a gap above on market open at 2674 and below at 2650 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
2674
EMA5 CROSS AND LOCK ABOVE 2674 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
POTENTIALLY 2716
BEARISH TARGETS
2650
EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2620
EMA5 CROSS AND LOCK BELOW 2620 WILL OPEN THE SWING RANGE
SWING RANGE
2588 - 2558
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
PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.