GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts following on from the election move that gave the drop into the lower Goldturns and our weighted levels all giving bounces inline with our plans to buy dips.
The swing range is providing the swing although the full swing range level has not been tested. We also have the swing completing the retracement range and leaving a candle body close gap above 2696 opening 2724, which will be further confirmed by ema5 lock.
Our current range is now between 2640 and 2724 to play within, until we see a ema5 lock breakout to confirm the next range.
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
Tradinganalysis
GOLD DAILY CHART UPDATEHey Everyone,
Great day on the charts today with our swing range doing exactly what it says on the tin. We got the big drop yesterday from the election volatility, yet our levels were still respected technically, providing the reactional bounce.
Swing range bounce gave us 2690. A close above this level will see the upper levels being retested again, keeping in mind the long range gap above on this chart idea. Failure to close above this level will see a retest on the swing range again.
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 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
Gold Analysis for upcoming move!Technical Perspective: Currently, XAU/USD is showing bullish momentum, with recent price action indicating a potential rally towards the 2760 resistance level. On the 1-hour timeframe, we have observed a clear Break of Structure (BOS) signaling strong buying interest. Key support is identified around 2730, which can serve as a solid entry point for long positions. Utilizing Fibonacci retracement levels, we see confluence around these areas, providing additional confirmation for a potential upward move. Traders should monitor momentum indicators like the RSI for overbought conditions as they approach the target.
Institutional Perspective: From an institutional standpoint, recent positioning data suggests that large players are accumulating long positions in gold, anticipating a continuation of inflationary pressures and geopolitical uncertainty. Central bank policies and market sentiment around safe-haven assets are driving institutional interest in XAU/USD. The influx of buying from hedge funds and other large entities could propel prices higher toward the 2760 level. It’s essential to consider market dynamics and liquidity events, as institutional traders may lead the price movements, creating opportunities for retail traders to align with the prevailing trend.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed.
We got the Bullish target hit at 2655 and then no ema5 cross and lock above the level confirming the rejection. You can see the ema5 turning just before the level to perfection confirming the rejection foe the move down.
We are looking for support above 2633 to confirm rejection for another re-test above at 2655 or a cross and lock below 2633 will open the range below.
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
2655 - DONE
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2674
BEARISH TARGETS
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE
SWING RANGE
2586 - 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
ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH.
Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Please see update on the 4H chart we traded last week. This weeks chart is still a continuation from last weeks chart as the chart is still in play and playing out perfectly, as we analysed. We only updated the retracement and swing range to accommodate the new range.
Last weeks range played out level to level like we analysed finished off with the last cross and lock above 2590 opening 2608 and 2626, which was completed perfectly finishing off the week at the last target.
We are seeing price between two weighted levels. We have 2626 Goldturn resistance and we have 2608, as Goldturn support.
We currently have a gap open above at 2626 and below at 2608 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
2626
EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET
2645
POTENTIALLY 2664
EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
POTENTIALLY 2699
BEARISH TARGETS
2608
EMA5 CROSS AND LOCK BELOW 2608 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2590 - 2564
EMA5 CROSS AND LOCK BELOW 2564 WILL OPEN THE SWING RANGE
SWING RANGE
2545 - 2517
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
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would like to see price attempt an undercut low and then start the incline into the higher levels. We gave KOG’s bias of the week as bullish above 2385 with the targets for the week 2510, 2515 and 2530, which we all completed.
We then continued with the path shown in the updates while Excalibur tracked price taking us up into our final take profit target at 2580. Please have a look at the previous reports to see how the algo has tracked the price from the highs to the lows, lows to highs, no matter where it goes we've traded it and moved with the market. Hats off to the team!
A phenomenal week on Gold as well as the other pairs we trade.
So, what can we expect in the week ahead?
We have FOMC this week so shall await more choppy price action as well as the potential per-event range that may form from Tuesday onwards. We’re a little high to long at the moment which is what most traders will be thinking but sentiment is strong now so there is a chance they open and stretch this a little higher. For that reason, we will be waiting to see how last week’s high and the levels of 2580-83 react to the price if attacked in the early session. If rejected we feel an opportunity toto short is available into the lower levels of 2565 and below that 2555.
Many traders will now be looking for the 2600 level so please be careful as breaking above the 2585 level will make it a lot easier to be achieved during the early part of the week. Ideally, we want the pullback into the lower support regions and then want to assess the price action before attempting to go long and take this above 2600.
Due to FOMC this week this report will be provisional as we’ll update the idea specifically for FOMC before the release.
KOG’s bias for the week:
Bullish above 2550 with targets above 2600 and above that 2610
Bearish on break of 2550 with target below 2535
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
U.S. Michigan Consumer Sentiment Index.Today's key levels for gold indicate a bearish outlook. Technical analysis shows that gold has recently completed a growth structure, reaching around $2,509 per ounce, with current consolidation patterns forming below this peak. Expectations suggest a potential downward movement targeting levels like $2,468 and possibly down to $2,426
S1: $2,581.10
S2: $2,578.05
S3: $2,575.40
R1: $2,586.80
R2: $2,589.45
R3: $2,592.50
These levels can act as critical points where price action might either bounce back or break through.
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our chart idea playing out, as analysed.
Yesterday after hitting the bearish target 2567, we stated that we need ema5 to cross and lock below 2567 to open the retracement range for a test and failure to lock below 2567 and we will see the Goldlturns above being re-tested.
- No cross below 2567 confirmed the bounce and gave multiple bounces off this level of over 30 to 40 pips, just like we analysed and now left 2581 open for a re-test, which fell short by just a few pips.
We will see price range between 2567 and 2581, until we see a cross and lock on either level to confirm breakout to 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 are taking extra caution with our buys in this new range, as bigger corrections are likely.
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
2581 - DONE
EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET
2591
EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET
2603
POTENTIALLY 2615
BEARISH TARGETS
2567 - DONE
EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2554 - 2538
EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE
SWING RANGE
2516 - 2506
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
Today’s (17-9-2024) US Retail sales data Affects Gold Prices why we sell Gold today ???
well many will tell answer is simple that gold is overbought and everyone is selling.....
But That's not a whole case.
- Yes gold was overbought and running on High uptrend.
- From our past Encounter with gold suggested Small Changes in US Retail sales data will Endup in big change in gold,and it happeded as per our prophecy.
- Buyer around the world are running heavy profit they has to close position and book profit will force price to come downside.
So this is it...
Stay tune for more update from us will come back with another Facinating trade..
Keep following keep trading and Remember Buy high Sell low....
BTCUSDT / UNDER UPWARD PRESSURE - 1DBTCUSDT / 1D TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure until prices trading above 52.047 .
The current upward pressure on prices is supported by the fact that they are trading above the key level of 52,047. Staying above this level signals continued bullish momentum, with projections suggesting potential gains toward 57,112 and eventually reaching 64,853, a key supply zone where sellers may step in. For the uptrend to be confirmed, prices need to break through this supply zone.
However, if prices drop below the turning level of 52,047 and a daily or 4-hour candle closes beneath it, this would indicate a potential reversal. In such a case, prices could fall to 46,981, with further downside potential to 44,019. A confirmed downtrend would require prices to stabilize below the 46,981 support level, signaling stronger bearish sentiment.
KEY LEVELS :
Turning Level : 52,047.
Resistance Levels : 57,112 , 64,853.
Support Levels : 46,981 , 44,019.
NAS100USD / TRADING BELOW TURNING LEVEL - 4H NAS100USD / 4H TIME FRAME
Tendency , prices is under downward pressure , until trading below turning level at 19,550
Downward Condition : The price is currently under downward pressure, and this trend is expected to persist as long as it remains below the turning level at 19,550 . This indicates a potential decline toward the support level (1) at 19,164 . Should a 4-hour candle close below this support, it would signal increased bearish momentum, likely resulting in a further drop toward the next support level (2) at 18,751. This scenario underscores the importance of monitoring these levels closely, as staying below the turning level could lead to continued weakness in the market.
Upward Condition : For an upward trend to establish itself and target the resistance level (1) at 19,908 , prices must first break through the turning level at 19,550 . This breakout is a crucial indicator of potential upward momentum. To further validate this movement, prices should stabilize above the resistance level (1) , which would set the stage for reaching the resistance level (2) at 20,218. However, if prices encounter the first resistance level but fail to break through and stabilize, it suggests that the upward momentum may be insufficient, leading to a potential retest of the turning level. This retest could indicate a pause or reversal in the upward trend, requiring further observation before a clear direction is determined.
NAS100USD / buy above 19,550
SL: 19,480
TP: 19,908
TP: 20,218
NAS100USD / sell below 19,550
SL: 19,600
TP: 19,164
TP: 18,751
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 between two weighted levels. We have 2510 Goldturn resistance and we have 2492, as Goldturn support.
We currently have a gap open above at 2519 and below at 2492 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
2519
EMA5 CROSS AND LOCK ABOVE 2519 WILL OPEN THE FOLLOWING BULLISH TARGET
2536
POTENTIALLY 2550
BEARISH TARGETS
2492
EMA5 CROSS AND LOCK BELOW 2492 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2468
2438
EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE
SWING RANGE
2416 - 2389
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
USNAS100 / BREAKOUT SUPPLY ZONE !!! - 4HNAS100USD / 4H TIMEFRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 19,559
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 19,559 turning level , it is likely to move upward toward the resistance levels of 19,779 and then 20,097.
Downward Condition : To reach the 19,210 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 19,559. If it stabilizes below support level (1) , a further decline toward the support level (2) at 18,690 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 19,770 .
RESISTANCE LEVEL (2) : 20,097 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 19,210 .
SUPPORT LEVEL (2) : 18,690 .
TURNING LEVEL : 19,559 .
EURUSD / TRADING BELOW TURNING LEVEL - 4H XRPUSDT / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.112 .
Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.108 . If it stabilizes below this level, it could then reach the next target level of 1.103 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112 , leading to a rise toward the resistance level (1) at 1.118 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.124 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.118 .
RESISTANCE LEVEL (2) : 1.124 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.108 .
SUPPORT LEVEL (2) : 1.103 .
TURNING LEVEL : 1.112 .
DOGECOIN / CONTINUES RANGE MOVEMENT - 4H DOGECOIN / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 0.09 .
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 0.09 turning level , it is likely to move upward toward the resistance levels of 0.10 and then 0.11 .
Downward Condition : To reach the 0.08 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 0.09. If it stabilizes below support level (1) , a further decline toward the support level (2) at 0.07 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 0.11 .
RESISTANCE LEVEL (2) : 0.10 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 0.08 .
SUPPORT LEVEL (2) : 0.07 .
TURNING LEVEL : 0.09 .
NOTUSDT / INSIDE SENSITIVE AREA - 4HNOTUSDT / 4H TIMEFRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level (2) at 0.008
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 0.009 turning level , it is likely to move upward toward the resistance levels of 0.011 and then 0.013.
Downward Condition : To reach the 0.007 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 0.008. If it stabilizes below support level (1) , a further decline toward the support level (2) at 0.006 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 0.011.
RESISTANCE LEVEL (2) : 0.013 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 0.007 .
SUPPORT LEVEL (2) : 0.006 .
TURNING LEVEL (1) : 0.009 .
TURNING LEVEL (2) : 0.008 .
GBPUSD / TRADING ABOVE TURNING LEVEL - 4HGBPUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 1.292 .
Turning Level: The price is currently trading above this level around 1.292. As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.
support Level (1) : around 1.283 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 1.292. If the price reaches 1.283 , and stabilizes below it, it will likely attempt to reach support level (2)
support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 1.275 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 1.266 .
Resistance Level (1): As long as the price remains above the turning level of 1.292 , it suggests a rising towards 1.303 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).
Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.310 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 1.316 .
Channel Trend: the prices trading inside the channel .
TARGET LEVEL :
RESISTANCE LEVEL : 1.303 , 1.310 , 1.316 .
SUPPORT LEVEL : 1.283 ,1.275 , 1.266 .
USDJPY ( INSIDE ACCUMULATION ZONE ) - 4H USDJPY - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 145.490 .
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 145.490 turning level , it is likely to move upward toward the resistance levels of 147.677 and then 150.861.
Downward Condition : To reach the 144.073 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 145.490. If it stabilizes below support level (1) , a further decline toward the support level (2) at 142.268 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 147.677 .
RESISTANCE LEVEL (2) : 150.861 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 144.073 .
SUPPORT LEVEL (2) : 142.268 .
TURNING LEVEL : 145.490 .
DOGEUSDT / TRADING INSIDE DESCENDING CHANNEL - 4H DOGEUSDT
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 0.094 .
Turning Level: The price is currently trading above this level around 0.094 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.
support Level (1) : around 0.084 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 0.094 . If the price reaches 0.084 , and stabilizes below it, it will likely attempt to reach support level (2) .
support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 0.077 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 0.068 .
Resistance Level (1): As long as the price remains above the turning level of 0.094 , it suggests a rising towards 0.113 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).
Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 0.126 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 0.135 .
Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 0.113 , 0.126 , 0.135 .
SUPPORT LEVEL : 0.084 , 0.077 , 0.068.
DOTUSDT / TRADING ABOVE TURNING LEVEL - 4HDOTUSDT / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 4.544
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 4.544 turning level , it is likely to move upward toward the resistance levels of 4.881 and then 5.370.
Downward Condition : To reach the 4.255 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 4.544. If it stabilizes below support level (1) , a further decline toward the support level (2) at 3.894 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 4.881 .
RESISTANCE LEVEL (2) : 5.370 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 4.255 .
SUPPORT LEVEL (2) : 3.894 .
TURNING LEVEL : 4.544 .