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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 seeing price between two weighted levels. We have 2397 Goldturn resistance and 2385 and 2376 as Goldturn support levels with 2397, as weighted resistance and 2376, as weighted support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We have 2397 open gap and will need ema5 to lock above 2397 to confirm the range above. We also have 2376 as the weighted support area and will need ema5 lock below this level to open the retracement range below. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2397 EMA5 CROSS AND LOCK ABOVE 2397 WILL OPEN THE FOLLOWING BULLISH TARGET 2416 EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET 2425 2437 BEARISH TARGETS 2385 2376 EMA5 CROSS AND LOCK BELOW 2376 WILL OPEN THE FOLLOWING BEARISH TARGETS BEARISH TARGETS 2360 2346 EMA5 CROSS AND LOCK BELOW 2346 WILL OPEN THE SWING RANGE SWING RANGE 2316 - 2302 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
OANDA:XAUUSD
by Goldviewfx
6
Gold trades with caution above $2,350, as focus shifts to US NFP☘️Fundamental analysis Gold prices reversed initial gains to trade cautiously above $2,350 on Thursday. The continued weakness of the US dollar coupled with sluggish US Treasury yields kept gold prices restrained amid market weakness due to the US Fourth of July holiday. Gold prices traded with a slight positive trend during early European trading hours on Thursday. Gold's trading range today is relatively narrow because today is a bank holiday. Traders also seem reluctant and prefer to wait for the release of monthly employment details from the US Nonfarm Payrolls (NFP) report on Friday before positioning for the next move. a move in direction. Meanwhile, the downside for gold prices appears to have eased following solid expectations that the Federal Reserve (Fed) will begin an interest rate cutting cycle later this year. Weaker US macroeconomic data released on Wednesday pointed to signs of weakness in the labor market and a weakening economy. Furthermore, the most recent FOMC meeting minutes showed that the majority of policymakers said US economic growth was gradually cooling. This led to an overnight drop in US Treasury yields and dragged the US dollar (USD) to a three-week low, which could further support gold. ☘️Technical analysis From a technical perspective, the strong breakout above the 2333 and 2344 resistance zones has pushed gold back to its 3-week high around 2365. Daily chart oscillators have begun to gain positive traction. , favoring bullish traders. 2365 Resistance Broken Some follow-through buying and sustained strength above the $2,385 area would reaffirm the prospect of a return to 2400 circular resistance. On the other hand, gold's ability to turn around is lower. The first key support zone is the break out zone of 2344. The next relevant support level is anchored near the 2333 zone, which if broken, could leave Gold prices vulnerable to further weakness below the most important mark of 2319. gold Closing candles below the 2319 area is not allowed if you want to continue your uptrend. Support: 2350 - 2344 - 2333 - 2320 Resistance: 2368 - 2385 - 2400 SELL price range 2385 - 2387 stoploss 2395 BUY price range 2345 - 2343 stoploss 2340 BUY price range 2335- 2333 stoploss 2330
OANDA:XAUUSD
by TVS-Trader
AUD/JPY Short, GBP/NZD Short and AUD/USD ShortAUD/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
AUD/JPY Short, NZD/CAD Short and GBP/NZD ShortAUD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
Gold prices attract some sellers amid cautious FedGold prices fell again after once again facing rejection above 2334. A stronger-than-expected US purchasing managers index (PMI) released last week prompted Federal Reserve officials The Federal Reserve (Fed) pushed back the timing of cutting interest rates for the first time this year, which continues to limit gold's rise. However, safe-haven flows due to geopolitical tensions in the Middle East and Ukraine could boost the yellow metal in the near term. Investors will focus on the Fed's Cook and Bowman's speeches on Tuesday. Any evidence of an easing inflation trend could boost expectations of a Fed rate cut by the end of 2024. This could drag the Greenback lower and create a tailwind for Gold priced in USD. Gold is still trading near the important support level of 2320. We need to wait for more new market data to get an overview of whether the support level around 2320 will hold. Gold price is trading at a lighter level during the day. Gold hinh has formed a downtrend May 10 on the daily timeframe. The two moving averages EMA 34 and EMA 89 are still hesitant and have not clearly shaped the opening trend of the h4 frame. There are not many important resistance levels near gold's current price range. The price level of 2343 becomes the nearest resistance area, a breach of this level will pave the way to $2,365, the highest level of 2 weeks. On the other hand, the June 21 low at $2,316 serves as initial support for the yellow metal. Any further selling would see a drop to $2,305, which on a break of 2385 the low of June 7 would be the most important support at the moment. Support: 2316 - 2312- 2305 Resistance: 2337 - 2345 - 2367 SELL zone 2341 - 2343 stoploss 2346 BUY zone 2302 - 2300 stoploss 2296
OANDA:XAUUSD
by TVS-Trader
GBP/CAD Short, EUR/CAD Short, EUR/AUD Short and EUR/NZD ShortGBP/CAD Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/AUD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
USD/JPY Short, CAD/JPY Short, AUD/CHF Short and EUR/NZD ShortUSD/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. CAD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/CHF Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
1
World gold is in the mood for Fed cutsThe world gold price went down, the USD continued to gain and showed that 10-year US government bonds also reached their highest level in the last 2 weeks. The school's attention focuses on the US personal consumption expenditure price index (PCE) in May - an appropriate control measure of the US Federal Reserve (Fed) to better know the interest rate performance of the US. center row. In addition, there are estimates of US Q1 GDP and an important debate between US President Joe Biden and Republican opponent Donald Trump on June 27. According to CNBC, Fed Governor Michelle Bowman said on June 25 that maintaining policy rates stable “for a while” may be enough to control inflation, but reiterated that she is ready to raise interest rates if necessary. . If interest rates decrease, it could bring gold prices down... 💵 OANDA:XAUUSD SELL 2316 - 2318💵 ✔️ TP 2310 ✔️ TP 2300 ❌ SL 2323 💵 OANDA:XAUUSD BUY 2286 - 2288💵 ✔️ TP 2295 ✔️ TP 2300 ❌ SL 2279
OANDA:XAUUSDLong
by MrTrongVo
USD/JPY Short and AUD/CHF ShortUSD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/CHF Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
AUD/CHF Short, EUR/USD Short and EUR/NZD ShortAUD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
NZD/JPY Short, EUR/AUD Long and AUD/CHF ShortNZD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/AUD Long Minimum entry requirements: • 1H impulse up above area of value. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
“Hold your breath” waiting for the signal from FedWorld gold prices tend to increase with immediate gold trading increasing by 3.2 USD compared to last week to 2,323.2 USD/ounce. After a volatile week, the market forecasts world gold will stabilize this week as little important data is announced mid-week. The most awaited information displayed in the field is the core personal consumption expenditure index report (the desired measure of the US Federal Reserve (Fed)) expected to be arranged at the end of the week. . Some say that this report is expected to create volatility in the market. Weaker data could increase the likelihood of a Fed rate cut in 2024, a scenario that would support the yellow metal. Conversely, taking advantage of hotter play is expected to create a deeper drop in gold. Although the upward momentum has slowed, many analysts believe that the factors that have supported gold in recent times have not disappeared. Accordingly, worries about geopolitical instability remain, especially ahead of the US-style election in November. Additionally, the USD's position as the world's reserve currency continues to persist. principles and boundaries of discovery needs. 💵 OANDA:XAUUSD BUY 2317-2320💵 ✔️ TP 2330 ✔️ TP 2335 ❌ SL 2310.5 💵 OANDA:XAUUSD SELL 2333-2336💵 ✔️ TP 2325 ✔️ TP 2320 ❌ SL 2343
OANDA:XAUUSD
by MrTrongVo
EUR/AUD Long and AUD/JPY ShortEUR/AUD Long Minimum entry requirements: • 1H impulse up above area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, risk entry within it or reduced risk entry on the break of it. AUD/JPY Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, risk entry within it or reduced risk entry on the break of it.
by StewySongs
British pound increased higher after inflation decreasedThe British pound (GBP) edged higher above the 1.2700 round resistance level on Wednesday after the Office for National Statistics (ONS) of the United Kingdom (UK) showed that price pressures had eased as expected in May. 5. UK annual inflation returned to the central bank's 2% target for the first time in more than three years from April's 2.3%. During the same period, the core Consumer Price Index (CPI), which excludes volatile food and energy prices, fell to 3.5% from 3.9% previously. Monthly headline inflation rose steadily 0.3% but was below estimates of 0.4%. The report also showed that the annual Producer Price Index (PPI) for Core Output rose a significant 1.0% in May, compared with a 0.3% increase a month earlier. Despite the annual CPI falling to 2%, Bank of England (BoE) policymakers may not be comfortable with discussions of cutting interest rates soon because of epidemic inflation. The annual crop has barely slowed down. Inflation in the services sector increased by 5.9%, slightly lower than the previously announced 6.0%, but nearly double the level needed to contain price pressures. The next trigger for the Pound will be the BoE's monetary policy decision, to be announced on Thursday. The BoE is widely expected to keep interest rates unchanged at 5.25%. Therefore, investors will focus on vote division and new signals on when the BoE will start cutting interest rates. Resistance: 1.275 Support: 1.266
by TVS-Trader
Gold prices attract some sellers as Fed-inspired USD strengthGold prices encountered new supply in the early hours of trading in Europe and faded Friday's positive move after the surprise of the Federal Reserve's (Fed) hawkish stance. The possibility of the Fed implementing two interest rate cuts in 2024 is still being considered amid signs of easing inflationary pressures in the US. Additionally, persistent geopolitical tensions in the Middle East, coupled with political instability in Europe, will help limit losses in the safe-haven metal. From a technical perspective, traders need to wait for gold's sustained breakout below the $2,300 mark before placing strong bearish bets on gold. Therefore, it would be wise to wait for some further selling below the $2,285 horizontal support to be sure gold's position is truly bearish. The commodity could then accelerate its decline to the next relevant support near the $2,254-2,253 area. The downward trajectory could extend further towards the $2,225-$2,220 area en route to the $2,200 round figure. On the contrary, gold regained strength when it returned to trading above 2325. Next is the $2,340 supply zone where gold has not been able to break out of the border for 2 weeks, which, if cleared decisively, could push pushed some recoveries above the 2355 trendline above. when the trendline broke the notable peak area of ​​2385 on the way to the 2,400 USD mark. Support: 2312 - 2300 - 2291 - 2286 - 2280- 2274 Resistance: 2325 - 2340 - 2350 SELL price range 2340 - 2342 stoploss 2346 BUY price range 2303 - 2301 stoploss 2298
OANDA:XAUUSD
by TVS-Trader
EUR/AUD Long and AUD/CHF ShortEUR/AUD Long Minimum entry requirements: • 1H impulse up above area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, risk entry within it or reduced risk entry on the break of it. AUD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
GBP/CHF Short, AUD/CHF Short and EUR/USD LongGBP/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/USD Long Minimum entry requirements: • 1H impulse up above AOI. • 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
AUD/CAD Short, GBP/CHF Short, AUD/CHF Short and USD/SGD ShortAUD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. USD/SGD Short Minimum entry requirements: • 1H impulse down. • 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
GBP/CHF Short and WHEAT/USD ShortGBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. WHEAT/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:WHEATUSDShort
by StewySongs
1
GBP/CHF Short and WHEAT/USD ShortGBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. WHEAT/USD Short Minimum entry requirements: • 1H impulse down below most recent low. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:WHEATUSDShort
by StewySongs