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Eurusd trading analysis for this weak For this week, the EUR/USD pair is showing mixed signals. The pair experienced upward momentum due to recent data indicating stronger-than-expected economic performance in the Eurozone. However, the Federal Reserve's concerns about potential interest rate hikes are putting downward pressure on the pair. Traders should watch for key economic announcements, such as GDP and employment reports, which could influence the pair's movement. Support is around 1.1000, while resistance is near 1.1150. Monitoring market sentiment and global events that could impact the currency pair is crucial.
Short
by AllBeginner
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 seeing price between two weighted levels. We have 2400 Goldturn resistance and 2376, as Goldturn support. 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 have 2400 open gap and will need ema5 to lock above 2400 to confirm the range above. We also have 2376, as the weighted support area and will need ema5 lock below this level to open 2360, 2344 and a cross and lock below 2344 will open the swing range for the extended swing. 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 2400 EMA5 CROSS AND LOCK ABOVE 2400 WILL OPEN THE FOLLOWING BULLISH TARGET 2423 POTENTIALLY 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2459 POTEITNALLY 2475 BEARISH TARGETS 2376 EMA5 CROSS AND LOCK BELOW 2376 WILL OPEN THE FOLLOWING BEARISH TARGET 2360 2344 EMA5 CROSS AND LOCK BELOW 2344 WILL OPEN THE SWING RANGE SWING RANGE 2313- 2298 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
10
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 2406 Goldturn resistance and 2360, as the Goldturn weighted support. We also have 2406 as an open gap above and 2383 open gap below. 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 will need ema5 to above 2406 to confirm the range above. We also have 2360, as the weighted support area and will need ema5 lock below this level to open 2360 and a cross and lock below 2360 will open the swing range for the extended swing. 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 2406 EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET 2429 EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGET 2461 BEARISH TARGETS 2383 2360 EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE SWING RANGE 2328 - 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
2
GOLD DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure that we have been tracking successfully for a while now.. Previously we had the cross and lock above 2355, leaving a gap open to 2405 and same with 2405 opening 2464. - Both gaps were hit and completed, as analysed. We were then left with a candle body close gap above 2464 leaving a long range/term gap to 2521 and will need EMA5 lock above 2464 to further confirm this. Failure to lock above this level last week confirmed the rejection that followed. We are now seeing 2355 retracement range providing support and the re-actional bounce, as analysed. We will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again. We have marked the charts with our unique weighted levels and will use them to track the movement up and down, confirmed with ema5 cross and lock confirmation. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea. Previously we had 2434 open gap hit perfectly completing this range target and the channel top test. We mentioned last week that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above. - This played out perfectly, as we got the rejection after hitting our final target and the channel top provided the dynamic resistance and re-action we were expecting, which followed with the perfect rejection end of last week. We would need to see a candle body close above 2434 in the coming weeks/months to confirm this gap or an ema5 cross and lock for a double confirmation. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP UPDATEHey Everyone, A great finish to the week with all our chart ideas playing out perfectly, as per our daily updates throughout the week. Yesterday we advised that we got the test into 2380 weighted Goldturn support, after the rejection from the top. We also got the cross and lock below 2380 opening 2359, which was also hit perfectly. We then stated that we needed to see ema5 lock below 2359 to open the swing range or failure to lock below will see a reaction here. - This played out perfectly once again with no lock below the 2359 weighted level, which followed with the rejection and reactional bounce into 2380 inline with our plans to buy dips!! We will now need to track the movement level to level confirmed with cross and lock and knowing we have a gap above, helps with our plans to buy dips. BULLISH TARGETS 2400 - DONE 2421 - DONE BEARISH TARGETS 2380 - DONE EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 - DONE We will now come back Sunday with our 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
OANDA:XAUUSD
by Goldviewfx
10
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday we had ema5 and candle body close above 2400 opening 2421, as a gap target. This target was hit today, completing this range. We are now seeing ema5 cross above 2421 to open the gap to 2438 and just need the lock to confirm. We also have 2380, as the weighted support area for the range below and will need to keep this in mind, when we see rejections above. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. 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 2400 - DONE 2421 - DONE EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 BEARISH TARGETS 2380 EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE SWING RANGE 2331 - 2317 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
15
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 1H chart idea. We are seeing price range sideways with 2380 providing support for the range for the push up into 2400. We also have ema5 and candle body close above 2400 opening 2421, as a gap target. We have 2421 open gap and will need ema5 to lock above 2421 to confirm the range above. We also have 2380, as the weighted support area and will need ema5 lock below this level to open 2359 and a cross and lock below 2359 will open the swing range for the extended swing. 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 2400 - DONE 2421 EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 BEARISH TARGETS 2380 EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE SWING RANGE 2331 - 2317 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
Market News Report - 21 July 2024As it did last week, the yen reigned supreme against several currencies. Other dominant markets in the past week include the Swiss franc and the euro. In our latest market report, we examine the performance of the major forex currencies and their fundamental outlooks. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: bearish. The Fed is slowly winning the fight against inflation, with the latest Consumer Price Index (CPI) data coming at a lower-than-expected rate of 3%) Despite this, the Fed has suggested at least one rate cut this year. Short-term interest rate (STIR) markets predict an 8% chance of this happening at the end of this month. The news highlights to consider this week include the new QoQ GDP Growth Rate QoQ and the MoM Core PCE Price Index. While 'Dixie' finally breached the major support at 103.993, it only just. Although, by right, the next level to watch is 103.172, this market may still find support around this area. Still, the chart is bearish, with the resistance area far ahead at 106.490. Long-term outlook: bearish. With markets anticipating at least two rate cuts by the Fed for the remainder of the year, the bearish bias is justified. The latest CPI and NFP data also indicate a cooling of the US economy. Only geopolitical risks and bond market selling can affect this overall sentiment. Euro (EUR) Short-term outlook: weak bearish. The European Central Bank (ECB) kept its interest rate unchanged last week. Additionally, the European Council indicated that "we will keep policy rates sufficiently restrictive for as long as necessary…" Christine Lagarde, the ECB President, also suggested slow economic growth in the Eurozone, with inflation expected to fluctuate around current levels. The euro chart is the opposite of the DXY. While eclipsing the major resistance, the break wasn't as convincing as it should have been. However, this market is still bullish. So, we should expect a retest at the recent level, with the new major resistance now at 1.09813 (not far from the former mark). Meanwhile, the key support area lies far below at 1.06494. Long-term outlook: weak bearish. The recent unchanged interest rate is the primary bearish driver. However, the ECB hasn't committed to a specific future path in this regard despite short-term interest rate (STIR) markets indicating a 68% chance of a rate cut in September. Still, the central bank is data-dependent, where any improvements in inflation, growth and wages can lift the euro. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) continues to show dovish tendencies. STIR markets now predict a 56% chance of a BoE rate cut next month. While the British pound had firmer economic data in the past week, it failed to rally higher. This is another strong bearish indication. Like its closest rival, the euro, the British pound is quite bullish. GBP has taken another step towards the major resistance at 1.31424 (although it's still some distance away). Meanwhile, the new support area is 1.26156, which the pound is unlikely to get close to anytime soon. Long-term outlook: weak bearish. The interest rate is the chief bearish driver for the pound. So, the British pound is likely to find sellers as expectations for the potential rate cut in August grow. However, two-way risks remain based on upcoming economic data. Japanese yen (JPY) Short-term outlook: weak bullish. The Bank of Japan’s (BoJ) recent decision to keep the interest rate unchanged is mildly bullish for the yen. Governor Ueda also stated, "depending on economic, price, and financial data and information available at the time, there is a chance we could raise interest rates at the July meeting." Moreover, STIR markets see a 53% chance of a rate hike in the meeting at the end of July. Unfortunately, JPY bulls should know that the BoJ does things rather slowly. In just under three weeks, USD/JPY is close to the major support at 154.546 after months of highs. The end of July will truly determine if this market is out of the bearish zone. However, fundamentals suggest it is heading in that direction on the charts. The key resistance (the yen's all-time high) is at 161.950, which is too rare for the price to test anytime soon. Long-term outlook: weak bullish In addition to the expected rate hike, other bullish catalysts for the yen include a potential lowering in US Treasury yields. Given the yen's recent overdue recovery on the charts, expect Japan's Ministry of Finance to intervene in the near future to save the currency. Australian dollar (AUD) Short-term outlook: weak bullish. Due to persisting inflation highlighted by the Reserve Bank of Australia (RBA), the central bank has enough reasons to keep or hike the interest rate next month. The CPI print at the end of July is another consideration, with expectations of a positive outcome. Finally, the Australian dollar shares an interesting correlation with China. Data indicating growth in this region (e.g., stimulus, new infrastructure projects, solid economic data) should lift the Aussie. The Aussie made a noticeable U-turn in the past week. While the fundamental bias suggests a buyer's market, there's a reasonable gap between the key resistance of 0.68711 and the key support at 0.65761, where the market can go either way. Long-term outlook: weak bullish. The hot CPI for Q1 and April has pressured the RBA to increase rates, which they recognised in their meeting last month. Also, the slightly higher unemployment rate result in the past week is another impetus. Furthermore, STIR markets anticipate a 33% chance of a hike. Conversely, the Australian dollar is exposed to slow economic growth in other countries because it is a pro-cyclical currency. New Zealand dollar (NZD) Short-term outlook: neutral. As predicted by STIR markets, the Reserve Bank of New Zealand (RBNZ) recently maintained the interest rate at 5.5%. In their latest meeting, “The Committee agreed that monetary policy will need to remain restrictive. The extent of this restraint will be tempered over time consistent with the expected decline in inflation pressures”. In simple terms, the central bank is winning against inflation and is, thus, unlikely to raise rates. Like its closest relative (AUD), the Kiwi trended down in the past week. The market can trade either way between the key support and resistance levels of 0.58746 and 0.62220, respectively. Long-term outlook: neutral. The central bank's recent dovish tilt amid improving inflation puts the Kiwi in a neutral bracket. Furthermore, STIR markets anticipate a 50/50 chance of a rate cut next month. On the flip side, as a risk-sensitive currency like the Aussie, any growth data in China could trigger bullishness for NZD. Canadian dollar (CAD) Short-term outlook: bearish. STIR markets indicate a 50/50 chance for the Bank of Canada to cut rates this week. The Governor of the Bank of Canada (BoC), Macklem, has also suggested this would happen if inflation became stickier. Realistically, the BoC will drop rates slowly now or aggressively later. Strangely, however, recent CPI numbers were all positive for the Canadian dollar. Still, based on the recent weak labour data, we saw a slowing jobs market. USD/CAD remains in full-on range mode, as it has done over the past few weeks. The major support lies at 1.35896, while the key resistance is at 1.37919. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point, with Macklem himself saying it's reasonable to expect more cuts in the future. Interestingly, the BoC faces mortgage stress, a major factor in this interest rate policy. We should also consider other bearish catalysts associated with CAD, like general fundamental data and its status as a risk-sensitive currency. However, encouraging oil prices may redeem the Canadian dollar. Swiss franc (CHF) Short-term outlook: bearish. With a 76% chance of the Swiss National Bank (SNB) cutting the interest rate recently, STIR markets were accurate. Secondly, SNB expects a moderate improvement in inflation, GDP (Gross Domestic Product), and unemployment to rise slightly in the near term. However, the Swiss franc can strengthen during geopolitical tensions like the Middle East crisis. USD/CHF tested the major support area at 0.88268 but didn't have enough to break it confidently. So, there is a chance the market will be near this pathway soon. Meanwhile, the major resistance level is at 0.91582. Long-term outlook: weak bearish. The expected rate cut in the next SNB meetings for 2024 is the main bearish driver. However, the SNB's chairperson, Thomas Jordan, expressed that "appreciation of the Swiss Franc has an impact on monetary policy." This means that potential intervention by the central bank can go either way. Conclusion The Japanese yen's chart is slowly aligning with its fundamentals. It will also be intriguing to see how the other markets perform. As always, be prepared for anything as a trader technically and fundamentally. We hope that you have found this market report helpful.
TVC:DXY
by CityTradersImperium_CTI
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out, as analysed. We are seeing price play between two weighted levels, 2406 resistance and 2482 support. We got our first Bullish target hit today at 2406. We now have a candle body close above 2406 opening 2428 but will need ema5 cross and lock to further confirm this. Ema5 failed to lock above 2406 and therefore followed with the rejection into price heading towards 2382 support. Failure to cross and lock below 2382 will follow with a bounce for another re-test above at 2406. 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 will need ema5 to lock above 2406 and 2428 to confirm the range above. We also have 2382, as the weighted support area and will need ema5 lock below this level to open 2360 and a cross and lock below 2360 will open the swing range for the extended swing. 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 2406 - DONE EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET 2428 EMA5 CROSS AND LOCK ABOVE 2428 WILL OPEN THE FOLLOWING BULLISH TARGET 2450 EMA5 CROSS AND LOCK ABOVE 2450 WILL OPEN THE FOLLOWING BULLISH TARGET 2467 2481 POTENTIALLY 2495 BEARISH TARGETS 2382 EMA5 CROSS AND LOCK BELOW 2382 WILL OPEN THE FOLLOWING BEARISH TARGET 2360 EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE SWING RANGE 2330 - 2303 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
5
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2421 Goldturn resistance and 2380, as Goldturn 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 2421 open gap and will need ema5 to lock above 2421 to confirm the range above. We also have 2380, as the weighted support area and will need ema5 lock below this level to open 2359 and a cross and lock below 2359 will open the swing range for the extended swing. 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 2421 EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 BEARISH TARGETS 2380 EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET 2359 EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE SWING RANGE 2331 - 2317 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
11
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea. Last week we 2434 was hit perfectly completing this range target and channel top. Although we have the final Axis target at 2505, we are expecting resistance and reaction here at the channel top and will probably need a few attempts before cracking open the range above. We would need to see a candle body close above 2434 this coming week to confirm this gap or an ema5 cross and lock for a double confirmation. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP UPDATEHey Everyone, A great finish to the week with all our chart ideas playing out perfectly and, as per our daily updates throughout the week. After riding the move up inline with our plans to buy dips, we finished off yesterday with 2467 test and then advised that we needed ema5 to cross and lock above this weighted Goldturn to open the range above or a failure to lock will confirm the rejection. - Failure to lock above 2467 confirmed the end of the run and the rejection with a drop into 2397 weighted level, which gave the perfect bounce, as analysed. We will now either need to see ema5 lock below 2397 weighted level to open the range below or we will see another run up to test 2416 weighted level. BULLISH TARGETS 2416 - DONE EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET 2425 - DONE 2437 - DONE EMA5 CROSS AND LOCK ABOVE 2437 WILL OPEN THE FOLLOWING BULLISH TARGET 2449 - DONE 2460 - DONE We will now come back Sunday with our 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
OANDA:XAUUSD
by Goldviewfx
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 4H chart idea that we shared on Sunday. Our 4h chart started with price between two weighted levels. We had 2416 Goldturn resistance and 2397, as Goldturn support. The weighted support level held with no cross and lock below 2397 confirming the rejection for the bounce into 2416 followed with 2425 and 2437, which were both hit perfectly. We then had 2449 and 2460 to complete the range. We are now looking for ema5 to cross and lock above 2467 to open the range above. Failure to lock above will see rejection into the lower Goldturns to find support and then track level to level once again. 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 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 2416 - DONE EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET 2425 - DONE 2437 - DONE EMA5 CROSS AND LOCK ABOVE 2437 WILL OPEN THE FOLLOWING BULLISH TARGET 2449 - DONE 2460 - DONE 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
OANDA:XAUUSD
by Goldviewfx
16
XAUUSD short-term analysiswww.tradingview.com XAUUSD short-term analysis: - XAUUSD (Gold Spot / U.S. Dollar) recently hit an all-time high and has retraced slightly. - The price is currently testing the critical support level** and the 50-period moving average (MA50). -Bearish Scenario (🔽): If XAUUSD breaks below the 2465 support falls under the trend line, and breaches the nearest fractal, it could decline further to 2452 - Bullish Scenario (🔼) Alternatively, if the price rebounds from the current support level, we might see a move back up to 2482
EIGHTCAP:XAUUSD
by Goldxking
1
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our weekly chart idea. Sunday we stated we had a gap remaining at 2434 but just needed to keep in mind the conflicting resistance with the channel top. - 2434 was hit perfectly completing this target. We now have the final Axis target at 2505 and if momentum allows this week; we may just see this complete without confirmation. However, the ideal confirmation would need to be with a candle body close above 2434 this week to confirm this gap or ema5 cross and lock for a double confirmation. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
OANDA:XAUUSD
by Goldviewfx
4
XAU increased to a record high everXAU price increased quite strongly to near historical peak after the instability taking place in the world World gold continues to increase and moves towards the historic peak of 2,450 USD/ounce recorded on May 20 after the US announced that total retail sales remained unchanged in June. In May, revised figures showed total retail sales increased 0.3%. In fact, economists forecast that total retail sales decreased by 0.3% in June. Thus, the number announced last month exceeded expectations. However, this is not positive information. The US economy tends to send signals that are no longer as strong as in the first few months of the year. Previously, the US announced that inflation continued to cool down and the labor market tended to deteriorate with the unemployment rate increasing.
OANDA:XAUUSD
by NicoTradingMaster
75: Record Gold Prices What’s Driving the Surge and What’s Next?The price of gold has recently surged to a new all-time high, driven by the anticipation of interest rate cuts by the U.S. Federal Reserve. Gold traders are predicting that the Federal Reserve will implement two rate cuts this year, which is boosting the appeal of gold as a safe-haven asset. Historically, when interest rates are low, gold prices rise due to the decreased opportunity cost of holding non-yielding assets. Additionally, ongoing geopolitical uncertainties and economic instability are further supporting the demand for gold. Central banks around the world, including China, have been significantly increasing their gold reserves, contributing to the rising prices. This accumulation of gold by central banks indicates confidence in gold's enduring value, which in turn encourages other investors to follow suit. As the Federal Reserve aims to stimulate the economy through lower interest rates, the weakening U.S. dollar makes gold more attractive to foreign investors, further pushing its price upwards. New high reached $2482.35 - what are the expectations? Bullish Scenario: At the moment, a new high has been reached with substantial buying pressure. The buying pressure is evident with the almost straight line up. Given this scenario, the risk of shorting is high. However, when new highs are reached, it's prudent to hedge long positions. You might consider shorting on a lower time frame, targeting $2420.61. The support level around $2420.61 is clearly identifiable. We could see a retest of this level, presenting an opportunity to initiate new long positions. There is also a possibility that prices will continue to rise. If buying pressure continues, we could see new highs beyond $2482.35, pushing the gold price even further. Bearish Scenario: If we lose the support level at $2420.61, it becomes apparent that we should look for short positions and new local lows. In this case, the decline could indicate a reversal in the current bullish trend. The break below this support could lead to a further drop in prices, potentially targeting lower support levels. Traders should watch for signs of weakening momentum and be prepared to shift strategies if the market sentiment turns bearish.
TVC:GOLD
by SeventyFive-Invest
1