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GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our mid to longer term weekly chart idea. Last week we advised that although we saw price break out of the channel, ema5 had created the true channel top resistance and that we also have support at 2310 Goldturn above the channel half line. We also advised that although we have a close below 2310, ema5 remains above 2310 providing the support for a bounce heading towards 2356 for a test. - This test was completed with a 2356 clean HIT!!!! The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom. 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. Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, What a chart blowing week we had with our 1H chart idea playing out to true perfection. This chart idea was shared on Sunday for this week and delivered the goods. We started the week with our retracement range challenged. No lock below the retracement range gave us the bounce clearing 2332 target. This followed with a cross and lock confirmation opening 2343 and 2349. 2343 and 2349 both were hit completing our next set of Bullish targets. We were then left with 2349 lock opening the last target of the range at 2367 precision TP. - This target was hit today completing the week with a FULL HOUSE!!!!! for a perfect finish before the big sell off- BOOOOOM!!! EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET 2343 - DONE 2349 - DONE EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET 2367 - DONE BEARISH TARGETS 2322 - DONE EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2312 - DONE As always, we will now come back Sunday with our multi time frame analysis, Gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a smashing weekend all!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
GOLD ROUTE MAP UPDATEHey Everyone, A piptastic day on the charts today with our trading idea and plan playing out to perfection. Last update we advised of the retracement range challenge and then the perfect reactional bounce leaving a gap target to 2336. - This target was hit perfectly today followed with a cross and lock above 2336 opening 2356, which was also hit completing this range. This is true level to level trading in play. We will now need to see ema5 lock above 2356 to open the range above or a rejection before this will follow to find support at the 2336 Goldturn. A further cross and lock below 2336 will open the retracement 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. 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 2336 - DONE EMA5 CROSS AND LOCK ABOVE 2336 WILL OPEN THE FOLLOWING BULLISH TARGET 2356 - DONE BEARISH TARGETS 2307 - DONE EMA5 CROSS AND LOCK BELOW 2307 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2275 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
28
BTC LEVELS FOR LONG Currently, we received a reaction from the daily level, which was at 65k, and the price is holding for now. If at some point we see that the correction continues, the FVG located from 63k-64.5 is an excellent longa zone. Of course, we always have to be ready for both cases, below there are strong levels of 60-61k. Only below that is the possibility for 50k. Better to go step by step and follow the changes FVG BTC-a se takodje poklapa sa daily fvg na total marketu.
Long
by learnfromfailure
Market News Report - 16 June 2024The euro and Japanese yen were the biggest losers in the past week, facing losses against several currencies exceeding 1%. Both markets declined based on their expected short and long-term outlooks. The British pound also lost some ground recently, aligning with a few fundamentals. Of course, there are other interesting developments to observe to begin yet another week in the ever-liquid forex market. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: weak bearish. Building on the prior week's Non-Farm Payrolls, the US dollar benefitted from positive inflation figures. Meanwhile, the Dixie or dollar index fooled many traders. It first broke the major resistance discussed last week, and just as it looked to test the previous support, it made a new high, breaking the resistance at 105.742. So, the next resistance target is at 106.490, while the support lies far below at 104.257. In short, DXY looks more bullish than bearish. Long-term outlook: weak bearish. Despite the technicals, the long-term outlook is 'weak bearish.' This is based on the Fed keeping the interest rate unchanged last week and the potential for the central bank to cut it at least once this year. The latest inflation data also went against the greenback. However, positive changes to upcoming news, such as retail sales, could strengthen the dollar. Euro (EUR) Short-term outlook: weak bearish. The euro still feels the effects of the recent interest rate cut by the European Central Bank, along with negative inflation data. The euro closed the week by breaking two support levels, confirming this short-term outlook. So, we should expect this market to test the nearby support at 1.06494. Meanwhile, it is a considerable distance from the resistance at 1.08524. Thus, the euro is likelier to test the former than the latter. Long-term outlook: weak bearish. The long-term outlook remains the same from the last few weeks, thanks to worsening inflation, a poor Gross Domestic Product, and the rate cut. With no high-impact news to anticipate this coming week, the bias must be bearish until new significant changes occur. British pound (GBP) Short-term outlook: bearish. The British pound suffered from lacklustre economic data concerning unemployment and Gross Domestic Product (GDP). Moreover, the Bank of England (BoE) has left the interest rate unchanged since November 2023 and asserted that they must be dovish for some time. The technical analysis aligns with this outlook. GBP broke the recent support (at 1.26866) discussed in last week's report. There are multiple resistance points of reference after this level. However, the key one lies far ahead at 1.24457. Meanwhile, the critical support lies at 1.28606 Long-term outlook: bearish. The new Bank of England's bank rate (or interest rate) will be the most anticipated event happening on Thursday. The consensus is for the central bank to keep the rate unchanged or potentially cut it. Still, we should expect surprises, such as the upcoming year-on-year inflation data the day prior, where the BoE remains confident of reaching its target. Japanese yen (JPY) Short-term outlook: weak bullish. While the Bank of Japan kept interest rates unchanged last week, STIR (short-term interest rate) markets indicate a rate hike next month. Lower US Treasury yields, which usually offer a bullish JPY, would also be a catalyst. Despite this outlook, the Japanese yen was technically among the biggest losers. Having breached the recent key resistance, all eyes will be on the next target at 160.233. This is significant as it would be an all-time high and a 'line in the sand' for the Bank of Japan. On the other hand, the key support is far below at 154.546. Long-term outlook: weak bullish As with the short term, the anticipated rate hike would provide JPY with an upside. Additionally, it would also be declining Treasury yields. Finally, any intervention or active involvement of Japan's Ministry of Finance through selling the dollar to buy the yen is also worth considering. Australian dollar (AUD) Short-term outlook: weak bullish. The interest rate linked to the Aussie has remained at 4.35% since November last year. Furthermore, the Reserve Bank of Australia (RBA) has revised its inflation forecasts higher. The Australian dollar shares an interesting correlation with China. Data indicating growth in this region (stimulus, new infrastructure projects, solid economic data, etc.) should boost the former. Technically, things are pretty interesting for the Aussie. We see a range amid an uptrend, along with a false break at last week's key resistance area (then 0.66986). The new support to watch is now 0.67043, while the key support lies not far below at 0.65580. Long-term outlook: weak bullish. Aussie traders will have keenly diarised the RBA interest rate on Tuesday. The central bank will likely keep the rate unchanged or raise it, which would benefit the currency. Still, the Australian dollar is exposed to slow economic growth in other countries. New Zealand dollar (NZD) Short-term outlook: weak bullish. The Reserve Bank of New Zealand (RBNZ) is very much like the neighbouring RBA. While keeping rates the same, Governor Orr indicated a hike almost occurred. They also hinted last month that a rate hike would only "be meaningful if we thought inflation expectations were getting away on us again." Like other central banks, the RBNZ is battling inflation and seeks to keep it at 2%. It comes as no surprise that NZD mirrors the price action of AUD. This market also produced a false break at last week's support level (then 0.62155). The new key resistance level is now 0.62220, while 0.60888 is the key support. Long-term outlook: weak bullish. The hawkish stance suggested by the RBNZ is the key bullish catalyst. However, incoming data regarding the economy and labour will also play a role. Furthermore, the New Zealand dollar is also a risk-sensitive currency like the Aussie, which can also be detrimental. Canadian dollar (CAD) Short-term outlook: bearish. After the recent rate cut two weeks ago, STIR markets show a 50/50 chance of the same next month. The Bank of Canada has also confirmed a dovish path. USD/CAD spanned almost the range between last week's key support and resistance areas. So, really, this market can go either way. The key support is at 1.36630, while the key resistance is at 1.37919. Long-term outlook: bearish. Besides the expected rate drops, the Canadian dollar is often sensitive to oil prices. However, any rise in the latter regard can strengthen CAD, along with upcoming positive inflation, jobs and GDP data. Swiss franc (CHF) Short-term outlook: weak bearish. STIR markets see a 76% chance of the Swiss National Bank cutting rates on Thursday. Furthermore, the chairperson Thomas Jordan recently hinted at intervention, where they would sell currencies like the US dollar and euro to strengthen their own. Surprisingly, USD/CHF hovers quite close to the key support at 0.88810 while being a considerable distance from the key resistance at 0.91582. Long-term outlook: weak bearish. Although high chances of a rate cut are bad news for the Swiss franc, SNB's willingness for intervention and geo-political risks may spell an upside for the currency. Conclusion The fundamental biases from last week's report remain the same for the current period. It will be interesting to see how the action unfolds on the charts, with high-impact news events to anticipate, like the interest rate decisions for GDP and AUD. Understanding the fundamental and technical sides of trading in the simplest way possible is crucial in making well-informed decisions. That's the point of these reports by City Traders Imperium.
TVC:DXY
by CityTradersImperium_CTI
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out as analysed. We were seeing price test 2332 weighted level and failed to lock above 2332 with ema5 confirming the rejection into the retracement range. The retracement level gave us the perfect bounce for a clean 40 pips, as part of our plans. We then had the 2322 weighted level cross and lock below with ema5 opening 2312, which was hit perfectly. We are now looking for a reaction on this level. Ema5 cross and lock below 2312 will open the swing range or failure to lock below will follow with another rejection bounce. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 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. EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET 2343 2349 EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET 2367 BEARISH TARGETS 2322 - DONE EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2312 - DONE EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
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 test 2332 weighted level and we will need to see ema5 cross and lock above 2332 to open the range above to test 2343 and 2349. Rejection here will see price fall back into the retracement range 2322 - 2312 and a further test and break below 2312 will open the swing 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. EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET 2343 2349 EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET 2367 BEARISH TARGETS 2322 EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2312 EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
15
GOLD 4H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2336 resistance and 2307 Goldturn support. We will need to see a test and lock on either levels to open the next range. We will need to see ema5 lock above 2336 to open the range above or a rejection before this will follow to find support at the retracement range. A further cross and lock below 2307 will open the swing 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 2336 EMA5 CROSS AND LOCK ABOVE 2336 WILL OPEN THE FOLLOWING BULLISH TARGET 2356 BEARISH TARGETS 2307 EMA5 CROSS AND LOCK BELOW 2307 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2275 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD DAILY CHART UPDATEHey Everyone, Please see our updated daily chart structure. Last week we were seeing price test support at 2309 with a candle break below opening gap to 2259 and we confirmed we would need to see ema5 to lock below 2309 to further confirm this gap otherwise a failure to lock below will follow with a reactional bounce here to 2355. - This played out perfectly with ema5 failing to cross below 2309, which followed with the rejection and gave the perfect bounce and now heading towards the 2355 open gap. We were able to catch majority of the bounce using our smaller time frame analysis last week We are likely to see play between both these levels until we see ema6 lock above or below either lever to open the next range. We have marked the charts with the 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 algo generated levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, After tracking and trading our last weekly chart idea successfully over the last few months, we have decided to now update the chart with new levels and re-align the ascending channel. Although we saw price break out of this channel ema5 has created the true channel top resistance here. Price is now heading towards the channel half line and found support above 2310 Goldturn. Although we have a close below 2310, ema5 remains above 2310 providing the support with a bounce heading towards 2356 for a test. The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom. 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. Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
5
INJ we've probably seen the bottomWe are currently looking at futures trade with members on certain coins, as well as dca zones. INJ has covered the weekly and monthly levels behind it at the price of $24. We waited for the news to see how buyers would react. Now that we have confirmation, we get the courage to go long on this coin. In this case, INJ must hold $28 until the 200 DMA is at $31. If in this case we see a consolidation and not a big sale, my advice is to go long this coin at the bottom of that consolidation. For example, catch up to $27 and put a stop loss below just in case
Long
by learnfromfailure
GOLD ROUTE MAP UPDATEHey Everyone, Once again another great day on the chart today with our gap above giving us the confidence to buy dips form our Goldturns, as suggested yesterday. 2296 Goldturn gave us the bounce, as planned completing 2309 and 2326 inline with our plans to buy dips and now with protected profits heading for the gap. We are happy with the catch and now closing the week. As always, we will now come back Sunday with our multi time-frame analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend with family and loved ones!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
GOLD ROUTE MAP UPDATEHey Everyone, After completing our target at 2326 yesterday, we have a gap left open at 2349. We got a nice run of over 150 pips but not the full gap. As always we only buy from dips so our exits have been nice, safe and early. We also highlighted that any rejection before the target, we will be looking for support above 2309 for the bounce. This played out perfectly with a bounce form 2309 all the way into 2326 for the perfect Goldturn touch. Our plan is to continue to buy dips above the retracement range using our weighted Goldturns until we see any break and lock below the retracement 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 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 - DONE BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP UPDATEHey Everyone, 2326 HIT - BOOOOOM!!! Yesterday after completing 2296 and 2306 we confirmed a cross and lock opening gap to 2326 Goldturn. This target was hit today as called out yesterday. We are now seeing ema5 cross and lock above 2326 opening 2349. We have FOMC today so taking caution and any rejection before the target will be looking for support above 2309 to re-attempt the open gap above or a break below 2309 will open the range below 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. 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 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 - DONE BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our 1H chart also playing out perfectly inline with our plans to buy dips. 2296 and 2309 both bullish targets now complete on this chart. We now also have a cross and lock opening gap to 2326 Goldturn. We got a nice movement upto 2320 over 100 pips from the 2309 level before another drop leaving the gap 2326 still open. We are now looking for support above 2296 - 2286 to re-attempt the open gap 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 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with a perfect continuation of our 4H chart idea that we have been tracking. Last update price was testing the swing range and we were expecting a reaction in this range. - This played out perfectly with the perfect swing action straight into 2313 completing the gap and swing. We will now wait for ema5 to lock above 2313 for a continuation into the range above or a rejection here will see the full swing range tested. We also need keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial level of support test as a break below this level can open a deeper correction 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. SWING RANGE 2290 TO 2313 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
15
The consumer price index (CPI) will show us the direction of XAUannouncement on monetary policy of the US Federal Reserve (Fed) The world gold market last week continuously received important data, causing prices to continuously reverse. Notably, on the last trading day of the week, the market suffered two shocks that caused prices to continuously "plunge". In just 1 day, gold lost more than 3.5%, marking the largest intraday sell-off since 2020. In the current context, most analysts believe that gold prices may test support level of 2,200 USD/ounce. Although recent jobs data will likely push gold prices lower in the short term, some are optimistic that the precious metal could find momentum next week as global concerns increase. Investment will turn to inflation data along with developments at the Federal Open Market Committee (FOMC) monetary policy meeting.
OANDA:XAUUSD
by NicoTradingMaster
Fed is the sustainability of current interest ratesIn his very last feedback earlier than the week of again-to-again Fed officers talking in advance of today`s meeting, Powell stated he predicted inflation to fall again on a month-to-month foundation to decrease ranges visible withinside the 2nd 1/2 of of the year. It's a first rate shift in messaging, in step with Ellen Zentner, leader US economist at Morgan Stanley. Fed officers frequently communicate approximately monitoring hobby prices over 12 months. Immediate intake goals had been additionally set at 2% annually. Economists realize that the once a year inflation charge might not make a good deal development this year. Because the amount of products at some point of the month will should be as compared with the amount of merchandise allotted withinside the 2nd 1/2 of of the year. So the once a year charge might not fall a good deal even though the month-to-month facts improves. Zentner stated Powell become signaling that the Fed could consider "sequential" improvements. Meyer stated this. “The Fed will need to peer that six-month prices are decrease than 12-month prices and three-month prices are decrease than six-month prices,” he stated in a note.
TVC:GOLD
by MrTrongVo
1
Fed won't move interest rates this weekA flow subsequent week is off the desk due to the fact Fed officers have pressured the want to be affected person because the decline in inflation has proven a loss of development over the primary sector of the year, stated Ian Pollick, head of constant earnings method at CIBC Capital Markets. Economists typically agree that the sturdy May task report, launched on Friday, regarded to close the door on any price reduce in on the July meeting. Fed Chairman Jerome Powell is predicted to copy that the Fed isn't anyt any toward gaining self assurance that inflation is transferring again to target, Pollick stated. The Fed has saved its benchmark hobby charges at 5.25%-5.5% given that closing July. Powell is predicted to paste to the message that this price is setting sufficient downward strain on inflation to sluggish demand, however wishes to be held "tighter for longer" to chill inflation. That manner the amazing reduce may want to occur at one of the closing 3 FOMC conferences of the year - September, November or December - or now no longer till 2025.
OANDA:XAUUSD
by MrTrongVo
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 play between two weighted levels 2309 resistance with a open gap before that at 2296 and 2286 Goldturn support. We will need to see a test and lock on either levels to open the next range. We will need to see ema5 lock above 2309 to open the range above or a rejection before this will follow to find support at the retracement range. A cross and lock below 2286 will open the confirm the retracement range and a further cross and lock below the retracement range will open the swing 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 2296 2309 EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
21
GOLD 4H CHART ROUTE MAP AND TRADING PLAN FOR THE WEEKHey Everyone, Please see our 4h chart idea that we tracked last week. We have not done a fresh idea for the 4H chart this week, as this one is still tracking well and testing crucial levels of the structure currently. We want to see this idea play out for at least the beginning of the week and then we can do a mid week update with a fresh one. After completing all our Bullish targets there was a gap left above before the drop completing all the bearish levels and now currently testing the swing range. We are expecting a reaction in this range 2290 - 2275 and would like to see opportunities of bounces here. However, we need to keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial test as a break below this level can open a deeper correction 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. SWING RANGE 2290 - 2275 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6