GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed hitting our open bullish target at 2350. We were able to trail this to 2358 for a nice catch.
We are now seeing ema5 lock above 2350 opening 2365 and 2378. 2365 will need a ema5 cross to further confirm the 2378 gap.
We now have gaps above and a retracement range below that has not had a test. As long as we stay above the retracement range, we are likely to see the bullish gaps complete. A break and lock below the weighted level of 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
2350 - DONE
EMA5 CROSS AND LOCK ABOVE 2350 WILL OPEN THE FOLLOWING BULLISH TARGETS
2365
2378
BEARISH TARGETS
2315
EMA5 CROSS AND LOCK BELOW 2315 WILL OPEN THE SWING RANGE
SWING RANGE
2274
EMA5 CROSS AND LOCK BELOW 2374 WILL OPEN STRUCTURE SUPPORT
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
Tradingideas
This revelation pushed back interest rate cut expectationsGold fee has reached the inexperienced field location now and could watch for a response. If a robust bullish jump response happens on this location then the bullish fashion might be showed to preserve. Meanwhile, a in addition decline underneath this location might be a bearish signal withinside the medium-lengthy term. In the lengthy term, so long as expenses preserve to shape better swing excessive and swing low points, the fashion will remain bullish.
World gold prices increased slightly in the context of a downward trend in the USD index. Recorded at 9:20 a.m. on May 27, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,620 points (down 0.02%).
While central bank purchases and strong Asian demand have created a bullish trend in gold prices in the term, the US Federal Reserve's (FED) monetary policy work is but tentative. will create a vibrant gold price market.
Minutes of the Fed's recent Federal Open Market Committee (FOMC) meeting showed solid results. In particular, the central bank exempts and reduces interest rates when applying the inflation capacity is still high.
GOLD 1H CHART ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test support at 2331 with price close below it leaving a gap to the retracement range. However ema5 cross will further confirm this, as a target. We also have a gap above at 2350.
We now have gaps between both support and resistance weighted levels. Gap above at 2350 weighted level and gap below at 2315 Goldturn.
We will need to see ema5 lock above 2350 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2315 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
2350
EMA5 CROSS AND LOCK ABOVE 2350 WILL OPEN THE FOLLOWING BULLISH TARGETS
2365
2378
BEARISH TARGETS
2315
EMA5 CROSS AND LOCK BELOW 2315 WILL OPEN THE SWING RANGE
SWING RANGE
2274
EMA5 CROSS AND LOCK BELOW 2374 WILL OPEN STRUCTURE SUPPORT
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
GOLD 4H CHART ROUTE MAP & TRADING PLANS 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 2361 resistance and 2322 is the weighted support for this range. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2361 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2290 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
2361
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
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
GOLD WEEKLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.
So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.
Last week we completed our bullish target of 2438 confirmed by the body close gap at 2404. No further gap was created and only a wick confirming the rejection.
The rejection completed the detachment to ema5 below as highlighted last week and also inline with the channel top, which we were looking for a re-test to confirm support.
If this support breaks and the channel top does not provide the dynamic support we are looking for then we are likely to see price break back into the channel for a further correction to respect the levels in the channel once again. The levels will then provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames.
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
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range
LAST WEEKS UPDATE
We got the test at 2421 completing the gap from last week and our monthly chart idea and now the detachment below has also moved up with the momentum of the movement last week closing the gap further like we said above. We now only have 2483, as our long term extended target on this chart idea left.
CURRENT UPDATE
We saw price take a drop last week inline with the longer term correction we were looking for on this monthly chart.
While chasing the bull on our smaller timeframe over the last few months we kept in mind the detachment every week on this chart reminding our followers, with the highlighted circle keeping in mind the market can throw this curve ball at anytime due to the detachment below and to manage risk according in the range due to the wider available range.
Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above.
We still remain Bullish and will only safely take buys from support levels.
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!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD DAILY CHART UPDATEHey Everyone,
Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.
Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce, which played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test.
The bounce up left a gap above at 2414 Axis target last week.
- This gap was hit and target completed perfectly last week. We will now look for a break above this level to continue the full channel top test or a rejection at this level will see price look for channel half line test dynamically, as the channel ascends.
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
GOLD DIALY CHART UPDATEHey Everyone,
After sharing our 1H and 4H charts with completed bull targets earlier this week followed with the swing range test and bounce, please now see our daily chart update from last Sunday.
As you can see our unique Goldturn channel top was respected perfectly followed with the rejection into the channel half line, as highlighted by the arrows last Sunday.
This chart idea is playing out and respecting the direction and the dynamic ascending support so far on the channel half line.
Support here and we will see another push up or a break below the half line will open the lower half of the channel. We will continue to track this level to level with our smaller time-frame analysis.
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!
MR GOLD
XAUUSD TOP AUTHOR
GOLD 4H CHART MARKET UPDATEHey Everyone,
Our 1H chart update yesterday completed the bullish targets followed with the drop shared yesterday completing the bearish targets. We got the swing range bounce, as part of our plans to buy dips and now broken the swing range on the 1h chart.
However, Switching to our 4h chart, we can see after completing all our bullish targets, we got the cross and lock below 2379 opening the 4h swing range, which was also hit today and now testing for support. We are also likely to see our bounce like our 1H chart for a 30 to 40 pip catch.
This area is a crucial test of support. A break and lock below the swing range will open the range below or support here will follow with a retest above at 2379.
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
2418 - DONE
EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438 - DONE
POTENTIALLY 2453
BEARISH TARGETS
2400 - DONE
2379 - DONE
EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE
SWING RANGE
2357 - 2334 - 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
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
A big move down on gold today from the rejection at 2429. Yesterday we stated we
were looking for ema5 to break either 2429 or 2413 level to open the next range.
Today we got the break below 2413 opening the full retracement range like we said and this played out perfectly hitting the retracement range.
We now also have a cross and lock below the retracement range opening the swing range. We are seeing the first level of the swing range tested now and expect support bounces here.
We took buys earlier before the break below and took an SL after a long a time and now will use the dips to manage back.
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
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458
BEARISH TARGETS
2413 - DONE
2401 - DONE
2390 - DONE
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today with our trading idea playing out level to level.
After hitting our bullish targets yesterday we expected play between 2413 Goldturn and 2429 Goldturn. We used the 2413 Goldturn today to buy dips inline with our plans for the week.
We are now looking for ema5 to break either level to open the next range. A break below 2413 will open test to the full retracement range or a break and lock above 2429 will re-engage the upper range again, keeping in mind we have a extended range open above.
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
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458
BEARISH TARGETS
2413 - DONE
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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
Gold technical analysis: 21/5/2024The left chart suggests an equally-weighted gold basket of spot gold towards FX majors. It objectives to expose the underlying of energy of gold in general, and dilute the inverse dating among gold and americaA greenback – that is the maximum extensively observed gold market. On the proper we are able to see the gold futures (gold/USD) reached a document excessive on Monday along better buying and selling volume, even though it didn't keep onto profits above $2450 or the earlier document excessive and retraced lower.
It is likewise exciting to notice that the gold basket has stalled round $2800, simply below its very own document excessive set in April. A bearish divergence has additionally shaped at the gold basket and gold futures contract, each of that are withinside the overbought zone.
It can be tough to assemble a direct bearish case aside from gold stalling round key resistance levels. But that may be true sufficient for gold bulls to take notice and err at the facet of caution.
We`ve already visible as soon as fake damage of the April excessive for gold futures, so possibly bulls may also need to at the least see the gold basket damage to a brand new document excessive earlier than assuming gold futures will keep directly to profits. Of course, what ought to assist with the latter case is to look americaA greenback index damage and keep under 104. Otherwise, some other method is for bulls to await a retracement earlier than looking for proof of a better low for bullish swing change at a extra beneficial price, in anticipation of a damage to a brand new document excessive.
EURUSD: EURUSD analysis todayRecent information confirmed that US client charges fell in April, main to marketplace expectancies of a 50 foundation factor hobby fee reduce this year. However, warning from diverse Fed officers has tempered those expectancies, with buyers now predicting round forty six foundation factors of easing, merely factoring in fee cuts for November.
In early buying and selling on Monday, the euro rose barely to $1.087525, drawing close a almost two-month excessive of $1.0895 reached final week. The greenback index, a gauge towards six important currencies, confirmed little change, status at 104.forty six.
USDJPY: The USD holds steady as markets look for interest rate dThe US dollar remained broadly stable today as market participants await additional indicators to determine US interest rate developments. This period of anticipation follows recent cautious comments from US Federal Reserve (Fed) officials and signs that inflation may be easing.
The Japanese yen fell slightly at the start of the week, trading at 155.80 against the dollar. Investors are closely watching for any signs of potential government intervention, with the yen showing minimal volatility in recent days.
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out perfectly hitting our first bullish target on the chart idea at 2429 followed with the cross and lock above 2429 opening 2442, which was also hit perfectly.
We now have only our potential extended gap above at 2458 left but we only plan to take from dips, as part of our strategy.
We were able to use the dips below at our bearish target 2413 to catch the buys and now riding with trail protected.
We need to also keep in mind the retracement gaps below at 2401 and 2390 weighted support level 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
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458
BEARISH TARGETS
2413 - DONE
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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
AUDUSD: AUDUSD analysis todayING predicts balance in USD forex pairs as buyers look ahead to the discharge of the April center non-public intake expenditures (PCE) rate index, predicted on May 31. The corporation believes that cross-asset volatility is in all likelihood to stay subdued withinside the coming weeks, that may spur the look for convey trades.
GBPUSD: USD pauses, market pays attention to April core PCE dataUSD pauses, market pays attention to April core PCE data
ING predicts stability in USD currency pairs as investors await the release of the April core personal consumption expenditures (PCE) price index, expected on May 31. The firm believes that cross-asset volatility is likely to remain subdued in the coming weeks, which could spur the search for carry trades.
GOLD 1H CHART ROUTE MAP AND TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test resistance at 2413 with already price close above it leaving gap to 2429. However ema5 cross will further confirm this, as a target.
We now have gaps between both support and resistance weighted levels. Gap above at 2429 weighted level and gap below 365, 2379 Goldturn and below at 2401 and 2390 weighted support level.
We will need to see ema5 lock above 2429 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2390 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
2413
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442
2458
BEARISH TARGETS
2401
2390
EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE
SWING RANGE
2377 - 2355
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