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GOLD 1H ROUTE MAP END OF WEEK UPDATEHey Everyone, Awesome finish to the week with our chart idea complete, hitting all our targets with a 100% hit rate for the week!! Yesterday we hit the 2153 and 2159 targets after ema5 lock confirmation above 2143 and was short of the final target at 2167. This target was hit today completing the week with a full house!!!!! BULLISH TARGETS 2125 - DONE EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS 2133 - DONE 2143 - DONE EMA5 CROSS AND LOCK ABOVE 2143 WILL OPEN THE FOLLOWING BULLISH TARGETS 2153 - DONE 2159 - DONE 2167 - DONE As always, we will now come back Sunday with our multi timeframe analysis, gold route map and trading plan for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
GBPUSD: The dollar fell to a one-month low amid views of interesThe US greenback softened, hitting a one-month low in opposition to the yen today, as marketplace individuals anticipated a probable US hobby charge reduce later this yr. This sentiment turned into stimulated with the aid of using latest inflation statistics and feedback from US Federal Reserve Chairman Jerome Powell. Powell, in Wednesday`s testimony earlier than lawmakers, advised that a charge reduce may be so as later this yr if the financial system and inflation developments are in keeping with expectancies. The greenback's decline coincided with a drop in US Treasury yields following Powell's feedback and statistics suggesting an easing in exertions marketplace conditions. The dollar hit a low of 148.ninety four in opposition to the yen withinside the first Asian consultation of the week. The euro and British pound additionally maintained their electricity as compared to the preceding consultation, buying and selling at $1.0902 and $1.2738, respectively. Commonwealth Bank of Australia forex strategist Carol Kong referred to that the greenback's weak point in opposition to principal currencies turned into because of exertions marketplace statistics and Powell's testimony, which markets considered as weak. extra tremendous than expected. Futures markets are presently pricing in a 70% danger of the Fed beginning to decrease hobby fees at its June coverage meeting, with expectancies for a reduce of approximately 87 foundation factors for the yr. This outlook has positioned US Treasury yields, specifically two-yr yields that mirror short-time period hobby charge expectancies, beneathneath pressure. The greenback index, which tracks the dollar in opposition to a basket of currencies, fell 0.04% to 103.30, close to a one-month low. In different forex news, the Canadian greenback remained consistent at 1.3518 according to U.S. greenback after the Bank of Canada stored its benchmark hobby charge consistent on Wednesday, mentioning chronic underlying inflation. Simon Harvey, head of FX evaluation at MonFX, thinks the BoC should postpone a charge reduce till June 5, keeping the short-time period CAD fashion however awaiting sizeable depreciation to come. postponed till mid-Q2. The New Zealand greenback edged up 0.05% to $0.6133, whilst the Australian greenback rose 0.11% to $0.6572. Cryptocurrencies additionally noticed a few movement, with bitcoin closing priced at $66,232, chickening out from document highs in advance withinside the week. Ether fell extra than 0.2% to $3,842.20 after hitting a extra than two-yr excessive withinside the preceding consultation. In exchange-associated news, statistics from Thursday confirmed Australia's items exchange surplus widened in January, with will increase in agricultural exports and gold outpacing will increase in automobile imports.
Long
by Chart_MasterPro
GOLD 1H ROUTE MAP & TRADING PLAN WITH UPDATED LEVELSHey Everyone, Following on from yesterdays update another PIP-TASTIC day on the chart for us, with our bullish targets being hit with confirmation, to give us plenty of time to get in for the action. After completing yesterdays targets, we advised of the ema5 break and lock above 2143 opening, 2153, 2159 and potentially 2167 if momentum allows. Today we got the 2153 and 2159 HIT perfectly and just short of the momentum target of 2167 where momentum finished off at 2164. 2143 is now our range support. Any retracement that supports above 2143 will likely give us a retest of the targets today and if we get enough momentum then completion of the momentum target at 2167. However, a break below 2143 support level will open the 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 2125 - DONE EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS 2133 - DONE 2143 - DONE EMA5 CROSS AND LOCK ABOVE 2143 WILL OPEN THE FOLLOWING BULLISH TARGETS 2153 - DONE 2159 - DONE POTENTIALLY 2167 - 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 1H ROUTE MAP & TRADING PLAN WITH UPDATED LEVELSHey Everyone, Once again our strategy played out perfectly with ema5 lock above 2125 opening 2133 and 2143, which was both hit perfectly today, as analysed completing our updated range targets. We have now updated the levels above with Goldturns to accommodate the new range. We are now seeing price break 2143 with ema5 lock to open 2153, 2159 and potentially 2167 if momentum allows. 2133 is our range support for now. Any retreatment that supports above 2133 will likely give us a retest of the targets today. A break below 2113 support level will open the range below. However, support above here and we are likely to see a re-test of the levels 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 2125 - DONE EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS 2133 - DONE 2143 - 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
10
USDJPY: Asian Foreign Exchange market is quietThe Japanese yen hovered close to a four-month low, whilst statistics confirmed inflation in Tokyo recovered as predicted in February. Stable inflation offers the Bank of Japan extra motivation to elevate hobby costs from extraordinarily low levels. The greenback index and greenback index futures had been consistent at some point of the session buying and selling in Asia on Tuesday, after seeing a few volatility in latest sessions. While latest statistics indicates inflation withinside the US relatively stabilizing, buyers appear like preserving bets that the Fed will reduce hobby costs in June. But the change is predicted to be in large part examined this week, with a two-day testimony from Fed Chairman Jerome Powell in which analysts anticipate him to preserve tons of his hawkish stance. . Then key nonfarm payrolls statistics is due out this Friday and is predicted to offer similarly alerts at the hard work market.
Long
by Chart_MasterPro
AUDUSD: Asia's foreign exchange market is quiet as China's econoMost Asian currencies have been little modified on Tuesday as China`s monetary objectives for 2024 did not buoy markets, even as the greenback steadied in advance of in addition hobby fee alerts later withinside the week . Anticipation of greater alerts on US hobby prices additionally saved maximum nearby devices buying and selling in tight ranges, specially as remarks from Federal Reserve officers persevered to downgrade expectancies for reduce early. China's Yuan is quiet because the People's Congress dominates The Chinese yuan become mildly risky on Tuesday, with the currency's decline tempered with the aid of using a robust midpoint adjustment from the People's Bank of China. Sentiment closer to the Chinese marketplace advanced little after Beijing set a 5% GDP goal for 2024, similar to 2023. But with a decrease economic deficit goal for the 12 months, traders query asks how possibly this aim is to be accomplished whilst the economic system is not able to reaching it. decrease baseline for assessment with the COVID-19 pandemic. The Chinese authorities additionally promised greater stimulus measures this 12 months to enhance boom. But the obvious loss of proposed measures has left humans unhappy. Separately, a personal survey confirmed boom in China's offerings enterprise slowed in February, indicating persevered monetary headwinds for the country. Asian currencies in trendy are negatively motivated with the aid of using China because of its distinguished economic system withinside the region. The Australian greenback, which has excessive exchange publicity to China, fell 0.1%, whilst information confirmed an development withinside the country's modern-day account withinside the fourth zone. Article The newspaper study in advance of a capacity development in fourth-zone GDP information, predicted out on Wednesday.
Short
by Chart_MasterPro
GOLD 1H ROUTE MAP & TRADING PLAN WITH UPDATED LEVELSHey Everyone, Please see our updated 1h chart levels and targets after smashing all the targets for this week already. We are seeing price break into the new range and playing between 2125 resistance and support at 2116 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range A bearish test to support at 2116 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a re-test at the new open levels 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 2125 EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS 2133 2143 BEARISH TARGETS 2116 EMA5 CROSS AND LOCK BELOW 2116 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2102 EMA5 CROSS AND LOCK BELOW 2102 WILL OPEN THE SWING RANGE SWING RANGE 2079 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
16
XAUDUSD: Investment managers eye the dollar for faster settlemenSome funding managers are thinking about converting their price range` running currencies to the U.S. greenback in anticipation of a U.S. flow to shorter securities agreement cycles this spring. The extrade is in reaction to a brand new rule surpassed with the aid of using the U.S. Securities and Exchange Commission (SEC) closing year, which calls for securities inclusive of shares to settle one commercial enterprise day after trading, called T+1, begins offevolved May 28. This extrade is supposed to lessen marketplace danger. The transition to T+1 is posing demanding situations for overseas asset managers, who want to change their neighborhood currencies for bucks to have interaction in shopping for and promoting US securities. Currently, forex trades that fund inventory trades settle in days. Regulators are adapting to make sure those transactions aren't excluded from CLS, the primary multi-forex agreement device for forex (FX) transactions. By running their price range in bucks, custodians can limit the danger of behind schedule bills and failed transactions, as they may not want to transform their neighborhood forex inside a compressed timeframe. Custodians inclusive of BNY Mellon are exploring methods to assist buyers in Asia with the aid of using extending agreement cut-off intervals for a number of the region's most important currencies, inclusive of the Australian greenback, yen Japanese and Singapore bucks, approximately hours. The worldwide head of FX platform income at BNY, said that this extension will permit intraday execution to maintain later withinside the day. CLS, on the request of foreign places regulators, is likewise thinking about the opportunity of changing the cut-off date for sending forex transaction commands for next-day agreement. The employer estimates that approximately $sixty five billion an afternoon in forex trades from asset managers ought to omit the cut-off date. CLS's CEO does now no longer anticipate an operational extrade earlier than the May cut-off date however emphasised that CLS is operating with the marketplace to locate capacity answers to the demanding situations.
OANDA:XAUUSDShort
by Chart_MasterPro
XRP/USDT BULLRUSH BEFORE THE FLUSH???Looking at the XRP/USDT Daily Time Frame, we can get an idea where and WHY price is moving the way it is: We see that ALL previous buyside has been swept. This should indicate BULLISH order flow. Every bullrun hits it's breaking point but where will that be??? We see that there's more Buyside that's yet to be swept and I'm thinking it will sweep them soon in the near future. But WAIT .... There's More! Right above the highest high, there is a GORGEOUS Daily SIBI resting right above. Sadly, it hasn't been tapped yet :( If it gets tapped, will XRP rise or will that be it's Downfall??? There's only one way to find out ;) I'm patiently waiting for potential opportunities that allow a solid 2:1 RR trade to be taken. (DISCLAIMER) THIS IS NOT FINANCIAL ADVICE! THIS IS MY PERSONAL OPINION AND I COULD BE 100% INACCURATE IN MY ANALYSIS. DO YOUR OWN RESEARCH AND ANALYZE YOUR OWN CHARTS. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK!!!
by INVYZNN
GOLD 4H AND 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Great start to the week with our chart idea playing out to perfection!!! Yesterday we advised that we were looking for the 2092 target re-test and a cross and lock above 2092 will open 2105 and 2115, which was all hit perfectly today completing this range. We will now need to see ema5 cross and lock above 2115 to open the range above - 2130 and potentially 2139. Please also see our 1H chart below, which also played out perfectly completing this chart idea On this 1H chart, we were looking for the 2085 target retest and a cross and lock above 2085 to open 2093 and 2102, which was also hit perfectly today completing this chart idea. We are keeping our risk tight in this new range, as some correction is expected with our Goldturn support levels marked out for reaction. 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 TARGET 2092 - DONE EMA5 CROSS AND LOCK ABOVE 2092 WILL OPEN THE FOLLOWING BULLISH TARGETS 2105 - DONE 2115 - DONE BEARISH TARGETS 2080 -DONE 2065 2052 EMA5 CROSS AND LOCK BELOW 2052 WILL OPEN THE SWING RANGE SWING RANGE 2033 - 2022 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
FXOPEN:XAUUSD
by Goldviewfx
17