GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today buying multiple dips inline with our chart idea.
Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level.
The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken for the range above. Failure to break and lock above this level after a few attempts will strengthen the resistance in which case we will likely see the 2326 Goldturn support level tested and broken to open the retracement range.
We will see rice now play between these two weighted level until we see a cross and lock on either weighted level to confirm 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
2389 - DONE
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490
BEARISH TARGETS
2326 - DONE
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE
2294
2274
EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE
SWING RANGE
2196 - 2180
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
GOLD 4H CHART ROUTE MAPHey Everyone,
Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly.
We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection.
We will need to see ema5 lock above this level to see a continuation to the range above.
We also got out our bearish support target at 2326 and no ema5 cross and lock and therefore we got the rejection and bounce for the retest above completing our Bull target inline with our plans to buy dips
We will see rice now play between these two weighted level until we see a cross and lock on either weighted level to confirm 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
2389 - DONE
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490
BEARISH TARGETS
2326 - DONE
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE
2294
2274
EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE
SWING RANGE
2196 - 2180
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 ROUTE MAP UPDATEHey Everyone,
Another great day on the chat today buying dips in true level to level style.
After hitting our Bullish target yesterday at 2355 we stated we had 2382 left open. Once again we delivered the results with 2382 hit today completing this target.
We now have a gap left open at 2408 but we will only continue to buy dips also keeping in mind our retracement range at 2312.
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
2355 - DONE
EMA5 CROSS AND LOCK ABOVE 2355 WILL OPEN THE FOLLOWING BULLISH TARGETS
2382 - DONE
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2426
2455
EMA5 CROSS AND LOCK ABOVE 2455 WILL OPEN THE FOLLOWING BULLISH TARGETS
2474
2499
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2239 - 2196
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
GBPUSD: Fed Chairman KC Schmid: Current US monetary policy is apComments on Friday from Fed Chairman KC:
Encouraging patience with interest rates until inflation declines markedly to 2%
Economic growth is creating uncertainty about monetary policy
Inflation remains high
The employment sector remains strong
Wage increases indicate an imbalance in the labor market
Want to see the Fed balance sheet shrink
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our first target hit at 2355 - BOOOM!!
We now have a lock above this level leaving 2382 open.
We will continue with our plans to buy dips and also keeping in mind our retracement range at 2312.
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
2355 - DONE
EMA5 CROSS AND LOCK ABOVE 2355 WILL OPEN THE FOLLOWING BULLISH TARGETS
2382
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2426
2455
EMA5 CROSS AND LOCK ABOVE 2455 WILL OPEN THE FOLLOWING BULLISH TARGETS
2474
2499
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2239 - 2196
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
XAUUSD LONG ONCE AGAIN TOWARDS 2400XAUUSD LONG ONCE AGAIN TOWARDS 2400
Currently shaping smaller triangle inside a big triangle which is expected to break from 2360 & move for another 400 pips to touch 2400 & then after breaking the bigger triangle Gold will fly once again towards 2480-85 in sha Allah
GOLD 1H CHART ROUTE MAP FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with 2355, as our Bullish target and 2312, as the support target.
We are looking for a retest at 2355 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a rejection.
Our retracement range is at 2312 and an ema5 cross and lock below this level will open the swing range between 2239 - 2196.
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
2355
EMA5 CROSS AND LOCK ABOVE 2355 WILL OPEN THE FOLLOWING BULLISH TARGETS
2382
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2426
2455
EMA5 CROSS AND LOCK ABOVE 2455 WILL OPEN THE FOLLOWING BULLISH TARGETS
2474
2499
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2239 - 2196
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 FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted structures with 2389 as the resistance target and 2326 as the support target.
We are looking for a retest at 2389 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a rejection.
Our bearish support target is at 2326 and an ema5 cross and lock below this will open the retracement range between 2294 - 2274 and a break and lock below 2274 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
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490
BEARISH TARGETS
2326
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE
2294
2274
EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE
SWING RANGE
2196 - 2180
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 MID/LONG TERM PROJECTION Hey 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 stated we were seeing price break out of the channel with a candle body close gap open to 2360, which was hit perfectly closing the gap and we also stated that we will need to see ema5 break out of the channel for further continuation above the channel with 2438, as our long range/term target. Failure of ema5 to break outside the channel will see price back into the channel for the channel half line challenge, as the new updated swing range.
Momentum took price all the way into 2404 and just short of our long range target at 2438. We will keep this in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
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 RANGE ROUTEMAP Hey Everyone,
Last week we stated that after completing all our long range targets, we were seeing price break out of the ascending channel. However we needed to see ema5 cross outside the channel to establish another bullish run above.
The Bullish momentum last week helped clear some of our extended long range targets- BOOOM!!
We also need to keep in mind the detachment below highlighted in circle and may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term.
So far the monthly candle remains above the channel and therefore momentum for the month still remains Bullish with only one last target left on our long term target range at 2483.
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 4H CHART ROUTE MAP UPDATEHey Everyone,
What a fantastic finish to the week!!!!!
Yesterday we shared our completed 1H chart idea update and today we completed our 4H chart idea.
We started the week with our first bullish target hit at 2348 on this chart. Followed with the lock confirmation opening 2367 and then completing the first range.
We then had the ema5 lock above 2367 opening 2384 and 2400, which was hit today for the perfect finish completing this chart idea.
No further lock above 2400 confirmed the rejection, which we are seeing playing out now. We got our perfect finish and exit!!!
BULLISH TARGETS
2348 - DONE
EMA5 CROSS AND LOCK ABOVE 2326 WILL OPEN THE FOLLOWING BULLISH TARGETS
2348 - DONE
2367 - DONE
We will now come back Sunday with our updated multi-timeframe 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 great weekend with family and loved ones!!
Mr Gold
GoldViewFX
GBPJPY: The Japanese yen hits its lowest level in 3 decades amidThe Japanese yen has hit its weakest level against the US dollar since 1990, trading at 153.24 per dollar on April 10. This signals significant downward pressure that has prompted Japanese financial authorities to officially warn of possible intervention. Even though Japan's central bank switched interest rates from negative in March, the currency continues to struggle, with the value of the yen's real effective exchange rate index falling to its lowest level since then. since the records of the Bank for International Settlements began in 1994.
The yen's depreciation has been going on for more than three years, losing about a third of its value since the start of 2021. Factors contributing to the yen's decline include Japan's low interest rates, which remain below 0.1%, in stark contrast to US short-term interest rates at 5.25-5.5%. The significant yield gap between US and Japanese government bonds, with a difference of nearly 370 basis points at the 10-year maturity, has continued to fuel the yen's slide.
Investors have been engaging in "carry trading," borrowing yen at low cost and investing in higher-yielding currencies. This fact is especially appealing during periods of low market volatility, like the present. The benchmark interest rate differential between Japan and other economies is a key driver in these market dynamics.
Despite Japan's central bank's historic policy shift in March, the move was expected. With no prospect of sharp interest rate hikes in the future, investors have felt comfortable maintaining or increasing short positions in the yen. Yen short sales hit a decade high in April.