WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
This is an update on the weekly chart idea we have been tracking for over a month now.
This chart allowed us to project the long term corrections and direction. We were able to track our bullish targets until no ema5 lock to confirm rejection into the retracement range below for the correction.
We have been suggesting over the last few weeks that we will be looking for the channel top and the retracement range to provide the support for a reaction.
We also stated that we have a body close below the retracement range opening the swing range but will need ema5 cross and lock to further confirm this. No lock below confirmed the rejection. The new weekly candle this week also had the ema5 detachment to the top, which followed with the correction above to re-attach and now heading towards the 2729 axis target once again.
Overall the channel top provided the support like we analysed. Although we saw candle body closes below the channel there was no ema5 break into the channel, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps for the future.
We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future..
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Tradingideas
GOLD ROUTE MAP MARKET REVIEWHey Everyone,
A smashing finish to the week with our 1H chart idea playing out to perfection completing all our targets.
After completing targets and updating throughout the week, yesterday we finished with a cross and lock above 2649 leaving a gap target open to 2678.
- This target was hit today completing this chart idea and more .
4H CHART UPDATE
Our 4H chart idea also completed all targets this week, with each level giving us cross and lock confirmation with plenty of time to get in for the action.
We will now come back Sunday with our updated 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
GoldViewFX
NAS100USD / UNDER DOWNWARD PRESSURE / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Price Action:
The price is currently close to the ATH at 21,250,As long as it remains below this level, it is expected to decline further.
Expected Decline:
If the price does not break above the ATH, it may drop towards a “Fair Value Gap” (FVG) between 20,482 and 20,324, which may represent a target or support zone.
Upward Scenario:
If the price breaks above the ATH, specifically by closing a 4-hour (4H) candle above 21,250, it could indicate a bullish momentum, potentially leading to a new ATH around 21,381.
Overall Sentiment:
The overall outlook is bearish if the price remains below the ATH, suggesting that trading pressure is downward until there’s a clear breakout.
XAUUSD / TRYING TO REACH NEXT DEMAND ZONE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Demand Zone and Initial Price Decline, After a recent decline, gold prices have reached a demand zone, providing an opportunity for a 600-pip profit. A demand zone is a price range where buying interest typically increases, suggesting potential support.
Current Price Movement ,Gold is now aiming for a new demand zone between $2,527 and $2,500. As long as prices stabilize above this zone, there’s potential for an upward push towards higher levels.
Potential Price Levels , Next Supply Zone: Between $2,606 and $2,618. If gold reaches this range, selling pressure could increase, potentially slowing or reversing the uptrend.
FVG (Fair Value Gap) Area, Between $2,636 and $2,664. This level may act as a magnet for prices if the trend continues upwards, as traders may look to close gaps in the price , Further Supply Zone, Between $2,687 and $2,708, where resistance is expected to be strong.
Support Levels and Downside Risk, If gold breaks below the $2,527-$2,500 demand zone, it could decline further to a support level around $2,485, where additional buying interest might emerge.
Market Sentiment , The market is generally under upward pressure (bullish sentiment), though it is currently experiencing a decline.
World gold prices rebounded strongly as tensions escalatedGold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20.
Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches this week. Market expectations for a December rate cut have dropped significantly, with odds now at 55.7%, down from 82.5% just a week ago.
Ms. Lisa Cook - member of the FED Board of Governors said that the country's inflation continues to decline, with wages and the job market "cooling down", rising prices mainly in the housing sector. With this trend, the FED's continued interest rate cuts are considered still appropriate. However, she did not confirm the possibility that the FED will cut interest rates at its next meeting in December.
Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael in early 2025, an increase of 200 USD compared to the previous forecast. there.
🔥 XAUUSD SELL 2698 - 2700🔥
💵 TP1: 2685
💵 TP2: 2675
💵 TP3: OPEN
🚫 SL: 2708
🔥 XAUUSD BUY 2673 - 2675🔥
💵 TP1: 2685
💵 TP2: 2695
💵 TP3: OPEN
🚫 SL: 2668
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our analysis and plans to buy dips working out perfectly!!
After completing our targets all week, yesterday we stated that we were now looking for ema5 to cross and lock above 2649 to open 2678. We got the cross and lock, which followed with a nice move up of over 200 pips so far but just short of the full target. The gap remains open however, buying dip is the safest way to chase open gaps.
As long as support holds above 2649 with no lock below, we will continue to buy dips in this range until we see a failure above followed with a test and break and lock below 2649, which will open the lower Goldturn.
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 and knowing we have gaps above, allows us to safely buy from dips.
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 shared every week for 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
2574 - DONE
EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET
2599 - DONE
EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET
2622 - DONE
EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET
2649 - DONE
EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET
2678
BEARISH TARGETS
2551
EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET
2525
EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE
SWING RANGE
2506 - 2484
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
GOLD ROUTE MAP UPDATEHey Everyone,
A Piptastic day on the charts today once again hitting our targets and playing out, as analysed.
After completing our targets this week yesterday we stated that we had a cross and lock above 2622 opening 2649 and as long as 2622 holds and we don't see a cross and lock below 2622, 2649 will remain open.
- This played out perfectly, as 2622 held without ema5 crossing and gave the support for our Bullish target at 2649 to be hit, completing this target!!
We will now look for ema5 to cross and lock above 2649 to open the range above or failure to lock above will see price test the lower Goldturns for support.
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 and knowing we have gaps above, allows us to safely buy from dips.
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 shared every week for 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
2574 - DONE
EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET
2599 - DONE
EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET
2622 - DONE
EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET
2649 - DONE
EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET
2678
BEARISH TARGETS
2551
EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET
2525
EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE
SWING RANGE
2506 - 2484
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
BALAJI TELEFILMS, Bullish Momentum!BALAJI TELEFILMS (15-Minute Timeframe): Long Trade in Progress!
BALAJITELE Trade Details:
The long trade setup on the 15-minute timeframe has already hit TP1, showcasing a strong upward momentum. The chart indicates a likely continuation towards the remaining profit targets as per the Risological Trading Indicator.
Key Levels:
Entry: 61.67
Stop Loss (SL): 59.67
Take Profit Targets:
TP1: 64.14 ✅ (Hit)
TP2: 68.14
TP3: 72.13
TP4: 74.60
Analysis:
The trade setup reflects a robust bullish trend with price action supported by moving averages. Buyers appear to maintain control, suggesting further upside potential.
Outlook:
With the first target achieved, focus shifts to TP2, TP3, and TP4. If market conditions persist, this trade setup could deliver exceptional gains.
Stay tuned for updates as Balaji Telefilms approaches its profit milestones!